New Placer Dome Gold Corp. Geophysical Surveys Yield Additional Chargeability Anomalies at Kinsley Mountain Gold Project & Updates on Private Placement Financing

VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / New Placer Dome Gold Corp. (“New Placer Dome” or the “Company“) (TSXV:NGLD)(OTCQB:NPDCF)(FSE:BM5) is pleased to report the initial induced polarization (IP) / resistivity geophysical surveys results from its flagship Kinsley Mountain Gold Project (“Kinsley Mountain“) in Nevada.

Kinsley Mountain is located 90 km south of the Long Canyon Mine1, operated by the Newmont/Barrick Joint Venture, Nevada Gold Mines. It hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone (WFZ) of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)1.

IP/Resistivity surveys are currently underway to infill between the WFZ and Shale Saddle survey grids completed during Q4 of 2020. The 2020 surveys revealed a correlation between enhanced chargeability and drill confirmed high grade gold sulphide mineralization at the WFZ. At Shale Saddle, drill hole KMR20-035, drilled prior to the 2020 survey, intersected anomalous gold values on the periphery of a large untested chargeability anomaly.

The 2021 geophysical surveys are progressing northwest from Shale Saddle towards the high-grade WFZ resource (Figure 1). Two northeast-southwest oriented infill lines have been completed to date. Both lines detected significant chargeability anomalies coincident with modelled Secret Canyon shale rocks, the main host of high-grade sulphide gold mineralization at the WFZ and Secret Spot. The Company’s 2020 drilling yielded high-grade gold sulphide intercepts from the Secret Canyon shale including: 10.2 g/t gold (Au) over 6.1 metres within a broader zone averaging 2.63 g/t Au over 38.1 metres in KMR20-017 at the WFZ; and 11.3 g/t Au over 2.9 m within a broader zone grading 3.81 g/t Au over 11.6 m in KMD20-006 at Secret Spot2. Significantly, the two holes are separated by a 1.5-kilometer expanse of largely untested Secret Canyon stratigraphy.

The new chargeability anomalies occur within an area untested by previous drilling and represent at least three new potential drill targets. Together with anomalies identified by the 2020 survey, a broad north-south trending zone of elevated chargeability is emerging, increasing in both size and amplitude to the north. Only 10% of the 2021 IP/Resistivity survey is complete, totaling 8 line-km. An additional 72 line-km are planned, covering a total area of 25 square km of undrilled target host rocks.

Max Sali, CEO and founder of New Placer Dome commented, “The 2020 geophysical surveys successfully demonstrated that IP/Resistivity surveys are a powerful exploration tool capable of unlocking potential targets undetected by previous methods. The discovery of additional high quality chargeability targets on the first two lines of the 2021 survey further reinforces our belief that additional undiscovered zones of high-grade gold mineralization exist within underexplored areas at Kinsley. With the survey only 10% complete, we look forward to receiving additional results as we move forward with completing the financing and generating drill targets for the upcoming Kinsley core and RC drilling program. We continue to collect allocations on the private placement financing on a daily basis despite market conditions and continue to work on the Kinsley project and appreciate the support from insiders of Liberty Gold and funds that continue to support.”

Figure 1. Kinsley Mountain IP/Resistivity Chargeability Inversions

Private Placement & Kinsley Option Agreement

Further to the Company’s news release dated September 14, 2021, the Company intends to close the private placement and the amended Kinsley Option Agreement with Liberty Gold Corp. (TSXV: LGD) on or before October 22, 2021. The private placement and the amended Kinsley Option Agreement are subject to approval by the TSX Venture Exchange.

Upon the closing of a minimum of $4,000,000 pursuant to the private placement and the issuance of common shares pursuant to the amended Kinsley Option Agreement, Liberty Gold Corp. would own approximately 18% of the issued and outstanding common shares of New Placer Dome on an undiluted basis.

Methodology and QA/QC

Two IP/resistivity lines have been completed to date during 2021 infilling the area between the WFZ and Shale Saddle target. The lines are spaced 150 metres apart, each with a line length of 4 kilometres. Data were collected using the Direct Current Resistivity, Induced Polarization (“DCIP”) method, on a 16-channel pole-dipole array with a dipole size (a-spacing) of 100 metres. A GDD GRx16 receiver and GDD 5000W-2400V-20A IP Tx model Tx4 transmitter was used. Raw data were loaded into GDD IP Post-Process software and Geosoft Oasis Montaj software for quality control and review. The reviewed data were used to produce pseudo section plots of apparent resistivity and apparent chargeability and were the input for the inversion. Inversions were completed using the UBC-GIF DCIP2D inversion codes. Each line of data was inverted independently. The resistivity and IP inversion is a two-step process. The resistivity inversion is run first, and this model is used in the chargeability inversion. Multiple inversions were completed for quality control.

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, Nevada Gold Mines), 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)3. 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 markets 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

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.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Securities referred to in this press release may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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, the completion of the Private Placement, completion of the amendments of the Kinsley Option Agreement with Liberty Gold, completion of the geophysical survey program and subsequent drilling and the expected outcomes and results, 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 statements 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. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.SEDAR.com including the annual information form for the year ended June 30, 2020, filed on May 26, 2021.

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 and climate 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.

1Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021, with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com). Long Canyon Mine is not necessarily indicative of mineralization within New Placer Dome Properties.

2See New Placer Dome news releases dated January 11, and April 29, 2021. True width of mineralized intervals is interpreted to be between 60-90% of the reported lengths.

3Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com). Long Canyon Mine is not necessarily indicative of mineralization within New Placer Dome Properties.

SOURCE: New Placer Dome Gold Corp.

