Mining Stocks

Drilling in Nevada – America’s Pot of Gold

New Placer Dome Gold

As the bull market for gold continues, investors should remain cautiously optimistic as volatility will likely be a constant.

For speculators, one potential way to mitigate risk during a positive gold price cycle is to target projects in well-developed gold mining regions. The location, if possible, should have long-established mining laws, a stable government, and a lengthy track record of mining success.

According to the Fraser Institute Annual Survey of Mining Companies (2019), Nevada ranked 3rd overall in Investment Attractiveness. While impressive, ranking near the top is nothing new for Nevada. The state ranked 1st in the same 2018 survey.

Fraser Institute Annual Survey of Mining Companies (2019) Investment Attractiveness Index
Source: The Fraser Institute

 

Nevada – America’s Pot of Gold

We believe that Nevada is one of, if not the, greatest gold-mining regions on Earth. From the standpoint of longevity, consistency, and political stability, few gold-producing districts hold a candle to Nevada.

With well over 200 million ounces in historical gold production, Nevada has stood the test of time.

According to Wikipedia,

“Total gold production recorded from Nevada from 1835 to 2017 totals 205,931,000 troy ounces (6,405.2 t), worth US$322.6 billion at 2020 values.”

A June 2019 article from Elko Daily titled, “Nevada gold production dips 1.1 percent,” reveals just how consistent Nevada’s gold production has been over the past decade…

“Gold production in Nevada has maintained a range of 5 million to 5.6 million ounces for the past 10 years,” according to Nevada Division of Minerals Administrator Richard Perry.

Strip mine in Nevada

While the consistent multi-million-ounce annual production coming out of Nevada is world-class, it creates the need for new discoveries within the state – ideally in and around producing mines with hundreds of millions of dollars in infrastructure already built and in operation.

When a significant discovery is made in Nevada, much of the gold industry will likely know about it. Barrick, Newmont, Kinross, SSR Mining, Coeur Mining, and Hecla Mining (to name a few) all have producing gold mines in Nevada.

According to a March 2020 article from Elko Daily, Barrick Gold President and CEO Mark Bristow stated in the company’s annual report,

“Nevada Gold Mines is the value foundation of Barrick’s business. Already the world’s largest gold mining complex, it holds enormous potential for growth.”

Note: Nevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont Corporation (38.5%).

The Symbiotic Relationship

Senior producers are usually mine builders. Junior explorers, on the other hand, are known for making the discoveries that eventually become mines after being taken over by majors.

It’s a symbiotic relationship; one discovers, the other builds and produces. And for the first time in roughly 7 years, this relationship may be shifting in favour of explorers. Global gold reserves are being depleted during a year that has seen the precious metal’s price increase roughly 30%. In a bid to replenish these falling reserves, majors will likely be on the hunt for large gold discoveries.

New Placer Dome Gold – Drilling Two Carlin-Type Gold Projects in Nevada Right Now

Vancouver-based New Placer Dome Gold (NGLD: TSXV) is a junior gold exploration company solely focused on Nevada projects. The Company is drilling up to ~23,500 metres combined at its two Carlin-type projects this year – one of which hosts a past-producing gold mine.

The project with the past-producing gold mine (produced gold from 1995 to 1999) is known as the Kinsley Mountain Gold project. It has NI 43-101 resource estimates (more on this shortly) and is located on trend and ~90 km south of the Long Canyon mine operated by Newmont-Goldcorp and ~120 km from the Bald Mountain mine operated by Kinross Gold.

Note: Mineralization or production on nearby properties/projects is not necessarily indicative of mineralization or future production potential on New Placer Dome Gold’s properties/projects.

New Placer Dome Gold has four critical components we look for when featuring a speculative junior gold explorer:

  • Premier location – prospective assets located in Nevada and within a region of large-scale operating gold mines. In 2019, the Company made a new high-grade oxide discovery at depth at one of its projects.
  • Large drill program currently underway – news expected over the coming weeks.
  • Savvy technical and advisory team – e.g. Mr. Mac Jackson joined the Company as a technical advisor in July of 2020 and is a Carlin expert in Nevada, having contributed to the discovery of several multi-million-ounce gold deposits, including two Newmont deposits.
  • Well financed – the Company raised CAD$12.3 million in June 2020.
alex smith with maximilian sali
Pictured above: Pinnacle Digest’s Alexander Smith speaking with Maximilian Sali, New Placer Dome Gold’s CEO and Founder, in July 2020.

