NewWest Gold Corporation

NewWest Gold Corporation Reports Multiple High Grade Intercepts at Sandman Project

    Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation (TSX:NWG) ("NewWest") today announced results  from its Phase One drilling program at its Sandman Project (Sandman),  located in Humboldt County Nevada.

    The Phase One program included 75 reverse circulation (RC) holes designed to expand and test shallow and deep targets at the known mineralized zones of Southeast Pediment, Silica Ridge and North Hill. NewWest also completed nine RC holes to test three district targets at Abel Knoll, Windmill and Sandbowl as part of the Phase One program. In total, 84 holes were completed, exceeding 27,000 feet. The drilling continued to produce high-grade intercepts associated with known mineralization, including angle-hole NH06-66 at North Hill which intercepted 5 feet at 3.956 oz Au/ton (within 40 feet of continuous gold mineralization between 10 and 50 feet with an average grade of 1.092 oz Au/ton), vertical hole SR06-100 at Silica Ridge which encountered 5 feet at 1.167 oz Au/ton (within 75 feet of continuous gold mineralization from 135 to 210 feet with an average grade of 0.236 oz Au/ton), and vertical hole AK06-2 at Abel Knoll which encountered 5 feet at 1.559 oz Au/ton (within 420 feet of continuous gold mineralization with an average gold grade of 0.087 oz Au/ton between 245 and 665 feet).

    "We are excited by these drilling results," said Steve Alfers, President and Chief Executive Officer. "We verified newly discovered zones of mineralization at Southeast Pediment with excellent grades and thicknesses and have expanded mineralization at Silica Ridge and North Hill, both laterally and at depth. Our new discovery of high-grade gold mineralization at Abel Knoll is especially exciting and demonstrates the potential of our district exploration program."

@@start.t1@@        <<
                                Table 1: Phase 1 Drill Program Summary
        -----------------------------------------------------------------------
                Location          No. of    Total Footage
                                         Holes         (feet)              Status After Phase 1
        -----------------------------------------------------------------------
        Abel Knoll                        2              1,015  Discovered new, continuous
                                                                                mineralized zone
        -----------------------------------------------------------------------
        Southeast Pediment          2              1,230  Identified multiple
                                                                                mineralized zones at depth
        -----------------------------------------------------------------------
        Silica Ridge                  38            12,685  Expanded known mineralization
                                                                                laterally and at depth
        -----------------------------------------------------------------------
        North Hill                      33              8.320  Extended continuous
                                                                                mineralization
        -----------------------------------------------------------------------
        Sandbowl                          5              1,760  Identified new mineralization
        -----------------------------------------------------------------------
        Windmill                          1                 400  Identified new mineralization
        -----------------------------------------------------------------------
        >>@@end@@

    Complete Phase One results and a map of the drill-hole locations are available on NewWest's website at www.newwestgold.com. Selected assay results are presented below. All reported drill intervals are believed to be close to true width except as noted in the text. Intervals are averages of fire assay gold values using a cut-off grade of approximately 0.010 oz Au/ton. NewWest's Phase Two program is underway and is designed to include an additional 100 holes with an estimated budget of approximately US$1.2 million.

    ABEL KNOLL

    Two exploration holes drilled at the Abel Knoll geochemical anomaly, located approximately three miles southeast of Southeast Pediment, identified a new zone of mineralization. Vertical hole AK06-2 encountered 420 feet of continuous gold mineralization with an average gold grade of 0.087 oz Au/ton between 245 and 665 feet. The zone includes 25 feet with an average gold grade of 0.397 oz Au/ton between 350 and 375 feet with a high five-foot value of 1.227 oz Au/ton, and 100 feet with an average grade of 0.192 oz Au/ton between 535 and 635 feet with a high five-foot value of 1.559 oz Au/ton. The width of the mineralized zone is unknown. The top 390 feet of the zone is oxidized based on a high abundance of pervasive limonite minerals. Selected Phase One drill results for Abel Knoll are as follows:

@@start.t2@@        <<
                  TABLE 2: Selected Phase One Drilling Results: Abel Knoll
        ------------------------------------------------------------------------
        Drill Hole    Depth    From        To      Intercept    Gold Grade  High 5' Gold
                            (feet) (feet)  (feet)      (feet)        oz Au/ton      oz Au/ton
        ------------------------------------------------------------------------
              AK06-1        350      210        225                15            0.015              0.019
                                          235        240                 5            0.010              0.010
        ------------------------------------------------------------------------
              AK06-2        665      245        665              420            0.087              1.559
        ------------------------------------------------------------------------
        >>@@end@@