New Placer Dome Gold Corp. Outlines 2021 Gold Resource Expansion and New Discovery Program

  • DRILLING AND EXPANDED GEOPHYSICAL SURVEYS PLANNED FOR KINSLEY MOUNTAIN GOLD PROJECT, NEVADA
  • RECEIPT FOR FINAL BASE SHELF PROSPECTUS

VANCOUVER, BC, July 20, 2021 /CNW/ – New Placer Dome Gold Corp. (“New Placer Dome” or the “Company“) (TSX-V: NGLD) (OTCQB: NPDCF) (FSE: BM5) is pleased to announce plans for the 2021 resource expansion and new discovery program at its flagship Kinsley Mountain Gold Project (“Kinsley Mountain“) in Nevada. Building on its successful 2020 campaign, the 2021 Kinsley Mountain exploration program will, subject to the Company raising sufficient funds, comprise resource expansion and new target drilling on three new discoveries, and a significantly expanded program of IP/resistivity geophysical surveys. 

Kinsley Mountain is located 90 km south of the Long Canyon Mine1, operated by Nevada Gold Mines. It hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone (WFZ) of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)1

The 2020 Kinsley Mountain reverse circulation (RC) and diamond drill campaign comprised 49 drill holes totaling 17,970 metres and tested five targets within the greater Resource area (Figure 1). To date, only 20% of Kinsley Mountain has been drill tested. Exploration drilling during 2021 is expected to build on new discoveries and expand the current indicated and inferred resource at the Western Flank Zone, Main Pit North Oxide and Secret Spot targets (Figure 2).

Highlights of the 2020 Kinsley Drilling include2:

Western Flank – West side resource expansion drilling yields

  • 10.22 g/t gold over 6.1 metres within a broader zone grading
    2.63 g/t Au (sulphide) over 38.10 metres in KMR20-017

Western Flank – Central yields second highest-grade Dunderberg shale intercept

  • 15.1 g/t Au (sulphide) over 7.6 metres, including 24.1 g/t Au (sulphide) over 4.6 metres lower zone,
  • 9.08 g/t Au (sulphide) over 6.1 metres upper zone in KMR20-026

Main Pit North Oxide Target yields high-grade intercepts 75 m outside current pit shell

  • 9.83 g/t gold over 7.6 metres high grade shallow oxide

Secret Spot Target surface oxide New Discovery multiple intercepts including

  • 1.77 g/t gold over 25.3 metres in new surface oxide discovery in KMD20-007B
  • 3.81 g/t gold over 11.6 metres; including 11.3 g/t gold over 2.9 metres in KMD20-006

IP/resistivity geophysical surveys competed during 2020 at the WFZ and Shale Saddle target areas show a correlation between chargeability and drill confirmed high grade gold sulphide mineralization. Expanded infill IP/resistivity geophysical surveys for 2021 will extend south to the Secret Spot target and north to frontier areas of the under-explored Kinsley North. At Kinsley North detailed soil geochemical surveys reveal broad arsenic in soil anomalies coincident with north-trending normal and low angle detachment faults coincident with the prospective Pogonip-Notch Peak contact (the same host horizon as Long Canyon1) and Dunderberg shale rocks at depth cut by late northwest trending structures that are important gold mineralization hosts within the Kinsley resource area.

1Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com). Long Canyon Mine is not necessarily indicative of mineralization within New Placer Dome Properties.
2True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths.

Key Points for 2021 Kinsley Mountain Program:

  • Continued resource definition and exploration drilling on 3 priority targets;
  • Western Flank Zone – Resource expansion drilling that is open to the west and east, and testing new near-resource targets generated by recent IP/resistivity survey results;
  • Secret Spot – Mapping and drilling to define the new surface oxide gold discovery;
  • Secret Spot – Deep drilling targeting Transverse fault / Secret Canyon shale intersection following up on highest assay results to date at Secret Spot >10 g/t Au returned during 2020 campaign;
  • Main Pit North high-grade oxide discovery continued shallow RC drilling to further delineate near pit mineralization at <150m vertical depths; and
  • Expanded IP/resistivity geophysical surveys to cover the Secret Spot target and under-explored Kinsley North targets, in addition to drill testing of Shale Saddle IP anomaly.

Max Sali, CEO and founder of New Placer Dome commented, “Building off the outstanding success of our 2020 exploration campaign we plan to expand the use of IP/resistivity geophysical surveys as a proven gold vectoring tool that has potential to contribute to new discoveries within the Kinsley Mountain Gold Project.  Subject to raising sufficient funds, during 2021, we also expect to sharpen our focus on our three main new discovery areas at the WFZ, Main Pit North Oxide, and Secret Spot targets to drive resource expansion and discovery.”

Figure 2. Kinsley Mountain 2021 Exploration Plan (CNW Group/New Placer Dome Gold Corp.)
Methodology and QA/QC

Assaying was performed by ALS Global (ALS), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of New Placer Dome and the QP. RC drill samples were subject to crushing to 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 30-gram fire-assay (FA) analysis with atomic absorption spectroscopy (AAS) finish, in addition to 51 element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject leach analysis 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 Kinsley Mountain Gold 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. 

Final Base Shelf Prospectus

The Company has filed, and received receipt for, a final short form base shelf prospectus (the “Base Shelf Prospectus“) with securities regulatory authorities in each of the provinces of Canada, other than Quebec.