A great address, solid leadership and advisory team, and money to drill may get you a ticket to the show, but it far from guarantees success – especially in the exploration business. However, Nevada has a history of discoveries going into production, and that’s what keeps the drillers coming back every year.

Will There Be Another Carlin Trend?

Nevada built its modern-era status as a gold producing state due in large part to what is known as the Carlin Trend. It has become prolific.

Diagram of the Carlin Trend
Source: State of Nevada, Commission on Mineral Resources, Division of Minerals (Authored by Alan R. Coyner)

 

New Placer Dome Gold acknowledges this rich history on its website, stating,

“The Carlin Trend is legendary. This tract of land, just 5 km wide and 60 km long, hosts more than 40 separate gold deposits – and 26 have been developed into mines, which highlights how attractive these deposits are.”

Although none of its projects are in the Carlin Trend specifically, New Placer Dome Gold’s two core assets, Kinsley Mountain and the Bolo Gold-Silver Project, both host “Carlin-style gold mineralization,” according to the Company.

For some background on the broader region, the Kinsley Mountain Gold project is located on trend and approximately 90 km south of the Long Canyon mine…

Gold speculators may remember when Newmont bought Fronteer Gold, which owned the Long Canyon project, in a deal valued at approximately CAD$2.3 billion in 2011. That was toward the end of the prior gold bull market.

At the time, the Globe & Mail reported,

“Gold giant Newmont Mining Corp. is sticking close to home for future production growth by acquiring Nevada-focused explorer Fronteer Gold Inc. in a deal valued at $2.3-billion.

Newmont is offering $14 per share for Vancouver-based Fronteer, whose flagship asset is the Long Canyon development project located near Newmont’s existing operations in the prolific gold-producing state of Nevada.”

In a February 2011 article titled, “Another Carlin Trend? Newmont to buy Fronteer Gold, mine Long Canyon,” Adella Harding wrote,

“Long Canyon is the star, however, and Newmont sees the potential for the project in the Pequop Mountains between Wells and West Wendover to be another Carlin Trend.”

The article continues,

“Newmont’s president and chief executive officer, Richard O’Brien, said the Long Canyon Project, “with its Carlin trend-like metallurgical and geological characteristics, complements our existing project pipeline in Nevada.”

Kinsley Mountain

Pictured above: New Placer Dome Gold's Kinsley Mountain project
Pictured above: New Placer Dome Gold’s Kinsley Mountain project

By no stretch is the Kinsley Mountain Gold project a greenfield play. It produced nearly 140,000 ounces of Carlin-type oxide gold between 1995 and 1999 by way of ROM heap leach, was drilled extensively leading up to the most recent gold bear market by Liberty Gold (whom New Placer Dome Gold has a definitive purchase option agreement on the project with), and has a newly updated estimate of mineral resources published in February 2020.

kinsley project gold resource

  1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  2. Mineral Resources are reported at a 0.2 g Au/t cutoff for oxidized mineralization potentially available to open-pit mining and heap-leach processing; a 1.0 g Au/t cutoff is applied to Secret Canyon Shale and all other transitional (mixed) and unoxidized mineralization potentially available to open-pit mining, milling, flotation, and shipping to a third-party roaster or autoclave; and a 2.0 g Au/t cutoff is applied to all other mineralization that could potentially be mined by underground methods.
  3. Rounding may result in apparent discrepancies between tonnes, grade, and contained metal content.
  4. The Effective Date of the mineral resource estimate is January 15, 2020.

Source: Technical Report and Updated Estimate of Mineral Resources for the Kinsley Project

The Technical Report and Updated Estimate of Mineral Resources for the Kinsley Project, Elko and White Pine Counties, Nevada, U.S.A., has an effective date of January 15, 2020 and was published February 4, 2020. It can be read in its entirety by clicking here.

