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NewWest Gold Corporation Files NI 43-101 Technical Report for Sandman Project
Lakewood, Canada (ots/PRNewswire) -
- Phase One 2007 Drilling Program at Sandman Project Ongoing
NewWest Gold Corporation (TSX:NWG) ("NewWest"), today announced it has filed a National Instrument 43-101 (NI 43-101) report on SEDAR with respect to its Sandman project (Sandman). Located near the mining centre of Winnemuca in Humboldt County, Nevada, Sandman is an advanced exploration project entirely owned by NewWest. On May 9, 2007, NewWest announced it had received an NI 43- 101 compliant resource estimate at Sandman.
The NI 43-101 compliant measured and indicated resource brings the
total contained gold equivalent ounces attributable to NewWest's
Northumberland, Zaca and Sandman project to 595,100 measured gold
ounces and 1,199,800 indicated gold ounces. NewWest also 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 refer to the Gold
Resources page of NewWest's website at www.newwestgold.com. ; The
NI 43-101 Technical Report can be accessed on SEDAR's website at
www.sedar.com or NewWest's website at www.newwestgold.com.
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.
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.
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.
ots Originaltext: NewWest Gold Corporation
Im Internet recherchierbar: http://www.presseportal.ch
For further information: NewWest Gold Corporation, Stephen Alfers,
President and Chief Executive Officer, Tel: +1-(303)-425-7042, Fax: