NV Gold Corporation Outlines Its Planned 2023 Drill Priorities and Exploration Activities - Seite 2

3. Triple T Gold Project:

Triple T is located in the Humboldt Range, 9 kilometers (5.6 miles) east of the Rochester silver-gold operation and 42 kilometers (26.1 miles) southeast of the Florida Canyon gold mine. The Triple T property, comprising 41 unpatented mining claims, is 100%-owned by NV Gold. The Company has received approval of the Triple T Notice of Intent (NOI) for 10 additional RC holes and commencement of drilling is projected for Q2 2023, subject to capital availability.

Additionally, the Company hopes to add 5-7 new greenfield exploration projects into its project pipeline in 2023 through a detailed analysis of over 30 targets identified by its Data Library Project conducted in collaboration with GoldSpot in 2022. The Company will also evaluate several of its most prospective early-stage properties that are already in its portfolio.

About the Data Library Project:

NV Gold's Data Library consists of multiple data compilations, covering Nevada and elsewhere, including extensive proprietary exploration files created by AngloGold, USMX, Canyon Resources and others. Multiple significant regional geological, geochemical, and geophysical exploration programs generated this data, comprising over 40 years of effort, and at a historical cost of more than US$20 million (refer to press release August 11, 2022). GoldSpot handled the legacy data inventory and identified 31 targets using its proprietary AI technology, which will be field-evaluated in Q1 and Q2 of 2023.

About the Gold Bell and Teton Projects:

NV Gold's previously-acquired Gold Bell and Teton projects are located in the Bell Mining District (Walker Lane), in the immediate neighborhood to Fortitude Gold Corp.'s Golden Mile property in Mineral County, Nevada (see Figure 4). The Golden Mile District is characterized by intrusion-related gold-copper exo- and endoskarn associated with massive replacements of carbonate rocks and shear hosted gold. Historical drill intercepts were reported in the multiple grams up to ounces per ton gold ranges. The Teton project, with potential for near-surface, oxide-gold mineralization, underwent some limited drilling in the 1980s (assays are unknown); while the Gold Bell property, a potential extension of the known Golden Mile high-grade gold mineralization, has never been drill-tested. Evaluation of the Gold Bell and Teton properties will go hand in hand with evaluating the GoldSpot targets in Q1 and Q2 of 2023.