Nevada Gold Holdings Inc.
Nevada – Favorable to Gold Mining and Investors in Nevada Gold Holdings
Nevada Gold Holding's focus is on gold exploration in Nevada – a world-famous and mining-friendly state. In 2005, approximately 7 million ounces of gold were produced in Nevada, placing Nevada third behind politically unstable South Africa, and Australia. Nevada produces 75% of the US gold production and 10% of the annual global take. The state is home to some of the largest known gold deposits on earth.
Over the last two decades, the development and expansion of mines such as Goldstrike/Betze-Post, Meikle, Pipeline, Round Mountain, Twin Creeks and Gold Quarry have proven Nevada is a key global gold producer. The infrastructure in Nevada for recovery of gold from a variety of ore types has dramatically improved with increased capital investment by major mining companies and global investors.
Dave Mathewson has built his entire career on prospecting, exploring and developing world class gold deposits in Nevada. He has spent more than 35 years in the state analyzing all of the different opportunities. Dave has personally identified several gold deposits containing a composite of more than 5 million ounces and managed Newmont Mining's Great Basin and Carlin Trend exploration programs that were responsible for discovering and significantly expanding several additional gold deposits.
Throughout his successful career, Dave has been constantly on the lookout for high potential gold exploration properties. The property that forms the foundation of Nevada Gold Holdings is one of the best exploration properties Dave believes that he has seen. He believes the property is capable of finding a world class deposit in the 5 million ounce range
Nevada Gold Holdings Inc. Commences Trading on OTCBB
FERNLEY, Nev., May 15, 2009 (BUSINESS WIRE) -- Nevada Gold Holdings, Inc. (OTCBB: NGHI), a mineral exploration company that focuses exclusively on identifying and developing large-scale gold deposits in Nevada, has commenced trading as a public company on the Nasdaq Over-The-Counter Bulletin Board under the symbol "NGHI".
"This is an exciting time for us, and we are pleased to have Nevada Gold Holdings pass this important Company milestone. The public markets will provide additional exposure for the Company to both institutional and retail investors that are looking for high quality exploration opportunities focused in Nevada," commented Dave Mathewson, President and Chief Geologist of Nevada Gold Holdings, Inc. "Investors can keep abreast of our developments through our corporate website and public filings."
About Nevada Gold Holdings, Inc.
Headquartered in Fernley, NV, Nevada Gold Holdings, Inc. engages in the acquisition, exploration, and development of gold properties. The Company's experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods to high potential exploration properties located in the productive gold mining regions of Nevada. The Company currently holds a lease on one property, the Tempo prospect, located approximately 20 miles north of Austin, Nevada. Tempo consists of 146 contiguous unpatented lode claims, totaling 2,920 acres, and is located within the north-south trending Rabbit Creek Gold Trend. The Company's current plan is to explore for gold at Tempo and to acquire future exploration prospects, an ultimately to develop Nevada Gold Holdings into a successful exploration company.
Approximately 160 holes previously drilled within property Property originally identified and staked as a gold prospect by well-known, successful Nevada prospector, Lyle Campbell, in 1968
146 contiguous unpatented lode claims, approx. 2920 acres, 4.6 square miles, controls numerous indicated district-scale target opportunities
Tempo prospect is located on the southern portion of the north-south trending Rabbit Creek Gold Trend, a prolific gold belt containing at least 50 million known ounces of gold
Approximately 160 holes previously drilled within property
- approx. 70% of holes were 300 feet, or less, deep
- approx. 65% of holes intersected significant gold >100ppb to 0.32ozAu/st
- Geology, geochemistry and alteration is “typical” Carlin gold deposit-style
Abundant data generated by several previous companies, data include:
- geologic maps
- abundant rock and soil geochemistry
- drill hole logs and assays
- some gravity data and ground magnetic surveys
- Nothern Target: Lower-plate carbonate rocks. Large areas of decarbonization and jasperoids with anomalous gold and arsenic.
- Skarn Target: Lower-plate corbonates intruded by Laramide diorites with accompanying scarn alteration. Low-levels of gold encountered in sparce drill holes.
- Central Target: Gold and arsenic in soils, up to 6.5 ppm Au, straddling upper-plate carbonates.
- Southern Target: 5000 foot soil and rock anomaly in upper plate sliciclastic rocks. Trench anomalies ranging from 0.30 to 0.56 ozAu/st, and drill hole intercepts of 10 to 80 feet ranging from 0.025 to 0.164 ozAu/st in holes drilled to 205 ft.
David Mathewson and a jasperoid zone
The southern gold target
The Maloy dump (quartz
vein with 5-6ppm gold
Nevada Gold Holdings Inc. Appoints Dave Mathewson as CEO, President and Chief Geologist
FERNLEY, Nev., May 18, 2009 (BUSINESS WIRE) -- Nevada Gold Holdings, Inc. (OTCBB: NGHI), a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to announce that at the end of 2008, Dave Mathewson was appointed as CEO, President and Chief Geologist of the Company.
Dave Mathewson is well known in the Nevada gold community. He has been an exploration geologist for over 35 years and has spent the last 20 years focusing in Nevada. Mr. Mathewson is one of a handful of successful geologists in Nevada who has consistently found large commercial gold discoveries. One of his biggest successes was as head of Newmont Mining's Great Basin and Carlin Trend exploration programs. During a 12-year period of time with Newmont, Mr. Mathewson and his teams were directly responsible for the discovery and expansion of more than 25 million ounces of gold. Prior to Nevada Gold, his junior public company experience was as Head Geologist and Vice President of Exploration with Tone Resources, which traded on the Toronto Venture Exchange and was acquired by US Gold (NYSE: UXG).
Mr. Mathewson has often made contrarian bets based on his vast knowledge of North Central Nevada geology and gone against popular belief to explore where no one else has been interested. Such risks have paid off greatly during his career. Mr. Mathewson discovered approximately five million ounces of gold in the Rain district of Nevada among four separate deposits. Mr. Mathewson also led Newmont's Great Basin exploration team which was responsible for the discovery of the three to five million ounce Peninsula gold-bearing gravel deposit south of Battle Mountain. As Manager of Exploration for Newmont on the Carlin Trend, the exploration team discovered significant extensions of gold mineralization at Newmont's Gold Quarry mine and Mike deposit, comprising an additional probable 10 to 15 million ounces. During his tenure with Newmont Mining, Mr. Mathewson was involved with and drove the process of numerous acquisitions, many of which led later to discovery of gold deposits.
"I am very excited to take on this endeavor," said Mr. Mathewson. "My goal is to build a portfolio of exploration properties with world class gold deposits, developing the Company into a prestigious exploration company. I believe these efforts will enhance value for our shareholders."
Carl Pescio of Allied Nevada Gold (NYSE: ANV) has personally known Dave Mathewson for many years. The two have collaborated together on various projects in the past. Mr. Pescio said, "I hold Dave's geological capabilities in high regard, and I believe Dave Mathewson is one of the best geologists an exploration company can have for Nevada."
About Nevada Gold Holdings, Inc.
Headquartered in Fernley, NV, Nevada Gold Holdings, Inc. engages in the acquisition, exploration, and development of gold properties. The Company's experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods to high potential exploration properties located in the productive gold mining regions of Nevada. The Company currently holds a lease on one property, the Tempo prospect, located approximately 20 miles north of Austin, Nevada. Tempo consists of 146 contiguous unpatented lode claims, totaling 2,920 acres, and is located within the north-south trending Rabbit Creek Gold Trend. The Company's current plan is to explore for gold at Tempo and to acquire future exploration prospects, and ultimately to develop Nevada Gold Holdings into a successful exploration company.