NewWest Gold Corporation

NewWest Gold Corporation Extends Mineralization at Silica Ridge

    Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation (TSX:NWG) ("NewWest") today announced that its  2006 Phase Two drilling program at Silica Ridge extended near-surface mineralization by 700 feet to the south. The announced results at Silica  Ridge are in conjunction with NewWest's Phase Two drilling program at its  Sandman Project (Sandman), located in Humboldt County, Nevada. Silica Ridge  is one of four deposits and numerous district anomalies being explored at  Sandman.

    Phase Two drilling at Silica Ridge consisted of 20 drill holes, including 17 reverse-circulation (RC) rotary holes and three core holes  with total footage of 3,449 feet. In addition to Silica Ridge, NewWest's  Phase Two program at Sandman is ongoing and is designed to include five  core holes, four at North Hill, and one at Abel Knoll. The estimated budget  for the complete Phase Two program at Sandman is approximately US$1.2 million.

    Additional RC drilling at Silica Ridge will await a NI 43-101 compliant  resource estimation, which is scheduled for this year.

    "We look forward to the results of the upcoming resource estimation,"  said Steve Alfers, President and Chief Executive Officer. "The fact that  some mineralized zones remain open after the Phase Two program indicates  that the deposit may continue to expand after the resource is initially  quantified."

    Four RC holes confirmed the interpretation of the geometry of the mineralized zones. Specifically, SR06-148 indicated that the mineralized  zone remains open to the west, providing additional opportunity for  expansion of mineralization. Three core holes were drilled that verify the  RC rotary drill results.

    Phase Two results for Silica Ridge and a map of the drill-hole locations are available on the News page of NewWest's website at Phase Two results from Southeast Pediment, another  deposit at Sandman, were disclosed on December 21, 2006 and are available  on the News page of the Company's website.

    Silica Ridge Phase Two Drill Program Objectives

    The objectives of the Phase Two program at Silica Ridge were threefold:  to extend mineralization to the south along the Silica Ridge fault target,  to complete additional drilling to define the grade model, and to obtain  core samples for grade verification and metallurgical testing.

    Selected assays are presented below. Intervals are averages of fire- assay gold values using a cut-off grade of approximately 0.010 ounces of  gold per ton (oz Au/ton).

    Extend Mineralization to the South

    Thirteen shallow RC holes (SR06-133 to SR06-136, SR06-138 to SR06-144,  SR06-146, and SR06-147) were drilled along a north-south trend line to  extend mineralization along the southern projection of the Silica Ridge  Fault. The holes encountered mineralization and defined a shallow,  generally continuous zone of lower-grade mineralization that extends the  deposit approximately 700 feet to the south where the mineralization  remains open. The mineralized zone has a vertical depth of up to 100 feet.  Most of the holes are angle holes drilled roughly perpendicular to the dip  direction so that reported intercept length approximates actual thickness. Although the extended zone is generally lower grade, angle-hole SR06-144  penetrated 20 feet of 0.199 oz Au/ton within a 55-foot thick zone of 0.085  oz Au/ton.

    Further Define the Grade Model through Drilling

    Four vertical and angle RC holes, SR06-137, SR06-145, SR06-148 and SR06- 149, were drilled as either infill or step-out holes designed to achieve a  100-foot east-west hole spacing at locations needed to help interpret the  geometry of mineralization. Each of the holes encountered mineralization.  Hole SR06-148 intersected deeper mineralization, open to the west, that is  hosted within a steeply dipping andesite dike.

    Core Verification and Metallurgical Sampling

    SR06-130C, SR06-131C and SR06-132C are vertical HQ core holes that twin  higher-grade RC holes. Each core hole lies within ten feet of its RC twin  and generally supports the RC drill information. Hole SR06-131C encountered  a 15-foot intercept of 1.208 oz Au/ton. Core halves will be used as samples  for metallurgical tests.

    Qualified Person

    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 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
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For further information: NewWest Gold Corporation, Stephen Alfers,
President and Chief Executive Officer, Tel: +1-(303)-425-7042, Fax:

Weitere Meldungen: NewWest Gold Corporation

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