Nayarit Gold encounters another high grade gold and silver intercept in Ori on District
7.97 g/t gold and 100.9 g/t silver, or 9.99 g/t gold equivalent over true w idth of 9.2m, includes 81.7 g/t gold and 750 g/t silver over 0.70m true wid th
Toronto, Ontario � October 24, 2007 - Nayarit Gold Inc. (TSXV: NYG) is pl eased to announce additional high grade gold and silver assay results obtai ned in the Phase One - 7,000 metre diamond drilling program in the Orion Di strict in Nayarit State, Mexico. Hole OR-07-36 was the seventh hole drille d to test the "Minas de Animas" structure. The Company is awaiting assay r esults from the last three holes from its Phase One drill program on the "M inas de Animas" structure. The drill rigs have been moved to other high pr iority targets identified by the Company for Phase One testing.
The following table summarizes assay data received from drill hole OR-07-36 :
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Sample Number From To
(metres) (metres) Width(m) Gold(g/t) Silver(g/t)
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112771 263.0 265.0 2.00 7.28 157
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112772 265.0 267.0 2.00 0.593 66.2
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112773 267.0 269.0 2.00 2.52 46.2
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112774 269.0 271.0 2.00 0.384 3.4
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112775 271.0 273.0 2.00 0.026 1.9
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112776 273.0 275.0 2.00 0.124 6.1
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112777 275.0 276.0 1.00 81.7 750
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"We are very pleased with our Phase One results from the area, and four of the first five holes have demonstrated extremely positive grades and widths .." stated Colin Sutherland, President & CEO. "We are now moving to additio nal targets identified as part of our Phase One program, and will evaluate the data received from Animas to incorporate into a Phase Two program to co mmence in early 2008, with a focus to moving quickly to a resource calculat ion."
The Company has transitioned one of its drill rigs to the Bonanza - Escondi da area. This area has returned a surface rock chip assay of 35.3 g/t Au o ver 3m just of west of the historic Escondida workings which includes three old workings. The initial sampling program returned numerous assays betwe en 2.98 g/t and 9.35 g/t Au equivalent. The Company plans to drill three P hase One holes totalling approximately 700m, to test the main Escondida str ucture which thickens to over 20m in width in some areas.
William J. Warren Jr., M.Sc., P.Geo is a Qualified Person as defined in NI 43-101 and has reviewed this release.
QA/QC Procedures: The Company has implemented a quality control program to ensure best practices in sampling and analysis of the core samples. The cor e is first logged then split in half during the sampling process with the r emaining half being retained for verification and reference purposes. Dupli cates, standards and blanks are inserted randomly into the sample stream. T he samples are delivered directly in security sealed bags to ALS-Chemex Lab oratories preparation facility in Guadalajara, Jalisco (Certification ISO 9 001). Sample pulps are shipped from there to ALS-Chemex Laboratories in Nor th Vancouver, Canada for analysis by ICP techniques. Metallic screen fire a nalyses for silver are also regularly run as an additional QA/QC check. Go ld equivalent values are calculated using a 50:1 ratio.
Nayarit Gold Inc. is a Toronto based junior resource company dedicated to g old exploration in the proven precious metal districts of Mexico. Manageme nt's goal is to build a profitable resource company and maximize shareholde r value through successful exploration programs and continued development.
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
info@nayaritgold.com
Press Release 23 - 2007
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.
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