New Placer Dome Gold Corp. announced the completion of the first phase of diamond drilling at the Company's Bolo Gold-Silver Project in Nye County, Nevada. A total of 701 metres of core was drilled in two holes at the South Mine Fault Zone ("SMFZ").

Induced polarization (IP) /resistivity geophysical surveying continues at the Company's Kinsley Mountain Gold Project (the "Kinsley Mountain Project" or "Kinsley Mountain") in Elko County, Nevada. The purpose of the core drilling was to advance the development of a 3D geological model, and to continue to test the depth extent of SMFZ gold mineralization. The program included oriented core measurements to provide valuable structural and stratigraphic data that will used in the development of the 3D geological model and a potential future SMFZ initial mineral resource estimate.

Both drill holes exhibited elevated arsenic, barium, and antimony values as determined by semi-quantitative hand-held portable X-ray fluorescence (XRF) analysis, associated with intervals of oxidation, decalcification, silicification, faults and breccias, all of which are known gold hosts at the SMFZ. IP/Resistivity surveying is ongoing at Kinsley Mountain, currently targeting the frontier Kinsley North Range. Five lines totaling 15.9 line-km have been completed at Kinsley North to date.

An additional nine lines totaling 29.7 line-km remain. 2021-2022 IP/resistivity surveys expanded 6.5 km north of the high-grade gold Western Flank. Zone to test underexplored Kinsley North Range targets.

Chargeability breaks indicative of significant displacement and arsenic ± antimony in soil anomalies are associated with property-scale northwest-trending fault structures analogous to those host significant gold resources along the Kinsley NW fault. Chargeability/resistivity breaks and broad arsenic ± antimony in soil anomalies associated with northeast to northwest-trending block faulting exposing prospective lower Pogonip Group carbonate rocks, the host for much of the gold mineralization at the Long Canyon Mine1. Chargeability highs associated with mapped jasperoid and arsenic-antimony in soil anomaly along north-trending fault structure in the centre of the range.

Nine Kinsley North IP/resistivity lines remain to be completed that cover a significant strike length of block faulted Pogonip Group and upper Notch Peak Formation rocks on the east side of the Kinsley Range.