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NSGold Acquires 3,000 Hectares of Additional Land at its Dios Padre Property in Sonora, Mexico

18.07.2011  |  CNW
VANCOUVER, July 18, 2011 /CNW/ - NSGold Corporation (TSXV: NSX) is pleased to report that it has acquired, through claim staking, a total of 3,000 hectares near its Dios Padre property in the Municipality of Yecora, State of Sonora, Mexico. These claims are contiguous and surround ground, held by other parties, which is adjacent to NSGold's Dios Padre property. The claims are located 270 km by road east of Hermosillo, the capital of the State of Sonora, and 30 km west of the town of Yecora.

"We are pleased that we were able to acquire this ground that further consolidates and enhances our position in the area" said Hans van Hoof, CEO of NSGold. "Our Phase 1 exploration program has been designed to identify new targets on our properties in preparation for follow-up drill programs. This is a first step in that process."

The area staked by NSGold is characterized predominantly by outcroppings of Intermediate Volcanics intruded by Porphrytic Breccias similar to the rocks found on the Dios Padre claims The area has not been mapped in any detail and will be subject to part of a general geologic mapping survey to be conducted as part of NSGold's Phase 1 work program announced in its press release of June 6th, 2011.

The historic Dios Padre Mine and these newly-acquired claims lie in the Sierra Madre Oriental, in a Cretaceous volcanic stratigraphic sequence which is the host environment for significant gold and silver deposits, including those found in the nearby Sahuaripa, Mulatos, Dolores and Ocampo mining districts. The setting of these deposits varies but they all occur within what is deemed a highly-prospective zone.

Qualified Person

Perry MacKinnon P. Geo., Chief Geologist of NSGold, has reviewed the information provided in this news release and approved its dissemination.

About NSGold

NSGold Corporation is a mineral exploration company actively exploring for gold in Nova Scotia, Canada and silver in Mexico. NSGold's principal properties are the Mooseland gold property, located in Nova Scotia, and the Dios Padre property, located in the municipality of Yecora, State of Sonora, Mexico. NSGold's shares are listed on the TSX Venture Exchange under the symbol NSX.

Forward-Looking Statements

This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of NSGold Corporation ("NSGold"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that NSGold or its shareholders will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond NSGold's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risks and Uncertainties" in NSGold's Management Discussion and Analysis for the Year ended December 31, 2010, which is available on SEDAR at, and could cause actual events or results to differ materially from those projected in any forward-looking statements. NSGold does not intend, nor does NSGold undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Glenn A. Holmes
Chief Financial Officer, NSGold Corporation
(902) 798-1148
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