Eleven Reverse Circulation Drill Holes Completed At Kinsley Mountain Gold Project

VANCOUVER - New Placer Dome Gold Corp. reported results for an additional eleven reverse circulation (RC) drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project in Nevada. Drilling at the Western Flank Zone has again yielded significant gold intercepts at Kinsley Mountain. Kinsley Mountain 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). 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 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") (sulphide2) over 7.6 meters ("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; 2.51 g/t Au (sulphide) over 15.2 m; including 4.16 g/t Au (sulphide) over 6.1 m in KMR20-003; and 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, said, "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 meters 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."