Nevgold Provides Positive Update ON the Upcoming Drill Program at Limousine Butte
NEVGOLD PROVIDES POSITIVE UPDATE ON THE
UPCOMING DRILL PROGRAM AT LIMOUSINE BUTTE
Vancouver, British Columbia – October 5 , 2021 – NevGold Corp. (“NevGold” or the “Company”)
(TSXV:NAU) ( OTCQB:NAUFF) ( Frankfurt:5E50) is pleased to provide an update on the positive
progress made on the start of the Company’s first 10,000 meter drill program at Limousine Butte, Nevada.
The Company has organized all key areas required to start the program , and drilling will commence
immediately.
Key Highlights
• Notice of Intent (“NOI”) Permit Approved: the NOI drill permit has been approved by the
Bureau of Land Management . (“BLM”) The process with the Ely, Nevada BLM office was
positive, and the permit was approved in the expected timeline.
• Drill Rig Contractor Arranged: the Company has contracted InterGeo Drilling, LLC from Salt
Lake City, Utah for a core drill rig for the upcoming program. The core rig mobilization to site has
commenced and drilling will start immediately.
• Drill Pads and Internal Roads Established: due to the historical drilling at Limousine Butte, the
project has a significant network of existing roads. Only minor earthwork was required to improve
or extend the existing roads and create suitable drill pads. The Company has completed all work to
commence the drill program. (See Figure 1 below)
• Support Infrastructure Organized: all key support areas including water, support equipment,
and personnel are in place to start the program immediately.
NevGold Chief Geologist, Derick Unger, comments: “The pace at which our team has moved to organize
our initial 10,000 meter drill program at Limousine Butte has been nothing short of remarkable for a new
company. We completed the drill targeting exercise utilizing the large historical geological database,
received the positive decision from the BLM on our NOI, contracted a core drill rig, and completed all pre-
program planning, all in the span of three months. This is a very exciting time for NevGold as our drilling
will start immediately, and we will enter a very steady period of active fieldwork leading us into 2022 .
Our goal for the initial drill program is to test the numerous areas of known mineralization at Limo Butte,
and identify new mineralization in previously untested areas . We believe this work, combined with new
exploration targets generated by an updated interpretation of the district geology , will lead to NevGold
realizing our goal of driving towards building a multi-million ounce resource base in Nevada.”
Figure 1 – Aerial footage of a drill pad that will be utilized in the upcoming drill program at Limousine Butte, Nevada
To view image please click here
Figure 2 – View looking northeast from the historical Golden Butte pit along the Resurrection Ridge mineralization trend
To view image please click here
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.
Technical information contained in this news release has been reviewed and approved by Derick Unger,
CPG, the Company’s Chief Geologist, who is NevGold’s qualified person under National Instrument 43 -
101 and responsible for technical matters of this release.
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 gold 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 unkno wn
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 o f the date on which 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 otherwi se. 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.