Nevada Pacific Completes Drill Targeting at Amador
Canyon Silver Project
VANCOUVER, BRITISH COLUMBIA--Nevada Pacific Gold Ltd. (TSXV -
NPG) is pleased to announce the completion of targeting for a
Phase I drill program at the Company's 100% owned Amador Canyon
Silver Project. The project is located four miles north of the
town of Austin in Lander County, Nevada in the northern portion
of the Reese River (Austin) Mining District. The project area is
unique in the district in that a wedge of quartzite and sandstone
with inter-layered graphitic shale and siltstone underlies it.
This type of stratigraphy is a good host for disseminated silver
mineralization and is evident by the numerous, widespread
gossanous zones and historic workings that occur across the
property.
Targets have been identified based on surface mapping,
geochemistry and results from the recently completed and
interpreted geophysical data. The Amador Canyon property has
never been drill tested and a program comprising 10,000 feet of
drilling will be completed to form the initial test of the
property. Permitting for this drill program is in process with
final approval expected soon.
Quantech Consulting Inc. completed a 24 line-kilometer gradient
array Induced Polarization (IP) geophysical survey over the main
area of surficial alteration and mineralization. In addition to
the gradient array coverage, two pole-dipole IP profiles,
totaling 3 line kilometers, were surveyed to confirm the initial
gradient results and to give depth-to-target estimates. Initial
IP results outline an area of relatively high conductivity and
chargeability consistent with a large body of disseminated
mineralization in the area of the historic workings.
Geologic mapping, coupled with regional airborne magnetic
geophysics indicate the presence of a large intrusive body on the
property. The IP anomalies form a halo around this body, and may
represent silver mineralization associated with its emplacement.
The chargeability and conductivity response appears to indicate
the presence of disseminated sulfides in the anomalous area,
though the flat veins mapped at surface give a somewhat elevated
response above this overall background. The intensity of the
anomalies appears to increase toward the eastern edge of the
grid, suggesting a vector toward a possible feeder structure for
this mineralization.
An area of unusually high conductivity was encountered at the
easternmost end of one of the pole-dipole profiles. Nevada
Pacific management believes this may represent abundant carbon
and/or sulphides and may be related to a high-angle
north-trending fault system. Surface rock chip sampling has
demonstrated the association of the silver mineralization to both
carbon and sulfides and has returned values of 8 to 125 opt
silver in outcrop containing carbon and 10 to 75 opt silver in
outcrop containing sulfides.
A ground magnetic and VLF survey was also completed over the
project area by Gradient Geophysics Inc. A total of 66 line
kilometers of data were collected over an area complementing the
IP grid and extending an additional 600 meters to the east. This
data supports the findings of the IP and airborne magnetic work
and outlines a strong north trending structural grain. The
intrusive rocks are clearly outlined and a major structural break
is mapped on the east side of the grid. This break may represent
a feeder structure.
Targets identified as a result of both geophysical and
geochemical programs will be drilled as soon as permissible. In
addition to this drill program, follow up geophysical surveys
will be designed to map the full extent of the anomalous
responses. Further details of all programs will be announced upon
their commencement.
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.
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 60 square
miles of mineral rights including portions of two significant
gold producing belts in the State of Nevada. The Company's BMX
project is optioned to Placer Dome. 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.
Richard J. Barclay, CEO and Director
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FOR FURTHER INFORMATION PLEASE CONTACT:
Nevada Pacific Gold Ltd.
David Hottman
(604) 646-0188
(604) 646-0189 (FAX)
Website: www.nevadapacificgold.com
No securities regulatory authority or stock exchange has reviewed
or accepts responsibility for the adequacy or accuracy of this
release.
