NewWest Gold Corporation

NewWest Gold Corporation Reports Positive Results of Roadcut Rock-Chip Samples at Long Canyon

    Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation (TSX: NWG) ("NewWest") today announced results  of roadcut rock-chip channel sampling at its Long Canyon project, one of  NewWest's principal projects in the Eastern Great Basin area of Elko County , Nevada. NewWest previously reported the results of its Phase One drilling  program at Long Canyon on September 21, 2006. The Phase One drilling  program consisted of 16 reverse-circulation drill holes totaling 6,610 feet  and the construction of approximately 5,100 feet of access roads. Results  from the Phase One drilling program included the best drill intercept to  date at Long Canyon.

    NewWest's wholly owned subsidiary, NewWest Gold USA Inc. is the manager of a joint venture at Long Canyon with AuEx Ventures, Inc (TSX-V:  XAU) ("AuEx"). Under the terms of the joint venture, the two companies  combined NewWest's private land position with AuEx's mining claims at Long  Canyon. NewWest's initial interest on the project is 51% and AuEx's  interest is 49%. NewWest has the right to earn its 51% in the project by  spending US$5.0 million within five years. Once NewWest completes its earn- in, NewWest has the option to increase its ownership to 65% by completing a  feasibility study.

    "These roadcut rock-chip sampling results confirm our interpretation  of the structure and stratigraphy at Long Canyon," said Steve Alfers,  President and CEO. "Based on these results, we are currently re-evaluating  our previous Phase Two drill plans and expect to begin drilling in early  November."

    Systematic rock-chip channel sampling and detailed geologic mapping of  the new roadcut exposures were recently completed, representing a critical  element in the interpretation of the geology and the controls on gold  mineralization. The roadcut rock-chip sampling extended the known zone of  mineralization 1,200 feet to the south including 40 feet with an average  grade of 0.272 ounces of gold per ton (oz Au/ton). All sample intervals are  reported as collected; investigations to determine true widths are ongoing.  The results from the roadcut channel sampling (using a 0.010 oz Au/ton cutoff) are reported below. A map showing the location of the mineralized  roadcut intervals is available on the Company's website at

@@start.t1@@        -------------------------------------------------------------------
        Sample Location                  From            To        Length         Grade
                                                 (feet)        (feet)    (feet)    (oz Au/ton)
        Road H1 to LC-30                         0          40          40          0.272
                                          incl.      20          30          10          0.308
        Road H1 to LC-30                      270         300          30          0.020
                                          incl.    270         280          10          0.028
        Road H1 to LC-30                      830         850          20          0.038
                                          incl.    840         850          10          0.043
        Road LC-24 to LC-30              1,230      1,300          70          0.017
                                          incl. 1,240      1,250          10          0.024
        Road LC-24 to LC-25                 338         400          62          0.042
                                          incl.    350         360          10          0.057
        Road LC-28 to LC-24                 246         280          34          0.149
                                          incl.    246         250            4          0.639
        Road LC-28 to LC-24                 330         430         100          0.037
                                          incl.    360         370          10          0.071
        Road LC-11 to LC-21                 160         200          40          0.014
                                          incl.    180         190          10          0.019
        Road LC-11 to LC-21                 290         330          40          0.131
                                          incl.    300         310          10          0.232
        Road LC-11 to LC-21                 380         410          30          0.029
                                          incl.    380         390          10          0.057
        Road LC-11 to LC-21                 430         450          20          0.021
                                          incl.    430         440          10          0.022
        Road LC-10 to LC-20                  10          20          10          0.043

    The Long Canyon mineralization is now documented by both drill holes  and surface intercepts along a strike length of 3,000 feet. The remaining  1,800 feet of the southwestern portion of the defined target remains  undrilled. These results have also established the presence of outcropping  mineralization to the west of the known gold target and in areas without  anomalous gold in soils, representing potential new targets not previously  recognized.

    Each sample was taken following standard industry practice and was collected from approximately 10 feet or less of rock exposure. Each sample  weighed approximately one to two kilograms. Calculated intervals are  continuous sets of samples exceeding 0.010 oz Au/ton. All samples were  prepared and 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.

    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

    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.

    About NewWest Gold Corporation

    NewWest Gold Corporation 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:

For further information: NewWest Gold Corporation: Jennifer Van
Dinter, Director of Investor Relations, Tel: +1-(303)-425-7042, Fax:
+1-(303)-425-6634,; 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

Das könnte Sie auch interessieren: