NewWest Gold Corporation

NewWest Gold Corporation Receives its First NI 43-101 Compliant Resource Estimate for Sandman Project

    Lakewood, Colorado (ots/PRNewswire) -

    - Brings Total NI 43-101 Compliant Measured and Indicated Resources to  1.8 Million Contained Gold Equivalent Ounces

    NewWest Gold Corporation (TSX:NWG) ("NewWest"), today announced an 18%  increase in its NI 43-101 compliant measured and indicated contained gold  resources, bringing the total contained gold equivalent ounces attributable  to NewWest's Northumberland, Zaca and Sandman projects to approximately 1.8  million ounces. In addition, NewWest has 239,000 contained gold equivalent  ounces of inferred resources for those projects. Gold equivalent is  calculated at a gold-silver ratio of 67:1. For a detailed resource table,  please see the table attached at the end of this release or refer to the  Gold Resources page of NewWest's website at www.newwestgold.com.

    NewWest made the announcement after confirming its first National Instrument 43-101 (NI 43-101) compliant resource estimate at its entirely owned Sandman Project (Sandman) in Humboldt County, Nevada. This is the first NI 43-101 compliant resource estimate for Sandman and incorporates results from NewWest's 2006 Sandman exploration drilling program. NewWest expects to file its NI 43-101 technical report within 45 days from the date of this news release.

    The initial Sandman resource consists of measured and indicated resources of 271,900 contained gold ounces and an additional inferred resource of  38,000 contained gold ounces (based on a 0.010 oz Au/ton cut-off for all of  the shallow deposits and a 0.020 oz Au/ton cutoff for the deeper zones at the Southeast Pediment deposit).

    The NI 43-101 resource estimate at Sandman is comprised of resources from four deposits: Abel Knoll, North Hill, Silica Ridge, and Southeast Pediment. As previously reported, drilling at all four deposits has encountered high-grade mineralization.

    "This initial resource estimate for Sandman sets the stage for our 2007 program to expand the resources at the four deposits, all of which remain open, and to continue testing identified targets, some of which already contain drilled mineralization," said Stephen Alfers, President and Chief Executive Officer. "The Abel Knoll deposit discovered in 2006 illustrates the potential to discover new deposits through additional exploration that will add ounces to the Sandman resource base."

    Resource Estimate

    Mine Development Associates of Reno, Nevada prepared the NI 43-101 compliant resource estimate using the standard inverse distance weighting method. The resource consists of measured and indicated gold resources of 271,900 contained ounces (representing approximately 8,033,000 tons with an average grade of 0.034 oz Au/ton) and an additional 38,000 contained gold ounces of inferred resources (representing approximately 1,418,000 tons with an average grade of 0.027 oz Au/ton). The resources for each of the four  known gold deposits are shown in Table 1.

@@start.t1@@                                                        Table 1
                  Resource Estimates for the Four Sandman Gold Deposits
      -------------------------------------------------------------------------
                                                                                  Measured &
                                         Measured        Indicated        Indicated         Inferred
      Deposits                    Ounces Au        Ounces Au        Ounces Au        Ounces Au
      -------------------------------------------------------------------------
      Abel Knoll                        6,200            27,900            34,100            21,600
      -------------------------------------------------------------------------
      North Hill                      14,400            78,400            92,800              6,200
      -------------------------------------------------------------------------
      Silica Ridge                  16,200            39,000            55,200              7,400
      -------------------------------------------------------------------------
      SE Pediment                    45,300            44,500            89,800              2,800
      -------------------------------------------------------------------------
         TOTALS                         82,100          189,800          271,900            38,000
      -------------------------------------------------------------------------
      -    Resource is based on a 0.010 oz Au/ton cutoff for the Abel Knoll,
            North Hill, and Silica Ridge deposits, and 0.010 and 0.020 oz Au/ton
            cutoffs for the SE Pediment deposit.@@end@@

    The Sandman resource estimate is based on results from a total of 510 drill holes, 160 of which were drilled in 2006 within the resource  calculation area. The 2006 drilling campaign consisted mainly of  reverse-circulation rotary drilling augmented with some core drilling.  The majority of the 2006 holes were step-outs drilled roughly on 100-foot  centres making it possible to classify a large part of the resource into  the measured and indicated categories.

