Next-Phase Exploration at Nevada Gold Project Near Barrick-Newmont JV

 
 
New Placer Dome Gold (TSX-V: NGLD)(OTC: NPDCF) — currently trading around C$0.12 per share — has revealed plans for this year’s resource expansion/discovery program at its flagship Kinsley Mountain Gold Project, Nevada.

Kinsley boasts a current NI 43-101 resource of 418,000 oz Indicated at 2.63 grams per tonne (g/t) gold plus 117,000 oz Inferred at 1.51 g/t gold.

The plan — now that the base shelf prospectus is complete — is to run IP surveys and to conduct resource definition and exploration drilling on three new discovery zones at Kinsley: Western Flank, Main Pit North, and Secret Spot.

The program is a planned follow-up to last year’s drilling, which produced highlight intercepts of:
 
  • 15.1 g/t gold over 7.6 meters at Western Flank

  • 9.83 g/t gold over 7.6 meters at Main Pit North

  • 1.77 g/t gold over 25.3 meters at Secret Spot 
 
 
 
New Placer Dome CEO, Max Sali, commented via press release:
 
 

"Building off the outstanding success of our 2020 exploration campaign we plan to expand the use of IP/resistivity geophysical surveys as a proven gold vectoring tool that has potential to contribute to new discoveries within the Kinsley Mountain Gold Project.  Subject to raising sufficient funds, during 2021, we also expect to sharpen our focus on our three main new discovery areas at the WFZ, Main Pit North Oxide, and Secret Spot targets to drive resource expansion and discovery." 

 
At a ~C$11 million market cap, NGLD represents an intriguing, ultra-low-priced drill speculation in the hotbed of US gold-silver production — Nevada. The company’s flagship is situated 90 km south of the Long Canyon Mine, which is currently in production via the Barrick-Newmont JV — Nevada Gold Mines. The company is also advancing two additional early-stage Nevada gold projects: Bolo and Troy Canyon.  

My colleague Gerardo Del Real of Junior Resource Monthly visited Kinsley Mountain in May and was immediately struck by the size of the property, the excellent infrastructure, and the amount of targets available to the New Placer Dome team. 
 
 
 
Earlier this week, he sat down with CEO, Max Sali, for an in-depth discussion on all-things New Placer Dome Gold. CLICK HERE TO LISTEN. Transcript is also available. 
 
 
 

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.