Nine Reverse Circulation Drill Holes Completed At The Kinsley Gold Project

VANCOUVER - New Placer Dome Gold Corp. report assay results for the initial nine reverse circulation (RC) drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project in Nevada. Eight of the nine drill holes had significant gold intercepts and have the potential to increase mineral resources in several different zones.

The recently completed 2020 Kinsley Mountain RC and diamond drill campaign comprised 49 drill holes totaling 17,970 meters (39 RC holes for 13,610 meters, and 10 diamond drill holes for 4,360 meters), and tested five target areas within the greater resource area. 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 meters; including 10.22 grams-per-tonne gold (g/t Au) (sulphide) over 6.10 meters in KMR20-017; 3.38 g/t Au (oxide) over 21.34 meters; including 5.78 g/t Au over 6.10 meters in KMR20-016; 5.15 g/t Au (oxide) over 10.67 meters in KMR20-004; 4.83 g/t Au (sulphide) over 6.10 meters and 1.74 g/t Au (sulphide) over 7.62 meters in KMR20-008; and 1.15 g/t Au (sulphide) over 6.10 meters in KMR20-007; and 1.19 g/t Au (oxide) over 16.76 meters in KMR20-005; and 0.51 g/t Au (oxide) over 18.29 meters in KMR20-006.Max Sali, CEO and Founder, said, “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.”