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Nevada Exploration Inc. (NGE.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.14000.0000 (0.00%)
At close: 12:38PM EDT
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Previous Close0.1400
Open0.1400
Bid0.1400 x 0
Ask0.1450 x 0
Day's Range0.1400 - 0.1400
52 Week Range0.1200 - 0.2500
Volume39,600
Avg. Volume166,533
Market Cap18.405M
Beta (5Y Monthly)0.88
PE Ratio (TTM)N/A
EPS (TTM)-0.0350
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Nevada Exploration Announces Private Placement
    GlobeNewswire

    Nevada Exploration Announces Private Placement

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 25, 2021 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) announces a non-brokered private placement offering of up to 25,000,000 units (the “Units”) at a price of $0.13 CAD per Unit (the “Offering”), 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 (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to acquire an additional Common Share at an exercise price of $0.20 CAD per Common Share for 30 months after the date of issuance (the “Closing Date”). Proceeds from the Offering will be used to fund the Company’s current Phase 3 drill program at its wholly-owned South Grass Valley Carlin-type gold project, and for general working capital. To learn more about South Grass Valley, NGE encourages its stakeholders to visit its interactive 3D VRIFY model where the Company has published its geologic model and results of each major work program, available at: https://vrify.com/decks/10143-south-grass-valley-model-tour. The Offering is subject to receipt of all necessary regulatory and TSX Venture Exchange approvals. The securities issued at closing of the Offering will be subject to a four month plus one day hold period from the date of issue, as well as to any other re-sale restrictions imposed by applicable securities regulatory authorities. Subject to approval by the TSX Venture Exchange and applicable securities legislation, NGE may pay finder’s fees with respect to certain subscriptions from arm’s length subscribers in accordance with the TSX Venture Exchange Policies. In addition to other prospectus exemptions commonly relied on in private placements, such as the accredited investor exemption, the Offering is being made available to qualifying existing shareholders of the Company in reliance on BC Instrument 45-534 Exemption from prospectus requirement for certain trades to existing security holders and other provincial equivalents (the “Existing Security Holder Exemption”). To comply with the criteria of the Existing Security Holder Exemption, the ability of existing shareholders to participate in the Offering under the Existing Security Holder Exemption shall be subject to, among other criteria, the following: May 21, 2021, has been set as the record date (the “Record Date”) for the purpose of determining existing security holders entitled to purchase Units pursuant to the Existing Security Holder Exemption;To participate, a qualified shareholder must deliver an executed subscription agreement in the required form, which will include the requirements of the Existing Security Holder Exemption;The aggregate acquisition cost to a subscriber under the Existing Security Holder Exemption cannot exceed $15,000 per twelve-month period unless that subscriber has obtained advice from a registered investment dealer regarding the suitability of the investment; andSubscriptions will be accepted by the Company on a “first come, first served basis”; therefore, if the Offering is over-subscribed it is possible that a shareholder’s subscription may not be accepted by the Company. Further terms and conditions shall be set out in the form of subscription agreement that will be made available to interested shareholders, who are directed to contact the Company as soon as possible in accordance with the contact information provided below. There is no material fact or material change of the Company that has not been generally disclosed. About Nevada Exploration Inc. With mature, exposed search spaces seeing falling discovery rates, NGE believes the future of exploration is under cover. Nevada’s exposed terrains have produced more than 200 million ounces of gold, and experts agree there is likely another 200 million ounces waiting to be discovered in the more than half of Nevada where the bedrock is hidden beneath post-mineral cover. NGE has spent more than 15 years developing and integrating new hydrogeochemistry (groundwater chemistry) and low-cost drilling technology to build an industry-leading, geochemistry-focused toolkit specifically to explore for new gold deposits under cover, and the Company is now advancing a portfolio of projects totalling more than 170 square kilometres. NGE’s most advanced project is South Grass Valley, located approximately 50 kilometres south-southwest of the Cortez complex, operated by Nevada Gold Mines (Barrick Gold Corp. and Newmont Corporation joint venture), within the specific region of north-central Nevada that hosts Nevada’s largest Carlin-type gold deposits (“CTGDs”). Since acquiring the Project, NGE has completed: an infill borehole groundwater sampling program, detailed air magnetic and gravity geophysics surveys, a soil geochemistry sampling program, an initial diamond core drilling program consisting of 10 stratigraphic orientation holes, and most recently (2020), a follow-up reverse-circulation drilling program consisting of 17 holes to increase the density of its bedrock sampling. Based on the results of its combined exploration datasets, NGE believes it has discovered a mineral system at South Grass Valley with the architecture and scale to potentially support multiple CTGDs. As the Company continues to advance the project, per NI 43-101, 2.3(2), the Company must remind its stakeholders that the project remains an exploration target for which the potential quantity and grade of any mineral resource is still conceptual in nature, and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. For more information, the Company’s latest videos are available at:https://www.nevadaexploration.com/investors/media/ For further information, please contact: Nevada Exploration Inc.Email: info@nevadaexploration.comTelephone: +1 (604) 601 2006Website: www.nevadaexploration.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release. Cautionary Statement on Forward-Looking Information: This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, statements about the proposed Offering, as well as expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will be able to close the Offering on the terms and timing as currently contemplated, and the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risk that the Offering may not close on the terms currently contemplated, or at all, risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions. A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. United States Advisory: The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

