NevGold Submits Exploration Plan of Operations For Limousine Butte, Nevada

About this update from Nevgold Corp

[{"type":"text","content":" Vancouver, British Columbia, Feb. 14, 2023 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that on February 8, 2023, the Company submitted an Exploration Plan of Operations (“EPO”) to the Bureau of Land Management (the “BLM”) for its Limousine Butte Project in Nevada (the “Project\"). The submission of the EPO is an important milestone for the Project as the process included many key de-risking activities critical to project development. Once approved the permit will allow for significant expansion of drilling around mineralization and into untested areas. Key Highlights Critical Environmental and Cultural Studies Completed: the EPO required important environmental baseline and cultural studies completed during the 2022 field season. The results from these studies indicate the Project is in an area with low risk of having significant impact on environmental or cultural resources. The completed studies can also be leveraged in future development stages as the project is advanced. EPO Will Significantly Increase Disturbance Allowed For Exploration: the Project currently has an aggregate 15 acres of disturbance under approved Exploration Notice permits. Once approved, the EPO would expand the allowed disturbance up to 200 acres which would permit increased drill programs including resource infill and exploration drilling. (see Figure 1) 2023 Work Program Update: the geological model at the Project is currently being updated to incorporate the 2022 drill results. The successful 2022 drill program identified numerous drill targets with the potential to infill and expand the mineralized footprints at Resurrection Ridge and Cadillac Valley to advance to a resource estimate (see Figure 1). Additionally, exciting new exploration targets have been identified in untested parts of the Project not previously accessible under the Exploration Notice permits. Drilling is planned for 2023 once geologic interpretation and targeting is complete. Increased Activity in the District: the district around Limousine Butte has seen an increased level of activity over the past 12 months with Freeport-McMoran and Centerra Gold actively drilling projects adjacent to Limousine Butte to the southwest and northeast respectively. Limousine Butte is at the epicenter of this emerging...

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