PR - Weioko assay results listed in fullhttps://www.marketwatch.com/story/new-guinea-gold-corporation-further-excellent-drill-results-from-weioko-with-high-of-18m-at-515gt-gold-and-140-gt-silver
press release
Jun 18, 2009, 1:03 p.m. EST
New Guinea Gold Corporation: Further Excellent Drill Results FromWeioko With High of 1.8m at 51.5g/t Gold and 140 g/t Silver
VANCOUVER, BRITISH COLUMBIA, Jun 18, 2009 (MARKETWIRE via COMTEX) --New Guinea Gold Corporation/quotes/comstock/11v!ngg(CA:NGG0.17,-0.01,-2.94%)(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 suchas:
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 inhole PWED47 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 beencompleted on these projects and all projects have defined gold and /or gold/ copper / molybdenum mineralisation. We expect to be able torelease resource estimates for the Weioko and Mt Penck projects byyear 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 holesand 23 diamond core holes already completed, should be sufficient toallow a resource estimation to be completed in accordance with theguidelines of NI 43-101. The results of all previous holes, using a0.2g/t gold cut off are shown in Table 1 of the Press Release datedMarch 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-Chemexin Townsville, Australia. In house and laboratory standards are usedfor quality 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 projects suchas the Sinivit Gold Mine, contact Forbes West toll free at 888 6555532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 6623598, email ngg@telus.net or access our website -www.newguineagold.ca
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.
Contacts:
New Guinea Gold Corporation
Forbes West
Toll Free: 1-888-655-5532
forbes@sherbournegroup.ca
New Guinea Gold Corporation
Judith O'Quinn
604-662-3598
ngg@telus.net
www.newguineagold.ca
SOURCE: New Guinea Gold Corporation
mailto:forbes@sherbournegroup.ca
mailto:ngg@telus.net
https://www.newguineagold.ca