Another Junior in Idaho is taken over:

http://news.silverseek.com/SilverSeek/1321379306.php

VANCOUVER, BRITISH COLUMBIA--(Marketwire -11/15/11)- Silver Predator Corp. ("Silver Predator") (TSX: SPD.TO) and Nevgold Resource Corp. ("Nevgold") (TSX-V: NDG.V) are pleased to announce that they have entered into a letter of intent (the "LOI") whereby Silver Predator will acquire all of the outstanding securities of Nevgold (the "Proposed Transaction"). Nathan Tewalt, Chief Executive Officer of Nevgold, will be assuming the position of Chief Executive Officer of Silver Predator upon completion of the Proposed Transaction.

"I am pleased to announce this transaction," said William M. Sheriff, Chairman of Silver Predator. "The addition of Nevgold's silver assets to the Silver Predator portfolio, and the benefit of the substantial experience of Nevgold's senior management, are anticipated to propel our company forward as we continue to develop our properties in two of the world's preeminent silver jurisdictions."

Nathan Tewalt, Chief Executive Officer of Nevgold, stated: "By combining Nevgold's assets with Silver Predator, we are forming a well-capitalized Company with significant resources and upside potential; our whole team looks forward to combining forces to create a leading silver explorer."

About Nevgold Resource Corp.

Nevgold's exploration portfolio includes the Cornucopia Property, located within the Cornucopia silver mining district in Elko County, Nevada, the Copper King Property located two miles north of the Lucky Friday silver mine in the Coeur d' Alene District of Idaho, and the Cordero Property, located seven miles southwest of the town of McDermitt in Humboldt County, north-central Nevada.

Cornucopia Property

The Cornucopia Property occurs in Elko County's Cornucopia mining district, where historic underground high grade precious metal production started in 1873 from veins averaging approximately 24.6 oz per ton (opt) silver and 0.43 opt gold (Smith, 1976). The property is situated approximately 15 miles (24 km) north-northwest of Tuscarora, Nevada. Nevgold's consolidated land position covering the Cornucopia district is comprised of a contiguous block of one patented and 48 unpatented lode mining claims totaling approximately 950 acres (384 ha). The property's epithermal silver mineralization is hosted by Tertiary volcanic rocks, and has similarities to the Midas mine (Newmont Mining Corporation) and the Ivanhoe property (currently under development by Great Basin Gold) located 32 miles (51 km) to the southwest. The mineralization is associated with quartz veining, silicification and argillic alteration. High-grade silver veins of the Leopard underground mine occur with ruby silver, tetrahedrite, stephanite and electrum, and display crustiform to colliform banding, and evidence of multiple periods of vein and wall rock brecciation.

Copper King Property

The Copper King Property consists of 50 unpatented lode mining claims covering approximately 560 acres (226.6 ha) in northern Idaho's famous Coeur d'Alene Silver District. Nevgold's target at Copper King is a sediment-hosted, stratabound, copper-silver system similar to those found 100 miles (160 km) to the north in northwestern Montana (Troy Mine type). These deposits are also similar to the better-known examples from the copper belt of Central Africa. The Copper King claims are situated two miles north of Hecla's Lucky Friday Mine, one of the Coeur d'Alene District's largest silver producers, with production of over 144 million ounces of silver since 1942. Copper-silver mineralization occurs on the claim block, both as veins and larger stratabound disseminated bodies. The property has never been drilled despite productive mining of high grade stratabound mineralization immediately to the southeast at the Snowstorm and National Mines.