The programme included 17,970m in 39 reverse circulation holes and 4,360m in 10 diamond drill holes, and tested five target areas. With only 20% of Kinsley Mountain drill tested, the company is planning a 2021 drilling programme to build on multiple new discoveries and increase the current indicated and inferred resource.

"Last year, the New Placer Dome technical team recognised the potential of high-grade oxide gold values intersected within a limited number of drill holes adjacent to the historical heap-leach oxide main pit," said New Placer Dome founder and CEO Max Sali.

"We targeted the area with a modest campaign of 10 RC drill holes totalling 1,500m.

"The exceptional results released today point the way to future drilling to target these exceptionally high-grade oxide gold mineralisation zones."

Kinsley Mountain hosts a February 2020 of 4.9 million tonnes grading 2.63g/t for 418,000 ounces.

Shares in New Placer Dome Gold are trading at C20c, valuing the company at $18 million.