Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

June 06, 2006 09:32 ET

Nevada Pacific Completes Drill Program at Timber Creek

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2006) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is please to announce that it has completed the previously announced Phase I drilling program on the Company's 100% owned Timber Creek property (see NPG Release # 06-09, April 26, 2006). A total of 23 holes were drilled totaling 11,260 feet.

The drill program consisted of predominately angle drill holes designed to test geophysical and structural targets that extend out and away from the range front under pediment cover. These targets are similar to those found at Newmont's Lone Tree mine and Glamis Gold's Marigold mine. Other targets of interest drilled were geophysical and structural targets that lie on the outer edges of a significant copper/moly porphyry that lies partially on ground controlled by NPG. This target shows some similarity to Newmont's Phoenix/Fortitude mine located five miles northeast of the project area.

Assay results to date show that drill hole TCR06-03 encountered 20 feet of 0.02 opt gold from 130 feet to 150 feet, under 130 feet of pediment cover. This zone appears to be structurally or stratigraphically controlled and further drilling is warranted in this area. Assay results for drill holes TCR06-15 and TCR06-16, located 2 miles northwest of TCR06-03 returned significant base-metal assays. Drill hole TCR06-15 was drilled to 500 feet and bottomed in 100 feet of 0.209% zinc and 910 ppm copper from 400 to 500 feet. Drill hole TCR06-16 was drilled to 540 feet and bottomed in 300 feet of 0.19% zinc (including 100 feet of 0.27% zinc from 440 to 540 feet) and 653 ppm copper. These two holes lie on the southeast edge of what appears to be an area of base-metal zoning related to the copper/moly porphyry exposed in trenching 3,000 feet north of the area drilled. Further drilling in this area is warranted and will begin once additional drill sites have been approved.

Assay results are still pending for drill holes TCR06-18 through TCR06-23. All material from the drill program has been sent to ALS Chemex to be assayed. Once all the remaining assay results have been received they will be released.

Curt Everson, P.Geo., M.Sc., is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company in Nevada.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns an exploration property portfolio covering approximately 890 square miles of mineral rights in Mexico including the Magistral Gold Mine and an exploration property portfolio covering approximately 85 square miles of mineral rights in the State of Nevada. A description of these projects, including maps and photographs, can be viewed on the Company's website at www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"David Hottman"

Chairman

Cautionary Statement on Forward-Looking Information

Certain information set forth in this report contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties including: the results of current operation and exploration activities; market reaction to future operation and exploration activities; significant changes in metal prices; currency fluctuations; increases in production costs; differences in ore grades; recovery rates; and tonnes mined from those expected; changes in mining, or heap leaching rates from currently planned rates; the timing and content of work programs; geological interpretations; receipt and security of mineral property titles; general market and industry conditions; and other factors detailed in the Company's public filings.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company's actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements, and accordingly, no assurance can be given that the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nevada Pacific Gold Ltd.
    Erick Bertsch
    (604) 646-0188
    or
    Nevada Pacific Gold Ltd.
    David Hottman
    (604) 646-0188
    (604) 646-0189 (FAX)
    www.nevadapacificgold.com