Nevgold Corp. Hires Chief Geologist and Commences Permitting Activities
NEVGOLD CORP. HIRES CHIEF GEOLOGIST AND
COMMENCES PERMITTING ACTIVITIES
Vancouver, British Columbia – July 15, 2021 – NevGold Corp. (“NevGold” or the “Company”)
(TSXV:NAU) is pleased to announce that Mr. Derick Unger, CPG, has joined NevGold as Chief Geologist
and is currently advancing the drill targeting and permitting activities at its Limousine Butte Project in
Nevada.
The company recently completed a C$6.3M financing and is fully funded for exploration and drilling at its
Limousine Butte and Cedar Wash projects in Nevada, and Ptarmigan project in British Columbia.
Chief Geologist
Derick Unger, CPG, has Bachelors and Masters degrees in Geology from Indiana State and Auburn
Universities respectively, and has 14 years of experience in Nevada gold exploration and resource
estimation in progressively senior roles with Newmont, Nyrstar, Victoria Gold and NuLegacy Gold, and
was most recently with Mine Development Associates in Reno, Nevada.
Derick has led exploration teams in the discovery of gold and silver deposits in Nevada including the
NuLegacy Gold discovery of the Serena zone, the highest-grade gold zone recognized at Red Hill to date,
and the Vio zone, a previously unidentified low-sulfidation epithermal gold-silver system. He also played
a key role in Newmont’s discovery of the East veins at the Midas mine, and Victoria Gold’s discovery of
the high-grade Helen zone at the Cove project.
Derick will be based in Reno and has responsibility for all exploration, geology, and resource estimation
activities.
Mr. Derick Unger, Chief Geologist states: “I am excited to join NevGold at such a critical time for the
company. I see great geological potential at Limousine Butte, Cedar Wash, and Ptarmigan, and was
attracted to the position as NevGold has the team and resources to advance and de-risk the portfolio. All
three projects have large historical geological databases, and we are looking forward to leveraging modern
exploration techniques to unlock the value of our assets. We have already started building our Nevada
operations and are ready to aggressively explore our projects over the remainder of the year and into
2022.”
Permitting Activities – Limousine Butte
NevGold is nearing completion of its data compilation and drill targeting exercise at Limousine Butte and
has started the permitting process for its drilling program, which is targeted to commence by Q3-2021. The
company has hired The Mines Group Inc. from Reno, Nevada to support its permitting efforts.
Limousine Butte is located on federal land administered by the Bureau of Land Management (“BLM”)
through the Ely District Office located in Ely, Nevada. Initially, the company will be filing a Notice of
Intent (“NOI”) with the BLM through the District Office, and the Nevada Bureau of Regulation and
Reclamation. (“BMRR”) The NOI allows up to 5 acres of disturbance, and has an approximate approval
timeline of 30 to 60 days. NevGold will leverage the many existing internal project roads and drill pads
from past exploration activities to limit the amount of disturbance in the upcoming NOI.
The NOI will allow NevGold to start its drilling activities at the key exploration targets identified at
Limousine Butte.
Grant of Stock Options
The Company granted an aggregate of 900,000 stock options with an exercise price of $0.40, effective as
of July 14, 2021, to certain directors, officers and consultants of the Company in accordance with the
Company’s stock option plan. Options granted to consultants are subject to TSX Venture approval.
ON BEHALF OF THE BOARD
“Signed”
Brandon Bonifacio, President & CEO
For further information, please contact Brandon Bonifacio at [email protected], call 604-337-
4997, or visit our website at www.nev-gold.com.
About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven
districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar
Wash projects in Nevada, and the Ptarmigan silver-polymetallic project in Southeast BC.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward -looking statements that are based on the Company’s current expectations and
estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that
certain events or conditions “may” or “will” occur . Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement
speaks only as of the date on wh ich it is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward -looking statement, whether as a result of new
information, future events or results or otherwise. Forward -looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty
therein.