    SOUTHEAST PEDIMENT

    Two angle RC holes were drilled at Southeast Pediment to explore for and help define newly discovered mineralization below the Southeast Pediment fault zone. Hole SEP06-93 encountered two new zones of mineralization beneath the known shallow mineralization, one zone of 50 feet of continuous mineralization with an average grade of 0.070 oz Au/ton between 465 and 515 feet, and a second zone of 45 feet of continuous mineralization with an average grade of 0.120 oz Au/ton between 605 and 650 feet. Hole SEP06-92 limits mineralization to the south, but the zone remains open to the north. Selected Phase One drill results for Southeast Pediment are as follows:

@@start.t3@@        <<
            TABLE 3: Selected Phase One Drilling Results: Southeast Pediment
        ------------------------------------------------------------------------
        Drill Hole      Depth      From         To      Width      Gold Grade  High 5' Gold
                              (feet)  (feet)    (feet)  (feet)      oz Au/ton      oz Au/ton
        ------------------------------------------------------------------------
          SEP06-92         580                                              (less than)
                                                                                            0.010
        ------------------------------------------------------------------------
          SEP06-93         650        115         140         25              0.013              0.020
                                              465         515         50              0.070              0.188
                                              605         650         45              0.120              0.266
        ------------------------------------------------------------------------
        >>@@end@@

    SILICA RIDGE

    Thirty-eight vertical and angle RC holes significantly increased the size of mineralized zones along five structural controls and added continuity to the zones. The zones remain open to the north and south. Vertical hole SR06-100 encountered 75 feet of continuous gold mineralization from 135 to 210 feet with an average grade of 0.236 oz Au/ton, including a five-foot intercept of 1.167 oz Au/ton. Mineralization appears to be oxidized and metallurgical analysis is ongoing. NewWest's plan for Phase Two includes 40 RC holes to further test the Silica Ridge fault and the under-explored north end of the Silica Ridge mineralization. Selected Phase One drill results for Silica Ridge are as follows (width given for SR06-129 is the partial down-dip length):

@@start.t4@@        <<
                TABLE 4: Selected Phase One Drilling Results: Silica Ridge
        ------------------------------------------------------------------------
        Drill Hole      Depth      From         To      Width      Gold Grade  High 5' Gold
                              (feet)  (feet)    (feet)  (feet)      oz Au/ton      oz Au/ton
        ------------------------------------------------------------------------
            SR06-92         220         10          20         10              0.015              0.017
                                                85          95         10              0.011              0.011
                                              130         165         35              0.030              0.059
        ------------------------------------------------------------------------
            SR06-93         350          0            5          5              0.027              0.027
                                                15          25         10              0.018              0.020
                                                65          85         20              0.011              0.013
                                                95         120         25              0.019              0.031
        ------------------------------------------------------------------------
          SR06-100         360         15          25         10              0.013              0.016
                                              135         210         75              0.236              1.167
                                              320         360         40              0.169              0.686
        ------------------------------------------------------------------------
          SR06-101         425        265         425        160              0.042              0.143
        ------------------------------------------------------------------------
          SR06-102         380        235         265         30              0.026              0.064
                                              285         320         35              0.063              0.217
                                              335         345         10              0.029              0.043
        ------------------------------------------------------------------------
          SR06-106         150          5          20         15              0.028              0.045
                                                30          50         20              0.023              0.057
                                                60          95         35              0.050              0.145
        ------------------------------------------------------------------------
          SR06-113         450          0          60         60              0.065              0.226
                                              195         215         20              0.039              0.070
                                              265         275         10              0.017              0.017
        ------------------------------------------------------------------------
          SR06-118         290         65          80         15              0.064              0.111
                                                90         105         15              0.072              0.153
        ------------------------------------------------------------------------
          SR06-129         500        170         265         95              0.033              0.163
                                              275         445        170              0.019              0.053
        ------------------------------------------------------------------------
        >>@@end@@

    NORTH HILL

    Thirty-three step-out holes drilled in the Northwest Zone at North Hill significantly increased the size of the zone and encountered higher grades and thicknesses than in previous drilling. Angle-hole NH06-66 intercepted 40 feet of continuous gold mineralization between 10 and 50 feet with an average grade of 1.092 oz Au/ton, including a five-foot high intercept grading 3.956 oz Au/ton. The drilling extends the mineralized zone to a length of approximately 900 feet, and the zone remains generally open in all directions. The mineralization appears to be oxidized and metallurgical analysis is ongoing. NewWest plans to drill 30 holes, for a total of approximately 7,500 feet, in the Phase Two program at North Hill. This program will include step-out drilling to establish the dimensions of the mineralized zone. Selected Phase One drill results for North Hill are as follows:

