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NevGold Announces Positive Copper Porphyry Potential at Zeus Copper Project in Hercules Copper Trend, Idaho
Vancouver, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased
About this update from Nevgold Corp
[{"type":"text","content":" Vancouver, British Columbia, April 18, 2024 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that it has identified significant copper porphyry potential after completing a geological review and 3-D model of the newly staked Zeus Copper Project in the emerging Hercules Copper Trend in southwestern Idaho. The Company’s geological review included detailed assessments of historical records, compilations and reinterpretation of numerous published geological maps, creation of a 3-D geological model, and analysis of rock chip samples collected by the NevGold Team while staking the mineral claims over the past 6 months. Key Highlights Positive results from the geological review and 3-D model highlight the significant copper porphyry potential at the Zeus Copper Project Strong similarities have been identified between the Zeus Project and the Hercules Silver Corp. (TSXV:BIG, “Hercules”) copper porphyry discovery at the Hercules Project (see Hercules Silver News Release dated October 10, 2023): Both projects have Triassic age plutons, the likely source of the copper porphyry Both projects have Olds Ferry terrane rocks including the Hercules Rhyolite and Lower Huntington Formation (Seven Devils equivalent) Both projects have a cover sequence of Izee terrane rocks including the Weatherby Formation Both projects are located along the Bayhorse Thrust Fault, a major structural corridor, which places Izee Terrane rocks (Weatherby Formation) overtop of Olds Ferry terrane rocks (Huntington Formation) Both projects have abundant mineral occurrences and historical mine workings Both projects are erosional windows through the post-mineral Columbia River basalts that cover the vast majority of the Hercules Copper Trend NevGold will rapidly advance preparations for an active field program at Zeus starting in May NevGold CEO, Brandon Bonifacio, comments: “We are very pleased with how positive the results have been from our upfront geological work on the newly staked Zeus Copper Project. Due to our strong presence in Washington County, Idaho with our Nutmeg Mountain gold project, our team had a robust understanding of the regional geology which we were able to leverage in the identification of the Zeus Project as the next best copper porphyry target on the trend alongside t...