The Base Shelf Prospectus allows the Company to qualify the distribution by way of prospectus of up to $20 million of common shares, debt securities, subscription receipts, warrants and units (all of the foregoing, collectively, the “Securities“) or any combination thereof, during the 25-month period that the Base Shelf Prospectus remains effective. The specific terms of any offering of Securities will be set forth in a prospectus supplement to the Base Shelf Prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

The Base Shelf Prospectus was filed to provide the Company with financial flexibility and efficient access to capital markets to pursue its growth initiatives, which include an exploration program at Kinsley Mountain. The net proceeds from any offerings under the Base Shelf Prospectus will be used as specified in the corresponding prospectus supplement, which could include for general corporate purposes, to complete an exploration program on Kinsley Mountain, and any required payments to Liberty Gold Corp. (“Liberty Gold“) pursuant to a purchase option agreement dated November 29, 2019, between the Company and Liberty Gold, as amended (the “Kinsley Option Agreement“). In connection with its first prospectus supplement to be filed under the Base Shelf Prospectus, the Company has undertaken with the applicable securities regulatory authorities  to: (i) raise aggregate gross proceeds in the minimum amount of Cdn$7,250,000 (the “Minimum Proceeds“), provided, however, that in the event the Company executes an amendment of the Kinsley Option Agreement with Liberty Gold prior to the filing of the first prospectus supplement which reduces the amount due under the first anniversary payment as of the date of Base Shelf Prospectus, the amount of Minimum Proceeds raised by the Company in connection with the first prospectus supplement may be reduced by a dollar amount equal to such reduction; (ii) ensure such proceeds, determined at the time of filing of the first prospectus supplement, will be sufficient to satisfy its short term liquidity requirements and to achieve its short term business objectives and liquidity requirements (as more particular described under the section entitled “Use of Proceeds” in the Base Shelf Prospectus); and (iii) withdraw the Base Shelf Prospectus if the Company is unable to raise the Minimum Proceeds by way of prospectus financing under the Base Shelf Prospectus within 45 days of the date on which the final receipt is issued.

The terms of such future offerings, if any, will be established at the time of such offerings. At the time any of the Securities covered by the Base Shelf Prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities regulatory authorities.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

A copy of the Base Shelf Prospectus can be found on SEDAR at www.sedar.com.

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, Nevada Gold Mines), 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)3. 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 markets 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.


3 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com). Long Canyon Mine is not necessarily indicative of mineralization within New Placer Dome Properties.

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

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.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Securities referred to in this press release may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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, the filing of any prospectus supplement filed in connection with the Base Shelf Prospectus, the potential issuance of Securities of the Company, the use of proceeds from such offering of securities of the Company, additional drilling and geophysical surveys planned in 2021, potential for resource growth/expansion, 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; * 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. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com.

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.

NEW PLACER DOME GOLD CORP. DEFINES MULTIPLE IP/RESISTIVITY ANOMALIES, AND PLANS EXPANDED 2021 GEOPHYSICAL SURVEYS FOR KINSLEY MOUNTAIN GOLD PROJECT, NEVADA

MULTIPLE HIGH GRADE GOLD DRILL INTERCEPTS COINCIDENT WITH CHARGEABILTY ANOMALIES INDENTIFIED AT WESTERN FLANK ZONE AND SHALE SADDLE TARGETS

News Release – Vancouver, British Columbia – May 17, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report the results of a 19 line-kilometre induced polarization (IP) / resistivity ground geophysical survey completed during late 2020 at its flagship Kinsley Mountain Gold Project (“Kinsley Mountain”) in Nevada. The results of the IP/resistivity survey reveal high grade gold mineralization at the Western Flank Zone is associated with changeability anomalies along the Kinsley Northwest / Mine (KNW) fault zone. Multiple chargeability anomalies have been identified at the high grade Western Flank Zone and Shale Saddle target that warrant expansion of the IP geophysical grid and follow-up drill testing. 

Kinsley Mountain is located 90 km south of the Long Canyon Mine, operated by Nevada Gold Mines. It hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone (WFZ) of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)[1]The 2020 IP / Resistivity survey successfully identified the deposit and shows the target is open for extension laterally in undrilled ground.

The 2020 Kinsley Mountain reverse circulation and diamond drill campaign comprised 49 drill holes totaling 17,970 metres and tested five targets within the greater Resource area. To date, only 20% of Kinsley Mountain has been drill tested. Exploration drilling planned for 2021 is expected to build on several new discoveries and also expand the current indicated and inferred resource at the Western Flank Zone, Main Pit North Oxide and Secret Spot targets.

In 2020 New Placer Dome conducted a review of historical geophysical surveys at Kinsley Mountain and noted chargeability anomalies coincident with high grade gold mineralization at the Western Flank Zone within a single 2015 IP/resistivity orientation survey line. Subsequent electrical property measurements of WFZ Secret Canyon shale-hosted high grade gold mineralization, and surrounding shale in drill core confirmed an apparent chargeability contrast between mineralized and un-mineralized Secret Canyon shale rocks at Kinsley Mountain.

New Placer Dome commissioned an expanded program of IP/resistivity over the WFZ resource and high-priority Shale Saddle target areas and has confirmed a correlation between the geophysical survey results and historically drill confirmed high grade gold in associations with sulphide mineralization.The 2020 IP/resistivity comprised a total of 19 line-kilometres over nine lines; including 5 lines at WFZ and 4 lines at the Shale Saddle target (Figure 1). 2020 drill hole KMR20-035 is located on the margin of a larger untested chargeability anomaly that also warrants follow-up drill testing (Figure 2).

Max Sali, CEO and founder of New Placer Dome commented, “With the release of the 2020 IP/resistivity survey results we are extremely pleased to have identified a new gold vectoring tool that has potential to contribute to new discoveries within the Kinsley Mountain Gold Project.  During 2021, we look forward to expanded geophysical surveys and drilling to build on multiple new discoveries made during 2020 and increase the current indicated and inferred resource at the Western Flank Zone, Main Pit North Oxide and Secret Spot targets.”

