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NevGold Assays High-grade Silver Up To 3,188 g/t Ag (93 oz/st Ag) On Surface At Ptarmigan And Expands Copper Trend To +9 Kilometers
Vancouver, British Columbia, March 28, 2023 (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, March 28, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce results from the Company’s 2022 surface exploration program at its district scale 93 km2 Ptarmigan project located in southeast British Columbia (the “Project”). The 2022 work program was focused on advancing the Project to the “drill ready” stage. Key Highlights High Grade Silver Mineralization (up to 3,188 g/t Ag) Over 140 Meters South of Previous Drilling: samples of 3,188 g/t Ag (and 0.22% Cu, 29.4% Pb) and 492 g/t Ag (and 0.2% Cu, 4.6% Pb, 1.4% Zn) were collected at surface over 140 meters and 250 meters respectively from the historical drill collars. (Figure 2) These samples identified additional surface mineralization south of the historical mine workings and define a mineralization trend of nearly 2 kilometers. Historical drilling occurred in a tightly constrained area of less than 1 km2 with results including: 3.65 m of 2,455 g/t Ag, 1.00 g/t Au, 0.91% Cu Includes 0.33 m of 22,945 g/t Ag, 5.75 g/t Au, 8.24% Cu 1.16 m of 2,315 g/t Ag, 1.64 g/t Au, 1.10% Cu 6.80 m of 452 g/t Ag, 0.52 g/t Au, 0.26% Cu 3.69 m of 635 g/t Ag, 0.82 g/t Au, 0.33% Cu 6.41 m of 96 g/t Ag, 0.36 g/t Au, 0.20% Cu, 3.70% Pb Copper Surface Anomaly Extends Over 9 Kilometers: additional surface sampling has located anomalous copper values over 2.3 kilometers northwest of historical drilling in an area not previously sampled. The established copper anomaly now stretches over 9 kilometers, nearly the entire length of the property. (Figure 3) Additional High-Grade Drill Targets Identified: the 2022 field work identified a number of exciting high-grade drill targets both on trend from previous drilling and in new areas corresponding with geochemical and geophysical anomalies. Future drill programs will be planned to target both polymetallic (silver, lead, zinc) and copper mineralization. Current Strategic Review of Ptarmigan: with NevGold’s increased platform of high-grade, oxide, heap-leach gold in the Western USA, the Company is reviewing various strategic alternatives for Ptarmigan after receiving many expressions of interest from external parties over the past 12 months. Ptarmigan has material value that is not currently being recognized in NevGold creating an opportunity to extract ...