Press Release

New Placer Dome expands its drilling program at Bolo and reports early positive signs at Kinsley Mountain

By Patrick Davis


New Placer Dome (TSX-V:NGLD | FSE:BM5)

In early August, New Placer Dome reported arsenic in drill samples as an early sign of positive drill results its Bolo gold-silver project in Nevada. They have now revealed qualitative hand held portable x-ray Fluorescence (XRF) analysis of the RC drill samples has confirmed the presence of pathfinder elements, this is a potential indicator of the presence of gold-silver mineralization and as a result they have decided to expand the originally planned 3,500 metres RC drill program at Bolo.

New Placer Dome Gold Corp. Expanding the drilling program at Kinsley Mountain – READ THE NEWS HERE.

Drill chip samples from the first 5 holes completed at Bolo have now been submitted to ALS Global for multi-element geochemical and gold fire assay analysis. The goal of the program is to find connecting mineralisation between the South Mine Fault and Uncle Sam zones and to target new discoveries below the existing gold mineralization.

Image -Diamond Drill Setup – Kinsley Mountain

Meanwhile, at its Kinsley Mountain gold-silver project over 1,500 metres in 6 RC holes have been completed to date. The initial drilling at Kinsley Mountain is focused on expanding the high grade Western Flank Gold Zone and the current drilling has intersected pyrite mineralized shale lithologies visually similar to historical well-mineralized intercepts. The drilling rate at Kinsley Mountain is now poised to increase with the addition of the diamond core rig and New Placer Dome expects to mobilize a second larger truck mounted RC drill rig in the coming weeks.

READ OUR SPECIAL REPORT – For a more detailed analysis of New Placer Dome (TSX-V:NGLD | FSE:BM5)


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Author: Patrick Davis

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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