NevGold Intercepts 0.53 g/t Oxide Au over 74.7 Meters And Expands The Mineralized Footprint Over 100 Meters At Resurrection Ridge

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[{"type":"text","content":" Vancouver, British Columbia, Nov. 11, 2022 (GLOBE NEWSWIRE) -- News Release Video: NevGold completed a short video to explain the drill results which can be seen here. NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce further assays from the Company’s drill program at the Resurrection Ridge target area at its Limousine Butte Project, Nevada (the “Project”) located on the southern part of the Carlin Trend. Further assays from the Company’s inaugural 10,000 meter drill program at the Project are expected shortly. Key Highlights More Shallow Oxide Gold Mineralization Building the Path to a Near-Term Resource: Hole RR22-001 intercepted 0.53 g/t oxide Au over 74.7 meters, including 0.81 g/t oxide Au over 19.9 meters from the top of the mineralized zone; the hole is an important step-out from LB22-004 which intercepted 2.19 g/t oxide Au over 61.6 meters including 8.51 g/t oxide Au over 11.6 meters. (released on February 8, 2022). Additionally, LB21-005 expanded the mineralized footprint at depth with a hole located over 100 meters northeast of LB21-004. Large, Open Mineralized Footprint at Resurrection Ridge Continues to Grow: the current mineralized area at Resurrection Ridge now extends over 700 meters along strike and over 350 meters laterally. There is also another +1.0 km of untested strike length to the northeast of LB21-005 (Figure 1), which will be a key focus of drilling at Resurrection Ridge to further expand the mineralized footprint. Near-Surface Mineralization Under Shallow Cover: mineralization at Resurrection Ridge starts at vertical depth below surface of approximately 20-60 meters. Highly Oxidized Mineralization: oxidized mineralization has been seen in all of the holes drilled to date by the Company at Limousine Butte. NevGold CEO, Brandon Bonifacio, comments: “We are excited about the further positive results received from Resurrection Ridge, along with our recently released drill results from the Cadillac Valley target area. Resurrection Ridge continues to expand to the northeast with a currently defined area of over 700 meters along strike and over 350 meters laterally, and has all the signatures of a near-surface, oxide, heap-leach gold orebody. With the expansion of mineralization to the northeast, we are eager to continue step-out drilling as there is a...

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