Hot Pot Overview

• OVERVIEW
• GEOLOGY
• EXPLORATION
• NEXT PHASES OF WORK

Location: Humboldt County, Nevada Size/Ownership: 880 Hectares of private land leased from a private land owner* 6 Unpatented Mining Claims owned 100% by NGE (40 Hectares) TOTAL: 920 Hectares (3.6 miles2) *Subject to a 1.25% NSR to Royal Gold Inc. (TSX:RGL) and a 3% NSR to the private land owner JV/Option Status: Available

Work to Date:

• Phase I Drilling (2005)
• Hydrogeochemistry (2007)
• Soil Geochemistry (2007)
• Seismic Geophysics (2007)
• Gravity Geophysics (2008)
• Phase II Drilling (2010)

Project Summary

• The Hot Pot Project is located along the Battle Mountain - Eureka Gold Trend, approximately 8 km (5 miles) east of Newmont's Lone Tree mine (+5,000,000 oz Au), and 9 km (6 miles) north-northeast of Goldcorp's Marigold mine (+4,000,000 oz Au).
   
• NGE identified the Hot Pot Project as a direct result of its groundwater chemistry exploration program.  NGE secured the target with a mineral lease from a private land owner and by staking unpatented mining claims.
   
• NGE has completed geochemistry, geophysics, and Phase I & II drilling at Hot Pot, and has discovered a completely covered gold bearing hydrothermal system similar in size and ore controlling features to the nearby Lone Tree and Marigold mines.
   
• In 2009, NGE and International Enexco Ltd. (TSX.V:IEC) signed an Exploration and Option to Enter Joint Venture Agreement, whereby Enexco can earn a 51% interest in the Hot Pot Property by drilling 6,000 meters (19,600ft) over three years, with the option to earn an additional 19%, for 70% total, by drilling another 3,000 meters (9,800ft) during the fourth year.
   
• In 2009/2010 Enexco completed 3,462 meters (11,300 feet) of core drilling at Hot Pot.  Enexco's wide-spaced drilling encountered shallow, hydrothermally altered bedrock, and weak, but widespread anomalous gold.

Project News