 

Up to 20,000 Metres of Drilling Planned in 2020 at Kinsley Mountain

Max Sali, New Placer Dome Gold’s CEO and Founder, did not mince words when talking about Kinsley Mountain in a July 29, 2020 press release:

“This drill program at Kinsley marks the beginning of what could be a game changer for our company. Since we announced the definitive agreement to acquire Kinsley back in December of 2019 our team could not wait to get the drills turning on this sleeping giant. We are focused on finding high-grade new discoveries in a gold environment never seen before.”

New Placer Dome Gold (NGLD: TSXV) has up to 20,000 metres of drilling planned at the Kinsley Mountain project this year. This is the largest drill season in the Company’s young history. The intent of the program was explained by the Company in late July…

“…[New Placer Dome Gold] has commenced the highly anticipated new discovery drill program of up to 20,000 metres at the Kinsley Mountain Gold project. The Kinsley Mountain drill program is focused on new high-grade discovery targets and on expansion of Secret Canyon shale-hosted mineralization at the Western Flank zone, which hosts a 1.25 million tonne indicated mineral resource containing 265,000 ounces gold grading 6.61 g/t gold (see New Placer Dome Corp. News Release dated May 4, 2020).”

In respect to the drill program, Alan Hitchborn, Senior Technical Advisor for New Placer Dome Gold, commented,

“As the former chief geologist at the producing Bald Mountain mine located 120 km away from Kinsley, I can say that Kinsley has many of the same geologic attributes as Bald Mountain. I am encouraged by the data I have reviewed thus far. This summer’s drill program could unlock the potential for Kinsley to grow significantly in size.”

Map of Nevada with Kinsley Mountain
Source: New Placer Dome Gold’s Corporate Presentation dated August 2020

 

The Company highlighted historical drill results from Kinsley Mountain in its August 2020 corporate presentation:

Highlighted Historical Drill Holes at Secret Canyon include:

  1. 42.7m @ 10.5 g/t
  2. 22.9m @ 18.3 g/t
  3. 36.6m @ 8.5 g/t
  4. 8.50m @ 16.3 g/t
  5. 22.9m @ 14.9 g/t
  6. 29.0m @ 21.3 g/t
  7. 11.4m @ 32.7 g/t
  8. 4.90m @ 46.4 g/t
  9. 38.7m @ 15.6 g/t
  10. 30.0m @ 10.6 g/t

Note: True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths

 

We caught up with Maximilian Sali, New Placer Dome Gold’s CEO and Founder, in late July when the Company’s shares were hitting new all-time highs. Click the video below to watch our interview with Mr. Sali, which includes footage from Kinsley Mountain.

The Company reported in its July 29, 2020 press release that,

“Kinsley Mountain is a Carlin-style gold project hosting 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes)[1]. The Company believes there is significant upside potential for new high-grade gold discoveries and for expansion of the footprint of known mineralization and contained resources at Kinsley.”

[1] Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.’s Issuer Profile on SEDAR (www.sedar.com).

Four Key Highlights for Kinsley Mountain

  1. Carlin-type asset with an updated NI 43-101 resource of 535k ounces I+I
  2. Previous total production of 138,000 ounces between 1995-1999
  3. Land package is 4,213 acres with only 20% explored through drilling
  4. Located ~90km away from Long Canyon and on trend

Kinsley Mountain Project Option Agreement Terms

New Placer Dome Gold has the option to acquire a 79.1% interest in the Kinsley Mountain Gold project from Liberty Gold.

The terms of the option agreement are outlined in the Company’s December 2, 2019 press release.

Chart showing Kinsley Mountain project option agreement
Source: New Placer Dome Gold’s Corporate Presentation dated August 2020

 

Two in the Chamber – Bolo Gold Project

If Kinsley Mountain was New Placer Dome Gold’s only project, it would be a busy summer and fall, but the Company has drills turning on another highly prospective, early-stage asset – the Bolo Gold-Silver Project.

Located in the heart of Nevada, near Kinross’ Round Mountain mine (*Round Mountain has produced over 15 million ounces of gold to date), the Bolo Project has key Carlin-type characteristics, much like Kinsley Mountain.