  • Nevada Exploration Launches VRIFY Model for South Grass Valley Carlin-Type Gold Project and Provides April 2021 Drilling Update
    GlobeNewswire

    Nevada Exploration Launches VRIFY Model for South Grass Valley Carlin-Type Gold Project and Provides April 2021 Drilling Update

    South Grass Valley Carlin-Type Gold Project 3D VRIFY Model South Grass Valley Carlin-Type Gold Project 3D VRIFY Model RENO, Nev., May 03, 2021 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) 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 presence of Carlin-type alteration associated with highly-anomalous pathfinder geochemistry, as well as significant, regional-scale structural features along the projection of the Water Canyon Structural Corridor, as predicted by the Company’s geologic model. At the current depth, core samples are showing evidence of increasing structural deformation and hydrothermal fluid flow, and the Company plans to continue to drill deeper while these features intensify. For its next hole, SGVC013, NGE is planning to move southwards along the NNW-trending Water Canyon Structural Corridor, and extend its southernmost fence of drill holes another 600 metres towards the east. To provide the context to explore the new information provided with its monthly updates, NGE welcomes its stakeholders to visit its new 3D South Grass Valley model, where the Company has published its geologic model and the results of each major work program to date using VRIFY Technology Inc.’s interactive VRIFY platform. For a guided introduction to the model, the Company has also provided a short video highlighting the main datasets available to be reviewed. South Grass Valley VRIFY model: https://vrify.com/decks/10143-south-grass-valley-model-tour.Video introduction to model (2:32): https://youtu.be/23otbkoJROs A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/04a58dad-61fd-476f-8cf0-4c81798fced2 With respect to the current drilling, NGE reports: The Company has logged the SGVC012 core samples down to a depth of 954 metres (this includes washing the core, collecting both white light and UV photography, completing geologic logging, collecting oriented-core structural measurements, cutting the core, and completing preliminary XRF geochemistry analysis);Since first encountering lower-plate bedrock at 590 metres, SGVC012 has drilled through the Roberts Mountains, Hanson Creek, and Goodwin Formations;Within the units that have been logged, there is evidence of pervasive Carlin-style hydrothermal fluid flow, marked by bleaching, argillization and decalcification, indicative of acid-leaching associated with the passage of CTGD hydrothermal fluids, as well as bedding-parallel and bedding-normal calcite veining, all of which, based on preliminary portable XRF-derived geochemistry, is associated with highly anomalous Carlin-type pathfinders, particularly within high-angle fracture zones cutting through the Roberts Mountains and Hanson Creek Formations;SGVC012 did not encounter the Lower Hanson Creek, Antelope Valley or Nine Mile Formations that elsewhere sit below the Upper Hanson Creek and above the Goodwin (see the Stratigraphic Column provided in the VRIFY model: https://vrify.com/decks/10143-south-grass-valley-model-tour?slide=86385), which represents a thick sequence of missing stratigraphy consistent with the presence of a significant structural feature oriented sub-parallel to bedding, such as a large low-angle thrust fault; andThe predominant bedding seen within the Goodwin Formation units in SGVC012 is parallel to the core axis, representing a significant change in orientation relative to that seen west of the Water Canyon Structural Corridor – west of the corridor the bedding dips 15o to the SE, whereas east of the corridor the bedding dips 70o to the SW - which based on the preliminary oriented-core measurements appears consistent with a significant fault and/or fold feature running parallel to the NNW-trending Water Canyon Structural Corridor. NGE’s CEO Wade Hodges, discussing SGVC012 and plans for SGVC013: “It’s obviously early days for the program, and we still have more core to log from this current hole, though the first 950 metres we’ve logged has already confirmed the presence of widespread Carlin-type hydrothermal fluid flow, as well as highlighted both the scale and complexity of the structural features we’re seeing across the district, and in particular along our projected Water Canyon Structural Corridor. “In our earlier drilling we began to see evidence that a block of the Roberts Mountains and Hanson Creek, which we call the “Wedge Block”, had been moved along a low-angle discontinuity we refer to as the “Hydra Fault”; and what we’re seeing in SGVC012, with more than 350 metres of missing stratigraphy between the Upper Hanson Creek and the Goodwin, is helping to solidify the presence of a major potential thrust fault across this northern end of the project. “Once we drilled below this potential thrust feature, the next unit we encountered, the Goodwin, was tipped almost 90 degrees relative to what we saw to the west, indicative of significant folding and/or faulting between SGVC012 and our earlier holes, the axis of which appears to be parallel to our major NNW corridor. As we’ve shared, the three major Carlin districts are all anchored by regional-scale structural features, which provided the fluid pathways to move massive volumes of mineralized hydrothermal fluids, and this large step-out to the east continues to present more evidence for just how big the scale of these structural and alteration features are at South Grass Valley. “While it is significant to note the massive scale of these features, the change in bedding in the Goodwin does present a challenge in that we are now drilling parallel to the bedding, meaning we’re having to drill deeper than expected to reach our Cambrian-aged target stratigraphy below. At the moment we’re seeing increasing post-soft sediment deformation and debris flow structural straining with normal-to-bedding calcite tension veinlets, together with