Intersection Of Significant Oxide Gold At Bolo Gold-Silver Project

VANCOUVER, BC - New Placer Dome Gold Corp. reported 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 meters (13,645 feet). Seven of the ten holes for which assay results have been received to date have encountered significant oxide gold mineralization . 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 meters 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 meters. The hole successfully extended mineralization approximately 65 meters vertically beneath hole BL20-05, which returned gold values of 1.52 g/t Au over 7.62 meters, within a broader zone of 0.54 g/t Au over 97.54 meters. 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 meters, within a broader zone of mineralization averaging 0.81 g/t Au over 19.81 meters.

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, said, "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."