| Announcement Date: | 2022-02-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | NevGold Corp. |
| Project name: | Limousine Butte |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 61.6m @ 2.19g/t Au from 81.7m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia – February 8, 2022 – NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQB:NAUFF) (Frankfurt:5E50) is pleased to announce assays from the first four holes of the drilling program at its Limousine Butte Project, Nevada (the “Project”) located on the southern part of the Carlin Trend. The initial holes are part of the Company’s inaugural 10,000 meter drill program at the Project and further assays from the program are expected shortly. Drill results will continue to be released for the remainder of the first half of 2022. The Company has engaged Paradox Public Relations Inc. (“Paradox”) based in Montreal to provide investor relations services. The agreement has a term of up to 36 months, effective February 8, 2022 and may be terminated at any time without charge by either party by giving 30 days’ notice in writing. Paradox will be paid a monthly fee of C$10,000 and will be granted 260,000 options with a three year term vesting in four equal quarterly tranches over twelve months, in accordance with the Company’s stock option plan and Policy 3.4 of the TSX-V. The options will be priced in the context of the market. The Investor Relations Agreement and granting of stock options are subject to TSX Venture approval. |
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