Nayarit Gold Inc. - NYG - WKN: A0ERZX *Gold+Silber-Explorer in Mexiko* - 500 Beiträge pro Seite

[Dantyren]

Nayarit drills 1.0 m of 12.7 g/t Au in Orion district

2007-11-15 09:51 ET - News Release

Mr. Colin Sutherland reports

NAYARIT GOLD ENCOUNTERS HIGH GRADE GOLD AND SILVER INTERCEPT IN ORION DISTRICT: 4.45 G/T GOLD EQUIVALENT OR 222 G/T SILVER EQUIVALENT, OVER TRUE WIDTH OF 4.2M, INCLUDES 4.93 G/T GOLD AND 357 G/T SILVER, EQUIVALENT TO 12.07 G/T GOLD OR 603.5 G/T SILVER OVER 1.0M

Nayarit Gold Inc. is releasing additional high-grade gold and silver assay results, obtained in phase 1 of a 7,000-metre diamond drilling program in the Orion district in Nayarit state, Mexico. The company is awaiting assay results from other exploration targets identified from its phase 1 drill program on the Orion district. Drilling continues on other high-priority targets. The company is targeting completion of its phase 1 drilling program by the end of 2007.

The company also reports that drill hole OR-07-35 intersected the Del Norte vein from 277.0 to 295.0 metres, the deepest intersection of the vein in this first drill phase. This intersection did not report ore-grade assays; however, drill hole OR-07-36, located 40 metres to the west and 38 metres true depth, higher in the section, reported 9.99 grams per tonne gold equivalent over 9.2 metres, while both drill holes OR-07-32 and drill hole OR-07-34, located on the section 80 metres to the east, returned 29.19 and 4.45 g/t gold equivalent, over 5.4 and 4.2 metres true width respectively. Accordingly, the company considers the Del Norte vein mineralization to be open both to the east and west and at depth.

ASSAY DATA RECEIVED FROM DRILL HOLE OR-07-34

Sample No. From (m) To (m) Width (m) Gold (g/t) Silver (g/t)
90858 214.5 215.5 1.00 2.18 211.0
90859 215.5 216.5 1.00 0.274 35.6
90860 216.5 217.5 1.00 0.395 40.9
90861 217.5 218.5 1.00 4.93 357
90863 218.5 219.5 1.00 0.971 68
90864 219.5 220.5 1.00 1.285 121
90892 253.5 255.0 1.50 1.15 163
90893 255.0 256.5 1.50 0.725 84.1
90894 256.5 258.0 1.50 0.496 72.6
90895 258.0 259.5 1.50 0.28 58
90896 259.5 261.0 1.50 0.442 50.7

Hole OR-07-34 is the sixth hole reported on the Minas de Animas target under the 2007 phase 1 diamond drilling program. It intersected the Del Norte vein from 214.5 to 220.5 metres along the drill core, which is 151.7 to 155.9 metres true depth below the drill collar and 52.3 metres below the Del Norte vein intercept in hole OR-07-32. The two gold-bearing intervals, reported in the above table, represent the Del Norte vein and a system of stockwork beneath it. Both carry gold mineralization, but the vein displays the higher gold content. The 6.0-metre core interval from 214.5 to 220.5 metres represents an approximate true width of 4.2 metres with an equivalent gold value of 4.45 g/t or an equivalent silver value of 222 g/t.

"We have received some very promising results from Minas de Animas through our phase 1 program, which to date have included 29.19 g/t gold equivalent over 5.42 metres, 10.03 g/t gold equivalent over 6.32 metres and 9.99 g/t gold equivalent over 9.2 metres," stated Colin Sutherland, president and chief executive officer. "We continue to move forward with our drilling and will incorporate the data from our projected 2008 phase 2 drill program into a resource calculation slated to be completed next year. We continue to be very encouraged with the progress we have made in a relatively short period of time."

William J. Warren Jr., MSc, PGeo, is a qualified person as defined in NI 43-101 and has reviewed this release.

Quality assurance/quality control procedures

The company has implemented a quality control program to ensure best practices in sampling and analysis of the core samples. The core is first logged then split in half during the sampling process with the remaining half being retained for verification and reference purposes. Duplicates, standards and blanks are inserted randomly into the sample stream. The samples are delivered directly in security sealed bags to ALS Chemex Laboratories preparation facility in Guadalajara, Jalisco (certification ISO 9001). Sample pulps are shipped from there to ALS Chemex Laboratories in North Vancouver, Canada, for analysis by ICP techniques. Metallic-screen fire analyses for silver are also regularly run as an additional QA/QC check. Gold equivalent values are calculated using a 50-to-1 ratio.

[Dantyren]

Nayarit Gold hires CCM Consulting


2007-11-19 11:17 ET - News Release

Mr. Colin Sutherland reports

NAYARIT GOLD, INC. RETAINS CRONUS CAPITAL MARKETS FOR STRATEGIC CONSULTING


Nayarit Gold Inc. has retained CCM Consulting, a division of Cronus Capital Markets Inc., to assist the company with information-based strategies to increase market efficiencies and overall liquidity.