Map of Nevada showing Bolo Gold-Silver Project
Source: New Placer Dome Gold’s Corporate Presentation dated August 2020

*Mineralization or production on nearby properties/projects is not necessarily indicative of mineralization or future production potential on New Placer Dome Gold’s properties/projects.

On July 21, 2020, the Company announced it had commenced a 3,500m reverse circulation (RC) drill program at the Bolo Project, stating:

“Drilling at Bolo [in 2020] will focus on testing Carlin-style gold mineralization at depth in the South Mine Fault Zone where gold-silver mineralization remains open and untested along strike and at depth. The 2020 program will expand and step-out on results from the 2019 program. . .”

Highlighted drill intercepts from the 2019 program include:

  • 84 metres of 1.37 g/t gold in hole BL19-01, and
  • 122 metres of 1.2 g/t gold in hole BL19-04, and
  • New discovery of 12.2 metres of 3.32 g/t gold in hole BL19-04

According to pg. 17 of the Company’s August 2020 Corporate Presentation, “The true width of mineralization is estimated to be approximately 60-70% of drilled width. The true width of the lower gold zone is unknown. The true width of Uncle Sam mineralization is unknown.”

While it’s still early days at the Bolo Project, and a few drill holes don’t make a mine, these highlighted gold intercepts from the Company’s inaugural drill program were in the upper echelons of any gold drill results returned in the state of Nevada in 2019.

Maximilian Sali, CEO and Founder of New Placer Dome Gold, commented on the results of the Bolo Project’s 2019 drill program,

“We are delighted with the outcome of our first drilling campaign at Bolo. Mineralization was encountered in each hole, including multiple intercepts producing exceptional gold grade and width for a Carlin-type mineralization in Nevada. The results from the 2019 program demonstrate the tremendous potential for new discoveries at Bolo, both at depth in the known zones and along strike.”

Read New Placer Dome Gold’s news release dated November 7, 2019 for further information regarding its drill program at the Bolo Project last year.

On July 21, 2020, New Placer Dome Gold stated,

“The 2020 program [at the Bolo Project] will also test the continuity of mineralization between the South Mine Fault Zone and Uncle Sam Silver Zone, where a 2019 outcrop sample yielded 3.63 g/t gold with 262 g/t silver.”

New Placer Dome Gold’s 2020 drill program for the Bolo Project is likely around halfway complete. On August 6, 2020, the Company provided an update on this drill program, stating,

“To date, five Reverse Circulation (RC) high priority drill holes totaling 1,363 meters [at the Bolo Project] have been completed.”

Bolo Project Earn-In Agreement Terms

The earn-in agreement terms for New Placer Dome Gold to acquire 50.01% control (or 75% – see below) of the Bolo Project from Allegiant Gold are set forth below:

 Bolo Gold-Silver Project earn-in agreement terms
Source: New Placer Dome Gold’s Corporate Presentation dated August 2020

Click here for further details regarding New Placer Dome Gold’s earn-in agreement for the Bolo Project, and here to read the Technical Report on the Bolo Property with an effective date of October 5, 2018.

New Placer Dome Gold’s Share Price

New Placer Dome Gold’s share price ran to a high of CAD$0.95 in late July. It currently sits at CAD$0.64.

New Placer Dome Gold – 3 Month Chart

New Placer Dome Gold 3 Month Chart
Source: Quotemedia

 

For shareholders and prospective investors, all eyes will be on the Company’s upcoming drill results, which are expected to be released over the next several weeks. New Placer Dome Gold has commissioned four drills on its two key projects in Nevada.

On August 31, 2020, the Company reported an update on Kinsley Mountain, stating,

“…the larger reverse circulation (RC) truck mounted drill rig has completed the first priority hole at Kinsley Mountain and is currently drilling the second priority hole. New Placer Dome now has four rigs turning in Nevada, including reverse circulation (RC) track rigs at Kinsley Mountain and Bolo and a diamond core rig at Kinsley Mountain.”

