NevGold Stakes Highly Prospective Zeus Copper Project Within The Hercules Copper Trend, Washington County, Idaho

NevGold ” or the “ Company ”)(TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is very pleased to announce that it was a first mover staking approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) contiguous tomineral claims held by Hercules Silver Corp. (“Hercules”, TSXV:BIG) within the emerging Hercules Copper Trend of southwestern Idaho. The Zeus Copper Project (“Zeus” or the “Project”) is located approximately 20 kilometres (Figure 1) southwest of the copper...

Vancouver, 04/04/2024 (informazione.news - comunicati stampa - industria)

” or the “ ”) ) is very pleased to announce that it was a first mover staking approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) contiguous tomineral claims held by Hercules Silver Corp. (“Hercules”, TSXV:BIG) within the emerging Hercules Copper Trend of southwestern Idaho. The Zeus Copper Project (“Zeus” or the “Project”) is located approximately 20 kilometres (Figure 1) southwest of the copper porphyry discovery made by Hercules ( ). Subsequent to the Hercules copper porphyry discovery, Barrick Gold Corp. (“Barrick", TSX:ABX, NYSE:GOLD) invested approximately $30 million for an approximate 15% equity stake in Hercules ( dated ).

The Zeus Copper Project covers some of the most prospective ground in the Hercules Copper Trend. Zeus is located immediately adjacent to the north, east, and south of Hercules' Mineral Project (see Figure 1) ( ) which is viewed as having the same geological potential as the Hercules copper porphyry discovery. This area of Idaho, named the “Mineral District”, was a significant historical copper producer that supported a smelting operation and hosts numerous historical mine workings. The geological mapping compiled by the United States Geological Survey (“USGS”) indicates that the Zeus Project is underlain by the same geology encountered at the Hercules Project.

 

 

Location & Infrastructure

The Zeus Copper Project is located 120 km northwest of Boise, Idaho and 40 km northwest of NevGold's Nutmeg Mountain gold project. The recent Hercules copper porphyry discovery is 20 km northeast of Zeus (see Figure 2). The area has strong road, water, and power infrastructure with numerous sources of power and water nearby, and a large network of access roads leading to the Project.

Land Position

NevGold has acquired approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) of mineral rights through claim staking by the NevGold team. The claims cover both Bureau of Land Management (“BLM”) and United States Forest Service (“USFS”) ground (see Figures 1 and 2).

District Geology

The Hercules Copper Trend is hosted in the Blue Mountain Province which is considered analogous to the Stikine and Quesnel terranes in British Columbia (“BC”), which host continental-scale trends of large porphyry copper deposits that include the Highland Valley, Red Chris, and Mt. Milligan mines in British Columbia (“BC”), and other large copper deposits such as Galore Creek (Figure 1). The Hercules copper porphyry discovery appears to be the first large-scale copper porphyry to be found in western Idaho and represents an entirely new district for potential copper discoveries along the North American craton boundary.

 

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NevGold plans an active exploration program at Zeus beginning in 2024. This program would include:

In January 2024, NevGold exercised its option to acquire 100% of the Nutmeg Mountain Gold Project in Washington County, Idaho. Previously, on August 17, 2023, NevGold announced a Mineral Resource Estimate at Nutmeg of 1,007,000 Indicated ounces of gold (51.7 Mt @ 0.6 g/t Au), and 275,000 Inferred ounces of gold (17.9 Mt @ 0.48 g/t Au) (see Note 1).

Details of the MRE are provided in a technical report entitled “ ” with an effective date of June 22, 2023, prepared in accordance with National Instrument 43-101 (“ ”) standards, which is filed under the Company's SEDAR+ profile.

Notes:

Rocks And Stocks News ("R&S") is a private entity owned and operated by Allan Barry Laboucan. He is based in Mexico, operating an online portal for precious metals and mining stocks. R&S discusses NevGold's news releases along with comments and/or opinions on its YouTube channel. The sponsorship agreement extends for 6 months for a total of C$15,000 that expires on September 5, 2024. Mr. Laboucan did not receive shares or options as compensation. At the time of the agreement, R&S and the Company were unrelated and unaffiliated entities. No buying or selling recommendations are made, no price projections on NevGold are given nor any financial advice. Mr. Laboucan does not own shares of NevGold Corp.

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, 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 Vice President, Exploration, who is NevGold's Qualified Person under National Instrument 43-101 and responsible for technical matters of this release.

NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.