The services to be provided by CCM will include the production of various forms of research coverage through CCM Research (a division of Cronus Capital Markets), continuing media coverage, Web-based as well as live investor presentations, and distribution and dissemination of research reports. Nayarit Gold will be paying $45,000 for these services over the next 12 months.

There is no prior relationship between Nayarit Gold and CCM, nor is there any prior direct or indirect interest in Nayarit Gold or its securities, or any right to acquire such an interest on the part of CCM.

[Dantyren]

Nayarit drills 5.42 m of 9 g/t Au, 980 g/t Ag at Orion


2007-11-27 11:20 ET - News Release

Mr. Colin Sutherland reports

NAYARIT GOLD ANNOUNCES SUMMARY OF DRILL RESULTS FROM MINAS DE ANIMAS STRUCTURE IN ORION DISTRICT

Nayarit Gold Inc. has received the results of its phase one diamond drilling program on the Minas de Animas structure. Minas de Animas represents one of six high-priority targets identified by the company. The company drilled seven holes on the structure, with follow-up holes planned for its phase two program commencing in 2008.

The company has been encouraged with the results encountered to date with several holes intersecting high-grade gold and silver mineralization as stated below, including 29.19 grams per tonne gold equivalent over 5.42 metres, 10.03 g/t gold equivalent over 6.32 m, 9.99 g/t gold equivalent over 9.2 m, 4.45 g/t gold equivalent over 4.2 m and 3.28 g/t gold equivalent over 16.48 m.


Drill hole No. True Gold Silver Gold Silver
width equiv. equiv.
(m) (g/t) (g/t) (g/t) (g/t)

OR-07-30 16.48 1.30 99.07 3.28 164.00
OR-07-30 Zone A 1.60 2.51 48.50 3.48 174.00
OR-07-30 Zone B 10.70 3.57 287.60 9.32 466.10
OR-07-30 Zone C 1.90 6.14 335.00 12.84 642.00
OR-07-30 Zone D 3.20 1.17 158.40 4.34 216.90
OR-07-31 6.32 3.03 350.16 10.03 501.66
OR-07-32 5.42 9.59 980.15 29.19 1,459.65
OR-07-34 4.20 1.67 138.90 4.45 222.40
OR-07-36 9.20 7.97 100.90 9.99 499.40


The company's first results from drill hole OR-07-30 returned a series of excellent results. As stated above, the drill hole intersected four high-grade mineralized zones which are contained within a 34.2-metre true width of the Del Norte vein. The first mineralized zone lies above the main mineralized intercept and consists of two intercepts of 1.5 m each from 145 metres to 148 metres. This intercept returned a weighted gold value of 2.51 g/t and a weighted silver value of 48.5 g/t. The second mineralized zone encompassed what the company believes is the main mineralized zone, and extends from 173.5 metres to 184 metres along the core. The weighted gold value was 3.57 g/t, and the weighted silver value was 287.56 g/t. The third mineralized zone extended from 193.5 metres to 196 metres, and returned a weighted gold value of 6.14 g/t and weighted silver value of 335 g/t. The fourth mineralized zone extends from 203.5 metres to 209.5 metres and returned a weighted average gold value of 1.17 g/t and a weighted average silver value of 158.4 g/t.

The company's second drill hole OR-07-31 was drilled 40 metres east of drill hole OR-07-30, and intersected the Animas structure returning values of 3.03 g/t gold and 350.16 g/t silver over a true width of 6.32 metres from 122 metres to 132.5 metres.

The company's third drill hole OR-07-32 was drilled 40 metres east of drill hole OR-07-31, and intersected the Del Norte structure returning values of 9.59 g/t gold and 980.15 g/t silver over a true width of 5.42 metres from 175.5 metres to 185.5 metres. Of significance was the hole intersected mineralization over 61.5 metres returning a weighted average grade of 1.68 g/t gold and 171.2 g/t silver.

Drill hole OR-07-33 did not intersect significant gold-silver mineralization, however it did intersect the Del Norte structure from 155.4 metres to 170.7 metres. Drill holes OR-07-33 and OR-07-36 are the westernmost of the company's drill holes on the Animas structure. Drill holes OR-07-32 and OR-07-33 are separated by an east-west distance of 120 metres, with successful drill holes noted above in OR-07-30 and OR-07-31. The company believes there is evidence for a raking shoot of mineralization within the structure that both thickens and increases in grade to the east.

The company's fourth drill hole OR-07-34 was drilled on the same section as drill hole OR-07-32, and intersected the Del Norte vein, returning a weighted average grade of 1.67 g/t gold and 138.9 g/t silver over 4.2 metres true width. Drill hole OR-07-32, which returned grades of 29.19 g/t gold equivalent as indicated above, was drilled 120 metres to the east of drill hole OR-07-34. Accordingly the company considers the Del Norte vein mineralization to be open both to the east and west and at depth.