Key Points:

  • High grade shale-hosted gold mineralization at Western Flank Zone exhibits an apparent changeability contrast with un-mineralized shales representing an important new gold mineralization vector at Kinsley Mountain
  • IP/resistivity surveys have defined multiple untested chargeability anomalies at the Western Flank Zone and Shale Saddle target that warrant follow-up drill testing
  • Expanded IP/resistivity surveys are warranted to the south to cover the Secret Spot oxide and high-grade sulphide new discovery

Figure 2. Western Flank Zone IP Chargeability Section L450E

Figure 3. Shale Saddle Target IP Chargeability Section L6600N

Methodology and QA/QC

Two IP/resistivity grids were completed during 2020 covering the WFZ and Shale Saddle target area. Five lines spaced 150 metres apart were completed at Western Flank and four lines spaced 150 metres apart were completed at Shale Saddle. Line lengths ranged from 1,300 metres to 2,300 metres. Data were collected using the Direct Current Resistivity, Induced Polarization (“DCIP”) method, on a 16-channel pole-dipole array with a dipole size (a-spacing) of 100 m. A GDD GRx16 receiver and GDD 5000W-2400V-20A IP Tx model Tx4 transmitter was used. Raw data were loaded into Geosoft Oasis Montaj software for quality control and review. The reviewed data were used to produce pseudo section plots of apparent resistivity and apparent chargeability and were the input for the inversion. Inversions were completed using the UBC-GIF DCIP2D inversion codes. Each line of data was inverted independently. The resistivity and IP inversion is a two-step process. The resistivity inversion is run first, and this model is used in the chargeability inversion. Multiple inversions were completed for quality control.

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, Nevada Gold Mines), 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)[2]. 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 markets 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

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, additional drilling and geophysical surveys planned in 2021, potential for resource growth/expansion, 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).

[2] 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).

NEW PLACER DOME GOLD CORP. CONFIRMS SECRET SPOT DISCOVERY INTERCEPTING 1.77 G/T GOLD OXIDE OVER 25.3 METRES AND 3.81 G/T GOLD SULPHIDE OVER 11.6 METRES; INCLUDING 11.3 G/T GOLD OVER 2.9 METRES AT THE KINSLEY MOUNTAIN GOLD PROJECT, NEVADA

Multiple mineralized intercepts confirmed in all three secret spot drill holes

News Release – Vancouver, British Columbia – April 29, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report the assay results for the final thirteen drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project (“Kinsley Mountain”) in Nevada. Drilling at the Secret Spot has yielded a new discovery of near-surface Dunderberg shale hosted oxide gold mineralization, in addition to a new deeper Secret Canyon shale hosted high-grade sulphide gold intercept.

Three new gold discoveries were confirmed at Kinsley during the 2020 drill season: at Secret Spot, Western Flank Extension, and the Main Pit North oxide targets.

Kinsley Mountain is located 90 km south of the Long Canyon Mine, operated by Nevada Gold Mines. It hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)[1].

The recently completed 2020 Kinsley Mountain reverse circulation and diamond drill campaign comprised 49 drill holes totaling 17,970 metres (39 RC holes for 13,610 metres, and 10 diamond drill holes for 4,360 metres), and tested five target areas within the greater Resource area. To date, only 20% of Kinsley Mountain has been drill tested, with current results warranting further drilling to build on multiple new discoveries and increase the current indicated and inferred resource at the Western Flank Zone, Main Pit North Oxide and Secret Spot targets.

Diamond drill hole KMD20-006 testing across the Transverse fault intersected a total of four separate mineralized intervals, including multiple oxide gold zones from surface within Dunderberg shale, in addition to the highest-grade interval to date within the Secret Canyon shale at Secret Spot. 

Max Sali, CEO and founder of New Placer Dome commented, “With the release of final assay results from our highly successful 2020 Kinsley Mountain drill campaign we now look forward finalizing plans for our follow-up 2021 resource expansion and delineation drill program targeting our three new discovery zones at the Western Flank, Secret Spot, and Main Pit North oxide targets. We now have multiple options for resource expansion and discovery across multiple stratigraphic horizons including near surface high-grade oxide at the Secret Spot and Main Pit North targets; in addition to deep high-grade sulphide[2] at the Western Flank Zone and Secret Spot target.”

Highlights include:

  • 1.76 grams-per-tonne gold (“g/t Au”) (oxide) over 18.9 metres (“m”) from surface; including 4.46 g/t Au (oxide) over 6.1 m in KMD20-006 at Secret Spot (Figure 1, and Table 1)
  • 3.81 g/t Au (sulphide) over 11.6 m from; including 11.3 g/t Au (sulphide) over 2.9 m in KMD20-006 at Secret Spot (Figure 2)
  • 1.77 g/t Au gold (oxide) over 25.3 m; including 2.75 g/t Au over 10.1 m in KMD20-07B at Secret Spot (Figure 1)
  • 0.79 g/t Au (oxide) over 39.8 m in KMD20-008 at Secret Spot (Figure 1)
  • 0.53 g/t Au (sulphide) over 19.8 m in KMD20-003 at the Western Flank Zone (Figure 3)
Figure 1. Secret Spot Target Drill Plan KMD20-006 / KMD20-007B / KMD20-08
  • 0.64 g/t Au (oxide) over 10.7 m in KMR20-029 at the Main Pit North shallow oxide target (Figure 4)

Key Points:

  • New Discovery at Secret Spot includes multiple at or near surface Dunderberg shale-hosted oxide gold drill intercepts that warrant immediate follow-up drilling
  • Secret Canyon shale gold (sulphide) intercepts within KMD20-006 represent the highest-grade interval to date at Secret Spot; illustrating the potential of the Secret Spot target to yield high grade gold mineralization similar in tenor to the Western Flank Zone resource located 1.5 kilometres to the north
  • At Western Flank, discovery of a broad zone of within-pit Hamburg limestone-hosted gold (sulphide) mineralization within drill hole KMD20-003 on the southeast margin of the resource is open to expansion in all directions

