New Placer Dome Reverse Circulation And Core Drilling Campaigns In Nevada

VANCOUVER - New Placer Dome Gold Corp. reported that a total of 17 RC drill holes totaling 6,767 meters (22,200 feet) and five diamond core holes totaling 2,217 meters (7,274 feet) have been completed at Kinsley Mountain. At the Bolo Gold Project, 10 RC drill holes totaling 3,054 meters (10,020 feet) have been completed. During 2020 New Placer Dome has drilled a combined total of 32 RC and diamond core holes totaling over 12,000 meters (approximately 40,000 feet) from its Nevada gold projects.  

Sample preparation is complete and assay results are expected shortly from four Bolo gold project RC drill holes (BL20-02 through BL20-05) totaling 1,033 meters. A further 1,147 Bolo gold project samples from five RC drill holes (BL20-06 through BL20-10) totaling 1,542 meters will be shipped from Nevada to the ALS Geochemistry laboratory in North Vancouver.

At the Kinsley Mountain project, 2,500 samples from nine RC drill holes (KMR20-004 through KMR20-009, and KMR20-015 through KMR20017) totaling 4,824 meters of drilling have recently arrived at the ALS Geochemistry laboratory in North Vancouver. These samples represent RC holes from the high-grade Western Flank Gold Zone and Kinsley Northwest Fault Big Bend areas.

With the continued drilling at the Kinsley Mountain and Bolo projects and subsequent assay results, New Placer Dome will continue to have significant activity through the remainder of 2020 and into the first quarter of 2021. Over 4,000 RC drill hole samples are either in-line for gold fire assay, landed at the ALS Geochemistry North Vancouver laboratory, or ready to be shipped to the laboratory from Nevada.

Max Sali, CEO, said, “Our technical team continues to be encouraged by the visual indications of mineralization intersected in RC chips and drill cores. With RC and core drilling now in full swing at Kinsley Mountain and Bolo, and over 12,000 meters drilled and 4,000 samples with assays pending or on their way to the lab, we eagerly anticipate the assay results and sustained news flow through Q4 2020 and beyond. On behalf of the board, I would like to commend our team for delivering New Placer Dome’s maiden work programs on time and on budget.”