New Guinea Gold

New Guinea Gold is the next big gold producer New Gold Producer in Papua New Guinea with approx 1 million ozs in gold equivilant resources, and targets exceeding 5 millions ozs
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over 15 years ago
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News Releases - Monday, April 27, 2009
Title: Drilling Commences At Mt. Penck
April 27, 2009 - Vancouver, British Columbia - Vangold Resources Ltd ("Vangold") and its joint venture partner, New Guinea Gold Corporation ("NGG") are pleased to announce plans for additional exploration on some of its key projects:

The Mt. Penck property is owned, 80% by Kanon Resources Ltd., and 20% by New Guinea Gold Corporation. Thus, beneficial ownership is 40% Vangold Resources Ltd. and 60% by New Guinea Gold Corporation (NGG). The property consists of Exploration Licence 1322 of approximately 102.6 sq kms and is situated 55 kms west of Kimbe, Provincial Capital of West New Britain. It has road access to Kimbe. The property encompasses a large circular feature and is part of an eroded, extinct stratovolcano.

Gold mineralisation is widespread within the circular feature, but to date detailed work has focussed on the area shown in Figure 1. Most of the licence area is effectively unexplored.

Kanon Resources has completed 38 diamond core holes totalling approximately 4700m. Significant results include intersections such as 72m at 1.79g/t gold, 14m at 2.82g/t gold and 2m at 36.7g/t gold.

Several kilometres of bulldozer and hand dug trenches by Kanon yielded intersections such as 18m at 3.79g/t gold, 8m at 7.72g/t gold, 18m at 1.72g/t gold, 3m at 16.32g/t gold and 3m at 180g/t gold.

Seven diamond core holes totalling 1093m and 1140.5m of Aircore/RC drilling were completed by previous explorers.

To indicate the potential of the project, all drill hole intersections (present and historic) above an 0.5g/t cut off are shown in Table 1. Trench results are shown in Table 2. Drill hole and trench locations are shown in an Independent NI 43-101 report on Sedar or at
www.newguineagold.ca.

The present program at Mt. Penck of approximately 25 holes totalling 3000m is designed to complete the evaluation of the Kavola East mineralisation to a point that will allow a resource estimate, in accordance with the guidelines of NI 43-101, to be completed. It is also designed to test high grade gold values at Kavola South, Peni Creek and other projects. This first phase program may be ongoing, depending on assay results and corporate funding.

Drilling will be carried out by two company-owned diamond core rigs, staffed and operated by the Company. The drills are supported by one 20t excavator and tracked vehicles for transportation. Drilling sites are all within a few kilometres of the coast.

Previous drill hole locations and proposed drill sites are shown on Figure 2. The coloured zones represent anomalous gold in soils, any of which may represent significant gold in bedrock.

Bob McNeil, CEO and Chairman of New Guinea Gold Corporation commented:
"The Mt.Penck Project is an exciting project for both parties (NGG and Vangold) with excellent potential, based on drill results to date, for the ultimate definition of a significant gold resource. The project has been largely inactive for the last year as the partners prepared an IPO for parent company, Pacific Kanon Gold Corporation. This IPO is presently on hold, the partners are now directly funding the exploration and the IPO could be reactivated if market conditions are favourable.

The project has good access and is close to infrastructure and the Provincial Capital of Kimbe. Drill assay results should become available from mid/late May and be released on a regular basis thereafter".




To find out more about Vangold Resources Ltd. please visit our website at
www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email brynelsen@vangold.ca.


On Behalf of the Board of

VANGOLD RESOURCES LTD.

"Dal Brynelsen"

Dal Brynelsen, President and CEO

Neither TSX Venture Excange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.

TABLE 1 DRILLING RESULTS

Kavola East prospect -- Kanon drilling results
Nominal 0.2g/t gold cutoff

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

MPD001

30

36

6

0.39

48

88.4

40.4

0.29

Incl.

50

52

2

1.01

MPD002



56

90

34

0.79

Incl.

70

80

10

1.99

146

153.4

7.4

0.45

MPD003



90

139

49

0.33

Incl.

96

100

4

0.67

163

173

10

1.84

Incl.

168

171

3

4.7

MPD004







0

6

6

3.67

Incl.

4

6

2

8.95

10

12

2

0.92

69

85

16

0.18

112

128

16

0.26

112

114

2

0.67

119

121

2

20.54

125

128

3

0.40

MPD005





0

4

4

0.74

Incl.

1

2

2

1.13

110

118

10

0.89

Incl.

116

118

2

1.15

154

167

13

3.06

Incl.

157

159

2

15.35

MPD006





0

72

72

1.79

Incl.

0

3

3

3.85

Incl.

23

66

43

2.35

Incl.

41

52

11

3.21

Incl.