Table 1. Kinsley Mountain Gold Project 2020 Significant Drill Intercepts

*True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths.
*Drill composites were calculated using a minimum cut-off of 0.20 g/t gold.
**“Sulphide” defined as CN soluble gold recovery of <50% 

Drill hole KMD20-001 (-70/060), KMD20-002 (-72/037), KMD20-004 (-78/083), and KMD20-005 (-80/083) targeting the Western Flank Extension did not intersect significant mineralization. Drill hole holes KMR20-035 (-80/122), KMR20-036 (-85/020), and KMR20-037 (-82/250) targeting the Transverse fault at Shale Saddle also did not intersect significant mineralization (Figure 5).

Figure 2. Secret Spot Secret Canyon Shale Drill Section KMD20-006
Figure 3. Western Flank Zone Drill Section KMD20-003
Figure 4. Main Pit North Oxide Target Drill Section KMR20-029
Figure 5. Kinsley Mountain Gold Project 2020 Drill Hole Results Overview

Methodology and QA/QC

Assaying was performed by ALS Global (ALS), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of New Placer Dome and the QP. RC drill samples were subject to crushing to 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 30-gram fire-assay (FA) analysis with atomic absorption spectroscopy (AAS) finish, in addition to 51 element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject leach analysis 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 Kinsley Mountain Gold 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, Nevada Gold Mines), 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 markets 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

David Gdanski, Empire Communications IR

Tel: 778 903 7325

Email: david@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, additional drilling plans in 2021, potential for resource growth/expansion, 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).

[2] Metallurgical testing indicates Western Flank Zone Secret Canyon sulphide is not carbon refractory or silica encapsulated. Flotation plus leached tails processing of Secret Canyon sulphide yielded 89-95% gold recovery, at 98.6-312 g/t gold concentrate grade.

NEW PLACER DOME GOLD CORP. DRILLS 9.83 G/T GOLD OXIDE OVER 7.6 METRES AND 2.13 G/T GOLD OXIDE OVER 9.1 METRES AT THE KINSLEY MOUNTAIN GOLD PROJECT, NEVADA

NEW DRILLING INTERSECTS GOLD MINERALIZATION 75 METRES OUTSIDE RESOURCE PIT SHELL AT MAIN PIT NORTH OXIDE GOLD TARGET

News Release – Vancouver, British Columbia – April 6, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report the following assay results for an additional fourteen reverse circulation (“RC”) drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project (“Kinsley Mountain”) in Nevada. Drilling at the Kinsley Main Pit North target has yielded high-grade near surface oxide-gold intercepts. Two separate zones now confirm new high-grade gold intercepts. The Company awaits additional drill results from Main Pit North target; and high-priority Secret Spot and Shale Saddle targets.

Kinsley Mountain is located 90 km south of the Long Canyon Mine, operated by Nevada Gold Mines. It hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)[1].

The recently completed 2020 Kinsley Mountain RC and diamond drill campaign comprised 49 drill holes totaling 17,970 metres(39 RC holes for 13,610 metres, and 10 diamond drill holes for 4,360 metres), and tested five target areas within the greater Resource area. Assay results from 13 holes are still pending, including all core holes. To date, only 20% of Kinsley Mountain has been drill tested, with current results warranting further immediate drilling planned in 2021 to build on multiple new discoveries and increase the current indicated and inferred resource.

RC drill hole KMR20-030 testing the Main Pit North area intersected high-grade oxide gold approximately 200 metres down-dip from the Main heap-leach open pit that historically exploited high grade Dunderberg shale hosted oxide gold at surface. The KMR20-030 intercept occurs 75 metres outside the current resource pit shell providing opportunities for near pit resource expansion during 2021.

Max Sali, CEO and founder of New Placer Dome commented, “The Kinsley Mountain Project is well-known for its high-grade Western Flank Zone with its flotation amenable[2], sulphide gold mineral resource. However, we have not lost sight of the potential for discovery of relatively shallow oxide gold at Kinsley. Last year, the New Placer Dome technical team recognized the potential of high-grade oxide gold values intersected within a limited number of drill holes adjacent to the historical heap-leach oxide Main Pit. We targeted the area with a modest campaign of ten RC drill holes totaling 1,500 m. The exceptional results released today point the way to future drilling to target these exceptionally high-grade oxide gold mineralization zones.” 

Highlights include:

  • 2.88 grams-per-tonne gold (“g/t Au”) (oxide) over 36.6 metres (“m”); including 9.83 g/t Au (oxide) over 7.6 m in KMR20-030 (Figure 1, and Table 1)
  • 1.05 g/t Au gold (oxide) over 24.4 m; including 2.13 g/t Au over 9.1 m in KMR20-022 (Figure 2) 
  • 4.83 g/t Au (oxide) over 3.0 m; and 0.40 g/t Au (oxide) over 27.4 m in KMR20-23B (Figure 2)
  • 1.20 g/t Au (sulphide) over 32.0 m; including 5.81 g/t Au over 3.1 m from a depth of 35.1 m in KMR20-027 at the KNW-Sulphide Fault target (Figure 3)

Key Points:

  • Gold mineralization occurs within Dunderberg shale and underlying Hamburg limestone at or near the contact over a 30 m stratigraphic interval, at vertical depths of less than 120 m 
  • High-grade oxide gold values appear to occur preferentially within a limited number of inclined drill holes suggesting there is a component of steep structural control of mineralization not previously recognized
  • The current drill results have the potential to expand mineral resources through discovery of new zones of high-grade oxide gold mineralization close to current resource pit shells. New Pacer Dome plans an expanded 2021 drill campaign at the Main Pit North area. 

