Nevada Pacific Gold Ltd.

Nevada Pacific Gold Ltd.

June 06, 2005 14:17 ET

Nevada Pacific Provides a Summary of Magistral Mine Operating Activities for April 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG) wishes to announce operating results for the Magistral Mine for the month of April 2005. The Company is releasing the mine operating results for April 2005 in advance of the regular quarterly report to provide investors with additional transparency of the mines operations. Nevada Pacific cautions that the practice of releasing monthly mine operating summaries is temporary and will not be a continuing practice going forward.

During the month of April 2005 the Magistral Gold Mine produced 2,057 gross ounces of gold, and sold 1,703 ounces at an average price of US$427. Management wishes to reiterate previously announced guidance of cash costs of USD$295 for the fourth fiscal quarter. During the month of April 2005 a total of 116,426 tonnes of ore and 361,154 tonnes of waste were mined with a waste to ore strip ratio of 3.1:1.0. The average grade of the mined ore was 2.1 grams gold per tonne for a total of 7,871 ounces gold placed on the leach pad for the month of April (13,177 ounces was placed during the third fiscal quarter).

Operational overview

Month Jan-05 Feb-05 Mar-05 Apr-05

Ore tonnes 50,666 80,287 75,343 116,426
Gold grams per tonne 1.778 2.140 1.963 2.103
Gold ounces mined 2,897 5,525 4,755 7,871
Waste tonnes 437,954 303,616 351,330 361,154
Total tonnes 488,620 383,903 426,673 477,580
Waste to ore strip ratio 8.6 3.8 4.7 3.1
Tonnes per ounce 169 69 90 61
Ounces Produced 1,715 1,403 1,990 2,057

Operational efficiencies at the mine continued to improve with new monthly records established. Tonnes of ore mined were 116,426 ore tonnes containing 7,871 ounces gold, tonnes of ore placed on the pad were 97,989 tonnes containing 6,828 ounces gold and average crusher through put increased to 238 tonnes per hour from 216 tonnes per hour in the fiscal third quarter.

The recoverable gold inventory remaining on the heap leach pad at April 30, 2005 was estimated to be 9,631 ounces, an increase of 2,449 ounces from March 31, 2005. The Company anticipates that the inventory will continue to increase during the fourth quarter.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the operating 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


Richard J. Barclay, CEO and President

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 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.

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