NevGold Corp. has added a second drill rig at its Limousine Butte oxide gold project in Nevada. The company is also pleased to provide a positive update on pending assays from its current 10,000 meter drilling program, with first assays to be released shortly once received from the assay lab.

Second Drill Rig Added: the company has added a Reverse Circulation (“RC”) drill rig at Limousine Butte contracted from Boart Longyear. There are currently two drill rigs at the project, one core rig and one RC rig. The addition of the second rig will expedite the 10,000 meter drill program at the project with the goal of advancing towards a near-term, near-surface oxide gold resource.

Current Drilling: both the Resurrection Ridge and Cadillac Valley target areas are now being drilled. Resurrection Ridge and Cadillac Valley are the key near-term resource targets. The current program incorporates a balance of resource delineation, resource expansion, and exploration holes.

Assay Results Expected Shortly: the Company announced assay turnaround times at American Assay Lab in Reno, Nevada are tracking to expected timelines and the first batch of assays will be released imminently once fully received. The core from the newly drilled holes is observed to be strongly oxidized.