Figure 1. Main Pit North Oxide Target 030 Az. Drill Section 
KMR20-030 / KMR20-028

Table 1. Kinsley Mountain Gold Project 2020 Significant Drill Intercepts

*True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths. 

*Drill composites were calculated using a minimum cut-off of 0.20 g/t gold. 

**“Sulphide” defined as CN soluble gold recovery of <50% 

Drill hole KMR20-001 (-70/060), collared at the east side of the Western Flank Zone, did not intersect significant mineralization. Drill hole holes KMR20-020 (-65/010), KMR20-024 (-69/180), and KMR20-025 (-67/150) collared on the west and east sides of the Main Pit North oxide target; and drill holes KMR20-018 (-69/292) and KMR20-019 (-79/311) drilled in the KWN-Sulphide Fault area, did not intersect significant mineralization (Figure 4).

Figure 2. Main Pit North Oxide Target North-South Drill Section 
KMR20-021 / KMR20-022 KMR20-023B

Figure 3. KNW-Sulphide Fault Area Drill Section KMR20-027 

Figure 4. Kinsley Mountain Gold Project 2020 Drill Holes and Pending Status

Methodology and QA/QC

Assaying was performed by ALS Global (ALS), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of New Placer Dome and the QP. RC drill samples were subject to crushing to 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 30-gram fire-assay (FA) analysis with atomic absorption spectroscopy (AAS) finish, in addition to 51 element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject leach analysis 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 Kinsley Mountain Gold 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, Nevada Gold Mines), 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)[3]. 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 markets 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

David Gdanski, Empire Communications IR

Tel: 778 903 7325

Email: david@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, receipt of additional assays, potential for resource growth/expansion, 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).

[2]Metallurgical testing indicates Western Flank Zone Secret Canyon sulphide is not carbon refractory or silica encapsulated. Flotation plus leached tails processing of Secret Canyon sulphide yielded 89-95% gold recovery, at 98.6-312 g/t gold concentrate grade.

[3] 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).

NEW PLACER DOME GOLD CORP. DRILLS 24.1 G/T GOLD OVER 4.6 METRES AT THE KINSLEY MOUNTAIN GOLD PROJECT, NEVADA

New Drilling Expands Gold Mineralization at Western Flank

News Release – Vancouver, British Columbia – March 23, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report assay results for an additional ten reverse circulation (“RC”) drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project (“Kinsley Mountain”) in Nevada. Drilling at the Western Flank Zone has again yielded significant gold intercepts at Kinsley Mountain.

Kinsley Mountain is located 90 km south of the Long Canyon Mine, operated by Nevada Gold Mines. It hosts Carlin-style gold mineralization under and adjacent to a historical open-pit, run-of-mine heap leach operation, and hosts an Indicated Resource at the Western Flank Zone of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)[1].

The recently completed 2020 Kinsley Mountain RC and diamond drill campaign comprised 49 drill holes totaling 17,970 metres (39 RC holes for 13,610 metres, and 10 diamond drill holes for 4,360 metres), and tested five target areas within the greater Resource area (Figure 1). Assay results from 27 holes are still pending, including all core holes. Drill holes were selected to test extensions to existing resource areas as well as undrilled, high conviction targets.   

Highlights include:

  • 15.1 grams per tonne gold (“g/t Au”) (sulphide[2]) over 7.6 metres (“m”), including 24.1 g/t Au (sulphide) over 4.6 m in KMR20-026 lower zone; and 9.08 g/t Au (sulphide) over 6.1 m in KMR20-026 upper zone (Figure 2, and Table 1)
  • 2.51 g/t Au (sulphide) over 15.2 m; including 4.16 g/t Au (sulphide) over 6.1 m in KMR20-003
  • 1.78 g/t Au (oxide) over 39.6 m; including 3.63 g/t Au (oxide) over 13.7 m in KMR20-002

Max Sali, CEO and founder of New Placer Dome commented, “Once again our Western Flank zone step-out drill holes have yielded exceptionally high-grade gold intercepts, reinforcing our belief that significant opportunities remain to expand the existing mineral resource at Kinsley Mountain. Importantly, the high-grade gold intercepts in KMR20-026 lie within the existing pit shell and are 100-200 metres shallower than bulk of the Western Flank zone mineral resource and is a new high-grade discovery open to the northwest. These results, in addition to those previously reported for nearby drill holes KMR20-008, and KMR20-004 from the emerging Western Flank Extension target, demonstrate the potential for additional mineralization in areas to the west and east of the high-grade Western Flank zone. We expect to release additional RC drill hole results for our Kinsley Main Pit North shallow oxide target area imminently.”

Key Points:

  • The upper interval in KMR20-026 is hosted in Dunderberg Shale and is the second highest-grade Western Flank zone Dunderberg shale intercept drilled to date, and is 200 m shallower than the bulk of the Western Flank zone Resource, demonstrating high-grade near-surface resource expansion potential.
  • The lower interval in KMR20-026 (24.1 g/t Au over 4.6 m) is the highest-grade drill interval from the top of the Secret Canyon shale to date on the Kinsley Mountain Project, with individual assays among the top 40 of the over 1,400 holes drilled on the Project. 
  • High-grade gold mineralization in KMR20-026 is open to the northwest and warrants an aggressive program of follow-up drilling.
Figure 1. Western Flank Zone Drill Section KMR20-026 / KMR20-002 / KMR20-003
Table 1. Kinsley Mountain Gold Project 2020 Significant Drill Intercepts

*True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths.

*Drill composites were calculated using a minimum cut-off of 0.20 g/t gold.