@@start.t2@@      2007 Sandman Exploration Program
      This month, NewWest will initiate Phase One of the 2007 Exploration
      Program at Sandman. This program is designed to accomplish three
      objectives:
      1)  Increase the resources at the known deposits by further defining and
            drilling structures which control mineralization. All of the deposits
            have some potential for discovering more ounces because the 2006
            drilling program ended before mineralization was completely closed
            off by drill holes. Both the Abel Knoll and the North Hill deposits
            look especially promising because they are open in several
            directions;
      2)  Conduct follow-up drilling at the Sandbowl, Southeast Pediment West,
            and Windmill targets. Each of these targets includes strongly
            anomalous gold mineralization that was intercepted in holes drilled
            in 2006; and
      3)  Define and explore frontier target areas to discover new deposits
            that are as exciting and as significant as last year's frontier
            discovery of the Abel Knoll deposit.@@end@@

    NewWest will spend approximately US $0.6 million for reverse-circulation rotary drilling, geological research, and metallurgical scoping work during Phase One of the 2007 Sandman Exploration Program. Additionally, Phase One activities will include preparing a Plan of Operations for expanded exploration drilling at the North Hill and Silica Ridge deposits. NewWest  will submit this permit application to state and federal regulatory agencies  in the near future.

    Phase Two of the 2007 Sandman Exploration Program is expected to consist of follow-up drilling on new discoveries identified by the 2007 Phase One drilling campaign, and district geochemical and geophysical surveys to identify new targets that are buried beneath the alluvial and wind-blown sand deposits that blanket the Sandman project area.

    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 fire assay on a 30 gram sample with an atomic absorption finish. Samples with higher grades were re-assayed by fire assay with a gravimetric determination. QA/QC included assays on rig duplicate splits, and the insertion of numerous standards and blanks into the sample stream. Assays were checked using ALS Chemex, also of Sparks, Nevada. Michael Gustin, Ph.D., of Mine Development Associates, Reno, Nevada, is NewWest's qualified person as defined by NI 43-101 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, economic performance, 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 Annual Information Form as of December 31, 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-stage projects with measured and indicated resources. NewWest's goal is to move its projects into production.

