Nevgold Samples 3.79% Copper and 1.6 G/T GOLD and Identifies New Copper Targets at the ZEUS Copper Project in the Hercules Copper District, Idaho
NEVGOLD SAMPLES 3.79% COPPER AND 1.6 G/T GOLD AND IDENTIFIES NEW
COPPER TARGETS AT THE ZEUS COPPER PROJECT IN THE HERCULES COPPER
DISTRICT, IDAHO
Vancouver, British Columbia – January 30, 2025 – NevGold Corp. (“NevGold” or the “Company”)
(TSXV:NAU) ( OTCQX:NAUFF) ( Frankfurt:5E50) is pleased to announce that it has identified
additional high-grade copper, gold, and silver mineralization at surface at the Zeus Copper Project in the
emerging Hercules Copper District of southwestern Idaho. The additional positive sampling results
highlight the significant copper porphyry potential at the Zeus Copper Project. As detailed in
NevGold’s News Releases dated April 18, 202 4 and June 20, 2024 (see NevGold News Releases ), there
are many similar geological characteristics between Hercules Metals Corp.’s (“Hercules Metals”,
TSXV:BIG) copper porphyry discovery at the Hercules Project (see Hercules Metals News Release
dated October 10, 2023), and the Zeus Copper Project, and both projects show similar surface sample
results.
Key Highlights
• Positive high-grade copper, gold, and silver surface sampling results validate the significant
copper porphyry potential at the Zeus Copper Project:
o ZRS-22: 3.79% Cu, 0.412 g/t Au, 18.6 g/t Ag
o ZNR-05: 2.19% Cu, 0.393 g/t Au, and 26.1 g/t Ag
o ZRS-23: 1.93% Cu, 0.936 g/t Au, and 24.9 g/t Ag
o APF*: 0.05% Cu, 1.03 g/t Au, 114 g/t Ag, 468.5 g/t Mo
o ZNR-06: 0.71% Cu, 0.106 g/t Au, and 17.3 g/t Ag
o ZRS-12: 0.17% Cu, 1.64 g/t Au, and 3.6 g/t Ag
• Strong similarities between Zeus and the Hercules Metals copper porphyry discovery at the
Hercules Project continues to be validated with the results from the active field program
o Strong similarities include the grade and mineralization footprint of the initial surface
sampling completed at both projects
• NevGold has completed a robust soil sampling survey on BLM ground over the undrilled
Thorn Springs and Poseidon target areas; assays are pending
• NevGold continues to plan geophysical programs to initiate Q1-2025
• NevGold continues to plan a Notice of Intent (“NOI”) for the drill ready targets on the BLM
ground
NevGold CEO, Brandon Bonifacio, comments: “The initial sampling completed at Zeus has continued
to yield exceptional results and we eagerly await the comprehensive soil survey results that we completed
in 2024. The soil survey data compilation is another strong tool for identification of potential copper
porphyry targets in the emerging Hercules Copper Trend. As we continue to advance Zeus, we are pleased
to see the similarities between the grade and mineralization footprint identified at the Hercules Metals
project prior to the discovery of the copper porphyry. Our goal is to continue with the geology compilation
to advance to drill targets for the 2025 summer field season. We are also fortunate that our strongest copper
targets to date (Thorn Springs and Poseidon, see Figure 1) are on Bureau of Land Management (“BLM”)
ground, which simplifies and accelerates our permitting for future drilling at Zeus.”
NevGold VP Exploration, Greg French, comments: “Our ongoing surface geochemical sampling and
mapping program continues to confirm that there are multiple copper target areas on the Zeus property.
The rock chip sampling results demonstrate that there is a strong hydrothermal system with copper
mineralization and porphyry-style alteration. This is especially evident in the Thorn Springs and Poseidon
areas where we have strongly silicified aplite with fracture -controlled malachite staining , and highly
anomalous precious metal results. The rock chip and upcoming soil sample results integrated with the
geological mapping completed to date will provide data to help design our planned geophysical program.”
Figure 1 – Copper analysis of Zeus Project surface samples and identified target areas.
To view image please click here
Zeus –Target Areas
Rock chip sampling by NevGold as well as historical sampling ( Henricksen, 1975), and compilation of
geologic data has identified multiple target areas at the Zeus Copper Project. This preliminary work
indicates a large mineralization footprint and potential for multiple copper porphyry producing intrusive
centers. The geological objective at Zeus is to encounter intrusive rock within the veining and alteration
characteristics of porphyry Cu-Au-Mo mineral deposits.
• Thorn Springs: the Thorn Springs target is located on BLM ground on the southern portion of
the Zeus property. Individual samples on the target area assayed up to 3.79% Copper, 8.19 g/t
Gold, 59.9 g/t Molybdenum and 24.9 g/t Silver. The undrilled target is open in all directions,
and the pending surface geochemical soil assay results will test potential for fertile copper-
gold-molybdenum structural corridors within the mapped intrusive complex (copper host
rocks). Initial field investigations identified a conjugate set of fracture filled malachite related to
the copper mineralization and numerous structural measurements were collected to advance the
target to the drill-ready stage.
• Poseidon (newly identified target) – the Poseidon target is located on BLM ground on the
southwestern portion of the Zeus property. Individual samples on the target area assayed up to
2.52% Copper, 1.03 g/t Gold, 468.5 g/t Molybdenum and 114 g/t Silver. The undrilled target
is open in all directions and the pending surface geochemical soil assay results will test
potential fertile copper-gold-molybdenum structural corridors within the mapped Lower
Huntington andesitic volcaniclastic unit to intrusive complex (copper host rocks). The
anomalous samples occurred proximal to a structural intersection of mapped Bayhorse Thrust and
normal faults. The intrusive complex (copper host rocks) is exposed at surface. Due to the limited
amount of rock chips collected within the target area, further work is warranted to investigate the
source of the anomaly.
