Steven Gold Data Compilation Results Define Drill Targets At Millennium Gold Project
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Steven Gold Data Compilation Results Define Drill Targets At Millennium Gold Project
VANCOUVER, B.C. February 1 9, 2021 - STEVENS GOLD NEVADA INC. (CSE:SG, OTCQB:STVGF, FSE:311)
(the “Company” or “Stevens Gold”) is pleased to announce results from the data mining of historic
geophysical and soil geochemical surveys on the optioned Millennium Gold Property (the “Property”). The
Property is located 4.8 km northeast of Lake Havasu City in Mojave County, western Ariz ona and hosts
underexplored low sulphidation volcanic -hosted epithermal gold mineralization with geological
similarities in style of mineralization and alteration to other nearby epithermal gold deposits including the
Castle Mountain Mine and the Moss Mine.
The Company has submitted its application for a drill permit to the Arizona State Lands Department and
is currently awaiting their review and approval.
Integrated Historic Survey Results: Soil Geochemical and Ground Geophysical Surveys
As part of it s ongoing exploration program at the Mille nnium Gold property the Company has been
extracting useful information to aid exploration by mining historic geoscientific databases. A 2007
program of virtual grid -based soil geochemical surveys based on Mobile M etal Ion Technology (“MMI”)
was undertaken on the Millennium Gold Property and successfully delineated multiple strongly elevated
gold responses. A total of 523 samples were collected. Multi-sample, arcuate, ovoid and linear anomalies
from widely spaced 400-foot stations varied from 20 to 221 times background and defined broad areas of
anomalous response on the property. The wide sample spacing was utilized to assess the property for
geochemical signatures originating from structurally related bulk mineable gold mineralization.
Historic ground magnetic surveys were undertaken on the property in 2008 by Zonge Engineering and I.P.
geophysical surveys in 2011 by Durango Geophysical Operations. Multiple magnetic “lows” were defined
by the magnetic survey and were interpreted as signatures of magnetic destructive alteration. Several of
these magnetic lows were accompanied by high resistivity responses and occurred in areas of known gold
mineralization that assayed up to 6 g/t gold as well as at Westley Hill where the Company will undertake
its maiden drill program to confirm historic gold mineralization intersected in 2008 (c.f. Stevens Gold news
release 2021.02.11).
Although ground geophysical and soil geochemical surveys were undertaken on the property at
significantly different times there is marked coincidence be tween magnetic lows, high resistivity
responses and multi -sample gold MMI anomalies in soils. These historic results are value -added
information and will assist more focused exploration on the property using modern exploration
techniques and drilling.
The proprietary MMI soil geochemical technique is based on the partial extraction of soil samples
systematically collected from a specific depth below surface. The method has been utilized on a wide
range of commodity types from precious and base metals to d iamonds worldwide. The MMI Process
utilizes proprietary partial extraction techniques, specific combinations of ligands to keep metals in
solution, and relies on strict adherence to sampling protocols. The MMI process does not indicate the
grade of mineralization responsible for an MMI anomaly nor does it indicate the depth of the source
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region for the anomaly. Accordingly, pairing the MMI results with geophysical surveys provides an
effective tool for defining drill targets in terrain where prospective targets are buried by overburden.
The Company is not aware of any legal, political, environmental, or other risks that could materially affect
the potential development of the project.
Qualified Person
The Technical Report was prepared by Dr. Mark Fedikow, P.Geo., of Mount Morgan Resources Ltd. Dr.
Fedikow is independent of Stevens Gold Nevada Inc., is a "Qualified Person" as defined by NI 43-101 and
has reviewed and approved all technical information in this release.
About Stevens Gold
Stevens Gold (CSE:SG, OTCQB:STVGF, FSE:311) is engaged in the business of mineral exploration and the
acquisition of mineral property assets in North America. Stevens Gold is exploring the optioned
Millennium Gold property in Arizona. The Millennium Gold property consists of three State mineral leases
totaling 1,920 acres and is in the general vicinity of the Oatman mining district where over 2 million ounces
of bonanza-grade gold has been discovered and where Equinox's Castle Mountain open pit gold mine is
located, please see the Technical Report filed on SEDAR for more information.
ON BEHALF OF STEVENS GOLD NEVADA INC.
“Charles MaLette”
CEO, President, Director & Secretary
T: 604-428-5171
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities. In addition, the
securities described herein have not been and will not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state and may not be offered or sold within the United States or to or for the benefit
or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.
Forward-Looking Information:
This press release includes forward -looking information within the meaning of Canadian securities legislation, concerning the
business of Stevens Gold. Forward -looking information is based on certain key expectations and as sumptions made by the
management of Stevens Gold. In some cases, you can identify forward -looking statements by the use of words such as “will,”
“may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential, ” “continue,”
“likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions.
Forward-looking statements in this press release include that: the Company will undertake its maiden drill program to confirm
historic gold mineralization intersected in 2008; the Company has submitted its application for a drill permit to the Arizona State
Lands Department and is currently awaiting their review and approval; and the Company is not aware of any legal, political,
environmental, or other risks that could materially affect the potential development of the project. Although Stevens Gold
believes that the expectations and assumptions on which such forward- looking information is based are reasonable, undue
reliance should not be placed on the forward- looking information because Stevens Gold can give no assurance that they will
prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements.
Actual results may vary from the forward -looking information in this news release due to certain material risk factors described
in the Corporation’s Annual Information Form under the heading “Risk Factors” and the failure to complete the Offering on the
terms set forth herein in a timely manner or at all, the risk that regulatory approvals will not be received and the risk that changing
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circumstances will result in the proceeds being used in a manner other than as set forth herein. The Company cautions that th e
foregoing list of material risk factors and assumptions is not exhaustive.
The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required
to do so under Canadian securities legislation.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy
of the contents of this release.