program to run into November or later, with another 10-15 RC holes aimed mainly at extending the southern end of DeLong Ridge and tightening the picture. Then comes the higher-confidence phase: NV Gold has engaged two diamond core drills for a winter campaign, which produces intact rock samples that help confirm continuity and support the technical studies needed for a formal resource estimate.
Why should I care?
For markets: NV Gold at CA$1.11 still needs core drilling to validate its “contiguous oxide” story.
Labeling Slumber as “oxide” matters because near-surface oxide gold can sometimes be processed more simply than harder, deeper ore, which can improve the economics if the deposit is large enough. But early RC results usually function as a sketch: they can show where mineralization may run, yet they can’t answer the big valuation questions on their own, like whether the zone is consistently mineralized in three dimensions and whether sampling is robust enough for engineering work. That’s why the next steps matter more than the headline assays: additional RC holes can help connect the dots, while diamond core drilling is what typically carries more weight with analysts and engineers when a company starts talking about resource-style milestones. Until those programs turn “open-ended” into a well-defined footprint, it’s common for investors to keep a discount on the story – which helps explain why the shares were still down, at CA$1.11, on the update.