Nevada Exploration Inc. announces a non-brokered private placement offering of up to 25,000,000 units at a price of $0.13 CAD per Unit , for total gross proceeds of up to $3,250,000 CAD. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant , with each Warrant entitling the holder thereof to acquire an additional Common Share at an exercise price of $0.20 CAD per [...]
Nevada Exploration Inc. is pleased to announce the launch of its interactive South Grass Valley 3D VRIFY model, and to provide the second monthly update from its 2021 core drilling program at the project. The first hole of the program, SGVC012, is presently at a depth of approximately 1,300 metres within the Goodwin Formation of the lower plate. Logging completed for the upper portion of the hole has confirmed the [...]
Nevada Exploration Inc. is pleased provide the first monthly update from its 2021 core drilling program at South Grass Valley. The initial hole of the program, SGVC012, is currently at a depth of 710 metres, and proceeding well within characteristic Carlin-type lower-plate host rocks. NGE is also pleased to announce that it has completed the commissioning of its newly upgraded core logging facility, which has included the [...]
Nevada Exploration Inc. is pleased to announce that it has begun the first hole of its 2021 drilling program at its South Grass Valley project, where the Company has discovered a large new Carlin-type mineral system along a regional-scale structural feature called the Water Canyon structural corridor . NGE's primary objective for its 2021 program is to test for gold mineralization at a target named East Golden Gorge [...]
Nevada Exploration Inc. is pleased to announce that it has completed the permitting process for additional drill sites and signed a contract for a deep-capacity diamond core rig to begin its next phase of drilling at its South Grass Valley Carlin-type gold project, located south of Nevada Gold Mines' Cortez Complex. NGE expects drilling to begin on or about March 1, 2021. Discussing the upcoming program, NGE CEO, Wade [...]
Nevada Exploration Inc. announces that the Company proposes to extend the expiry date of a total of 7,970,000 share purchase warrants, all of which are exercisable at $0.30 per share. The Warrants were issued pursuant to a private placement that closed in two tranches on August 29, 2018, and September 7, 2018, and currently expire on February 28, 2021, and March 7, 2021 . The Company proposes to extend the expiry dates of [...]
Nevada Exploration Inc. is pleased to announce that it has closed its previously announced non-brokered private placement offering , pursuant to which it has issued 26,448,000 units at a price of $0.125 per Unit, for gross proceeds of $3,306,000 - an increase of approximately 8.9 million Units from the 17.5 million Units contemplated in the news release dated November 30, 2020. Commenting on the Offering and the Company’s [...]
Nevada Exploration Inc. announces a non-brokered private placement offering of up to 17,500,000 units at a price of $0.125 CAD per Unit, for total gross proceeds of up to $2,187,500 CAD. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant, with each Warrant entitling the holder thereof to acquire an additional Common Share at an exercise price of $0.18 CAD per [...]
Nevada Exploration Inc. is pleased to provide a corporate update, and to announce that it has significantly increased its land holdings at its Awakening Gold Project by staking additional unpatented mining claims covering approximately 25 square kilometres. Awakening is a low-sulfidation epithermal gold project located directly north of Paramount Gold Nevada Corp.’s 4.8 million-ounce Sleeper Gold Mine, where NGE has [...]
Nevada Exploration Inc. is pleased to present its next-stage plans to advance the East Golden Gorge target at its district-scale South Grass Valley Carlin-type gold project. The target is defined by the intersection of a series of regional-scale, high-angle faults that the Company has named the Water Canyon structural corridor and a Cambrian-aged limey mudstone , which together the Company believes represent the dominant [...]
Nevada Exploration Inc. is pleased to announce that it has executed the definitive Exploration and Option to Enter Joint Venture Agreement with Austin Gold Corp. , led by former Pretium Resources Inc. CEO Joe Ovsenek, on its district-scale Kelly Creek Project within the Kelly Creek Basin in north-central Nevada. Under the Agreement, Austin has the right to earn a 51% interest in the joint venture by spending $5,000,000 [...]
At the request of IIROC , Nevada Exploration Inc. is pleased to clarify and provide additional information related to its June 1, 2020, news release . Geologic context of nearby deposits The Company wishes to clarify the information provided about the nearby Lone Tree and Marigold deposits, the sizes of which were rounded to the nearest million ounces and presented simply as 5 Moz and 8 Moz respectively, in the Original [...]