Nevada Exploration Resumes Drilling at South Grass Valley Under Strategic Drilling Partnership

VANCOUVER, British Columbia, Dec. 06, 2021 (GLOBE NEWSWIRE) — Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) is pleased to announce that it has resumed its Phase 3 drilling program at its South Grass Valley Carlin-type gold project under its previously announced strategic partnership with Nevada-based Drill NV Inc. (“Drill NV”). NGE’s objective for its Phase 3 program is to test for gold mineralization at its East Golden Gorge target, as defined by its drilling, geophysics, and geochemistry programs to date. The Company’s partnership with Drill NV is based on a fixed all-inclusive footage rate, chargeable only for dill holes completed to target depth, for which the Company may elect to pay Drill NV up to 25% in the form of NGE common shares. Read More