Drilling to Commence at Nevada Pacific's Keystone
Project
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 6, 2004) - Nevada
Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) is pleased
to announce that all permits for a Phase I drill program have
been received for the Company's 100% owned Keystone project
located in Eureka County, Nevada. Earthwork to construct drill
roads and pads has begun and a 7,000 ft. drill program will
follow.
The Keystone project is located to the south of the Pipeline
Mine/Cortez Joint Venture (CJV) on the Battle Mountain - Cortez
Gold Trend and just 12 miles south of the new 10+ million ounce
Cortez Hills, Pediment and ET Blue discoveries. The property
includes base and precious metal mineralization that occurs along
the edge of the Keystone window in both upper and lower plate
rock, near the northern contact of a 33.4 Ma granodiorite stock.
Historic drilling shows indications of Carlin-style gold
mineralization with assays up to 4.3 g/t gold in lower-plate
jasperoids. Geophysical surveys have recently been completed
outlining a number of drill targets. Geochemical gold targets and
high-grade massive sulphide skarn mineralization (including float
boulders grading over 50% combined base and precious metals) will
be the focus of the drill program.
An emerging understanding of the geologic setting for the Cortez
Hills mineralization has allowed Nevada Pacific to identify and
acquire areas of similar geologic potential adjacent to the
original (1999) Keystone land package. With this expansion and
the newly acquired Pat Canyon property to the east, Nevada
Pacific has a significant land position of 14.5 square miles
astride the Cortez Trend; currently one of the most active
exploration areas in Nevada.
Additional information with regards to the Keystone exploration
program will be released as it becomes available.
Nevada Pacific Gold Ltd. owns and operates the 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.