@@start.t3@@                                    NewWest Gold Resource Table(1)
      -------------------------------------------------------------------------
                                                                    Average        Average
      Northumberland                                    Gold Grade  Silver Grade  Contained
        Project(2)(3)                    Tons        (oz Au/ton)  (oz Ag/ton)    Gold (oz)
      -------------------------------------------------------------------------
      Measured Resources         12,998,000            0.053                -          693,000
      -------------------------------------------------------------------------
      Indicated Resources        17,912,000            0.076                -        1,365,000
      -------------------------------------------------------------------------
      Total Measured and
        Indicated Resources      30,910,000            0.067                -        2,058,000
      -------------------------------------------------------------------------
      Inferred Gold Resources  4,381,000            0.091                -          399,000
      -------------------------------------------------------------------------
      Inferred Silver
        Resources                      35,291,000                  -         0.145                    -
      -------------------------------------------------------------------------
      Total Inferred
        Resources                                                                                        399,000
      -------------------------------------------------------------------------
      ---------------------------------------------------------------
                                                                 Contained Gold  NewWest's
      Northumberland                 Contained      Equivalent(4)      Share
        Project(2)(3)                Silver (oz)      (oz Au-eq)      (oz Au-eq)
      ---------------------------------------------------------------
      Measured Resources                        -            693,000         277,000
      ---------------------------------------------------------------
      Indicated Resources                      -         1,365,000         546,000
      ---------------------------------------------------------------
      Total Measured and
        Indicated Resources                    -         2,058,000         823,000
      ---------------------------------------------------------------
      Inferred Gold Resources                -            399,000         160,000
      ---------------------------------------------------------------
      Inferred Silver
        Resources                        5,111,000              76,000          30,000
      ---------------------------------------------------------------
      Total Inferred
        Resources                        5,111,000            475,000         190,000
      ---------------------------------------------------------------
      -------------------------------------------------------------------------
                                                                    Average        Average
      Zaca                                                    Gold Grade  Silver Grade  Contained
        Project(5)                         Tons        (oz Au/ton)  (oz Ag/ton)    Gold (oz)
      -------------------------------------------------------------------------
      Measured Resources          8,097,000          0.019            0.704         151,000
      -------------------------------------------------------------------------
      Indicated Resources        18,730,000          0.014            0.707         266,000
      -------------------------------------------------------------------------
      Total Measured and
        Indicated Resources      26,827,000          0.016            0.706         417,000
      -------------------------------------------------------------------------
      Total Inferred
        Resources                          329,000          0.018            1.033            6,000
      -------------------------------------------------------------------------
      ---------------------------------------------------------------
                                                                 Contained Gold  NewWest's
      Zaca                                 Contained      Equivalent(4)      Share
        Project(5)                    Silver (oz)      (oz Au-eq)      (oz Au-eq)
      ---------------------------------------------------------------
      Measured Resources          5,700,000            236,000         236,000
      ---------------------------------------------------------------
      Indicated Resources        13,242,000            464,000         464,000
      ---------------------------------------------------------------
      Total Measured and
        Indicated Resources      18,942,000            700,000         700,000
      ---------------------------------------------------------------
      Total Inferred
        Resources                          340,000              11,000          11,000
      ---------------------------------------------------------------
      -------------------------------------------------------------------------
                                                                    Average        Average
      Sandman                                                Gold Grade  Silver Grade  Contained
        Project(6)                         Tons        (oz Au/ton)  (oz Ag/ton)    Gold (oz)
      -------------------------------------------------------------------------
      Measured Resources          1,710,000          0.048                  -          82,100
      -------------------------------------------------------------------------
      Indicated Resources         6,323,000          0.030                  -         189,800
      -------------------------------------------------------------------------
      Total Measured and
        Indicated Resources        8,033,000          0.034                  -         271,900
      -------------------------------------------------------------------------
      Total Inferred
        Resources                        1,418,000          0.027                  -          38,000
      -------------------------------------------------------------------------
      ---------------------------------------------------------------
                                                                 Contained Gold  NewWest's
      Sandman                            Contained      Equivalent(4)      Share
        Project(6)                    Silver (oz)      (oz Au-eq)      (oz Au-eq)
      ---------------------------------------------------------------
      Measured Resources                        -              82,100          82,100
      ---------------------------------------------------------------
      Indicated Resources                      -            189,800         189,800
      ---------------------------------------------------------------
      Total Measured and
        Indicated Resources                    -            271,900         271,900
      ---------------------------------------------------------------
      Total Inferred
        Resources                                    -              38,000          38,000
      ---------------------------------------------------------------
      (1) Mineral resources have been estimated by Mine Development Associates
            ("MDA") in accordance with the standards adopted by the Canadian
            Institute of Mining, Metallurgy and Petroleum ("CIM") Council in
            August 2000, as amended, and prescribed by the Canadian Securities
            Administrators' National Instrument 43-101 Standards of Disclosure
            for Mineral Projects. The mineral resources expressed in the tables
            above are based on the technical reports prepared by MDA as of
            July 24, 2006 with respect to the Northumberland Project, May 24,
            2006 with respect to the Zaca Project and the May 2007 resource
            estimate with respect to the Sandman Project. NewWest expects to file
            its NI 43-101 technical report for Sandman within 45 days from the
            date of this news release.
      (2) Resources are shown at both 100% and a 40% proforma basis, assuming
            Newmont has earned its interest. Newmont can initially earn a 60%
            interest in the joint venture by completing US$25 million of
            expenditures on the property by the end of 2010. NewWest retains a 3%
            net smelter return royalty on 100% of the Northumberland resources.
      (3) The gold cut-off grades (expressed in ounces of gold per ton) for the
            Northumberland Project measured, indicated and inferred resources are
            0.01 for oxide material, 0.04 for shallow sulfide material and 0.10
            for deep sulfide material. The inferred silver resources include only
            silver lying within the modeled gold zones and within blocks that
            exceed the gold cut-off grades; no silver cut-off is applied.
      (4) Gold equivalent calculated at gold-silver ratio of 67:1.
      (5) The cut-off grade for the Zaca Project measured, indicated and
            inferred resources is 0.01 ounces of gold equivalent per ton.
      (6) The cut-off grade (expressed in ounces of gold per ton) for the
            Sandman Project measured, indicated and inferred resources is 0.01
            for all of the shallow deposits and a 0.02 for the deeper zones at
            the Southeast Pediment deposit.@@end@@

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

Contact:
For further information: NewWest Gold Corporation, Stephen Alfers,
President and Chief Executive Officer, Tel: +1-303-425-7042, Fax:
+1-303-425-6634, newwest@newwestgold.com



Weitere Meldungen: NewWest Gold Corporation

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