NEW PLACER DOME GOLD SURFACE ROCK SAMPLING RETURNS 43 G/T GOLD AND 526 G/T SILVER AT THE TROY CANYON GOLD-SILVER PROJECT IN NEVADA- PROVIDES UPDATE ON THE KINSLEY MOUNTAIN GOLD PROJECT

Figure 1. Rock Sampling at the Historic Locke East Mine Adit

News Release – Vancouver, British Columbia – October 22, 2020: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to announce the results of the recently completed rock grab sampling program at its 100% owned Troy Canyon Gold-Silver Property (the “Troy Canyon Project” or the “Project”) located in Nye County, Nevada.

The 2020 Troy Canyon Project surface rock grab sampling represent the Company’s first opportunity to independently verify significant reported historic gold and silver values within Project, which had previously reported underground stope rock grab samples assaying 576 g/t gold and greater than 100 g/t silver[1]. A total of 59 surface and underground rock grab samples were collected at the Troy Canyon Project during the program. Sampling was designed to follow-up on significant untested gold in soil geochemical anomalies present throughout the property (see New Placer Dome news release dated October 11, 2019).

Highlights of the recently completed surface rock sampling include (Table 1):

  • 42.7 grams-per-tonne (g/t) gold (Au) and 15 g/t Au, and 91 g/t silver (Ag) in outcrop of partially oxidized silica-sulphide breccia at the historic Locke West and East Mine prospects.
  • 37.7 g/t Au in oxidized quartz vein material sampled from historic waste dumps at the Locke East Mine (Figure 1).
  • 7.68 g/t Au including 526 g/t Ag, in addition to 97.20 g/t Ag and 105 g/t Ag from mine dump material coincident with a 1.2 km north-south trending greater than 10 ppb Au in soil anomaly along the western Troy Canyon Claims along the historic Leadhill and Galena vein trends (Figure 2).

Table 1. Troy Canyon Significant 2020 Rock Grab Sample Results

Sample IDAu (g/t)Ag (g/t)Pb (%)Zn (%)
TC20KO-01542.7042.100.130.18
TC20KO-00237.70251.001.350.10
TC20AC-01415.0526.300.060.30
TC20KO-0197.68526.0016.750.45
TC20KO-0242.5226.001.773.46
TC20KO-0072.218.620.010.04
TC20AW-0021.6191.500.200.10
TC20KO-0231.3921.801.350.13
TC20AC-0101.097.200.010.01
TC20AW-0070.03105.008.471.90
TC20AC-0010.0297.208.260.69
Figure 2. Troy Canyon 2020 Rock Grad Sample Results (Showing Gold Soil Geochemistry)

Max Sali, CEO and founder comments, “Our technical team successfully returned a number of compelling high-grade gold and silver samples in support of historical samples and demonstrated the potential of the Project.  In addition, our ongoing reverse circulation and diamond drill campaigns at our flagship Kinsley Mountain gold project and the Bolo gold project continue to move forward on budget with multiple holes being competed weekly.”

Update on Kinsley Mountain

Drilling progress with two reverse circulation and one diamond drill turning at Kinsley Mountain continues to meet the Company’s production expectations. Over 12,000 metres (40,000 feet) of drilling has been completed at Kinsley this year; comprising 32 RC holes totaling 9,813 metres (32,200 feet) and seven diamond core holes totaling 2,567 metres (8,400 feet).

In addition to the 2,500 RC samples from nine drill holes already forwarded and in progress at the ALS Geochemistry laboratory in North Vancouver (see the Company’s October 1, 2020 news release), an additional full transport truck carrying 22 pallets (2,320 RC samples) were shipped this week and are confirmed to have arrived at ALS.

Exploration drilling continues to test high-priority structural and stratigraphic gold targets at the high-grade Western Flank Gold Zone, Secret Spot and Shale Saddle targets, with initial drilling at the Big Bend and historical Kinsley Open Pit targets now complete (see the Company’s September 21, 020 news release).

