SAN FRANCISCO, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Can water help explorers find gold? That's the path that Nevada Exploration Inc. (NGE:TSX.V; NVDEF:OTCQB) is taking in Nevada.
Company mentioned: Nevada Exploration Inc.
Wade Hodges, CEO of Nevada Exploration, has built a model of groundwater geochemistry as a gold exploration tool. That began with a U.S. Geological Survey geologist using groundwater samples to see if the closer the water was to mineral deposits, the higher the indicator minerals in the water would be, and the geologist did find a correlation.
Hodges and his team followed up by collecting data on 50,000 groundwater samples that were tested by Nevada municipalities and other agencies. While these samples were not assayed for gold, they were tested for the toxic metals, which are pathfinders for gold deposits. Nevada Exploration then collected 6,000 new water samples and assayed them for gold and indicator minerals, completing, according to the company, the world's largest groundwater program for gold.
With this information, Hodges had a map of areas where the groundwater was high in gold and pathfinding metals. Using this information, Nevada Exploration homed in on areas with high gold in groundwater anomalies, resulting in three main targets in Nevada's Battle Mountain-Eureka Trend in its search for large, Carlin-type gold deposits, as well as additional targets for staking:
- The Kelly Creek project, surrounded by several deposits that contain over 70 million ounces of gold.
- South Grass Valley, located around 50 km south-southwest of Barrick Gold's Cortez complex.
- Grass Valley, located about 10 km south of the Cortez complex.
Continue reading this article: The New Paradigm? Using Water to Find Gold in Nevada
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