Reverse Circulation Drill Holes Completed At Bolo Gold-Silver Project

VANCOUVER - New Placer Dome Gold Corp. reported an update on its drill program at the Bolo Gold-Silver Project. To date, five Reverse Circulation (RC) high priority drill holes totaling 1,363 meters have been completed. Samples from all five holes are being prepared for shipping to ALS Global for multi-element geochemical and gold fire assay analysis. The program remains on budget and on schedule. An additional 2,100 meters in seven holes is anticipated to complete the programs goal of potentially connecting two zones, the South Mine Fault and Uncle Sam zones and targeting new discoveries below the previous drill intercepts where gold mineralization remains open at depth.

Qualitative hand-held portable X-ray Fluorescence (XRF) analysis of the RC drill samples has confirmed the presence of pathfinder elements that are a potential indicator of the presence of gold and silver mineralization. In particular, elevated downhole arsenic values, an effective real-time targeting tool used during the 2020 drill campaign, have been identified within current drill samples cutting the down-dip projection of gold zones.

In addition to having an active RC drill campaign underway at the Bolo Gold Project, and Kinsley Mountain Project, New Placer Dome anticipates mobilization of a ground exploration team to complete initial assessment of its early-stage Troy Canyon gold and silver project. The 593 hectare Troy Canyon Project is located in Nye County just 70 km east of Bolo. The Troy Gold-Silver Project has seen limited modern exploration effort, and was a former small producer.