VANCOUVER, BC, July 3, 2020 /CNW/ - New Placer Dome Gold
Corp. ("New Placer Dome" or the "Company") (TSXV:
NGLD) (FSE: BM5) announces Mac
Jackson, P.Geo has joined the Company's advisory board as a
technical advisor.
Maximilian Sali, CEO of New
Placer Dome comments "Mr. Jackson is a Carlin expert in Nevada, having contributed to the discovery of
several multi-million ounce gold deposits including two Newmont
deposits and most recently Gold Standard Ventures, where he was VP
of Exploration from 2014 to 2019. Mr. Jackson came highly
recommended by the Liberty Gold technical team and we are pleased
to have him join our technical advisory board."
Mr. Jackson has worked as an exploration geologist since
receiving a Master of Science from the University of Nevada-Reno in 1988. Most of
his career has been spent leading teams in the exploration for
Carlin-type deposits in
Nevada and managing exploration
budgets of up to $20M. He has
helped bring several deposits, including deep Carlin targets, from early exploration and
discovery through development. He is an AIPG certified
professional geologist.
The Company granted Mr. Jackson 200,000 incentive stock options
at a price of $0.52 per common
share for a period of five (5) years. An additional 500,000
options have been granted to consultants at a price of $0.52 cents for a period of five (5) years.
About New Placer Dome Gold Corp.
New Placer Dome Gold
Corp. is a gold exploration company focused on acquiring and
advancing gold projects in Nevada.
New Placer Dome's flagship Kinsley Mountain Gold Project, located
90 km south of the Long Canyon Mine (currently in production under
the Newmont/Barrick Joint Venture), hosts Carlin-style gold
mineralization, previous run of mine heap leach production, and NI
43-101 indicated resources containing 418,000 ounces of gold
grading 2.63 g/t Au (4.95 million tonnes) and inferred resources
containing 117,000 ounces of gold averaging 1.51 g/t Au (2.44
million tonnes)1. The Bolo Project, located 90 km
northeast of Tonopah, Nevada, is
another core asset, similarly hosting Carlin-style gold
mineralization. New Placer Dome also holds an option to acquire
100% of the Troy Canyon Project, located 120 km south of
Ely, Nevada. New Placer Dome is
run by a strong management and technical team consisting of capital
market and mining professionals with the goal of maximizing value
for shareholders through new mineral discoveries, committed
long-term partnerships, and the advancement of exploration projects
in geopolitically favourable jurisdictions.
Qualified Person
The scientific and technical
information contained in this news release has been reviewed
and approved by Kristoper J. Raffle, P.Geo. (BC) Principal and
Consultant of APEX Geoscience Ltd. of Edmonton, AB, a Director of New Placer Dome
Corp., and a "Qualified Person" as defined in National Instrument
43-101 – Standards of Disclosure for Mineral
Projects. Mr. Raffle verified the data disclosed which
includes a review of the analytical and test data underlying the
information and opinions contained therein.
______________________________
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1
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Technical Report and
updated estimate of mineral resources on the Kinsley Project, Elko
County, Nevada, U.S.A., effective January 15, 2020 and prepared by
Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary
L. Simmons, MMSA under New Placer Dome Gold Corp.'s Issuer Profile
on SEDAR (www.sedar.com).
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On behalf of the Board of Directors,
/s/ "Max Sali"
Max
Sali, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Forward Looking Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, statements that address the
technical, financial and business prospects of the Company, its
projects and other matters. All statements in this news release,
other than statements of historical facts, that address events or
developments that the Company expects to occur, are forward-looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Such statements and
information are based on numerous assumptions regarding present and
future business strategies and the environment in which the Company
will operate in the future, including the price of gold and other
metals, the ability to achieve its goals, that general business and
economic conditions will not change in a material adverse manner,
that financing will be available if and when needed and on
reasonable terms. Such forward-looking information reflects the
Company's views with respect to future events and is subject to
risks, uncertainties and assumptions, including those filed under
the Company's profile on SEDAR at www.sedar.com. Factors that could
cause actual results to differ materially from those in forward
looking statements include, but are not limited to, continued
availability of capital and financing and general economic, market
or business conditions, the impact of Covid-19 or other viruses and
diseases on the Company's ability to operate, adverse weather
conditions, failure to maintain all necessary government permits,
approvals and authorizations, increase in costs, litigation, and
failure of counterparties to perform their contractual obligations.
Investors are cautioned that forward-looking statements are not
guarantees of future performance or events and, accordingly are
cautioned not to put undue reliance on forward-looking statements
due to the inherent uncertainty of such statements. The
forward-looking statements included in this news release are made
as of the date hereof and the Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities
legislation.
SOURCE New Placer Dome Gold Corp.