NV Gold drills 28.95 m of 0.43 g/t Au at Slumber

Executive Summary

• NV Gold reported significant oxide‑gold intercepts from its 2025 reverse‑circulation drilling program at the Slumber project, including a 1.092 g/t Au interval over 3.04 m in hole SL‑30 located ~1.7 km north of prior drilling.
• Multiple additional intervals were intersected in holes SL‑31 and SL‑32 with grades ranging from 0.489 to 0.673 g/t Au, confirming extension of the known oxide gold system at least 1.5 km north of historic zones.
• The results suggest a larger-than‑expected oxide gold system with potential for higher‑grade feeder zones at depth, supporting continued exploration and possible future resource expansion.

Key Details

• Drilling Overview: 5 RC holes totaling 964.7 m completed in June 2025 to test mercury‑vapour anomalies north of known mineralization.
• Hole SL‑30: 192.02–195.06 m (630–645 ft) – 1.092 g/t Au over 3.04 m. Drilled 1.7 km north of previous work.
• Hole SL‑31 Intercepts:
• 150.9–158.5 m (495–520 ft) – 0.489 g/t Au over 7.6 m
• 163.1–166.1 m (535–545 ft) – 0.619 g/t Au over 3.0 m
• 181.36–190.5 m (590–625 ft) – 0.490 g/t Au over 9.14 m
• Hole SL‑32: 160.0–161.5 m (520–530 ft) – 0.673 g/t Au over 1.5 m.
• Geophysical Context: Intersections align with a north‑south trending resistivity zone identified by CSAMT (2019) and IP (2022) surveys, indicating hydrothermally brecciated, silicified volcanics.
• Historical Work: Prior to 2025 program, 29 RC holes (5,200.9 m) drilled since 2019; five mercury‑vapour targets identified in Nov 2022, three of which were tested in the current campaign.
• QA/QC: Samples collected at 1.52 m intervals, analyzed by ALS Chemex using fire‑assay ICP‑AES (Au‑ICP21). Certified standards, blanks, and duplicates inserted throughout.
• Qualified Person Disclosure: Jesse D. Wellman, CPG, independent QP, reviewed and approved technical disclosure per NI 43‑101.
• Additional Note: The private placement financing announced on May 22 2025 was cancelled after closing a first tranche of $349,800 (3,498,000 units) on July 3 2025.

Notable Quotes

“The Slumber project continues to expand with our work in 2025… both holes returned highly encouraging intercepts of gold mineralization and both bottomed in grade.” – John Watson, CEO, NV Gold Corp.

“The gold zone is extensive … stepouts up to 1.75 km exhibit the same mineralization style with increasing grades, suggesting higher‑grade feeders yet to be discovered.” – Thomas Klein, NVX consultant.