NevGold Stakes Highly Prospective Zeus Copper Project Within The Hercules Copper Trend, Washington County, Idaho

Vancouver, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is very pleased to announce that it was a first mover staking approximately 20 square kilometers (approximately 2,000 hectares, or 4,900 acres) contiguous tomineral claims held by Hercules Silver Corp. (“Hercules”, TSXV:BIG) within the emerging Hercules Copper Trend of southwestern Idaho. The Zeus Copper Project (“Zeus” or the “Project”) is located approximately 20 kilometres (Figure 1) southwest of the copper porphyry discovery made by Hercules (see Hercules Silver News Release dated October 10, 2023). Subsequent to the Hercules copper porphyry discovery, Barrick Gold Corp. (“Barrick", TSX:ABX, NYSE:GOLD) invested approximately $30 million for an approximate 15% equity stake in Hercules (Hercules Silver News Release dated November 6, 2023; and Barrick Gold News Release dated November 13, 2023).

The Zeus Copper Project covers some of the most prospective ground in the Hercules Copper Trend. Zeus is located immediately adjacent to the north, east, and south of Hercules’ Mineral Project (see Figure 1) (see Hercules Silver News Release dated October 2, 2023) which is viewed as having the same geological potential as the Hercules copper porphyry discovery. This area of Idaho, named the “Mineral District”, was a significant historical copper producer that supported a smelting operation and hosts numerous historical mine workings. The geological mapping compiled by the United States Geological Survey (“USGS”) indicates that the Zeus Project is underlain by the same geology encountered at the Hercules Project. Numerous examples of copper mineralization and copper porphyry alteration signatures were encountered by NevGold’s geologists during the recent staking campaign.

 

Figure 1 - NevGold Zeus Project Staking
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Figure 2 - Zeus Project Location and Hercules Copper Trend
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NevGold CEO, Brandon Bonifacio, comments: “We are extremely excited to announce our Zeus Copper Project within the Hercules Copper Trend of Washington County, Idaho. Due to our presence in this region of Idaho with Nutmeg Mountain, our 100% owned resource stage, oxide, heap-leach gold project (see Note 1), our technical team had a very strong understanding of the regional geology. We were a first mover and based on our technical knowledge of the area we staked key strategic claims while consolidating some of the most strategic ground in this emerging copper belt. The Zeus Project has many of the same geological characteristics as the Hercules Project, and our team encountered signs of copper mineralization and copper porphyry alteration while staking over recent months.