NV Gold Announces Expansion of Holdings and Drill Program at the Slumber Gold Project in Nevada
NV secures a 1,500-acre lease and a 5,000m drill program at the Slumber Gold Project.
NV Gold Corporation (NVX) announced the initiation of a 5,000-meter Reverse Circulation (RC) drill program at its 100%-owned Slumber Gold Project in Nevada. Drilling is scheduled to commence in the first week of September 2026, utilizing Premier Drilling for 20-30 holes over a 6-8 week period. The program aims to test potential new gold mineralization derived from previous results, surface sampling, and mapping.
The company also completed a mining and exploration lease for approximately 1,500 acres of fee land adjacent to existing claims, bridging the Awakening and Slumber target areas. Proceeds from recent financings are designated to fund this anticipated drill program and general working capital.
NV Gold Corporation (NVX) announced a follow-up to its July 2026 non-brokered private placement, which explicitly earmarked proceeds for an "anticipated drill program." The company is proceeding with a 5,000m RC program and a 1,500-acre land lease, steps consistent with prior announcements and management's stated exploration strategy.
The market was already aware of the drilling timeline and land expansion plans, meaning the announcement provides operational continuity without introducing new, unexpected market-moving information. The news does not alter the fundamental risk profile or valuation of the early-stage exploration company.
NV Gold Corporation (NVX) is an exploration company focused on gold projects in Nevada, USA. Its flagship asset is the Slumber Gold Project, located approximately 80.5 km northwest of Winnemucca and about 35 km west of the Sleeper gold deposit. The project features volcanic-hosted epithermal gold and low silver mineralization within a structural corridor along the southern Jackson Mountains. Previous drilling in 2025 encountered mineralized thicknesses up to 175 meters and extended known oxide gold zones northward. The company also holds the SW Pipe and Triple T projects, although the Triple T lease was terminated due to economic infeasibility.