Troy Canyon Summary

The Troy Canyonsilvergold project is located in the Grant Range of eastern Nye County, Nevada, approximately 150 km east of Tonopah. The project consists of 59 contiguous unpatented mineral claims that cover 493 hectares of land centered approximately on the historical Locke gold mine. High-grade gold mineralization occurs within massive quartz veins, vein breccias and narrower sheeted vein and stockwork zones. The quartz system is exposed for 300 meters along the sheared, northerly trending contact between hanging wall recrystallized limestone of Cambrian age and footwall quartz monzonite of the Tertiary (23 Ma) Troy pluton.

The Troy Gold-Silver Project has seen limited modern exploration effort and was a former small scale producer. Gold mineralization was first identified at the project in 1867 and small-scale mining commenced in 1869. The most recent mining took place from 1948 to 1950 where 643 ounces of gold and 660 ounces of silver were reportedly produced from 1,859 tons of mineralized rock, at an average grade of 11.83 g/t gold (0.345 oz/t Au) and 12 g/t silver (0.355 oz/t Ag).

The area of the old Locke Mine in Troy Canyon hosts mesothermal gold and silver mineralization with potential for economically significant concentrations. Mesothermal systems typically are persistent to great depths. To date the system seen on the Troy Canyon Project has only been investigated over a vertical extent of approximately 180 metres, with the bulk of the work having been concentrated on the hanging wall of the quartz host.

Recent assessments (late 1980s to early 2000s) of the project by multiple companies include sampling of surface and underground quartz exposures, mine dumps, mineral processing facilities, and tailings piles. In 2004, Miranda Gold Corp determined that stopes were developed on multiple ‘stacked’ north-trending, moderately east-dipping veins. Three of 13 underground stope rock grab samples collected by Miranda reportedly returned 47.8 g/t gold, 48.4 g/t gold, and a high of 576 g/t gold* (16.8 oz/ton Au). The remaining ten rock samples collected from underground stope and adit wall outcrops returned values ranging from <1 g/t gold to 8.8 g/t gold, and from 0 g/t silver to 27 g/t silver.

In 2007, Portage Minerals Inc. completed a multi-parameter exploration program on the project that included a property-wide soil geochemical survey, focused IP/Resistivity and CSAMT surveys, and rock chip sampling and surveying of the main Locke mine underground workings. The soil geochemical program identified several zones of anomalous gold outbound of the mine and a strong northwest trending IP anomaly in the southeast part of the survey area.

Gold mineralization is associated with grey, late-stage vuggy, sugary limonitic quartz and minor sphalerite, galena and arsenopyrite, and a strong gold-bismuth correlation suggests that mineralization is part of an intrusive-related mesothermal gold vein system. Compiled data for the Troy Canyon Project reference only one exploration drill-hole which apparently was terminated in mineralized limestone before reaching the vein.

Technical Details, Methodology and QA/QC

Of the 59 rock grab samples collected, a total of nine samples returned greater than 1 g/t Au and up to 42.7 g/t Au. A total of 12 samples returned greater than 20 g/t Ag, with a total of three samples returning greater than 100 g/t Ag and up to 526 g/t Ag.

The analytical work reported on herein was performed by ALS Global (ALS), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the New Placer Dome and the QP. Rock grab were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry.  New Placer Dome detected no significant QA/QC issues during review of the data. New Placer Dome is not aware of any sampling, or other factors that could materially affect the accuracy or reliability of the data referred to herein. 

About New Placer Dome Gold Corp.

New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold projects in Nevada. New Placer Dome’s flagship Kinsley Mountain Gold Project, located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred resources containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)[1]. The Bolo Project, located 90 km northeast of Tonopah, Nevada, is another core asset, similarly hosting Carlin-style gold mineralization. New Placer Dome also owns 100% of the Troy Canyon Project, located 120 km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of New Placer Dome and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.

The 2020 Troy Canyon rock grab samples were submitted to ALS Canada   

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information:

Max Sali, Chief Executive Officer & Director

Tel: (604) 620-8406

Email: msali@newplacerdome.com

Karl Mansour, Paradox IR

Tel: (514) 341-0408

Email: karlmansour@paradox-pr.ca

Jackie Kelly, Empire Communications IR

Tel: (416) 301-2949

Email: jackie@empiregroupir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, conducting exploration work on its projects, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly.

