VANCOUVER, B.C. February 25, 2021 – STEVENS GOLD NEVADA INC. (CSE:SG, OTCQB:STVGF, FSE:311) (the “Company” or “Stevens Gold”) is pleased to announce it will dispatch a field crew to its optioned Millennium Gold Property (the “Property”) located 4.8 km northeast of Lake Havasu City in Mojave County, western Arizona. High-grade but underexplored low sulphidation volcanic-hosted epithermal gold mineralization on the property will be the target of further prospecting and sampling.
The 3,408 acre Millennium Gold Property hosts multiple examples of untested gold mineralization exposed at surface. The only historic drill-tested gold zone at Westley Hill will be confirmed by the Company with its maiden drill program upon receipt of native plant and archeological survey reports required by the Arizona State Lands Department.
Additional gold mineralized zones on the property occur as pipe-like breccia zones and occur at structural intersections between faults and rhyolite dykes and domes in the interpreted upper level of a hydrothermal system. One of these gold zones termed “7-Gram Hill” is a west-striking breccia zone with historic assays of 7.05 grams per tonne gold over 8 feet. This zone and surrounding area will be the primary target of additional rock chip sampling and prospecting by the Stevens Gold prospecting crew. Assay results will be released as they are received.
The Company is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the project.
The Technical Report was prepared by Dr. Mark Fedikow, P.Geo., of Mount Morgan Resources Ltd. Dr. Fedikow is independent of Stevens Gold Nevada Inc., is a “Qualified Person” as defined by NI 43-101 and has reviewed and approved all technical information in this release.
About Stevens Gold Stevens Gold
Stevens Gold (CSE:SG, OTCQB:STVGF, FSE:311) is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America. Stevens Gold is exploring the optioned Millennium Gold property in Arizona. The Millennium Gold property consists of three State mineral leases and 72 BLM claims totaling 3,408 acres and is in the general vicinity of the Oatman mining district where over 2 million ounces of bonanza-grade gold has been discovered and where Equinox’s Castle Mountain open pit gold mine is located, please see the Technical Report filed on SEDAR for more information.
ON BEHALF OF STEVENS GOLD NEVADA INC.
CEO, President, Director & Secretary
This press release includes forward-looking information within the meaning of Canadian securities legislation, concerning the business of Stevens Gold. Forward-looking information is based on certain key expectations and assumptions made by the management of Stevens Gold. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that: the Company will dispatch a field crew to its optioned Millennium Gold Property; the 7-Gram Hill” zone and surrounding area will be the primary target of additional rock chip sampling and prospecting by the Stevens Gold prospecting crew; the 7-gram Hill zone has historic assays of 7.05 grams per tonne gold over 8 feet; the Millennium Gold Property hosts multiple examples of untested gold mineralization exposed at surface; and assay results will be released as they are received. Although Stevens Gold believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Stevens Gold can give no assurance that they will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements.
Actual results may vary from the forward-looking information in this news release due to certain material risk factors described in the Corporation’s Annual Information Form under the heading “Risk Factors” and the failure to complete the Offering on the terms set forth herein in a timely manner or at all, the risk that regulatory approvals will not be received and the risk that changing circumstances will result in the proceeds being used in a manner other than as set forth herein. The Company cautions that the foregoing list of material risk factors and assumptions is not exhaustive.
The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.