Junior Firm Targeting Nevada Gold & Hitting

by Mike Fagan

Mike Fagan


New Placer Dome Gold (TSX-V: NGLD)(OTC: NPDCF) — currently trading around C$0.16 per share — has announced a new discovery at the Secret Spot target area of its flagship Kinsley Mountain Gold Project, Nevada.

In all, three new discoveries have been confirmed at Kinsley by way of last year’s 18,000-meter drill program: Secret Spot, Western Flank, and Main Pit North.

Highlight intercepts from the Secret Spot discovery area include:

  • 1.77 grams per tonne (g/t) oxide gold over 25.3 meters
  • 3.81 g/t sulfide gold over 11.6 meters; including
  • 11.3 g/t gold over 2.9 meters

New Placer Dome CEO, Max Sali — whom you’ll be hearing more from in a moment — commented via press release:
 

"With the release of final assay results from our highly successful 2020 Kinsley Mountain drill campaign we now look forward to finalizing plans for our follow-up 2021 resource expansion and delineation drill program targeting our three new discovery zones at the Western Flank, Secret Spot, and Main Pit North oxide targets. We now have multiple options for resource expansion and discovery across multiple stratigraphic horizons including near surface high-grade oxide at the Secret Spot and Main Pit North targets; in addition to deep high-grade sulphide 2 at the Western Flank Zone and Secret Spot target."


The New Placer Dome team is currently putting together a targeted drill program for Kinsley to commence this summer starting with the Main Pit North target area. The program will be a mix of resource expansion and exploration drilling with a focus on increasing the current resource, which now stands at 418,000 oz Indicated at 2.63 g/t gold plus 117,000 oz Inferred at 1.51 g/t gold.

Additionally, the company is advancing its second core Nevada property — the Bolo Gold-Silver Project — where 7 of 10 holes released to-date have encountered significant gold oxide mineralization. The company expects to spend around US$1.1 million exploring Bolo this summer with a maiden resource targeted for 2022.

Our own Gerardo Del Real of Junior Resource Monthly sat down with New Placer Dome Gold CEO, Max Sali, to discuss the new Secret Spot discovery and next steps for both Kinsley Mountain and Bolo. Gerardo will be making a site visit to Kinsley Mountain later this week so be on the lookout for his report in the coming days. You can listen to the interview here (a transcript is available also).

And be sure to check out our feature report on New Placer Dome Gold here.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 

Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.