@@start.t5@@        <<
                  TABLE 5: Selected Phase One Drilling Results: North Hill
        ------------------------------------------------------------------------
        Drill Hole      Depth      From         To      Width      Gold Grade  High 5' Gold
                              (feet)  (feet)    (feet)  (feet)      oz Au/ton      oz Au/ton
        ------------------------------------------------------------------------
            NH06-49         270                                              (less than)
                                                                                            0.010
        ------------------------------------------------------------------------
            NH06-50         250        175         225         50              0.175              0.566
        ------------------------------------------------------------------------
            NH06-52         340         20          30         10              0.013              0.013
                                              150         200         50              0.030              0.108
                                              210         230         20              0.049              0.131
        ------------------------------------------------------------------------
            NH06-53         320        145         160         15              0.022              0.024
                                              180         200         20              0.044              0.084
                                              220         245         25              0.148              0.467
                                              255         265         10              0.020              0.026
        ------------------------------------------------------------------------
            NH06-54         280         90         120         30              0.019              0.031
                                              120         155         35              0.096              0.207
                                              185         195         10              0.062              0.103
        ------------------------------------------------------------------------
            NH06-56         240         50         100         50              0.066              0.423
                                              110         115          5              0.024              0.024
        ------------------------------------------------------------------------
            NH06-58         320         85         115         30              0.065              0.222
                                              120         135         15              0.037              0.076
                                              140         145          5              0.026              0.026
                                              175         195         20              0.040              0.056
                                              220         235         15              0.016              0.027
        ------------------------------------------------------------------------
            NH06-63         280         45          65         20              0.100              0.179
                                                90          95          5              0.042              0.042
                                              115         120          5              0.035              0.035
                                              165         195         30              0.019              0.024
                                              245         280         35              0.019              0.061
        ------------------------------------------------------------------------
            NH06-66         160         10          50         40              1.092              3.956
                                                95         105         10              0.016              0.018
        ------------------------------------------------------------------------
            NH06-77         300         25          50         25              0.029              0.085
                                                75          80          5              0.034              0.034
                                              100         120         20              0.060              0.128
        ------------------------------------------------------------------------
            NH06-81         200         10          15          5              0.012              0.012
                                                30          35          5              0.013              0.013
                                              110         165         55              0.068              0.213
        ------------------------------------------------------------------------
            NH06-82         190         60          65          5              0.020              0.020
                                              130         165         35              0.081              0.233
        ------------------------------------------------------------------------
            NH06-85         230         70          75          5              0.011              0.011
                                              110         150         40              0.047              0.209
                                              160         195         35              0.023              0.068
        ------------------------------------------------------------------------
            NH06-86         140         25          45         20              0.086              0.160
                                                70         110         40              0.014              0.021
        ------------------------------------------------------------------------
        >>@@end@@

    DISTRICT EXPLORATION

    Phase One drilling of district targets Sandbowl and Windmill also identified additional mineralization. At Sandbowl, which is approximately 2,000 feet west-southwest from North Hill, five exploration holes with a total footage of 1,760 feet were drilled. Three of the holes, NH06-60, NH06-75, and NH06-76, resulted in the discovery of the Sandbowl mineralized zone. Strongly anomalous gold mineralization was also encountered in angle hole WM06-1 at the Windmill Anomaly, which is located between Southeast Pediment and Silica Ridge. Additional step-out drilling at both Sandbowl and Windmill are planned for Phase Two.

    Qualified Person

    All drill samples were collected following standard industry practice and were assayed by American Assay Laboratories, Inc. of Sparks, Nevada. Gold results were determined using standard fire assay techniques on a 30 gram sample with an atomic absorption finish. QA/QC included the insertion of numerous standards and blanks into the sample stream. Michael Gustin, Ph.D., of Mine Development Associates, Reno, Nevada, is NewWest's qualified person as defined by NI43-101 and has reviewed and approved this news release.

    Forward-Looking Statements

    Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of future operating results, economic performance, potential mineralization and resources, exploration results and further plans and objectives are forward looking statements that involve various risks and uncertainties which, although considered reasonable by NewWest at the time of preparation, may prove to be incorrect. Readers are cautioned that there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

ots Originaltext: NewWest Gold Corporation
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: NewWest Gold Corporation, Jennifer Van
Dinter, Director of Investor Relations, Tel: +1-303-425-7042, Fax:
+1-303-425-6634, info@newwestgold.com; NewWest Gold Corporation,
Stephen Alfers, President and Chief Executive Officer, Tel:
+1-303-425-7042, Fax: +1-303-425-6634



Weitere Meldungen: NewWest Gold Corporation

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