**“Sulphide” defined as CN soluble gold recovery of <50% 

Drill hole KMR20-002 deviated from planned towards KMR20-016 (previously reported) replicating that intercept. Drill holes KMR20-010 (-80/128), KMR20-013 (-84/356), and KMR20-014 (-60/295) collared on the northern margin of the Western Flank zone did not intersect significant mineralization.  Shale Saddle target exploration holes KMR20-011B (-80/038), KMR20-012 (-76/220), KMR20-031 (-82/033), and KMR20-034 (-68/202), intersected the target Secret Canyon Shale and anomalous arsenic (a Carlin gold pathfinder element) throughout, but did not return significant gold intercepts (Figure 2).

Figure 2. Kinsley Mountain Gold Project 2020 Drill Holes and Pending Status

Methodology and QA/QC

Assaying was performed by ALS Global (ALS), Vancouver Canada. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited analytical laboratory that is independent of New Placer Dome and the QP. RC drill samples were subject to crushing to 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 30-gram fire-assay (FA) analysis with atomic absorption spectroscopy (AAS) finish, in addition to 51 element ICP-MS. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning great than 0.1 g/t Au are also subject leach analysis 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 Kinsley Mountain Gold 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)[3]. 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 markets 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

David Gdanski, Empire Communications IR

Tel: (778) 903-7325

Email: david@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, receipt of additional assays, potential for resource growth/expansion, 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).

[2]Initial metallurgical testing indicates Western Flank Zone Secret Canyon sulphide mineralization is not carbon refractory or silica encapsulated. Flotation plus leached tails processing of Secret Canyon sulphide yielded 89-95% gold recovery, at 98.6-312 g/t gold concentrate grade (refer to current Technical Report above for details).

[3] 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).

NEW PLACER DOME GOLD CORP. DRILLS 25.9 METRES OF 0.92 G/T GOLD OXIDE, WITHIN A BROADER ZONE OF 97.5 METRES AVERAGING 0.41 G/T AT ITS BOLO GOLD-SILVER PROJECT, NEVADA

News Release – Vancouver, British Columbia – February 1, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report additional analytical results from five reverse circulation (“RC”) drill holes completed at the Company’s Bolo Gold-Silver Project. The second batch of holes intersected significant oxide gold and extended mineralization at depth in the South Mine Fault Zone, which remains open for expansion. The remaining four holes from the 2020 RC drill program are at ALS laboratories in North Vancouver awaiting prep and fire assays. The Bolo Gold-Silver Project is in a proven and prolific mining area within Nevada, USA.

The Bolo RC drill campaign, completed in November 2020, comprised 14 drill holes totaling 4,159 metres (13,645 feet). Seven of the ten holes for which assay results have been received to date have encountered significant oxide gold mineralization (Table 1). Laboratory assay results from four additional expansion drill holes are still pending.

  • Hole BL20-06 was designed to test the down-dip and south plunging continuity of South Mine Fault Zone gold mineralization at depth. The hole intersected 25.91 metres grading 0.92 grams-per-tonne (g/t) gold (Au), within a broader zone of mineralization averaging 0.41 g/t Au over 97.54 metres[1] (Figure 1). The hole successfully extended mineralization approximately 65 metres vertically beneath hole BL20-05, which returned gold values of 1.52 g/t Au over 7.62 metres, within a broader zone of 0.54 g/t Au over 97.54 metres[2].
  • Hole BL20-10 collared at the north end of the South Mine Fault Zone and intersected near surface oxide gold grading 1.23 g/t Au over 10.67 metres, within a broader zone of mineralization averaging 0.81 g/t Au over 19.81 metres1 (Figure 2).

The considerable length of the gold intercepts in BL20-06, and in BL20-05 above indicate that the mineralized structures hosting leachable gold in the South Mine Fault Zone have significant vertical and lateral extent. These results speak to the continuity and overall strength of the mineralized system at Bolo. 

Hole BL20-10 intersected shallow oxide gold mineralization below 2019 drill hole BL19-07, which returned strong arsenic pathfinder values. A similar arsenic anomaly was encountered in BL20-10 coincident with the reported gold intercept. New Placer Dome’s technical team has established that pathfinder anomalies are a powerful vectoring tool to identify mineralized structures in the South Mine Fault Zone and elsewhere at the Bolo Gold-Silver Project.

Kris Raffle, P.Geo., and a director comments, “Our continued success in identifying oxide gold mineralization in the South Mine Fault Zone over multiple drill campaigns not only bolsters our understanding of the complex structural controls on mineralization at Bolo, but also presents the Company with a persuasive argument to explore other under-drilled or un-drilled areas of the Project with similar geological characteristics.”

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.

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

Hole ID
(dip/azimuth)
ReleasedFrom (m)To (m)Interval (m)1Au (g/t)* 
0.2 cut-off 
CN Soluble Au Recovery (%)
BL20-06 (-51/274)Current News Release126.49224.0397.540.4181
including 126.49152.425.910.9287
BL20-10  (-60/273)Current News Release54.8674.6819.810.8190
including 57.9168.5810.671.2388
BL20-07 (-60/279)Current News Releaseno significantgold intercepts 
BL20-08 (-51/224)Current News Releasenosignificant gold  intercepts
BL20-09 (-45/218)Current News Releaseno significant goldintercepts 
BL20-01 (-63/267)16-Sep-20112.78150.8838.11.0879
including 137.16149.3512.191.7975
and 170.69178.317.620.6857
BL20-02 (-61/317)20-Oct-2013.7238.124.381.3885
including 21.3427.436.14.3581
BL20-03 (-66/274)20-Oct-20053.3453.340.2480
including  012.1912.190.6180
and 71.63132.5960.960.7474
including 71.6392.9621.341.7179
BL20-04 (-77/273)20-Oct-2082.389.927.620.3284
BL20-05 (-50/270)20-Oct-2079.25176.7897.540.5466
including 79.25 86.87 7.621.5283
including 100.58141.7341.150.7276
including 167.64176.789.140.8431
*Intervals may include a small percentage of internal dilution up to 5 metres estimated true width below 0.1 g/t Au

Figure 1. Bolo Gold Project BL20-06 Drill Section

Figure 2. Bolo Gold Project 2020 BL20-10 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 completed whereby 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)[3]. 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 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

David Gdanski, Empire Communications IR
Tel: 778 903 7325
Email: david@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 20, 2020.

