RE: fabulous !! 1.8mtr at 51.5g/tMore nice drilling results;
1.8m at 51.50g/t gold and 140g/t silver in hole PWED47 from
3.1m depth...how easy can it get to mine at this depth ?
Weiko is very close ( just a few kms) to the highly touted Imwauna project
https://www.newguineagold.ca/projects/sehulea/maps/img1.jpg
These Noramby Island projects being so close together with such high graded test results could mean some real action for NGG as a takeover...
https://www.newguineagold.ca/projects/normanby/NormanbyMaps.html
Anyone discouraged by the past few Sinivit production results may be encouraged to see the installed vat covers (photos 17 and 18) which MAY help our upcoming results...https://www.newguineagold.ca/projects/sinivit/SinivitLatestPhotos.html
Here is the full PR released today:
News from Marketwire
New Guinea Gold Corporation: Further Excellent Drill Results From Weioko With High of 1.8m at 51.5g/t Gold and 140 g/t Silver
13:02 EDT Thursday, June 18, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2009) - New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) -
Results from a further six diamond core holes at the Weioko Project(Sehulea Property - 100% owned by New Guinea Gold Corporation) (NGG),all show significant gold with wide intervals above 1g/t gold such as:
PWED42 - 48m at 1.95g/t gold and 6.12g/t silver
PWED43 - 42.3m at 1.74g/t gold and 7.76g/t silver
PWED47 - 64.6m at 2.24g/t gold and 8.88g/t silver
Mineralisation commences at or near surface and includes some highgrade intervals such as 1.8m at 51.50g/t gold and 140g/t silver in holePWED47 from 3.1m depth.
Bob McNeil, CEO and Chairman commented: "these results and therecently released results for the 60% owned Mt Penck propertyillustrate the significant value and potential of exploration /development projects within the NGG portfolio, in addition to thepresent and future gold production from the Company's Sinivit Mine.
NGG is not simply a one mine company, but has a large explorationdevelopment portfolio. Over 90,000m of drilling has now been completedon these projects and all projects have defined gold and / or gold/copper / molybdenum mineralisation. We expect to be able to releaseresource estimates for the Weioko and Mt Penck projects by year end".
The Weioko Gold Project is a key NGG gold project, has been partlyexplored to date, but the drilled mineralisation represents less than5% of the known gold in soil anomalous area (see Press Release datedMarch 30, 2009).
NGG has now completed a modest 15 diamond core drill program. Theresults of these holes, when included with results from 20 RC holes and23 diamond core holes already completed, should be sufficient to allowa resource estimation to be completed in accordance with the guidelinesof NI 43-101. The results of all previous holes, using a 0.2g/t goldcut off are shown in Table 1 of the Press Release dated March 30, 2009.
Previous surveys have included soil geochemistry, rock chip, sidelooking radar and Induced Polarisation (IP) geophysical surveys.Geochemical soil anomalism covers an area of 6 kms by 2 kms. Only avery small part of this anomalous area has been tested by eitherdrilling or trenching.
DRILL ASSAY RESULTS - WEIOKO
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Cut off
From To Length Gold Silver grade
Hole No. (m) (m) (m) (g/t) (g/t) (gold g/t)
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PWED 42 1.4 48 46.6 1.95 6.12 0.2
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including 8 40.5 32.5 2.52 5.79 1.0
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including 28 29 1 15.90 24.70 15.0
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PWED 43 2.2 44.5 42.3 1.74 7.76 0.2
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including 8.2 29.5 21.3 2.66 11.30 1.0
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including 20 21.2 1.2 10.75 23.90 10.0
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PWED 44 0 48 48 1.15 5.91 0.2
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including 7 10 3 2.06 12.23 1.0
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including 25.3 32.5 7.2 2.14 7.59 1.0
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PWED 45 2.9 66.2 63.3 0.63 4.31 0.2
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including 10.5 24.3 13.8 1.01 6.37 0.5
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PWED 46 0 48 48 1.40 5.16 0.2
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including 21 29.3 8.3 4.67 9.86 1.0
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including 26 27.5 1.5 15.60 26.40 15.0
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PWED 47 0 64.6 64.6 2.24 8.88 0.5
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including 3.1 6 2.9 33.93 98.96 5.0
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including 3.1 4.9 1.8 57.50 140.0 51.0
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HOLE LOCATION DATA
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Collar Co-Ordinates
------------------- Hole
Easting Northing Azimuth Inclination Depth
Hole No. (m) (m) (degrees) (degrees) (m)
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PWED 42 297589 8895399 155 degrees -45 48
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PWED 43 297589 8895399 155 degrees -60 64.7
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PWED 44 297589 8895399 180 degrees -45 48
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PWED 45 297589 8895399 180 degrees -60 66.2
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PWED 46 297589 8895400 208 degrees -45 48
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PWED 47 297589 8895399 208 degrees -60 64.7
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Drill core is logged and split (all by saw) on site with half corebeing dispatched to, and assayed by accredited laboratory ALS-Chemex inTownsville, Australia. In house and laboratory standards are used forquality control plus regular check sample assaying.
The information in this release was prepared under the direction ofRobert D. McNeil a Fellow of the Australia Institute of Mines andMetallurgy and a "qualified person" as defined by National Instrument43-101. Mr McNeil has read and approves the information containedherein.
For further information on this release or on other NGG projectssuch as the Sinivit Gold Mine, contact Forbes West toll free at 888 6555532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net or access our website - www.newguineagold.ca
ON BEHALF OF THE BOARD
R.D.McNeil, CHAIRMAN & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
New Guinea Gold Corporation
Forbes West
Toll Free: 1-888-655-5532
forbes@sherbournegroup.ca
or
New Guinea Gold Corporation
Judith O'Quinn
604-662-3598
ngg@telus.net
www.newguineagold.ca