Nevada Pacific Gold Ltd.

Nevada Pacific Gold Ltd.

March 09, 2005 11:08 ET

Nevada Pacific Reviews 2005 Exploration on Joint Venture Properties




MARCH 9, 2005 - 11:08 ET

Nevada Pacific Reviews 2005 Exploration on Joint
Venture Properties

CALGARY, ALBERTA--(CCNMatthews - March 9, 2005) - Nevada Pacific Gold
Ltd. (TSX VENTURE:NPG) is pleased to provide an exploration update on
three Joint ventured projects Keystone, Limousine Butte and BMX. Placer
Dome U.S. can earn a 60% interest in these properties by spending US$5
million on Keystone and US$4 million on Limousine Butte and BMX
respectively over 5 years. Placer Dome U.S. can earn a further 15% in
Keystone and Limousine Butte and 10% in BMX respectively by completing
full feasibility studies. Placer Dome U.S. is preparing a series of
exploration and drilling programs for these properties in 2005.

The BMX project, 100% owned covers approximately 20 square miles in the
northeastern portion of the Battle Mountain/Cortez Trend located in
Humboldt and Lander Counties, Nevada. Existing mines within seven miles
of the BMX property have produced or have resources totaling over
26,000,000 ounces of gold. The southern portion is centered on the
metamorphic effect caused by the Long Peak and Copper Basin intrusives
and in the northern portion of the project by the Elder Creek porphyry.

In February of 2005 Placer Dome U.S. acquired earn in rights to the Long
Peak property, which has been included in the joint venture agreement
governing the BMX property. The Long Peak property is adjacent to the
Bluebird portion of the BMX property. Historical drilling in the
Bluebird/Long Peak area resulted in the northern most drill hole
(DEW98-07) containing 10' of 0.135 opt gold from 25' to 35' and the
southern most drill hole (DDH-1), located 5,000 feet south of DEW98-07,
containing 3.5' of 0.767 opt gold, 32.5 opt silver, 0.83% Pb and 0.55%
Zn from 910' to 913.5'. Three other holes also reported significant
mineralization as follows: 50 feet of 0.147 opt gold; 50 feet of 0.058
opt gold; and 10 feet of 0.057 opt gold and 3.35 opt silver. Placer Dome
U.S., under the operational guidance of Nevada Pacific, plans to explore
and drill the Bluebird/Long Peak area in 2005.

The Keystone Project, 100% owned is comprised of 338 claims, 11 square
miles. The project lies just 12 miles south of the Cortez Joint Venture
(60% Placer Dome and 40% Kennecott), and is located on the Battle
Mountain/Cortez Gold Trend. As a result of fieldwork conducted during
the fall of 2004 by Placer Dome U.S. two priority areas have been
identified. Currently Placer Dome U.S.'s planned 2005 exploration and
drilling program will focus on these areas.

The Limousine Butte project, is 100% owned situated along the projected
southern extension of the Carlin Trend. The 30 square mile property
covers a very large hydrothermal gold system that exhibits alteration
features indicative of sediment and structure hosted gold deposits found
on the Carlin Trend and elsewhere in Nevada. A large quartz porphyry
stock has intruded the sediments and the related copper-gold porphyry
system has extensively altered and mineralized both the intrusive and
the surrounding sedimentary rocks. Historical exploration has identified
a 9 mile long area hosting five oxide gold zones containing a
mineralized inventory of approximately 620,000 ounces of gold.

In late 2003 and early 2004 multiple reverse circulation and core drill
holes were completed at Resurrection Ridge. The drill hole locations and
orientations tested structural intersections, lithology, continuity,
orientation and mineralogy of the high grade gold drilled in the
Resurrection Ridge area. Positive results from the drilling included: 50
feet of 0.162 opt gold in drill hole RR03-1; 30 feet of 0.123 opt gold
in RR03-2; and 60 feet of 0.248 opt gold in RRC04-07.

From To
Hole Number (feet) (feet) Intersection in Feet Gold Grade in Ounces
RRC04-07 290 305 15 feet averaging 0.111 ounce per ton Au
355 445 90 feet averaging 0.176 ounce per ton Au
Including 385 445 60 feet averaging 0.248 ounce per ton Au

Placer Dome U.S. has completed detailed geologic mapping and sampling in
the Resurrection Ridge pit area and to the southwest. Current data
indicates the potential for additional mineralization to extend for an
unknown distance southwest of the area. Placer Dome U.S.'s planned 2005
exploration and drilling program will focus on Resurrection Ridge
including an area extending to the southwest.

Additional information regarding each exploration program will be
released as available.

Mr. Curt Everson, P.Geol., 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 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 Battle Mountain/Cortez trend and the Carlin Trend. 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


"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. Nevada Pacific Gold
Ltd'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 Nevada Pacific Gold Ltd. will
derive there from. Nevada Pacific Gold Ltd. disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.


Contact Information

    Nevada Pacific Gold Ltd.
    David Hottman
    (604) 646-0188
    (604) 646-0189 (FAX)
    No securities regulatory authority or stock exchange has reviewed or
    accepts responsibility for the adequacy or accuracy of this release.