Drilling on-site at Kinsley Mountain
Pictured above: A drill rig at New Placer Dome Gold’s Kinsley Mountain project

Recognize that we are biased when it comes to New Placer Dome Gold. The Company is a sponsor and client of Pinnacle Digest. We hope this report provides a high-level overview of New Placer Dome Gold, but it is not intended to be exhaustive. Conduct your own thorough and independent due diligence to properly understand the risks associated with investing in a speculative company of this nature. A good place to start your due diligence is reviewing New Placer Dome Gold’s Sedar filings at www.sedar.com under the Company’s issuer profile.

As previously mentioned, New Placer Dome Gold completed a sizeable ~CAD$12 million financing in June 2020. That stock will no longer be restricted from trading in October 2020.

Wrapping Up

The elephant in the room for many senior producers is declining reserves in a high price gold environment. Global gold production remains relatively flat, and in H1 2020 fell to its lowest levels since 2014, according to GoldHub. With noteworthy gold discoveries few and far between over the last several years, it is our view there hasn’t been a more advantageous time for juniors to make a significant discovery in nearly a decade – especially if it’s in a well-developed mining jurisdiction.

New Placer Dome Gold (NGLD: TSXV) has commenced the biggest drill program in its history with the goal of identifying a potential sleeping giant gold asset in Nevada, one of the world’s most prolific mining regions.

All the best with your investments,

 

PINNACLEDIGEST.COM

New Placer Dome Gold share structure as of July 31, 2020New Placer Dome Gold’s Corporate Presentation
New Placer Dome Gold's Corporate Presentation
Stock Information

Symbol: NGLD
Exchange: TSXV
10-Day Avg. Trading Volume: ~156,000
Last Price: CAD$0.64
Market Capitalization: CAD$58.75 million (according to Bloomberg data)

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Disclosure, Compensation, Risks Involved and Forward-Looking Statements:

You must read the following carefully before proceeding.

THIS REPORT IS NOT INVESTMENT ADVICE, NOR A RECOMMENDATION TO PURCHASE ANY SECURITY, NOR IS IT INTENDED TO BE A COMPLETE OVERVIEW OF NEW PLACER DOME GOLD CORP. THE INFORMATION IN THIS REPORT IS NOT A SUBSTITUTE FOR INDEPENDENT PROFESSIONAL ADVICE. SEEK THE ADVICE OF YOUR FINANCIAL ADVISOR AND A REGISTERED-BROKER DEALER BEFORE MAKING ANY INVESTMENT DECISIONS.

All statements in this report are to be checked and verified by the reader.

This report may contain technical or other inaccuracies, omissions, or errors, for which Maximus Strategic Consulting Inc., owner of PinnacleDigest.com (“Pinnacle Digest” or “Maximus” or “we”), assumes no responsibility. We cannot warrant the information contained in this report to be exhaustive, complete or sufficient. This report does not purport to contain all the information that may be necessary or desirable to fully and accurately evaluate an investment in New Placer Dome Gold Corp. New Placer Dome Gold Corp. is a client and sponsor of PinnacleDigest.com. PinnacleDigest.com authored and published this report. Because we are paid by New Placer Dome Gold Corp., and therefore we are not independent reporters, our coverage of New Placer Dome Gold Corp. features many of its positive aspects, and not the potential risks to its business or to investing in its stock.

Important: Our disclosure for this report on New Placer Dome Gold Corp. applies to the date this report was posted on our website (September 13, 2020). This disclaimer will never be updated, even if we buy or sell shares of New Placer Dome Gold Corp.

Do Your Own Due Diligence: An investment in securities of New Placer Dome Gold Corp. should only be made by persons who can afford a significant or total loss of their investment.

In all cases, interested parties should conduct their own investigation and analysis of New Placer Dome Gold Corp. (“New Placer Dome Gold” or the “Company”), its assets and the information provided in this report. Readers should refer to New Placer Dome Gold’s public disclosure documents found on the SEDAR website (www.sedar.com) before considering investing in the Company. The public disclosure documents will help investors understand New Placer Dome Gold’s objectives and the risks associated with the Company.

