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New Placer Dome hits grade at Kinsley Mountain

New Placer Dome Gold has reported high-grade intercepts including 7.6m grading 9.83 grams per tonne gold from a recently completed 2020 drilling at its Kinsley Mountain Carlin-style gold project in Nevada, USA.
New Placer Dome hits grade at Kinsley Mountain New Placer Dome hits grade at Kinsley Mountain New Placer Dome hits grade at Kinsley Mountain New Placer Dome hits grade at Kinsley Mountain New Placer Dome hits grade at Kinsley Mountain

New Placer Dome Gold's Kinsley Mountain project in Nevada, USA

Staff reporter

The programme included 17,970m in 39 reverse circulation holes and 4,360m in 10 diamond drill holes, and tested five target areas. With only 20% of Kinsley Mountain drill tested, the company is planning a 2021 drilling programme to build on multiple new discoveries and increase the current indicated and inferred resource.

"Last year, the New Placer Dome technical team recognised the potential of high-grade oxide gold values intersected within a limited number of drill holes adjacent to the historical heap-leach oxide main pit," said New Placer Dome founder and CEO Max Sali.

"We targeted the area with a modest campaign of 10 RC drill holes totalling 1,500m.

"The exceptional results released today point the way to future drilling to target these exceptionally high-grade oxide gold mineralisation zones."

Kinsley Mountain hosts a February 2020 of 4.9 million tonnes grading 2.63g/t for 418,000 ounces.

Shares in New Placer Dome Gold are trading at C20c, valuing the company at $18 million.