• Iron Mountain: the Iron Mountain target is located on US Forest Service Land (“USFS”) on the
central portion of the Zeus property. Anomalous copper, gold, molybdenum, and silver rock chip
samples on the target area were observed (see Table 1 for details). The host rocks in the western
and eastern flanks of the target area are characterized by Lower Huntington Formation and
intrusive complexes, both of which are interpreted to be copper host lithologies. The host rocks in
the central portion of the target are characterized by the Upper Huntington Formation which is
interpreted to be a silver host lithology.
• Abundance: the Abundance target is located on USFS land on the northern portion of the Zeus
property. Anomalous copper, gold, molybdenum, and silver rock chip samples on the target area
were observed (see Table 1 for details). The host rocks of the northern portion of the property are
characterized by the Upper Huntington Formation, interpreted to be a silver host rock lithology.
The rocks of the northern portion of the property are characterized by the Weatherby formation,
interpreted to be a thin post mineral cover with underlying Upper Huntington (Silver Host
Lithologies), Lower Huntington and intrusive complexes (Copper Host Lithologies) preserved at
depth.
• Mortimer: the Mortimer target is located on USFS land on the southeastern portion of the Zeus
property. Individual samples on the target area assayed up to 2.1% Copper, 0.393 g/t Gold, 4.4
g/t Molybdenum and 26.1 g/t Silver. The host rocks consist of Lower Huntington and intrusive
complexes, both of which are interpreted to be copper mineralization host rock lithologies.
Figure 2 – Gold analysis of Zeus Project surface samples and identified target areas. To view image please click here
Figure 3 – Molybdenum analysis of Zeus Project surface samples and identified target areas.
To view image please click here
Figure 4 – Silver analysis of Zeus Project surface samples and identified target areas. To view image please click here
Selected Results from NevGold’s 2024 Sampling Program
Target Area
Sample
No. Cu %
Au
ppm
Ag
ppm
Mo
ppm Sample Description
Thorn Springs ZRS-22 3.79 0.412 18.6 11.8
Strongly silicified aplite with fracture controlled malachite -
azurite staining
Thorn Springs ZRS-23 1.93 0.936 24.9 8.4
Strongly silicified aplite with fracture controlled malachite
staining
Thorn Springs ZRS-07 1.22 8.19 21.9 33.7 Aplite majorly altered to limonite, sericite, quartz and malachite
Thorn Springs ZRS-12 0.17 1.64 3.6 4.1
Strongly silicified aplite with fracture controlled malachite
staining
Thorn Springs ZRS-21 0.43 0.249 6.3 13.1
Strongly silicified aplite with fracture controlled malachite
staining
Mortimer ZNR-05 2.19 0.393 26.1 4.3
Breccia of Mortimer limestone, clasts of quartz vein and copper
sulfides
Mortimer ZNR-06 0.71 0.106 17.3 3 Strongly hydrothermally altered granodiorite
Mortimer ZNR-01* 1.3 0.188 11.3 0.1 Quartz diorite breccia with malachite replacement of clasts
Mortimer ZRS-02* 0.86 0.111 9.9 0.1 Marble breccia with malachite and hematite in matrix
Mortimer ZRS-03* 0.91 0.219 20 0.3
Quartz diorite with malachite, azurite, and hematite along
fractures
Mortimer RSL01* 0.83 0.056 10.5 0.1 Strongly altered quartz diorite with malachite on fractures
Poseidon APF* 0.05 1.03 114 468.5
Breccia of silicified metasediments with specular hematite in
matrix
Poseidon ZWDU1205* 0.01 0.025 26.2 35
Andesite flow (Lower Huntington) brecciated with quartz and
hematite
Iron Mountain WP645* 0.02 0.005 1.5 19 Quartz diorite breccia, hematite alteration of matrix
Iron Mountain WP652* 0.02 0.005 0.2 1.8 Quartz diorite strongly altered to specular hematite
Iron Mountain WP654* 0.01 0.019 0.5 23.2 Andesite flow (Lower Huntington) weakly brecciated
Abundance WP624* 0.25 0.027 6 0.8
Phyllite (Big Hill Wacke) with quartz veins, copper sulfides and
malachite
Abundance WP625A* 0.05 0.005 0.6 0.7 Marble with veins of quartz, hematite and magnetite
Abundance WP625B* 0.05 0.009 1.5 12.1 Strongly clay-altered dacite
Abundance WP637* 0.04 0.044 2.3 20.6 Silicified andesite with strong hematite alteration
Table 1– Selected rock samples from the Zeus Project. * Previous samples released in June 20, 2024 News Release.
Planned 2025 Activities / Status Update
NevGold plans to continue its active exploration program at Zeus in 2025 including:
• Geological database review (completed);
• Geological mapping (in progress);
• Surface soil geochemical sampling (assays pending);
• Geophysics including Induced Polarization (IP) and magnetics (in preparation); and,
• Drill testing copper targets identified by the above activities (subject to the above activities).
Figure 5 – Geologic Map of the Hercules Copper Trend compiled by the NevGold geology team.
Modified from (Henricksen, 1975), (Fankhauser, 1968), (Skurla, 1974), (Lund, 2021), (Adair, 1985).
To view image please click here
Figure 6 - Zeus Project and Hercules Copper Trend Location in Washington County, Idaho.
To view image please click here