National Grid ADR repsg 5 Ord Shs V.NGG

Drill News!!!! NGG hits 3 oz gold/ton!!!!

[TheRock17]

New Guinea Gold Corporation: Sinivit Drilling Continues to Define Near Surface High Grade Gold to 90g/t Mon Sep 17, 9:30 AM Email Story IM Story Printable View VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2007) - New Guinea Gold Corporation ("NGG" or the "Company")(TSX VENTURE: NGG.V) reports that further drilling continues to define wide intersections of high grade gold within the confines of the Southern Oxide Pit. Some of the better intersections are shown below and all intersections above a cut off of 0.5g/t are listed in Table 1. --------------------------------------------------------------------------- --------------------------------------------------------------------------- Hole No From To Length Gold (m) (m) (m) (g/t) --------------------------------------------------------------------------- --------------------------------------------------------------------------- SCG106 4 24 20 14.27 including 20 24 4 30.25 --------------------------------------------------------------------------- SCG107 0 22 22 13.80 --------------------------------------------------------------------------- SCG109 0 8 8 30.73 including 0 4 4 54.05 --------------------------------------------------------------------------- SCG118 0 22 22 27.10 including 16 22 6 52.30 --------------------------------------------------------------------------- --------------------------------------------------------------------------- Note: 1. The surface sample, 0-2m in hole 109 returned 91.8g/t gold 2. Hole SCG106 terminated in 24.3g/t gold over last 2m sample 3. Hole SCG107 terminated in 4.79g/t gold over last 2m sample 4. Hole SCG113 terminated in 14.4g/t gold over the last 2m sample 5. Hole SCG118 terminated in 89.7g/t gold over the last 2m sample. Bob McNeil, CEO and Chairman commented: "This drilling program of 119 holes has defined a previously unknown high grade gold zone within the resource (and proposed pit) which extends over a length of 80m between 9852N and 9930N, varies up to 10m in width, extends to the surface in part and below the limit of drilling at 30m, also in part. Individual intersections are not true widths as gold appears to occupy a steeply dipping zone". TABLE 1 ------- --------------------------------------------------------------------------- --------------------------------------------------------------------------- Interval Section line Hole ---------------------------------------- Gold (Northing) Number From (m) To (m) Length (m) g/t --------------------------------------------------------------------------- --------------------------------------------------------------------------- 9888 SCG082 0 6 6 0.50 8 12 4 9.34 20 24 4 1.60 26 30 4 0.61 --------------------------------------------------------------------------- 9888 SCG083 4 8 4 2.59 12 14 2 2.89 --------------------------------------------------------------------------- 9888 SCG084 2 6 4 0.73 14 16 2 3.39 --------------------------------------------------------------------------- 9888 SCG085 2 4 4 1.26 --------------------------------------------------------------------------- 9882 SCG086 - - - - --------------------------------------------------------------------------- 9882 SCG087 0 4 4 2.99 12 14 2 4.85 --------------------------------------------------------------------------- 9882 SCG088 2 4 2 1.18 14 18 4 0.75 --------------------------------------------------------------------------- 9882 SCG089 - - - - --------------------------------------------------------------------------- 9876 SCG090 6 8 2 1.22 --------------------------------------------------------------------------- 9876 SCG091 - - - - --------------------------------------------------------------------------- 9876 SCG092 12 16 4 4.73 --------------------------------------------------------------------------- 9876 SCG093 8 10 2 0.89 12 14 2 0.65 18 22 4 3.00 --------------------------------------------------------------------------- 9870 SCG094 - - - - --------------------------------------------------------------------------- 9870 SCG095 - - - - --------------------------------------------------------------------------- 9870 SCG096 12 14 2 0.91 16 20 4 1.49 --------------------------------------------------------------------------- 9870 SCG097 14 20 6 1.89 --------------------------------------------------------------------------- 9870 SCG098 12 14 2 4.71 --------------------------------------------------------------------------- 9864 SCG099 14 22 8 2.81 --------------------------------------------------------------------------- 9864 SCG100 8 12 4 0.95 --------------------------------------------------------------------------- 9864 SCG101 8 10 2 0.76 --------------------------------------------------------------------------- 9858 SCG102 12 14 2 0.61 20 22 2 1.63 --------------------------------------------------------------------------- 9912 SCG103 4 8 4 5.94 --------------------------------------------------------------------------- 9912 SCG104 0 8 8 1.34 --------------------------------------------------------------------------- 9918 SCG105 - - - - --------------------------------------------------------------------------- 9912 SCG106 4 24 (EOH) 20 14.29 --------------------------------------------------------------------------- 9900 SCG107 0 22 (EOH) 22 13.80 --------------------------------------------------------------------------- 9900 SCG108 0 8 8 6.38 20 26 6 3.80 --------------------------------------------------------------------------- 9900 SCG109 0 8 8 30.73 --------------------------------------------------------------------------- 9906 SCG110 0 4 4 16.23 --------------------------------------------------------------------------- 9894 SCG111 - - - - --------------------------------------------------------------------------- 9894 SCG112 - - - - --------------------------------------------------------------------------- 9882 SCG113 28 30 (EOH) 2 14.4 --------------------------------------------------------------------------- 9876 SCG114 0 2 2 0.51 --------------------------------------------------------------------------- 9834 SCG115 8 10 2 0.61 18 22 4 1.67 --------------------------------------------------------------------------- 