CORE SAMPLING

NevGold adds second drill rig at Limousine Butte

Second rig added to NevGold drill programme Limousine Butte project in Nevada

 Aerial footage of the reverse circulation rig drilling the Cadillac Valley Target looking northeast toward Resurrection Ridge

Aerial footage of the reverse circulation rig drilling the Cadillac Valley Target looking northeast toward Resurrection Ridge

The second rig added to the Limousine Butte project is a reverse circulation (RC) unit contracted from Boart Longyear. There are currently two drill rigs at the project, one core rig and one RC rig. The addition of the second rig will expedite the 10,000m drill programme at the project with the goal of advancing towards a near-term, near-surface oxide gold resource.

Currently, both the Resurrection Ridge and Cadillac Valley target areas are being drilled. Resurrection Ridge and Cadillac Valley are the key near-term resource targets and the current programme incorporates a balance of resource delineation, resource expansion, and exploration holes.

NevGold has also announced that assay turnaround times at American Assay Lab in Reno, Nevada are tracking to expected timelines and the first batch of assays will be released imminently once fully received and that the core from the newly drilled holes is observed to be strongly oxidized

NevGold chief geologist, Derick Unger, said: "We are very excited to be adding a second drill rig at the project. This will allow us to drill both the Resurrection Ridge and Cadillac Valley areas simultaneously, which will drive material developments at the Limousine Butte Project as we progress to defining a near-surface oxide gold resource. The core we have pulled out of the ground to date is strongly oxidized and we are looking forward to receiving the completed assays very soon from the first batch of holes sent to the lab."