New Global Samples Return 153.5 g/t GoldThis might cheer you up.
There is a heck of a lot of silver too.
Wiz
New Global Samples Return 153.5 g/t Gold
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| Posted : Tue, 15 Jun 2010 15:25:01 GMT |
| Author : New Global Ventures International Ltd. |
| Category : Press Release |
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VANCOUVER, BRITISH COLUMBIA --06/15/10 --New Global Ventures International Ltd. (TSX VENTURE: NNG) (the"Company") is pleased to provide analytical results from its recentlyacquired "El Tesoro" Gold Mine in Antioquia, Colombia. New GlobalVentures President and CEO Mark Lawson said, "We are extremely pleasedwith these initial results which indicate a potential continuity ofhigher grade tenor for this zone of mineralization. We believe this willalso help us to accelerate our strategy at El Tesoro as we currentlyhave a team mobilized on the project conducting additional sampling aspart of our phase 1 exploration program."
The samples returned high-grade gold, silver and coppermineralization of:
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Au (g/t) Ag (g/t) Cu (%)
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Sample 1 3.5 95.0 0.007
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Sample 2 21.1 5,000.0 0.161
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Sample 3 43.4 7,860.0 0.148
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Sample 4 57.2 7,840.0 0.221
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Sample 5 153.5 greater than 0.292
10,000.0
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The El Tesoro Mine is located in the Northeast Department of Antioquia,Colombia. The project is comprised of 622 hectares and is located in thePuerto Berrio Mining District, adjacent to concessions owned byAngloGold Ashanti, Mineros S.A. and the Minas el Vapor Gold Mine whichhas been operating for over 80 years.
El Tesoro is located approximately 20 kms from the Gramolate GoldDeposit, which is a joint venture between B2Gold (TSX: BTO) andAngloGold Ashanti (NYSE: AU). In January 2009, B2Gold announced aNational Instrument 43-101 compliant inferred mineral resource estimatefor the Gramalote Ridge Zone of 74.375 million tonnes grading 1.00 g/tAu for a total of 2.39 million ounces of gold.
Sampling was carried out along 1 vein within 1 of 10 tunnels on theproperty in which small-scale mining is currentlyoccurring. The sampling along the veins may not be a totalrepresentative of all grades across the structures, but it does give aninitial indication of the possible grade continuity, and will aid indefining mineralized shoots of higher grade for the Company's futuredrilling program. All sampling values quoted are continuous chipsamples. Follow-up channel sampling perpendicular to the veins will beimmediately undertaken in order to confirm grades/widths, and to defineadditional areas.
The analysis was conducted by ALS Chemex Laboratories. The content ofthis news release has been reviewed by Mr. Ken Thorsen, P. Eng., whoserves as the Qualified Person in accordance with National Instrument43-101.
ON BEHALF OF THE BOARD
Mark Lawson, President & CEO
Neither the 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 Global Ventures International Ltd.
Jeremy Ross
Corporate Development
604-893-8838
New Global Ventures International Ltd.
Tyler Ross
Corporate Development
604-893-8838
604-662-3904 (FAX)
New Global Ventures International Ltd.
Mark Lawson
President & CEO
416-623-0565
New Blobal Samples Return 153.5 g/t Gold