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, government regulations and policies, litigation, exchange rate fluctuations, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, decrease in the price of gold and other metals, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.


[1] Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).


[1] National Instrument 43-101 Technical Report on the Troy Canyon Project, Portage Minerals Inc., with an effective date of February 5, 2007 prepared by Jim Chapman, P.Geo. is located on SEDAR (www.sedar.com) under Portage Minerals Inc.’s profile.

NEW PLACER DOME GOLD CORP. DRILLS 61 METRES OF 0.74 G/T GOLD OXIDE INCLUDING 21 METRES AT 1.71 G/T AND 6.1 METRES OF 4.35 G/T GOLD OXIDE NEAR SURFACE AT SOUTH MINE FAULT – CONTINUES TO EXPAND MINERALIZATION AT DEPTH AT BOLO

News Release – Vancouver, British Columbia – October 20, 2020: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report the following additional analytical results from four reverse circulation (RC) drill holes completed at the Company’s Bolo Gold-Silver Project. The drill results have intersected significant oxide gold mineralization and expanded gold mineralization to depth. The South Mine Fault Zone remains open and has seven additional expansion drilling holes awaiting laboratory assay results. The Bolo Gold-Silver Project is located in a proven and prolific mining area within Nevada, USA.  

All five holes for which assays results have been received to date have encountered significant oxide gold mineralization (Table 1).  A total of 12 drill holes totaling 3,523 metres (11,560 feet) have been completed to date during 2020 at the Bolo Gold-Silver Project. The Company expects continued news flow over the coming weeks and months as assay results are received from the lab. 

  • Hole BL20-02 collared near the current southern extent of the South Mine Fault Zone intersected near surface high grade gold values grading 4.35 grams-per-tonne (g/t) gold (Au) over 6.1 metres, within a broader zone of mineralization averaging 1.38 g/t Au over 24.28 metres1 (Figure 1).
  • Hole BL20-03 collared within the north-central area of the South Mine Fault Zone area intersected an upper zone returning 0.24 g/t Au over 53.34 metres from surface and a lower zone averaging 0.74 g/t Au over 60.96 metres, including 1.71 g/t Au over 21.34 metres[1] (Figure 2). The hole successfully extended mineralization beneath 2019 drill hole BL19-01 which returned assays of 1.27 g/t Au over 83.8 metres[2].
  • Hole BL20-04 returned 7.62 metres averaging 0.32 g/t Au1 (Figure 3) and tested beneath 2019 drill hole BL19-02 that returned assays of 1.01 g/t Au over 85.3 metres2. The hole deviated steeply downward, likely within a fault zone.
  • Hole BL20-05 was designed to test interpreted south plunging continuity of South Mine Fault Zone gold mineralization and returned 0.54 g/t Au over 97.54 metres; including 0.72 g/t Au over 41.14 metres, and 1.52 g/t Au over 7.62 metres1. The [CB1] hole was lost due to faulted ground conditions and was still in mineralization averaging 0.84 g/t Au over 9.14 metres to a depth 176.78 metres1 (Figure 4). BL20-05 was drilled beneath 2019 drill hole BL19-06 that returned a modest mineralized intercept of 0.61 g/t Au over 16.8 metres[3]

The fact that the strength of mineralization is improving at depth on the BL19-06 / BL20-05 section is interpreted to reinforce New Placer Dome’s geological model of south plunging continuity of gold mineralization at the South Mine Fault Zone. 

Kris Raffle, P.Geo., and a director of the New Placer Dome comments, “With the release of these four additional RC drill holes we continue to expand the footprint of South Mine Fault Zone gold mineralization. Hole BL20-05, which demonstrates stronger mineralization at depth than intersected near surface by New Placer Dome during its 2019 drill campaign, reinforces opportunities for continued expansion of this developing Carlin-style oxide gold target.”

