Positive Record Of Decision On Plan Of Operations Permit At Limousine Butte

VANCOUVER - NevGold Corp. has received approval of the Limousine Butte Exploration Plan of Operations Permit (PoO) from the Bureau of Land Management (BLM). This is a significant permitting milestone for the Limousine Butte Project and expands the amount of disturbance allowed for exploration drilling and other activities to 200 acres, from the current 15 acres allowed under three Exploration Notices at the Project. The BLM announced their decision by posting a positive Record of Decision (ROD) and Finding of No Significant Impact (FONSI) regarding the Exploration Plan of Operations permit.

PoO will allow for up to 200 acres of combined surface disturbance to be conducted within the PoO boundary; the Company previously had 15 acres of disturbance under three Exploration Notices at the Project, and the newly approved PoO significantly expands the potential disturbance area. The PoO allows for exploration drilling and other activities across the entire Project area; areas that could not be drilled or explored previously will be targeted with both gold and base metals potential.

CEO, Brandon Bonifacio, said, “The approval of our Exploration Plan of Operations is a significant permitting milestone for Limo Butte, and we sincerely appreciate the support of the BLM and local permitting agencies who helped achieve this milestone. Having the permit approval allows for up to 200 acres of possible disturbance which opens many new areas for exploration activities targeting both gold and base metals potential. We have identified the next phase of drill targets at Limo Butte with drilling planned along strike at our Resurrection Ridge and Cadillac Valley target areas with the goal of advancing to a near-term Mineral Resource Estimate (MRE). Further to the gold targets, there is significant base metals potential at the north and south end of the Project as we trend closer to the Butte Valley copper porphyry project (Freeport-McMoran) and Selena CRD project (South32), both of which are being actively explored. The Limo Butte district remains one of the most active in Nevada and we have a key portion now permitted for the next phase of development and exploration.”