• 04.06.2007, 14:54:46
  • /
  • OTE0007

NewWest Gold Corporation Confirms High-Grade Gold Mineralization From a Core Hole at the Sandman Project

Lakewood, Colorado (ots/PRNewswire) - NewWest Gold Corporation
(TSX:NWG) ("NewWest") announced today that vertical core hole
AK07-28C at its Abel Knoll discovery at the Sandman Project,
returned a thick and nearly continuous section of gold
mineralization. The discovery also included several high-grade gold
intercepts confirming the presence and continuity of similar
high-grade gold mineralization encountered in nearby reverse
circulation (RC) hole AK06-23.

The new drill hole results follow results recently released by
NewWest from Abel Knoll on March 5, 2007. NewWest drilled AK07-28C
to determine whether intercepts in AK06-23 that occur below the
water table were influenced by down-hole contamination and to verify
high-grade values at the Abel Knoll deposit. AK07-28C encountered
335 feet of continuous mineralization at a grade of 0.075 oz Au/ton
and provided the confidence to include the results for AK06-23 which
now show 335 feet of continuous mineralization from 285 to 620 feet
at a grade of 0.115 oz Au/ton.

"This core hole has high-grade intervals included within an
impressive 335-foot continuous intercept," said Steve Alfers,
President and Chief Executive Officer. "In addition to verifying the
grades and significantly extending the thickness of the gold
mineralization previously reported in RC hole AK06-23, the results
from this core hole demonstrate Abel Knoll's upside potential and
allow us to proceed confidently with our 2007 exploration program at
Sandman."

The cross-section shows good correlation between gold values in
AK06- 23 and AK07-28C below the water table and above the 4,000-foot
elevation, thus illustrating the continuity of mineralization
between the two holes and the absence of contamination in the RC
hole. Below the 4,000-foot elevation, the differences between the
two holes appear to be related, at least in part, due to the fact
that AK07-28C was drilled out of the host rock and mineral system at
a shallower depth than AK06-23. A diagram of the cross-section is
available on the Drill Results page of NewWest's website at
www.newwestgold.com.

In addition to confirming the RC drill results for AK06-23, the
AK07- 28C core hole provided valuable information about the nature of
the host rock and the geometry of the Abel Knoll mineral system.
Geologic logging of the core from AK07-28C revealed that the
mineralization occurred in a fragmental rock surrounded by
tuffaceous volcanic rocks. NewWest interprets the fragmental rock as
an intrusion, probably a diatreme (a volcanic pipe created by
explosive volcanism), which appears to plunge in an easterly
direction.

Future Planned Drilling

NewWest has initiated its Phase 1 2007 drilling program at the
Sandman Project to add ounces and to refine the geologic models for
the Project's four mineral deposits: Abel Knoll, North Hill Silica
Ridge and Southeast Pediment. Thus far NewWest has completed six RC
holes at Abel Knoll for a total footage of 2,500. Assay results are
pending. The 2007 drilling program will also test previously
identified targets and explore frontier targets that will hopefully
lead to the discovery of new deposits at Sandman.

A map of the drill-hole locations and the drilling results for all
of NewWest's holes drilled to date at Abel Knoll, including updated
information for the interval from 450 to 620 feet in AK06-23 and the
newly available results for AK07-28C are available on the Drill
Results page of NewWest's website at www.newwestgold.com. Reported
average gold grades are based on a 0.010 oz Au/ton cutoff.

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 standards and blanks into the sample stream. Assays
were checked using ALS Chemex, also of Sparks, Nevada. Jim Ashton,
P.E., Reno, Nevada, NewWest's Senior Project Engineer, 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 dated 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.

Rückfragehinweis:
For further information: NewWest Gold Corporation, Stephen Alfers,
President and Chief Executive Officer, Tel: +1-303-425-7042, Fax:
+1-303-425- 6634, [email protected]

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | PRN

Bei Facebook teilen.
Bei X teilen.
Bei LinkedIn teilen.
Bei Xing teilen.
Bei Bluesky teilen

Stichworte

Channel