RC drilling at Bolo defines a 1.2 kilometer north-south trending corridor of gold-silver mineralization containing the South Mine Fault Zone, Uncle Sam, and Northeast Extension zones. Gold mineralization at Bolo exhibits characteristics of classic Carlin-type mineralization, including strong subvertical structural control in addition to evidence of gold mineralization extending laterally at low angles within favorable silty carbonate units. The relatively untested 500 m strike length of the South Mine Fault-Uncle Sam segment is particularly prospective and is the focus of New Placer Dome’s 2020 exploration program designed to delineate these compelling structural and stratigraphic gold targets.

Table 1. 2020 Bolo Gold-Silver Project RC Drilling – Significant Results

Hole IDReleasedFromToInterval (m)1Au (g/t)*0.2 cut-off CN Soluble Au Recovery (%)
(dip/azimuth)(m)(m)
BL20-0116-Sept-2020112.78150.8838.11.0879
(-63/266)
including137.16149.3512.191.7975
and170.69178.317.620.6857
BL20-02Current News Release13.7238.124.381.3885
(-60/316)
including21.3427.436.14.3581
BL20-03053.3453.340.2480
(-65/273)
including012.1912.190.6180
and71.63132.5960.960.7474
including71.6392.9621.341.7179
BL20-0482.389.927.620.3284
(-75/270)
BL20-0579.25176.7897.540.5466
(-50/270)
including79.25 86.87 7.621.5283
including100.58141.7341.150.7276
including167.64176.789.140.8431

*Intervals may include a small percentage of internal dilution up to 7.5 metres estimated true width below 0.1 g/t Au 

Figure 1. Bolo Gold Project BL20-02 Drill Section

Figure 2. Bolo Gold Project 2020 BL20-03 Drill Section

Figure 3. Bolo Gold Project BL20-05 Drill Section

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Global (ALS), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of New Placer Dome and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic absorption spectroscopy (AAS) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS geochemistry. For any samples assaying over 0.1 ppm gold an additional 30 gram cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS.

New Placer Dome follows industry standard procedures for the work carried out on the Bolo Gold-Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. New Placer Dome detected no significant QA/QC issues during review of the data. New Placer Dome is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. 

About New Placer Dome Gold Corp.

New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold projects in Nevada. New Placer Dome’s flagship Kinsley Mountain Gold Project, located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred resources containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)[4]. The Bolo Project, located 90 km northeast of Tonopah, Nevada, is another core asset, similarly hosting Carlin-style gold mineralization. New Placer Dome also holds an option to acquire 100% of the Troy Canyon Project, located 120 km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Bolo Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB and a Director of New Placer Dome, and Christopher Livingstone, P.Geo. (BC) Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Mr. Raffle and Mr. Livingstone verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. 

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information: 

Max Sali, Chief Executive Officer & Director
Tel: (604) 620-8406 
Email: msali@newplacerdome.com 

Karl Mansour, Paradox IR
Tel: (514) 341-0408
Email: karlmansour@paradox-pr.ca

Jackie Kelly, Empire Communications IR
Tel: (416) 301-2949
Email: jackie@empiregroupir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, conducting exploration work on its projects, receipt of further assays, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, government regulations and policies, litigation, exchange rate fluctuations, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, decrease in the price of gold and other metals, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 


[1] The true width of mineralization is estimated to be approximately 60-70% of drill width.

[2] See New Placer Dome news release dated October 28, 2019

[3] See New Placer Dome news release dated November 7, 2019

[4] Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).


 [CB1]Word(s) missing. Hole? Core? The ____ was lost…

NEW PLACER DOME GOLD CORP. PROVIDES KINSLEY AND BOLO PROJECT UPDATES; 32 HOLES AND OVER 12,000 METRES DRILLED IN NEVADA TO DATE

Vancouver, British Columbia – October 1, 2020: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to provide the following update with respect to its intensive 2020 four-rig reverse circulation (“RC”) and core drilling campaigns currently underway its flagship Kinsley Mountain and Bolo gold projects in Nevada.

