Nevoro Inc.

Nevoro Inc.

October 18, 2007 13:14 ET

Nevoro Announces Drilling Program

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - Nevoro Inc. ("Nevoro") (TSX:NVR) is pleased to announce plans for an 8,000 m reverse circulation (RC) drill program to test high priority targets on the St. Elmo, Silver King & Cross, Dome Hill, Monarch and Boulderfield projects.

Drilling is expected to begin within the next few weeks. It is anticipated that drilling will start, subject to weather conditions, at St. Elmo to be followed by drilling at Cross, Silver King, Dome Hill, Monarch and Boulderfield. The majority of the drill program is in areas with year-round accessibility, but St. Elmo and Dome Hill are at higher elevations where access might be difficult due to winter weather conditions. Drilling is expected to continue until the first quarter of 2008 and total costs are budgeted to be approximately US$1.2 million.

St. Elmo

The first phase of drilling at St. Elmo will be 10 holes totaling 1,600 m to test three targets. Six holes will test the on-strike and down-dip extensions of the St. Elmo vein, a high-grade, gold-silver epithermal vein accessed via a drift with two levels of underground workings. In 1990, a 361 kg (795 lb.) metallurgical sample of stockpiled vein material was sent to Hazen Research. The head grade of the sample averaged 80.9 g/t (2.36 oz./ton) gold and 39.4 g/t (1.15 oz./ton) silver and it was also found that 85 to 90% of the gold was recoverable using a combination of gravity and floatation.

Two holes are planned for the central saddle area where a low-angle, mineralized, thrust fault is crossed by high-angle faults thought to be feeder structures for mineralizing fluid. Mineralization at the past-producing Rosebud and Diamond Jim mines is related to these cross-cutting faults. The Diamond Jim mine produced silver, lead and zinc from 1934 until the 1950s. In addition to having potential for a large, low-grade, silver-base metal resource, there is also the potential for structural and stratigraphically controlled gold deposits. Steeply dipping structures east of the Diamond Jim assayed 13.7 g/t
(0.4 oz./ton) gold and two holes are planned to test this zone. A second phase of drilling at St. Elmo comprising 34 holes totaling 5,200 m is planned for the summer of 2008.

Silver King & Cross

Following completion of drilling at St. Elmo, seven holes totaling 1,200 m are planned to test the Cross property for Carlin-style mineralization. At Cross, an airborne magnetic survey completed by Anaconda outlined a 3 km wide magnetic anomaly, which is possibly related to a granodiorite intrusive under pediment cover. Mapping has identified altered granodiorite dikes that have intruded calcareous sedimentary rocks forming gold-bearing jasperiod deposits. This alteration and mineralization extends over a 3 km strike length along the pediment-outcrop contact and samples of the altered calcareous sedimentary rocks have assayed up to 5 g/t gold.

Sixteen holes totaling 2,700 m are planned for Silver King. The first six holes will be oriented in a fence pattern to examine several areas of interest including Anaconda's drilling in the 1980s. Drillhole SK1 intersected 83.8 m (275 ft.) averaging 0.21% copper, 0.23% zinc and 3.7 g/t silver while drillhole SK2 averaged 6.9 g/t silver over 95.7 m (314 ft.) and 0.1% copper, 0.13% zinc and 11.7 g/t silver over 110.3 m (362 ft.). These intercepts were not followed up. An induced polarization (IP) anomaly and a series of northwest-trending mineralized dikes and steeply dipping structures will also be investigated.

An additional hole will be completed to test for the potential northwest extension of the mineralized zone. Two holes will be completed to test a combined magnetic and IP anomaly with a coincident silver and copper soil geochemical anomaly. The remaining seven drillholes will examine a strongly altered structure with a coincident arsenic anomaly at the south end of the property.

Dome Hill

At Dome Hill, nine holes totaling 1500 m are planned to investigate three of the high-grade gold-silver, epithermal veins that have assayed as high as 30.8 g/t (0.9 oz./ton) gold. The Maybelle, Pierinni and Old Man veins have a combined strike length of 5,000 m and widths vary from 3 to 65 m. Mapping and sampling, currently underway, are extending the existing strike length of some of these structures as well as discovering additional veins that could be drilled, if warranted, later next year.


At Monarch, geophysical surveys are being completed to delineate a possible massive sulphide body. The mineralization observed in mapping was highly anomalous in copper, zinc, cobalt, nickel and vanadium and has similarities to Outokumpo-type massive sulphide deposits in Finland. Four drill holes totaling 700 m are planned for Monarch if the geophysical surveys define an anomaly.


Mapping and airborne geophysics have identified north- and northwest-trending structures with some of the north-trending structures having associated magnetic lows and resistivity high geophysical signatures. The magnetic lows are interpreted to reflect possible hydrothermal alteration and the resistivity highs are interpreted to reflect possible zones of silicification. The north-trending structures are parallel to the high-grade gold veins in the Discovery zone of the nearby Midway deposit. Several north-trending, high-grade veins averaging 149.8 g/t (4.37 oz./ton) gold over a true width of 1.79 m have been identified at the nearby Midway property. Nevoro plans to drill eight holes totaling 1,000 m at Boulderfield.

The qualified person under National Instrument 43-101 responsible for all technical data reported in this news release is Mr. Ken Brook, RPG, Vice President, Exploration for Nevoro Inc.

About Nevoro Inc.

Nevoro is a Canadian exploration company, listed on the Toronto Stock Exchange, currently focused on the discovery of precious metals in Nevada, USA. Nevoro now holds 12 projects in Nevada, 10 of these projects are wholly owned or optioned and two are currently leased to third parties. St. Elmo, Dome Hill, Silver King and Cross are the prime projects (100% Nevoro), and will be the focus of Nevoro's initial exploration effort.

For more information, please visit the Nevoro Inc. website at

CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Nevoro Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Nevoro Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Nevoro Inc. with securities regulators.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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