[3] 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).

NEW PLACER DOME GOLD CORP. DRILLS 6.1 METRES OF 10.22 G/T GOLD, EXPANDING GOLD MINERALIZATION AT ITS KINSLEY PROJECT IN NEVADA

News Release – Vancouver, British Columbia – January 11, 2021: New Placer Dome Gold Corp. (“New Placer Dome” or the “Company”) (TSX-V: NGLD) (OTCQB:NPDCF) (FSE: BM5) is pleased to report assay results for the initial nine reverse circulation (“RC”) drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project (“Kinsley Mountain”) in mining friendly Nevada. Eight of the nine drill holes had significant gold intercepts and have the potential to increase mineral resources in several different zones.

Kinsley Mountain is located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts Carlin-style gold mineralization, hosts historical run-of-mine heap leach production, and has NI 43-101 indicated resources at the Western Flank Zone of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)[1].

The recently completed 2020 Kinsley Mountain RC and diamond drill campaign comprised 49 drill holes totaling 17,970 metres (39 RC holes for 13,610 metres, and 10 diamond drill holes for 4,360 metres), and tested five target areas within the greater resource area (Figure 1 and Table 1). Assay results from the remaining 40 holes are still pending. Drill holes were selected to test extensions to existing resource areas as well as undrilled, high conviction targets.   

Highlights include:

  • 2.63 g/t Au (sulphide) over 38.10 metres; including 10.22 grams-per-tonne gold (g/t Au) (sulphide) over 6.10 metres in KMR20-017 (Figure 2)
  • 3.38 g/t Au (oxide) over 21.34 metres; including 5.78 g/t Au over 6.10 metres in KMR20-016 (Figure 2)
  • 5.15 g/t Au (oxide) over 10.67 metres in KMR20-004 (Figure 3)
  • 4.83 g/t Au (sulphide) over 6.10 metres and 1.74 g/t Au (sulphide) over 7.62 metres in KMR20-008; and 1.15 g/t Au (sulphide) over 6.10 metres in KMR20-007 (Figures 4 and 5)
  • 1.19 g/t Au (oxide) over 16.76 metres in KMR20-005; and 0.51 g/t Au (oxide) over 18.29 metres in KMR20-006 (Figure 6).

Max Sali, CEO and founder of New Placer Dome commented, “We are extremely encouraged by the results from the initial nine Kinsley drill holes, which reinforce the exceptional exploration potential of the Kinsley Mountain Project. With an existing resource including 302,000 high-grade indicated ounces of gold grading 6.11 g/t at the Western Flank Zone, and high-grade gold in our new holes on the margins of the deposit, we look forward to the potential of resource growth driven by the results of the remaining 40 drill holes which targeted proven and new areas at Kinsley. With the 2020 drilling program now complete and analysis of most samples now underway at the laboratory we look forward to continued news flow in the months ahead.”

Table 1. Kinsley Mountain Gold Project 2020 Significant Drill Intercepts

Hole IDZoneFrom (m)To (m)Interval (m)1Au (g/t)*CN Soluble Au Recovery** (%)
(dip/azimuth)
KMR20-004Western Flank Extension Target260.60271.2710.675.1569%
(-68/160)
including265.18269.754.578.1274%
KMR20-005KNW Fault22.8639.6216.761.1986%
(-70/235)
KMR20-006KNW Fault19.8138.1018.290.5181%
(-50/235)
KMR20-007Western Flank283.46289.566.101.15Sulphide
(-75/280)
KMR20-008Western Flank294.13300.236.104.83Sulphide
(-83/305)
and310.90318.527.623.07Sulphide
KMR20-009Western Flank283.46295.6612.191.74Sulphide
(-70/110)
KMR20-015Western FlankNo significant intercepts
(-85/225)
KMR20-016Western Flank309.37330.7121.343.3873%
(-85/235)
including316.99323.096.105.78100%
KMR20-017Western Flank320.04358.1438.102.63Sulphide
(-75/320)
including326.14332.236.1010.22Sulphide

*True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths.

*Drill composites were calculated using a minimum cut-off of 0.20 g/t gold.

**“Sulphide” defined as CN soluble gold recovery of <50% 

Figure 1. Kinsley Mountain Gold Project 2020 Drill Holes and Exploration Targets

Figure 2. Western Flank Zone Drill Section KMR20-016 / KMR20-017

Figure 3. Western Flank Extension Target Drill Section KMR20-004

Figure 4. Western Flank Zone Drill Section KMR20-008

Figure 5. Western Flank Zone Drill Section KMR20-007

Figure 6. KNW Fault Zone Drill Section KMR20-005 / KMR20-006

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 30-gram fire-assay (FA) analysis with atomic absorption spectroscopy (AAS) finish, in addition to 51 element ICP-MS geochemistry. Samples returning greater than 10 g/t Au are subject to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject to leach analysis 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 Kinsley Mountain Gold 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)[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 markets 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

David Gdanski, Empire Communications IR
Tel: (778) 903-7325
Email: david@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, receipt of additional assays, potential for resource growth/expansion, 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] 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).

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…