NSGold Corporation announced the completion of a phase 1 exploration program at its Silver Hill Property located in the Edna Mountains, Humboldt County, Nevada. The Silver Hill claims are located about six miles south of Golconda, and are situated within the Getchell Trend, a well-known mineral belt that is host to the Twin Creeks, Chimney, Getchell, Pinson, and Preble mines, among others. The phase 1 program comprised preliminary geologic mapping, geochemical sampling, and structural analysis.

Geologic mapping has delineated and rock chip sampling has confirmed a 2500 to 3000 foot long zone of silver and gold mineralization within a 25 to 100 foot wide high angle shear zone. Mapping suggests the high angle shear zone may be a variant of the Golconda Thrust or a later fault zone that offsets the thrust zone. Strong silver and gold values were found within argillically-altered and silicified phyllite and calcareous rocks of the Preble Formation within the shear zone.

In the mineralized zones, silver values are highly anomalous, ranging up to 243 grams per tonne. Gold values are low but anomalous, and generally are within a range of 0.1 to 0.156 grams per tonne. Silver mineralization exhibits strong affinities with tungsten, bismuth, and molybdenum, with subsidiary affinities with lead, arsenic, copper, and iron.