The securities of New Placer Dome Gold are highly speculative due to the nature of the Company’s plans/objectives and the present stage of New Placer Dome Gold’s development. The Company is in the exploration-stage, which involves a high level of risk and uncertainty. The Company has limited financial resources, no source of operating cash flows and no assurances that sufficient funding, including adequate financing, will be available to conduct further exploration and development of its projects. If the Company’s generative exploration and development programs are successful, additional funds will be required for development of one or more projects. Failure to obtain additional financing could result in the delay or indefinite postponement of further exploration and development or the possible loss of the Company’s properties/projects. A prospective investor should consider carefully the risk factors set out in this disclosure statement and outlined in the Company’s annual and quarterly Management’s Discussion and Analysis, and in other filings made by New Placer Dome Gold with Canadian securities regulatory authorities available at www.sedar.com.

Important: Please be aware and note the date this report was published (September 13, 2020). As a result of the passing of time, the relevancy of the opinions and facts in this report are likely to diminish and may change. As such, you cannot rely on the accuracy and timeliness of the information provided in this report. Since there is no specific guideline as to how long this report may remain relevant, you should consider that it may be irrelevant shortly after its publication date.

The statements and opinions expressed by representatives of Pinnacle Digest are solely those of Pinnacle Digest and not the opinions of New Placer Dome Gold. The statements and opinions expressed by representatives of New Placer Dome Gold are solely those of the Company and not the opinions of Pinnacle Digest.

Unless otherwise indicated, the market and industry data contained in this report is based upon information from industry and other publications and the knowledge of Pinnacle Digest and New Placer Dome Gold. While Pinnacle Digest believes this data is reliable, market and industry data is subject to variations and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. Pinnacle Digest has not independently verified any of the data from third-party sources referred to in this report or ascertained the underlying assumptions relied upon by such sources.

Cautionary Note Regarding Forward-Looking Information: This report contains “forward-looking information” within the meaning of Canadian securities legislation (collectively, “forward-looking statements”). All statements, other than statements of historical fact, that address activities, events or developments that New Placer Dome Gold or Pinnacle Digest believes, expects or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements also include, but are not limited to, statements regarding: the planned exploration of New Placer Dome Gold’s projects, including prospective targets; the growth potential of any deposits or trends; the size, quality and timing of New Placer Dome Gold’s exploration; potential mineral resources at New Placer Dome Gold’s projects or properties; the estimation of mineral resources; the further potential of the Company’s properties; future trends; any comparisons of New Placer Dome Gold’s projects to other mineral projects not owned by the Company; the potential of making a new discovery; New Placer Dome Gold’s future financial position and budgets; estimates of New Placer Dome Gold’s project economics; the future price of minerals, particularly gold; funding availability; investor sentiment; conclusions of economic evaluation; capital expenditures; success of exploration activities; currency exchange rates; government regulation of mining operations; taxes; the size and duration of the current gold cycle; New Placer Dome Gold having the right mix of people, assets, and location for success; New Placer Dome Gold eventually fulfilling its property earn-in agreements; New Placer Dome Gold’s ability to time the market; New Placer Dome Gold acquiring the Kinsley Mountain Gold Project on favourable terms to the Company; the Company receiving assay results and the timing of any assay results being released to the public; major gold producers looking to acquire new gold discoveries; the current and near-term environment being favourable for junior gold explorers; the quality of New Placer Dome Gold’s technical team and contractors, and environmental risks.

Often, but not always, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “expected”, “budgeted”, “targets”, “forecasts”, “intends”, “anticipates”, “scheduled”, “estimates”, “aims”, “will”, “believes”, “projects”, “could”, “would”, and similar expressions (including negative variations) which by their nature refer to future events.

By their very nature, forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond New Placer Dome Gold’s control. These statements should not be read as guarantees of future performance or results. Forward-looking statements are based on the opinions and estimates of New Placer Dome Gold’s management or Pinnacle Digest at the date the statements are made, as well as a number of assumptions made by, and information currently available to, the Company or Pinnacle Digest concerning, among other things, the presence of, and continuity of, mineralization at New Placer Dome Gold’s projects not being fully determined; the availability of personnel, machinery and equipment at estimated prices and within estimated delivery times; currency exchange rates; metals sales prices and exchange rates; tax rates and royalty rates applicable to the Company’s project(s); present and future business strategies and the environment in which the Company will operate in the future; anticipated costs; general business and economic conditions not changing in a material adverse manner; governmental and other approvals required to conduct the Company’s planned exploration activities being available on reasonable terms and in a timely manner; the availability of acceptable financing, and success in realizing proposed operations.

