Subject: A new venture - Nevada Pacific Gold
Nevada Pacific Gold Ltd. (VSE Symbol "NPG") is pleased to come to you
via the World Wide Web, through the courtesy of Cambridge House
Investment Conferences. The following is a brief outline of our Company.
We encourage you to visit our web page at:
nevadapacificgold.com for a more detailed overview of the
Company.
The Company
Nevada Pacific Gold Ltd's mission is the discovery and development of
economic, multi-million ounce gold deposits through the exploration of
high quality projects, located primarily in the State of Nevada. Nevada
Pacific has built a nucleus of experienced professionals who have been
instrumental in the discovery and/or development of some 30 million
ounces of gold, seven operating gold mines, and the raising of
approximately $300 million in venture capital financing.
Since the Company's inception in March 1997, Nevada Pacific Gold Ltd.
has raised $4.7 million in financing, acquired several high quality
exploration projects, formed a Strategic Alliance with Kennecott (Rio
Tinto), and entered into a joint venture agreement with Newmont Gold
Company.
Carlin Trend Kennecott (Rio Tinto) - Nevada Pacific Alliance
In 1998, Nevada Pacific Gold Ltd. and Kennecott (Rio Tinto) Exploration
Company formed a strategic alliance to jointly acquire and explore
mineral deposits on the Carlin Trend. Under the agreement, Nevada
Pacific and Kennecott contribute equally all funding for exploration and
acquisitions within the 1,000 square mile Alliance Area. Nevada Pacific
Gold Ltd. controls a 100% interest in all Alliance Properties and
manages all reconnaissance, property acquisitions and initial phases of
exploration. In return for contributing funds to the Alliance, Kennecott
has the right to select specific land positions within the Alliance,
where they can earn up to a 60% interest by solely spending US $5.25
million on exploration and development work. Any one selected land
position can be no larger than eight square miles in size. Kennecott
will manage all advanced exploration projects, mine development and
production.
Since its inception the Alliance has acquired approximately 20 square
miles of highly prospective ground along the southern portion of the
Carlin Trend (theSouth Carlin Project). The Properties are situated
between Newmont's Gold Quarry (20 million ounces) and Rain Mines (1.5
million ounces), surrounded on all sides by ground controlled by
Newmont. The lithologic and structural setting of the South Carlin
Project closely resembles that of the nearby Rain Deposit (1.5 million
ounces, Newmont Mining) and the Meikle Deposit (8.0 million ounces,
Barrick Gold).
For further information please contact: Bill Iversen or Geoff Chater at
Tel: (604) 646-0188 Fax: (604) 646-0189 or visit our Website:
nevadapacificgold.com
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