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New Placer Dome or the
Company ) (TSXV: NGLD) (OTCQB: NPDCF) (FSE: BM5) is pleased to report assay results for the initial nine reverse circulation ( RC ) drill holes completed during 2020 at its flagship Kinsley Mountain Gold Project ( Kinsley Mountain ) in mining friendly Nevada. Eight of the nine drill holes had significant gold intercepts and have the potential to increase mineral resources in several different zones.
Kinsley Mountain is located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture), hosts Carlin-style gold mineralization, hosts historical run-of-mine heap leach production, and has NI 43-101 indicated resources at the Western Flank Zone of 302,000 ounces of gold grading 6.11 g/t Au (1.54 million tonnes)