Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

November 09, 2006 09:29 ET

Nevada Pacific Core Drilling at Cornerstone Property on the Cortez Trend Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is pleased to announce the continuation of Phase II drilling on NPG's Cornerstone project located in Eureka County, Nevada. The 4.8 square mile Cornerstone project forms part of the Battle Mountain/Cortez Gold Trend and lies 12 miles southeast of the 10 million ounce Cortez Hills/Pediment deposit (Barrick 60% - Kennecott 40%), three miles east of the Company's 100% owned 11 square mile Keystone project and immediately adjacent to and internal to the Tonkin Springs gold property owned by US Gold.

The core drilling program will consist of approximately 4,000 feet of drilling in two holes and will be testing 1) the CSZ zone in the areas of trench #1 and trench #6 which contained gold values of 180' of 0.041 opt (ounce per ton) (including 30' of 0.204 opt) and 205' of 0.012 opt (including 75' of 0.021 opt), respectively, 2) the contact of the sediments and volcanics where gold values up to 0.291 opt are found in silicified ribs and jasperoid outcrops exposed in the area of volcanic cover and 3) the drilling will also aid in the identification of the local stratigraphy which presently is believed to be Devonian age Horse Canyon Formation and Devonian age Deny/Wenban, both of which host mineralization at Cortez Hills.

All samples will be prepared and assayed by ALS Chemex and will be reported once they have all been received. All work on the project is overseen by Curt Everson, P.Geo., M.Sc., 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)
    Website: www.nevadapacificgold.com