While such estimates and assumptions are considered reasonable by Pinnacle Digest, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of New Placer Dome Gold to differ materially from those discussed/written in the forward-looking statements in this report and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, New Placer Dome Gold. Risk factors that could cause actual results to vary materially from results anticipated by such forward-looking statements in this report include, but are not limited to: unanticipated developments in business and economic conditions in the principal markets for commodities and/or financial instruments; changes in the supply, demand, and prices for gold and other commodities; the actual results of exploration activities; conclusions of economic evaluations; uncertainty in the estimation of mineral resources; changes in economic and political stability in jurisdictions where New Placer Dome Gold has business interests; environmental liabilities, risks, hazards and regulatory requirements; adverse weather conditions; legal disputes; increased infrastructure and/or operating costs; labour and employment matters; government regulation; the need for additional financing and that the Company may not be able to raise additional funds when necessary; operational risks associated with mineral exploration; reliance on key personnel; competition; dilution; changes in project parameters as plans continue to be refined; variations in ore grade and recovery rates; potential revocation or change in permit requirements and project approvals; conflicts of interests; insurance; equipment material and skilled technical workers; risks and uncertainties relating to the interpretation of exploration results; risks related to the inherent uncertainty of mineral exploration; cost estimates and the potential for unexpected costs and expenses; the Company may lose or abandon its property interests or may fail to receive necessary licences and permits; the potential for delays in exploration or development activities or the completion of geologic reports or studies; the uncertainty of profitability based upon the Company’s history of losses; risks associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social licence”); risks relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued exploration and development of the Company’s projects; risks related to current global financial conditions; the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate; the volatility of New Placer Dome Gold’s common share price and trading volume, and other risks pertaining to the mining and exploration industry as well as those factors discussed in the section entitled “Risk Factors” in New Placer Dome Gold’s Annual and Quarterly Reports and associated financial statements, Management Information Circulars and other disclosure documents filed with Canadian securities regulators. Visit www.sedar.com to review these important disclosure documents under New Placer Dome Gold’s issuer profile. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking information contained in this report or incorporated by reference are made as of the date of this report (September 13, 2020) or as of the date of the documents incorporated by reference, as the case may be, and Pinnacle Digest does not undertake to update any such forward-looking information, except in accordance with applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on forward-looking information due to their inherent uncertainty.

We strongly encourage any prospective investor of New Placer Dome Gold to thoroughly review the Technical Reports for the Bolo and Kinsley Projects, filed under the Company’s issuer profile on www.sedar.com. The Technical Report (NI 43-101) for the Bolo Project is titled, “Technical Report on the Bolo Property, Nye County, Nevada, USA” and was prepared by Nancy Wolverson with an effective date of October 5, 2018. The Technical Report (NI 43-101) for the Kinsley Project is titled, “Technical Report and Updated Estimate of Mineral Resources for the Kinsley Project, Elko and White Pine Counties, Nevada, USA” and was prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA with an effective date of January 15, 2020.

We Are Not Financial Advisors: This report does not constitute an offer to sell or a solicitation of an offer to buy New Placer Dome Gold’s securities. Be advised, Maximus Strategic Consulting Inc., PinnacleDigest.com and its employees/consultants are not a registered broker-dealer or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer.

PinnacleDigest.com is an online financial newsletter owned by Maximus Strategic Consulting Inc. We are focused on researching and marketing for small public companies. This report is intended for informational and entertainment purposes only. The author of this report and its publishers bear no liability for losses and/or damages arising from the use of this report.

Never, ever, make an investment based solely on what you read in an online newsletter, including Pinnacle Digest’s online newsletter, or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn’t well known.

We Are Biased: New Placer Dome Gold is a client of ours (details in this disclaimer on our compensation). We want to remind you that we are biased when it comes to New Placer Dome Gold.

Because New Placer Dome Gold has paid us CAD$200,000 plus GST for our online advertising and marketing services, you must recognize the inherent conflict of interest involved that may influence our perspective on the Company; this is one reason why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor and a registered broker-dealer before considering investing in New Placer Dome Gold. Investigate and fully understand all risks before investing.

