Acquisition Of The Troy Canyon Gold Silver Project

VANCOUVER - New Placer Dome Gold Corp. reported that it exercised the property option agreement and acquired 100% of the Troy Canyon Gold Property located in Nye County, Nevada from Brocade Metals Corp.

The Troy Canyon Project has returned historical underground stope rock grab samples assaying 576 g/t gold and greater than 100 g/t silver. The Troy Canyon Project is subject to a 1% underlying net smelter returns royalty which may be repurchased by New Placer Dome.

The Company recently completed a campaign of surface and underground rock sampling at Troy Canyon. A total of 59 surface and underground rock grab samples from outcrop or rock float were collected, which included numerous samples pyrite-galena-chalcopyrite mineralized quartz vein samples consistent with historically reported mineralization. The samples have been submitted to ALS Global in North Vancouver for gold fire assay and multi-element geochemical analysis.

Max Sali, CEO and Founder, said, “We are pleased to have acquired 100 percent of this prospective asset in Nevada that has previous gold production through from a mine shaft. Troy is located strategically new Bolo and recent field work at Troy has encouraged us to exercise the option. As the asset terms were negotiated in September of 2019 in a much different gold environment, the board felt it was an excellent value add for our shareholders.”