NewWest Gold Corporation

NewWest Gold Corporation Extends Mineralization at Long Canyon With Phase Two Program

    Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation (TSX:NWG) ("NewWest") today announced results  from its Phase Two drilling program at Long Canyon, one of NewWest's  principal projects in the Eastern Great Basin area of Elko County, Nevada.  The program consisted of nine drill holes, totaling 3,795 feet, and  successfully extended the drilled mineralization approximately 400 feet  along strike to the southwest. The results of the program are summarized below.

@@start.t1@@      -------------------------------------------------------------------------
         Hole         From         To    Drill      Gold  Inclu-  Inclu-    Drill      Gold
                      (feet)  (feet)  Inter-      at a      ding      ding  Inter-      at a
                                                  cept      0.01      From         To      cept      0.15
                                                (feet)    ounce  (feet)  (feet)  (feet)      gold
                                                          per ton                                              opt
                                                          ("opt")                                        cut off
                                                          cut off
      -------------------------------------------------------------------------
      LC-031              0         25         25    0.070          5         10          5    0.154
      -------------------------------------------------------------------------
      LC-032              0         30         30    0.076         15         20          5    0.234
      -------------------------------------------------------------------------
      LC-033              0         10         10    0.048          -          -          -          -
      -------------------------------------------------------------------------
                          285        295         10    0.013          -          -          -          -
      -------------------------------------------------------------------------
      LC-034              -          -          -          -          -          -          -          -
      -------------------------------------------------------------------------
      LC-035          350        370         20    0.013          -          -          -          -
      -------------------------------------------------------------------------
      LC-036            35         50         15    0.013          -          -          -          -
      -------------------------------------------------------------------------
      LC-037            35         75         40    0.021          -          -          -          -
      -------------------------------------------------------------------------
                            90        100         10    0.013          -          -          -          -
      -------------------------------------------------------------------------
                          165        225         60    0.047          -          -          -          -
      -------------------------------------------------------------------------
      LC-038          160        175         15    0.012          -          -          -          -
      -------------------------------------------------------------------------
      LC-039          130        140         10    0.032          -          -          -          -
      -------------------------------------------------------------------------@@end@@

    "For the year, with these Phase Two results included, we extended the  mineralization 1,200 feet to the southwest and 500 feet to the northeast,"  said Steve Alfers, President and Chief Executive Officer. "Based upon these  positive results, we are moving forward with our planning for an aggressive  2007 drill program at Long Canyon."

    The 2006 drilling program has confirmed and extended mineralization  along approximately 3,000 feet of the Long Canyon target and documented  that multiple zones of gold mineralization are present. Holes LC-031, LC- 032 and LC-033 extend drilled mineralization approximately 400 feet along  strike to the southwest in the main Long Canyon zone of mineralization. The  target as defined by the soil and rock chip sampling remains open to the southwest for approximately 1,800 feet. Phase Two hole LC-037 extends the  jasperoid zone of mineralization found earlier in 2006 in hole LC-030 by  200 feet along strike to the southwest. This zone is open to the northeast  and southwest.

    Phase Two results for Long Canyon and a map of the drill-hole locations  are available on the News page of NewWest's website at www.newwestgold.com.

    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  thirty gram sample with an atomic absorption finish. QA/QC included the  insertion of standards and blanks into the sample stream.

    Joint Venture Agreement

    NewWest and AuEx Ventures Inc. ("AuEx") recently signed the definitive  Joint Venture Agreement ("Agreement") for the Long Canyon project whereby  the two parties combined their respective land positions in the Long Canyon  Area. Under the terms of the Agreement, NewWest is the operator and may  earn a 51% interest in the consolidated project if it spends $5 million on  the project over a five year period. As of December 31, 2006, NewWest  expended approximately US$850,000 against this earn-in obligation. After completion, the Company may elect to carry AuEx through feasibility, if  warranted, thereby earning an additional 14%. The terms of the Agreement  are consistent with the terms disclosed in the Company's release dated  November 14, 2006.

    Qualified Person

    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 the technical data in this news release.

    Forward-Looking Statements

    This news release includes certain "forward-looking statements" within  the meaning of Canadian securities laws. Forward-looking statements involve  risks, uncertainties and other factors that could cause actual results,  performance, prospects and opportunities to differ materially from those  expressed in such forward-looking information. Forward-looking information  in this news release, includes but is not limited to, future exploration  and development plans, statements regarding potential mineralization and  reserve exploration, and future plans and objectives of NewWest Gold Corporation including future exploration and development. Any number of  important factors could cause actual results to differ materially from  these forward-looking statements, including those set out in the Company's  prospectus dated August 18, 2006, as well as future results. Although the  Company believes that the assumptions and factors used in preparing the  forward-looking statements are reasonable, undue reliance should not be  placed on these statements, which only apply as of the date of this news  release, and no assurance can be given that such events will occur in the  disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a  result of new information, future events or otherwise.

    About NewWest

    NewWest is one of the largest holders of precious metals mineral rights  in Nevada's gold trends, spanning approximately 623,000 acres. NewWest  holds 19 exploration projects, including advanced staged projects with  measured and indicated resources. NewWest's goal is to advance its projects  along the pipeline into production.

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

Contact:
For further information: NewWest Gold Corporation, Jennifer Van
Dinter, Director, Investor Relations, Tel: +1-(303)-425-7042, Fax:
+1-(303)-425-6634, info@newwestgold.com; NewWest Gold Corporation,
Stephen D. 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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