NSGold begins drilling on its Mooseland gold property and initiates remote sensing program

VANCOUVER, Aug. 15, 2011 /CNW/ - NSGold Corporation (NSX: TSXV) has unveiled an expansive second phase of drilling exploration planned for 5,000 meters at its wholly owned Mooseland gold property, located in Halifax County, Nova Scotia.

This second phase of drilling by NSGold will test under-explored areas in the historic drilling zones as well as complete several holes planned for last year's program that were not possible due to adverse weather conditions at the time. Several of the holes will be testing promising areas of the structure that have been sparsely drilled or unexplored in the past.

The objective of this program is to add to the 390,000 troy ounce inferred gold resource announced in June (see Press Release dated June 15, 2011) by testing known gold bearing areas in the historic drilling zones as well as completing several drill holes in promising areas of the structure which has seen only limited work in the past. Seven holes totaling 2,000 meters are planned for the East Zone and eight holes totaling 3,000 meters are planned for the West Zone. Most of this drilling will take place outside the boundaries of the two hundred meters of strike length drilled last year on each of the East and West zones.

The June 2011 43-101 compliant resource estimation was based on the results from one hundred and forty-one historic drill holes and twenty-six holes drilled by NSGold in last year's program.

As an additional aspect of the 2011 Mooseland program NSGold has contracted Leading Edge Geomatics (LEG) of Fredericton, New Brunswick to fly a LiDAR survey over all claims held by NSGold at its Mooseland Project. This technology has been proven to assist with delineating the structure and stratigraphy of other similar deposits in the region in particular the Meguma formation. LiDAR surveys use laser pulse technology to provide an optical remote sensing technique that can identify subtle surface features not readily seen by other remote sensing methods. This is a significant step in exploring the Mooseland anticline and related structures away from the main deposit, in particular the structurally complex region extending north and east immediately adjacent to the East Zone.

NSGold will also be flying LiDAR surveys at its Cheticamp, Indian Path, Ecum Secum and Moosehead properties covering a total area of one hundred and twenty four square kilometres. NSGold expects that LiDAR information will enable its technical staff to better interpret the structure of the rock formations on these properties and prove to be a useful tool in targeting known and prospective potential ore zones on the properties. The LiDAR surveys are also expected to be a very useful tool in the planning and implementation of ground geophysical surveys and diamond drill programs on those targets.