The company's fifth hole OR-07-35 was drilled on the same north-south section as drill hole OR-07-30. The drill hole intersected 10.5 metres true width of the Del Norte vein, however it did not return significant grades.

The company's seventh drill hole OR-07-36, which was drilled in the same section and below drill hole OR-07-33, intersected the Del Norte vein and returned values of 7.97 g/t gold and 100.9 g/t silver over a true width of 9.2 metres. The intersection extends the high-grade gold-silver mineralization to the west and to depth.

Commenting on the above, Colin Sutherland, president and chief executive officer of Nayarit, stated: "These are extremely significant results and it continues to add confidence to the Minas de Animas structures. This zone has now been intercepted by several drill holes and we are very confident that we will prove up a minable target for the area. Further, our drilling efforts continue to show that mineralization is still open to the west and east and down dip, and we expect a phase two program will extend and give better definition to the zone. Drilling results continue to confirm our belief that the Orion district can grow significantly and provide the opportunity to increase the size and scope of the project."

Please visit www.nayaritgold.com/PDFs/press_20071127_Veta.pdf to view the longitudinal vertical section and www.nayaritgold.com/PDFs/press_20071127_Animas.pdf to view the horizontal plan showing the Animas drill hole locations relative to the vein. The full version of this press release including the plan and section is also available on the company's website and on SEDAR.

[Dantyren]

Nayarit Gold names Christopher as chief geoscientist


2007-12-10 11:21 ET - News Release

Mr. Colin Sutherland reports

NAYARIT GOLD ANNOUNCES APPOINTMENT OF TERRY CHRISTOPHER, PH.D. AS CHIEF GEOSCIENTIST

Nayarit Gold Inc. is appointing Terry Christopher as chief geoscientist, effective immediately.

Mr. Christopher is a seasoned geologist and geochemist with diverse experience in the resource industry, including mining and oil and gas in both the United States and Canada. Mr. Christopher served as the chief geoscientist for Linear Gold Corp., a mineral exploration company. Mr. Christopher has been integral in team-oriented exploration success, including several discoveries and the maturation of one deposit to a resource estimate level. Prior to joining Linear Gold, Mr. Christopher was the vice-president of international projects for a metals recovery firm and was a technical analyst for an institutional fund manager. Mr. Christopher has a PhD in geochemistry and a BSc (honours) in geology from the department of earth sciences, Memorial University of Newfoundland.

"We are extremely pleased to have Mr. Christopher join the company," stated Colin Sutherland, president and chief executive officer. "His technical capabilities and business leadership will be extremely valuable as we aggressively pursue our objectives. We believe attracting someone of his calibre is a true testament to the quality of the Orion district."

Nayarit's board of directors granted a total of 140,000 stock options to employees of Nayarit at an exercise price of 37 cents per share expiring on Dec. 5, 2012.

[Dantyren]

Nayarit arranges $2.2-million placement


2008-01-02 11:12 ET - News Release

Mr. Colin Sutherland reports

NAYARIT GOLD INC. PROPOSES A NON-BROKERED PRIVATE PLACEMENT OF UP TO $2.2 MILLION

Nayarit Gold Inc. has arranged a proposed non-brokered private placement financing of up to $2.2-million comprising the sale of up to 5.5 million units, sold at 40 cents per unit, subject to regulatory approval and closing. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share for 60 cents in the first year after closing and for 70 cents in the second year after closing. All securities issued in conjunction with the offering are subject to a hold period, which expires four months after closing.

Proceeds of the financing will be used for exploration activities on the company's mineral properties in Mexico, and for general working purposes.

Nayarit Gold would also like to announce that Dale M. Hendrick has resigned as a director of the corporation. The board of directors wishes to thank Mr. Hendrick for his service.

[Dantyren]

Nayarit Gold closes $2.27-million financing


2008-01-11 10:03 ET - News Release

Mr. Colin Sutherland reports

NAYARIT GOLD INC. COMPLETES NON-BROKERED PRIVATE PLACEMENT OF $2,273,000


Nayarit Gold Inc. has completed a non-brokered private placement financing of $2,273,000, comprising the sale of 5,682,500 units, sold at 40 cents per unit, which was first announced in the company's news release in Stockwatch on Jan. 2, 2008. Each unit consists of one common share and one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share for 60 cents until Jan. 11, 2009, and for 70 cents until Jan. 11, 2010. In conjunction with the financing, a finder was paid a cash commission of $9,100 and issued 27,300 warrants. All securities issued in conjunction with the offering are subject to a hold period, which expires on May 12, 2008.

Proceeds of the financing will be used for exploration activities on the company's mineral properties in Mexico and for general working capital purposes.