PinnacleDigest.com is often paid editorial fees for its writing and the dissemination of material. The clients (including New Placer Dome Gold) represented by PinnacleDigest.com are typically junior companies that pose a much higher risk to investors than established companies. When investing in speculative stocks such as New Placer Dome Gold it is possible to lose your entire investment over time or even quickly. New Placer Dome Gold is not an appropriate investment for most investors.

Set forth below is our disclosure of compensation received from New Placer Dome Gold as of September 13, 2020:

Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, has been paid CAD$200,000 plus GST to provide online advertisement coverage for New Placer Dome Gold for a six-month online marketing agreement. New Placer Dome Gold paid for this coverage. The coverage includes, but is not limited to, the creation and distribution of reports authored by PinnacleDigest.com about New Placer Dome Gold (reports such as this one), as well as display advertisements and news distribution about the Company on our website and in our newsletter. We may purchase shares of New Placer Dome Gold. Any shares we may purchase in the future of New Placer Dome Gold will be sold without notice to PinnacleDigest.com’s subscribers or the general public. Maximus Strategic Consulting Inc. may benefit from price and trading volume increases in New Placer Dome Gold.

Junior exploration companies such as New Placer Dome Gold are very risky investments: New Placer Dome Gold is not an appropriate investment for most investors as it is highly speculative. Risks and uncertainties respecting junior exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. Visit www.sedar.com to review important disclosure documents for New Placer Dome Gold.

It is highly probable that New Placer Dome Gold will need to raise additional capital in the future to fund its operations, resulting in dilution to its shareholders.

Remember that New Placer Dome Gold does not have any producing assets, and therefore it has no cash-flow and operates at a loss. New Placer Dome Gold may never take any of its projects into production. Even if New Placer Dome Gold is able to take any of its projects into production, there is no certainty the Company will generate a profit. Further exploration and development work, economic studies, and other types of studies will be required before New Placer Dome Gold is able to make a decision on production. Furthermore, past historical and/or current production in the region of New Placer Dome Gold’s projects is not indicative of future production potential for the Company. Any comparisons to other companies or projects may not be valid or come into effect. Mineralization on nearby properties is not necessarily indicative of mineralization on New Placer Dome Gold’s properties.

Cautionary Note Concerning Estimates of Mineral Resources: This report uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to Measured and Indicated categories through further drilling, or into Mineral Reserves, once economic considerations are applied. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resource Estimates do not account for mineability, selectivity, mining loss and dilution. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

While the information contained in this report has been prepared in good faith, neither Maximus Strategic Consulting Inc. nor Pinnacle Digest, give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this report (all such information being referred to as “Information”) and liability therefore is expressly disclaimed to the fullest extent permitted by law. Accordingly, neither Maximus Strategic Consulting Inc., nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained in this report or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this report.

PinnacleDigest.com’s past performance is not indicative of future results and should not be used as a reason to purchase any security mentioned in this report or on our website.

The past successes of members of New Placer Dome Gold’s management team, board of directors, and advisory team are not indicative of future results for the Company.

Maximus Strategic Consulting Inc. and PinnacleDigest.com (including its employees and consultants) are not chartered business valuators; the methods used by business valuators often cannot justify the trading price for most junior stock exchange listed companies, including New Placer Dome Gold.

Any decision to purchase or sell as a result of the opinions expressed in this report OR ON PinnacleDigest.com will be the full responsibility of the person authorizing such transaction, and should only be made after such person has consulted a registered financial advisor and conducted thorough due diligence. Information in this report has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Our views and opinions regarding the companies we feature on PinnacleDigest.com and in this report are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that any of the companies mentioned in this report (specifically New Placer Dome Gold) or on PinnacleDigest.com will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.

Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, does not undertake any obligation to publicly update or revise any statements made in this report.

Learn how to protect yourself and become a more informed investor at www.investright.org

Trading in the securities of New Placer Dome Gold is highly speculative.

To get an up to date account on any changes to our disclosure for New Placer Dome Gold Corp. (which may change over time) view our full disclosure at the url listed here: https://www.pinnacledigest.com/disclosure-compensation/.


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