NV Gold Corp. executed a binding letter of intent to lease the Slumber gold property in Nevada.

A preliminary exploration program is expected shortly. Initial work includes gravity and ground magnetics to assess structure and alteration that is obscured by widespread alluvial cover.

The company said May 30 that the property is one of several high-level epithermal gold systems on a trend from the Jackson Mountains.

In addition, NV Gold said it is reviewing a potential drill program for another project.