To date, a total of 17 RC drill holes totaling 6,767 metres (22,200 feet) and five diamond core holes totaling 2,217 metres (7,274 feet) have been completed at Kinsley Mountain. At the Bolo Gold Project, 10 RC drill holes totaling 3,054 metres (10,020 feet) have been completed. During 2020 New Placer Dome has drilled a combined total of 32 RC and diamond core holes totaling over 12,000 metres (approximately 40,000 feet) from its Nevada gold projects

Sample preparation is complete and assay results are expected shortly from four Bolo gold project RC drill holes (BL20-02 through BL20-05) totaling 1,033 metres. A further 1,147 Bolo gold project samples from five RC drill holes (BL20-06 through BL20-10) totaling 1,542 metres will be shipped from Nevada this week to the ALS Geochemistry laboratory in North Vancouver. 

At the Kinsley Mountain project, 2,500 samples from nine RC drill holes (KMR20-004 through KMR20-009, and KMR20-015 through KMR20017) totaling 4,824 metres of drilling have recently arrived at the ALS Geochemistry laboratory in North Vancouver. These samples represent RC holes from the high-grade Western Flank Gold Zone and Kinsley Northwest Fault Big Bend areas (see New Placer Dome news release dated July 13, 2020) (Figure 1). 

With the continued drilling at the Kinsley Mountain and Bolo projects and subsequent assay results, New Placer Dome will continue to have significant activity through the remainder of 2020 and into the first quarter of 2021. Over 4,000 RC drill hole samples are either in-line for gold fire assay, landed at the ALS Geochemistry North Vancouver laboratory, or ready to be shipped to the laboratory from Nevada.

Figure 1. Kinsley Mountain RC Samples Awaiting Shipment to ALS Geochemistry in North Vancouver

Max Sali, CEO and founder commented, “Our technical team continues to be encouraged by the visual indications of mineralization intersected in RC chips and drill cores. With RC and core drilling now in full swing at Kinsley Mountain and Bolo, and over 12,000 metres drilled and 4,000 samples with assays pending or on their way to the lab, we eagerly anticipate the assay results and sustained news flow through Q4 2020 and beyond. On behalf of the board, I would like to commend our team for delivering New Placer Dome’s maiden work programs on time and on budget.”

About New Placer Dome Gold Corp.

New Placer Dome Gold Corp. is a gold exploration company focused on acquiring and advancing gold projects in Nevada. New Placer Dome’s flagship Kinsley Mountain Gold Project, located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts Carlin-style gold mineralization, previous run of mine heap leach production, and NI 43-101 indicated resources containing 418,000 ounces of gold grading 2.63 g/t Au (4.95 million tonnes) and inferred resources containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)[1]. The Bolo Project, located 90 km northeast of Tonopah, Nevada, is another core asset, similarly hosting Carlin-style gold mineralization. New Placer Dome also owns 100% of the Troy Canyon Project, located 120 km south of Ely, Nevada. New Placer Dome is run by a strong management and technical team consisting of capital market and mining professionals with the goal of maximizing value for shareholders through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. 

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of New Placer Dome and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein.  

On behalf of the Board of Directors,

/s/ “Max Sali”

Max Sali, Chief Executive Officer

Contact Information: 

Max Sali, Chief Executive Officer & Director

Tel: (604) 620-8406 

Email: msali@newplacerdome.com 

Karl Mansour, Paradox IR

Tel: (514) 341-0408

Email: karlmansour@paradox-pr.ca

Jackie Kelly, Empire Communications IR

Tel: (416) 301-2949

Email: jackie@empiregroupir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information 

This news release includes certain statements that constitute “forward-looking information or statements” within the meaning of applicable securities law, including without limitation, conducting exploration work on its projects, receipt of assays, other statements relating to the technical, financial and business prospects of the Company and its properties, and other matters.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. 

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: (i) risks related to gold and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive necessary licences and permits;  (vi) that environmental laws and regulations may become more onerous;  (vii) that the Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); (xv) risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and business strategy. These risks, as well as others, could cause actual results and events to vary significantly. 

Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, government regulations and policies, litigation, exchange rate fluctuations, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, decrease in the price of gold and other metals, failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. 


[1] Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).