Toronto, Ontario
August 16, 2007
Nayarit Gold encounters high grade gold and silver at Orion District
1.5 metres of 18 g/t gold, and 1,420 g/t silver, including 3.0 metres of we ighted average grades of 8.52 g/t gold, and 763.50 g/t silver
Nayarit Gold Inc. (TSXV: NYG) is pleased to announce that drill results rec eived from its Phase One - 7,000 metre exploration program in the Orion dis trict has encountered high grade gold and silver. The Company has received drill results from 24 samples on the first phase of its drill program on t he "Minas de Animas" structure. Drilling continues at "Minas de Animas" as part of the six hole, 1,940 metre drill program for this area. Further re sults are expected over the coming weeks.
The following table summarizes highlights in excess of 100 g/t silver in OR -07-30:
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Sample Number From To Width (m) Gold (g/t) Silver (g/t)
(metres) (metres)
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725129 177.5 179.0 1.50 18.00 1,420
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725130 179.0 180.5 1.50 1.04 107
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725132 182.0 183.5 1.50 1.54 121
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725133 183.5 184.5 1.00 2.27 184
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725142 192.5 193.5 1.00 4.88 274
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725144 193.5 194.5 1.00 5.33 322
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725145 194.5 196.0 1.50 7.53 384
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725154 206.5 208.0 1.50 2.07 305
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772515 208.0 209.5 1.50 1.25 200
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"We are extremely pleased with the initial results from our first drill hol e" stated Colin Sutherland, President & CEO. "We have encountered minerali zation associated with veining over 52.5 metres in a zone dominated by a st rong central vein. The results are encouraging, and we are aggressively mo ving forward with our program."
The "Minas de Animas" structure is more than 2.0 km south east of Nayarit's Orion-Estrella working, and 2.3 km south of the Bonanza 1 workings. The m ain Minas de Animas system has been traced over a strike length of more tha n 850m on surface. Four adits have been located and sampled to date, three of which follow the main southerly dipping Minas de Animas structure for a total of more than 360m underground. The fourth adit is on a footwall str ucture. The vein systems are within a historic mining district where signi ficant mining has produced high grade gold and silver. Additionally, Vane Minerals Group is currently producing gold and silver from their Diablitos mine, located in the western portion of the Acaponeta district, of which th e Orion district is a part.
The Animas mine project area contains of a system of two sub-parallel quart z breccia veins that trend E-W to NW-SE. The project area has been densely sampled, yielding 16 gold assays of equal to or greater than 10 g/t Au. T he sampling program yielded 25 silver assays equal to or greater than 500 g/t Ag, with 9 assays equal to or greater than 1000 g/t Ag.
William J. Warren Jr., M.Sc., P.Geo is a Qualified Person as defined in NI 43-101 and has reviewed this release.
QA/QC Procedures: The Company has implemented a quality control program to ensure best practices in sampling and analysis of the core samples. The cor e is first logged then split in half during the sampling process with the r emaining half being retained for verification and reference purposes. Dupli cates, standards and blanks are inserted randomly into the sample stream. T he samples are delivered directly in security sealed bags to ALS-Chemex Lab oratories preparation facility in Guadalajara, Jalisco (Certification ISO 9 001). Sample pulps are shipped from there to ALS-Chemex Laboratories in Nor th Vancouver, Canada for analysis by ICP techniques. Metallic screen fire a nalyses for silver are also regularly run as an additional QA/QC check.
Nayarit Gold Inc. is a Toronto based junior resource company dedicated to g old exploration in the proven precious metal districts of Mexico. Manageme nt's goal is to build a profitable resource company and maximize shareholde r value through successful exploration programs and continued development.
For further information on Nayarit Gold please visit the company's website at www.nayaritgold.com or contact:
Mr. Colin P. Sutherland
President & CEO
(647) 477-6264
info@nayaritgold.com
CAUTIONARY STATEMENT
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or oth er regulatory authority has approved or disapproved the information contain ed herein. This News Release includes certain "forward-looking statements" .. All statements other than statements of historical fact, included in thi s release, including, without limitation, statements regarding potential mi neralization and reserves, exploration results, and future plans and object ives of Nayarit, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will pro ve to be accurate and actual results and future events could differ materia lly from those anticipated in such statements. Important factors that coul d cause actual results to differ materially from Nayarit's expectations are exploration risks detailed herein and from time to time in the filings mad e by Nayarit with securities regulators.
Press Release 18 - 2007
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