fracture-controlled bleaching, and our plan is to continue the hole deeper; however, depending on what we see over the coming days with the XRF-derived geochemistry, we may make a decision to stop the hole, and instead use a subsequent drill hole in this area to test our target Clm stratigraphy closer to the center of the fold or fault feature – a setting we know hosts mineralization at the three major Carlin districts – where we also expect our target units to sit closer to surface. “In the meantime, while we finish logging the bottom of SGVC012, when we’re ready to move sites, our plan is to drill our next hole, SGVC013, at the south end of the project, to extend our southernmost fence of drill holes deeper and closer to the Water Canyon structural corridor (see Section D -D’ in the VRIFY model: https://vrify.com/decks/10143-south-grass-valley-model-tour?slide=86386). In terms of our speed of drilling, we’re seeing penetration rates averaging about 25 metres per day, which is slower than expected, though the daily averages have been increasing as the drillers become more familiar with the project, and we’re expecting this trend to continue with SGVC013. “In summary, our early observations from SGVC012 are consistent with our projections of a major structural corridor cutting through our project area, hosting significant Carlin-type hydrothermal alteration features associated with highly-anomalous pathfinders – together all at a scale consistent with Nevada’s largest Carlin-type mineral systems, and we’re looking forward to finishing logging and sampling the SGVC012 core, and to moving on to add a similarly important new hole at the south end of the project. “To follow our continued progress, we encourage all of our stakeholders to visit our new VRIFY model for the project, where you can review the results of each of our work programs, and our resulting geologic model – the same model we use daily to guide our current drilling. By publishing all of this data online using VRIFY’s intuitive and interactive platform, we’re providing a powerful and transparent tool to explore how we’ve systematically advanced and de-risked this otherwise-covered project. We hope you find it valuable.” As the 2021 South Grass Valley drilling program continues, NGE encourages its stakeholders to sign up to its email list to receive its monthly updates, as well as to subscribe to one or more of its social media channels to follow along as its team shares photos from the field and its logging facility. Email sign up: www.nevadaexploration.com/investors/signupTwitter: www.twitter.com/NV_ExplorationInstagram: www.instagram.com/nevadaexplorationFacebook: www.facebook.com/NevadaExplorationInc About Nevada Exploration Inc. With mature, exposed search spaces seeing falling discovery rates, NGE believes the future of exploration is under cover. Nevada’s exposed terrains have produced more than 200 million ounces of gold, and experts agree there is likely another 200 million ounces waiting to be discovered in the more than half of Nevada where the bedrock is hidden beneath post-mineral cover. NGE has spent more than 15 years developing and integrating new hydrogeochemistry (groundwater chemistry) and low-cost drilling technology to build an industry-leading, geochemistry-focused toolkit specifically to explore for new gold deposits under cover, and the Company is now advancing a portfolio of projects totalling more than 170 square kilometres. NGE’s most advanced project is South Grass Valley, located approximately 50 kilometres south-southwest of the Cortez complex, operated by Nevada Gold Mines (Barrick Gold Corp. and Newmont Corporation joint venture), within the specific region of north-central Nevada that hosts Nevada’s largest Carlin-type gold deposits (“CTGDs”). Since acquiring the Project, NGE has completed: an infill borehole groundwater sampling program, detailed air magnetic and gravity geophysics surveys, a soil geochemistry sampling program, an initial diamond core drilling program consisting of 10 stratigraphic orientation holes, and most recently (2020), a follow-up reverse-circulation drilling program consisting of 17 holes to increase the density of its bedrock sampling. Based on the results of its combined exploration datasets, NGE believes it has discovered a mineral system at South Grass Valley with the architecture and scale to potentially support multiple CTGDs. As the Company continues to advance the project, per NI 43-101, 2.3(2), the Company must remind its stakeholders that the project remains an exploration target for which the potential quantity and grade of any mineral resource is still conceptual in nature, and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. For further information, please contact: Nevada Exploration Inc.Email: info@nevadaexploration.comTelephone: +1 (604) 601 2006Website: www.nevadaexploration.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Wade A. Hodges, CEO & Director, Nevada Exploration Inc., is the Qualified Person, as defined in National Instrument 43-101, and has prepared the technical and scientific information contained in this News Release. Cautionary Statement on Forward-Looking Information: This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, expectations, beliefs, plans, and objectives regarding projects, potential transactions, and ventures discussed in this release. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the assumption the Company will continue as a going concern and will continue to be able to access the capital required to advance its projects and continue operations. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, environmental permits, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions. A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

  • Is Nevada Exploration (CVE:NGE) In A Good Position To Invest In Growth?
    Simply Wall St.

    Is Nevada Exploration (CVE:NGE) In A Good Position To Invest In Growth?

    Just because a business does not make any money, does not mean that the stock will go down. For example, although...