Nevada Pacific Gold Ltd.: High Grade Gold Intersected in
Core Drill Hole at Limousine Butte
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 7, 2004) - Nevada
Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) wishes to
announce assay results for core drill hole RRC04-07 recently
completed at the Company's 100% owned Limousine Butte project
located in White Pine County, Nevada. The thirteen square mile
Limousine Butte project is situated along the projected and
untested southern extension of the Carlin Trend. The property
covers a very large hydrothermal gold system that exhibits
alteration features indicative of sediment/structure hosted gold
deposits found on the Carlin Trend and elsewhere in Nevada.
The drill hole's location and orientation were chosen to test
structural intersections, lithology, continuity, orientation and
mineralogy of the high-grade mineralization found in the
Resurrection Ridge area.
The newly received results for core drill hole RRC04-07,
including a 90 foot intersection averaging 0.176 ounce per ton
gold, are summarized in the table below:
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Hole From To Intersection in Feet
Number (feet) (feet) Gold Grade in Ounces
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RRC04-07 290 305 15 feet averaging 0.111 ounce per ton Au
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355 445 90 feet averaging 0.176 ounce per ton Au
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Including 385 445 60 feet averaging 0.248 ounce per ton Au
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Including 385 405 20 feet averaging 0.388 ounce per ton Au
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Including 425 435 10 feet averaging 0.400 ounce per ton Au
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The above drill results are a continuation of the reverse
circulation drill program conducted in late 2003 which was
designed to test the continuity of the Resurrection Ridge
high-grade gold mineralization found in drill hole LIM-46
completed in a 2000 drill test by Newmont Mining. The results for
these drill holes, RR03-1 and RR03-2, as well as the previously
released results for LIM-46, are summarized in the table below:
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Hole From To Intersection in Feet
Number (feet) (feet) Gold Grade in Ounces
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LIM-46 415 485 70 feet averaging 0.137 ounce per ton Au
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including 415 445 30 feet averaging 0.260 ounce per ton Au
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RR03-1 375 530 155 feet averaging 0.061 ounce per ton Au
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including 405 455 50 feet averaging 0.162 ounce per ton Au
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including 415 440 25 feet averaging 0.269 ounce per ton Au
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RR03-2 270 465 195 feet averaging 0.050 ounce per ton Au
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including 380 410 30 feet averaging 0.123 ounce per ton Au
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All three Nevada Pacific drill holes contain similar lithologies
(rock type) and alteration as seen in the previously drilled
Newmont hole LIM-46 and appear to crosscut the same gold bearing
structure previously encountered. In addition, the zone of clay
alteration and jasperoid breccia is significantly thicker in the
three Nevada Pacific angle holes than the previous Newmont
vertical hole. These wider zones of alteration correspondingly
host significantly thicker zones of gold mineralization. In drill
hole RRC04-07 the upper 15 feet of 0.111 ounce per ton gold
mineralization, suggests that other zones of significant grade
may be present parallel to the known high-grade zone at
Resurrection Ridge.
Management of Nevada Pacific Gold is encouraged with the results
to date and will continue to explore and develop the extensions
of the high-grade mineralization as well as other targets on the
Limousine Butte property.
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's
property portfolio covers 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
-30-
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.
