NV Gold Corporation (NVGLF) (CVE:NVX) Stock Continues to Fall: Down 35% in a Month
Investors who might be looking into the possibility of investing in gold stocks at this point could consider taking a look at the NV Gold Corporation (OTCMKTS:NVGLF) (CVE:NVX) stock this morning.
The NV Gold stock has soared by 15% this morning after the company announced that the all the assays in relation to its expanded reverse circulation drill program have been received. The drill program in question is the one at Sandy Gold Project, which is owned entirely by NV Gold and located Lyon County in Nevada.
It is an important development for the company and the optimism among investors regarding he update is understandable. The company also provided the detailed highlights of what was discovered at the Phase 1 Drilling Program at this project.
The drilling program managed to uncover a considerably large epithermal gold system at the site and that makes for a major discovery. There were other important findings as well and all of that was shared by the company in its press release this morning. Investors could do well to take a look at it if they wish.
“2021 will be one of NV Gold’s busiest exploration seasons in our corporate history, with multiple drill-ready gold projects being planned for potential drill programs, including the Sandy Gold Project. I look forward to the next Phase of the Sandy exploration program later this year after we review data gathered from the upcoming IP survey and additional mapping,” commented Peter A. Ball, President and CEO of NV Gold. “With over $4.5M in our treasury, we are well funded for 2021 and beyond.”
