Nevada Gold Holdings Inc. Commences Exploration Drilling at its Tempo Prospect
18 Novembro 2009 - 7:30PM
Business Wire
Nevada Gold Holdings, Inc. (the "Company") (OTCBB: NGHI), a
mineral exploration company focused on identifying and developing
large-scale gold deposits in Nevada, announced today that the
Company has commenced exploration drilling at its Tempo prospect,
located on the southern extension of the north-south trending
Rabbit Creek Gold Trend, a prolific Nevada gold belt containing at
least 80 million known ounces of gold.
The first phase of the drilling program for Tempo will consist
of testing envisioned structures with four to ten vertical reverse
circulation drill holes. Drilling contractor, Rimrock Drilling Co.,
will drill the holes to a maximum depth of 1,500 feet, and assay
results from the holes will be evaluated by the Company to
determine the second phase of the drilling program next spring.
The Company controls 206 contiguous lode mining claims, totaling
approximately 4,000 acres, in the Tempo property. The land position
effectively controls an entire district-scale exploration
opportunity with all the ingredients that could indicate several
large, +1 million-ounce, deposit discoveries.
About Nevada Gold Holdings, Inc.
Headquartered in Walnut Creek, CA, Nevada Gold Holdings, Inc.
engages in the acquisition, exploration, and development of gold
properties. The Company’s experienced management seeks to identify
world class gold deposits by applying advanced geological and
geophysical methods to high potential exploration properties
located in the productive gold mining regions of Nevada. The
Company currently holds a lease on one property, the Tempo
prospect, located approximately 20 miles northwest of Austin,
Nevada. Tempo consists of 206 contiguous unpatented lode claims,
totaling about 4000 acres, and is located within the north-south
trending Rabbit Creek Gold Trend. The Company’s current plan is to
explore for gold at Tempo and to acquire future exploration
prospects, and ultimately to develop Nevada Gold Holdings into a
successful exploration company.
More information about the Company may be found at:
www.nevadagoldholdings.com
Forward-Looking Statements
Certain statements in this press release that are not historical
facts are "forward-looking statements." Such statements may be
identified by the use of words such as "anticipate," "believe,"
"expect," "future," "may," "will," "would," “could.,” "should,"
"plan," "projected," "intend," and similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking
statements. The Company's future operating results are dependent
upon many factors, including but not limited to: (i) the Company's
ability to obtain sufficient capital to fund its current and
proposed planning, exploratory, and drilling activities; (ii) the
risk that a commercially exploitable gold deposit will not be found
on the Company’s property; (iii) the Company’s ability to locate
and acquire future exploration prospects; (iv) the Company’s
ability to attract and retain qualified professionals; (v) the
price of gold on the world markets; (vi) competitive factors and
developments beyond the Company's control; and (viii) other risk
factors discussed in the Company's periodic filings with the
Securities and Exchange Commission, which are available for review
at www.sec.gov under "Search for Company Filings."
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