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New Listing: Stevens Gold Nevada (CSE:SG)

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Stevens Gold has an option to acquire a 60% interest in Black Point Property, subject to annual lease payments and a purchase price of US$500,000.

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Additional Information:

Company: Stevens Gold Nevada
Website: http://www.StevensGold.com
Stock Symbol: CSE: SG
Date Published: Feb 24, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Stevens Gold Nevada is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “SG”.

Stevens Gold has an option to acquire a 60% interest in Black Point Property, subject to annual lease payments and a purchase price of US$500,000.

The Black Point Property, located in Eureka County, Nevada, 12 miles north of the town of Eureka, consists of 80 unpatented lode mineral claims covering an area of approximately 1600 acres.

It lies at the south end of the Diamond mining district, 8 km south of the Phillipsburg Mine.

First discoveries in the district were made in 1864.

Production from three operations between 1939 and 1948 totaled approximately 4,500 tons of silver ore, but no grades were provided.

Gold is reported in ore from two of these; 1 ounce per ton gold from Steele-Galena and a range of 10 - 20 ounces per ton gold from Black Point itself.

Intermittent mining until 1955 produced a total of 52,000 ounces of silver and 755,000 lbs. of lead.

The property has had several operators over the years, with one previous operator completing an 82-hole percussion drilling program in the area between 1971 and 1972.

Four vertical percussion holes were drilled south of the Silver Belle Pit at the Black Point zone where silver values between 1 and 32 ounces per ton silver were recorded

Work completed by Stevens Gold on Black Point consisted of detailed geological mapping, soil and rock chip geochemical sampling of the outcrop areas on the eastern side of the claim group.

Geochemical results demonstrate that a large, elongate, zoned metal anomaly occurs along Black Point Ridge south of Pedrioli Creek.

A budget of US$223,000 for a diamond drilling program of angled core holes is recommended to test for
steeply dipping “feeder zone” high grade gold targets of the type now mined underground in the Carlin and Battle Mountain districts.

The shares are bid at $0.255 with no shares offered.

For more information, please visit the company’s website www.StevensGold.com, contact Charles MaLette, President & CEO, 604-428-5171 or by email info@stevensgold.com.

I’m Fiona Forbes or Investmentpitch Media