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 [...]
Nevada Exploration Inc. is pleased to announce that it has signed a Letter of Intent with Austin Gold Corp. , led by former Pretium Resources Inc. CEO Joe Ovsenek, for an earn in and joint venture agreement on its district-scale Kelly Creek Project within the Kelly Creek Basin in north-central Nevada. Under the LOI, Austin would have the right to earn a 51% interest in the joint venture by spending $5,000,000 over four [...]
Nevada Exploration Inc. is pleased to report that the recently-completed reverse-circulation drilling program at its South Grass Valley Project has focused the Company’s search for new Carlin-type gold deposits to a mineralized corridor, which the Company believes is the potential common fluid source for three of the four target areas that the program was designed to advance. Having used RC drilling to [...]
Nevada Exploration Inc. is pleased to provide an update regarding its reverse-circulation drilling program at its South Grass Valley Carlin-type gold project . Since beginning the program in January 2020, the Company has completed the first of its two planned drilling cycles at all four of its initial targets, and has begun the second cycle of drilling at its Golden Gorge and Freddie targets. NGE is pleased to share that [...]
Nevada Exploration Inc. is pleased to provide an update regarding its ongoing reverse-circulation drilling program at its South Grass Valley Carlin-type gold project . Since beginning the program in January 2020, the Company has completed the first of two planned drilling cycles at three of its targets, for a total of approximately 3,600 meters, for which the Company has now received and begun to review assay results for [...]
Nevada Exploration Inc. is pleased to announce that it has closed a non-brokered private placement offering , pursuant to which it has raised gross proceeds of $1.085M CAD through the issuance of 4,931,819 units at a price of $0.22 CAD per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one Common Share purchase warrant , with each whole Warrant entitling the holder to acquire an [...]
Nevada Exploration Inc. is pleased to provide an update regarding its ongoing reverse-circulation drilling program at its South Grass Valley Carlin-type gold project . Shortly after beginning the program on January 6, 2020, the Company mobilized a second drill rig to the Project, and has now drilled a total of 2,146 metres. Based on preliminary geologic logging, the Company is pleased to report that the additional drill [...]
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