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New Guinea Gold Corporation ("the Company" or "NGG") encountered very high grade gold near surface, in trench of 12m at 41.2g/t gold, including an 8m interval of 64g/t gold.
This trenching was carried out beyond the known north eastern extent of the oxide gold mineralisation at the Northern Oxide Zone or Pit (see Figure 1). It substantially increases the known gold in this section of the Sinivit Mine.
The location of the trench, adjacent RC drill holes, and earlier known extent, (extrapolated to surface), of oxide gold mineralisation are shown in Figure 1. The location of Figure 1, within the Sinivit Mine Plan, is shown in Figure 2.
The mineralisation occurs on the slopes of a steep hill, and is covered by one to two metres of volcanic ash. It does not outcrop. Volcanic ash obscures all outcrop for a further 50m to 100m to the north.
Adjacent Reverse Circulation drill holes, (location is shown on Figure 1), gave the following results.
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Outcrop
Hole No From To Length Gold Grade Gold
(m) (m) (m) g/t g/t
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NGC71 0 10 10 7.1 0.5
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NGC100 2 12 10 17.0 0.5
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NGC101 2 8 6 4.5 0.5
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NGC118 4 8 4 1.9 0.5
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NGC119 0 8 8 3.1 0.5
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NGC120 4 12 8 11.5 1.0
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NGC121 0 8 8 16.4 5.0
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NGC122 0 6 6 1.4 0.5
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The mineralisation is irregular in shape, at least at a 0.5g/t cut off, and, as indicated from the drill holes, can vary in grade rapidly over short distances.
Bob McNeil CEO and Chairman commented: "this is a very significant extension to the Northern Oxide Zone, and as it is open and covered to the north, could add a significant number of high grade gold ounces to the Northern Oxide Pit. Drill roads and further benches or trenches will be cut in the near future for RC drilling to define the extent of this extension. Mining of this high grade mineralisation has commenced, and is expected to be reflected in recoveries from vats later in the fall".
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To view Figure 1 and Figure 2 please visit:
http://files.newswire.ca/821/NewGuineaGold_Sept14.doc
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RC samples were partly prepared at site by splitting to approximately 3 kgs. Further preparation and analysis was completed at accredited laboratory, ALS Chemex laboratories, in Townsville, Queensland, Australia.
Drill core was logged and split (all by saw) on site with half core being dispatched to, and assayed by accredited laboratory ALS-Chemex in Townsville, Australia. Trench samples are continuous channel samples, in either one or two metre intersects. Usually about 3kg is collected and prepared and assayed at ALS - Chemex in Townsville, Australia.
The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australia Institute of Mines and Metallurgy and a "qualified person" as defined by National Instrument 43-101. Mr McNeil has read and approves the information contained herein.
Full details of the Sinivit Project are described in an Independent N1 43-101 report dated January 2006 which is available at www.newguineagold.ca .
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ON BEHALF OF THE BOARD
"R.D.McNeil"
CHAIRMAN & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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SOURCE: New Guinea Gold Corporation
on this release or on other NGG projects such as the Sinivit Gold Mine, contact Forbes West toll free at (888) 655-5532, email forbes@sherbournegroup.ca or Judith O'Quinn at (604) 662-3598, email ngg@telus.net or access our website - www.newguineagold.ca
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