- 25.06.2007, 14:21:13
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- OTE0005
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.
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 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.
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]
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