Nevada Pacific Gold Ltd.
TSX VENTURE : NPG

Nevada Pacific Gold Ltd.

October 13, 2005 11:42 ET

Nevada Pacific Intersects Additional Gold at Cornerstone Project on Cortez Trend

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 13, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) is pleased to announce the intersection of additional gold mineralization in drill hole CSR05-14 on its Cornerstone Project, located in Eureka County, Nevada. The 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 (Placer Dome 60% - Kennecott 40%), three miles east of the Company's 100% owned Keystone project and immediately adjacent to the 1.4 million ounce Tonkin Springs gold property owned by US Gold.

Hole CSR05-14 (drilled at -45 degrees to the south) intersected 120 feet grading 0.015 opt gold from 10 feet to 130 feet, including 50 feet of 0.029 opt gold from 80 feet to 130 feet and 20 feet of 0.046 opt gold from 80 feet to 100 feet. This hole is located on the same drill pad as the previously announced gold intercept in drill hole CSR05-02 containing 65 feet of 0.023 opt gold (PR# 05-30 September 21, 2005).

This drill intercept is further evidence that drilling to date lies along a low-grade halo of mineralization surrounding the high-grade zone intersected in Trench #1 (10 feet grading 0.32 opt gold contained within 162 feet grading 0.028 opt gold). Detailed mapping, soil geochemistry and trenching demonstrate this high-grade structure is oriented north/south.

Trench #1 is located 2,500 feet north of the Rooster Gold Deposit located on the Tonkin Springs property owned by US Gold and 1,000 feet southwest of Nevada Pacific Gold's Flag Zone. Drill hole CSR05-14 is also located 1,400 feet north of drill hole 401008 located on the U.S. Gold's Tonkin Springs property. This hole was drilled to a depth of 400 feet and contained 50 feet of 0.051 opt gold from 160 feet to 200 feet (including 10 feet @ 0.119 opt gold from 180 feet to 190 feet) and the bottom 130 feet of 0.055 opt gold from 270 feet to 400 feet (including 60 feet @ 0.093 opt gold from 340 feet to 400 feet).

The current exploration program at Cornerstone covers a surface area of some 12,500 feet x 1,200 feet with additional road cuts and drill pads having been permitted to follow up on the mineralization encountered in drill holes CSR05-02 and CSR05-14. Road cut samples (trench samples) have been submitted to ALS Chemex and the results will be reported at a later date.

A recent age date taken in carbonate rocks located to the west of the drilled and trenched area has demonstrated that previously mapped Ordovician age rocks are in fact early to middle Devonian in age, thus demonstrating the existence of more favorable lower plate host rock being exposed at surface. Additional age dates will be prepared and submitted over the next few weeks and the results of this work will be released at a later date.

All samples have been prepared and assayed by ALS Chemex. Gold results are determined using standard fire assay techniques with an atomic absorption finish on a 30-gram sample. Over limit samples (greater than 10.0 g/t) are re-assayed using a fire assay with a gravimetric finish. No capping factor for high-grade samples has been used in calculating the gold results presented. All work on the project is under the direction of Mr. Curt Everson P., Geo., M. Sc., the designated Qualified Person for the Cornerstone Project in accordance with National Instrument 43-101.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada. The Company's BMX, Keystone and Limousine Butte projects are under joint venture agreement to Placer Dome U.S. 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; differences in ore grades; 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 an, 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 of accuracy of this release.

Contact Information

  • Nevada Pacific Gold Ltd.
    Michael O'Connor
    (604) 646-0188
    (604) 646-0189 (FAX)
    or
    Nevada Pacific Gold Ltd.
    P.O. Box 48, Suite 750-625 Howe Street
    Vancouver, British Columbia, Canada V6C 2T6