9834 SCG116 4 6 2 1.34 12 16 4 2.01 --------------------------------------------------------------------------- 9834 SCG117 8 10 2 0.87 --------------------------------------------------------------------------- 9852 SCG118 2 8 6 3.15 10 22 12 27.10 --------------------------------------------------------------------------- 9840 SCG119 0 4 4 0.84 --------------------------------------------------------------------------- Note: EOH indicates end of hole - indicates all results are less than 0.5g/t gold --------------------------------------------------------------------------- --------------------------------------------------------------------------- TABLE 2 ------- Hole No Northing Easting R.L. Depth of Hole Bearing Dip (m) --------------------------------------------------------------------------- --------------------------------------------------------------------------- SCG082 9888 50022 937 30 0 -90 --------------------------------------------------------------------------- SCG083 9888 50043 938 30 0 -90 --------------------------------------------------------------------------- SCG084 9888 50049 938 26 0 -90 --------------------------------------------------------------------------- SCG085 9888 50057 939 26 0 -90 --------------------------------------------------------------------------- SCG086 9882 50067 939 30 0 -90 --------------------------------------------------------------------------- SCG087 9881 50060 937 30 0 -90 --------------------------------------------------------------------------- SCG088 9881 50054 940 30 0 -90 --------------------------------------------------------------------------- SCG089 9880 50047 939 30 0 -90 --------------------------------------------------------------------------- SCG090 9877 50051 940 30 0 -90 --------------------------------------------------------------------------- SCG091 9876 50056 940 30 0 -90 --------------------------------------------------------------------------- SCG092 9876 50063 940 30 0 -90 --------------------------------------------------------------------------- SCG093 9876 50070 940 30 0 -90 --------------------------------------------------------------------------- SCG094 9875 50078 939 26 0 -90 --------------------------------------------------------------------------- SCG095 9871 50081 940 30 0 -90 --------------------------------------------------------------------------- SCG096 9870 50073 940 20 0 -90 --------------------------------------------------------------------------- SCG097 9870 50067 940 20 0 -90 --------------------------------------------------------------------------- SCG098 9869 50060 940 16 0 -90 --------------------------------------------------------------------------- SCG099 9865 50070 940 26 0 -90 --------------------------------------------------------------------------- SCG100 9865 50076 940 20 0 -90 --------------------------------------------------------------------------- SCG101 9861 50081 940 14 0 -90 --------------------------------------------------------------------------- SCG102 9858 50072 940 26 0 -90 --------------------------------------------------------------------------- SCG103 9910 50027 933 30 0 -90 --------------------------------------------------------------------------- SCG104 9912 50034 934 30 0 -90 --------------------------------------------------------------------------- SCG105 9918 50020 931 30 0 -90 --------------------------------------------------------------------------- SCG106 9912 50018 932 24 0 -90 --------------------------------------------------------------------------- SCG107 9903 50023 934 22 0 -90 --------------------------------------------------------------------------- SCG108 9902 50028 934 26 0 -90 --------------------------------------------------------------------------- SCG109 9902 50036 934 22 0 -90 --------------------------------------------------------------------------- SCG110 9906 50042 933 28 0 -90 --------------------------------------------------------------------------- SCG111 9894 50046 936 30 0 -90 --------------------------------------------------------------------------- SCG112 9895 50051 935 28 0 -90 --------------------------------------------------------------------------- SCG113 9880 50046 939 30 270 -90 --------------------------------------------------------------------------- SCG114 9877 50050 940 30 270 -90 --------------------------------------------------------------------------- SCG115 9834 50055 953 30 0 -90 --------------------------------------------------------------------------- SCG116 9834 50034 954 30 0 -90 --------------------------------------------------------------------------- SCG117 9833 50026 954 30 0 -90 --------------------------------------------------------------------------- SCG118 9853 50034 950 22 0 -90 --------------------------------------------------------------------------- SCG119 9840 50056 953 30 0 -90 --------------------------------------------------------------------------- --------------------------------------------------------------------------- All drill holes are Reverse Circulation. Samples are bulked in two metre intervals, partially prepared on site by splitting to approximately 4 kgs in weight each, then dispatched to accredited laboratory ALS - Chemex in Townsville, Australia for further preparation and assay. Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. These evaluations are preliminary in nature and are based entirely on indicated mineral resources, which have not been categorized as mineral reserves. There is no assurance that the operating and financial projections in the preliminary assessment will be realized. Mineral resources that are not reserves do not have demonstrated economic viability. Measured and indicated mineral resources are that part of a mineral resource of which quantity and grade can be estimated with a level of confidence sufficient to allow the application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 45 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person. ON BEHALF OF THE BOARD R.D. McNeil CEO / CHAIRMAN The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy of this release. Contacts Forbes West New Guinea Gold Corporation Toll Free: 1-888-655-5532 Email: [e-mail]