Junior drills in Carlin

Nevada Pacific Gold (NPG-V) has begun drilling on its South Carlin property in Nevada.

Initial drilling will test for gold associated with the Rain structural trend, which was projected to cross through the property. So far, about US$250,000 has been spent on surface exploration, and results indicate that gold mineralization occurs at shallow depths. Nevada Pacific has used gold and trace-element soil anomalies, as well as prominent gravity highs and northwesterly trending faults, to delineate three target areas. The initial 2-to-5-hole program will investigate a high-grade zone of mineralization within, and adjacent to, blocks of lower-plate limestone.

Nevada Pacific and Kennecott Exploration, a division of London-based Rio Tinto (RTP-N), are jointly exploring for gold deposits in the Carlin trend. The partners have agreed to finance all acquisitions on an equal basis and share early-stage exploration costs equally as well. However, Kennecott can earn up to a 60% interest on any selected property by spending $5.25 million on development.