PVW Resources (ASX:PVW) completed its 100% acquisition of Southern Prospecting, a move that secures the company's foothold in one of the world’s most renowned mining jurisdictions.
The acquisition includes the Cobb Creek Project, located within Nevada's prolific Independence Gold Trend, which runs sub-parallel to the famous Carlin Trend.
The flagship asset is headlined by a historical NI 43-101 (non-JORC) gold estimate of 173,000 ounces at a grade of 1.4 g/t Au.
Historical drilling at Cobb Creek has already demonstrated the project's high potential, intersecting broad zones of shallow gold mineralisation.
Results include 33.5m @ 1.9 g/t Au from a depth of just 18.3m and 30.5m @ 1.7 g/t Au from 6.1m.
Beyond the Nevada assets, the expanded portfolio now includes the Colorado Gulch and Silverstar Projects situated in Idaho's Central Gold Belt, providing PVW with multiple avenues for growth across the United States.
In tandem with the acquisition, PVW has undergone a board renewal, welcoming Martin Walter as a non-executive director to bolster its leadership team.
Moving forward, the company is pivoting toward an aggressive operational phase, focusing on permitting and target refinement programs to advance its newly acquired US portfolio.
At the time of reporting, PVW Resources' share price was $0.024.