Toronto, Ontario
June 26, 2007
Nayarit Gold announces Phase One 7,000-metre drill program
Nayarit Gold Inc. (TSXV: NYG) is pleased to announce that a contract for a 7,000-metre drill program has been entered into for Phase One exploration o n its Orion District in the State of Nayarit, Mexico. The Company has secu red two drill rigs, the first of which will commence drilling during the fi rst week of July, 2007, and the second during the last week of July, 2007.
"We've identified our main priorities on the most recent site visit" stated Colin Sutherland, President & CEO. "I am particularly excited about what we may find in the Minas de Animas, Bonanza 1 and Lazaro Cardenas areas. T he site visit and data to date confirm these areas have a significant amoun t of potential."
The first target area is the Minas de Animas silver - gold vein system comp osed of two subparallel veins, the southernmost of which is up to 4 meters wide throughout much of its length. The drill holes are designed to test t he full vein and structure package as known today, beneath historic, shallo w underground mine workings. As reported in earlier press releases Nayarit' s surface and underground mapping and sampling programs have returned silve r assays of up to 8,030, 7,130, 2,070 and 2,030 g/t and gold assays up to 5 3, 42.7, 38.6 and 31.8 g/t. There were 16 gold samples exceeding 10 g/t an d 25 silver samples exceeding 500 g/t out of a total of 500 samples taken s ince late 2005.
Nayarit Gold Inc. is a Toronto based junior resource company dedicated to g old exploration in the proven precious metal districts of M�xico. Manage ment's goal is to build a profitable resource company and maximize sharehol der value through successful exploration and early drill testing of the bes t targets.
For further information on Nayarit Gold please visit the company's website at www.nayaritgold.com or contact:
Mr. Colin P. Sutherland
President & CEO
(647) 477-6264
colin@nayaritgold.com
CAUTIONARY STATEMENT
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or oth er regulatory authority has approved or disapproved the information contain ed herein. This News Release includes certain "forward-looking statements" .. All statements other than statements of historical fact, included in thi s release, including, without limitation, statements regarding potential mi neralization and reserves, exploration results, and future plans and object ives of Nayarit, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will pro ve to be accurate and actual results and future events could differ materia lly from those anticipated in such statements. Important factors that coul d cause actual results to differ materially from Nayarit's expectations are exploration risks detailed herein and from time to time in the filings mad e by Nayarit with securities regulators.
Press Release 14 - 2007
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Nayarit Gold Inc.
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CODE : NYG.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Nayarit Gold est une société d’exploration minière d'or basée au Canada. Nayarit Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 47,0 millions CA$ (46,4 millions US$, 35,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,92 CA$, et son plus bas niveau récent le 21 novembre 2008 à 0,25 CA$. Nayarit Gold possède 87 091 000 actions en circulation. |