63

64

1

13.6

MPD007



0

46

46

1.2

Incl.

0

14

14

2.82

68

70

2

36.7

MPD008

0

23

23

2.29



29

32

3

0.64



52

56

4

2.54



60

61

1

3.71



69

70

1

3.98



140

142

2

0.95



162

164

2

0.62



170

174

4

1.07

MPD009

60

62

2

0.64



69

71

2

1.58



96

100

4

4.04

Kavola East prospect -- Kanon drilling results (Cont)

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

MPD010

24

25

1

2.34



40

41

1

3.82



45

46

1

2.70



53

57

4

2.25



89

91

2

0.52

MPD011

67

70

3

4.3



74

76

2

8.4

MPD013

4

6

2

1.7

8

10

2

0.5

27

28

1

0.5

46

47

1

0.6

48

55

7

1.2

MPD014

20

21

1

0.6

30

32

2

0.6

MPD015

0

3

3

0.7

5

12

7

2.3



13

24

11

1.1



36

37

1

2.1



89

90

1

0.6

MPD016

0

1

1

1.6



4

5

1

1.0



95.9

97.4

1.5

1.5

MPD017

61

64

3

1.4



70

71

1

1.7

MPD018

10

23

13

2.1



27

33

6

1.9



37

39

2

4.5



48

53

5

2.5



61

62

1

1.0



96

101

5

1.3



107

109

2

1.0

MPD019

17.2

19.5

2.3

2.9



35.3

37.4

1.1

1.2



39.3

41.4

2.1

2.6



77.9

78.5

0.8

0.9

MPD020

4

5

1

0.6

7

8

1

0.5

10

14

4

0.9

15

18

3

1.8

20

22

2

3.2

43

48

5

2.9

55

58

3

0.7

65

69

4

0.7

77

81

4

0.5

141

142

1

0.7

146

148

2

0.8

MPD021

45

47

2

1.03

Kavola East prospect -- Kanon drilling results (Cont)

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

MPD022

27

29

2

2.1

33.7

42

8.3

1.7

44

46

2

0.6

48

52

4

7.5

57

59

2

0.9

64

67

3

2.1

87

96

9

6.4

91

93

2

19.1

97

98

1

1.0

99

100

1

1.4

104

106

2

0.9

MPD023

18

19

1

1.3

20

26

6

1.4

30

31

1

2.6

92

93

1

1.0

MPD024

0

1

1

4.5

2

3

1

0.6

29

30

1

2.2

49

51

2

1.4

52

54

2

1.0

66

68

2

1.7

128

130

2

1.5

MPD025

0

3

3

1.4



13

14

1

0.5



17

18

1

0.8



21

22

1

0.8



94

96

2

1.4



98

99

1

0.6

MPD026

4

5

1

1.8



6

7

1

1.8



9

13

4

3.7



74

81

7

2.1



92

94

2

0.5



98

100

2

1.3

MPD028

19

20

1

1.21

24

30

6

1.43

36

38

2

0.60

77

81

4

1.94

90

91

1

1.83

MPD029

13

14

1

3.33



90

96

6

0.90

MPD030

19

21

2

0.99



125

126

1

1.56



130

132

2

1.01

MPD031

67

68

1

1.20



70

71

1

1.01

MPD032

8

16

8

1.41



34

36

2

1.08

MPD033

0

10

10

2.20

24

26

2

0.66

62

64

2

0.55

80

84

4

0.85

MPD034

0

3

3

0.70



58

60

2

1.08



88

89

1

3.34



113

117

4

0.85



124

126

2

2.80

Upper Peni Creek prospect -- Kanon drilling results

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

MPD036

22

26

4

5.71

MPD037

0

4

4

0.74



incl.

2

4

2

1.06



26

29

3

1.22



incl.

28

29

1

2.45



43

44

1

0.84



66

68

2

2.85

MDP038

0

2

2

0.66



44

48

4

1.13



incl.

45

47

2

1.57

Peni Creek prospect -- BHP aircore drilling results

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

PA11

0

4

4

0.24

6

24

18

0.56

PA12

4

14

10

0.34

16

20

4

1.03

24

28

4

2.41

30

36.5

6.5

0.51

PA13

16

18

2

0.40

20

22

2

0.11

30

34

4

0.30

44

50

6

1.30

52

58

6

0.78

PA14

16

48

32

0.98

PA15

4

28

24

0.65

PA16

4

6

2

0.57

8

12

4

0.17

22

24

2

0.16

PA17

0

4

4

0.72

6

10

4

0.16

18

20

2

0.49

26

30

4

1.15

PA18

8

16

8

1.40

18

21

3

0.15

PA19

0

26

26

0.95

56

62

6

0.13

PA20

4

6

2

0.13

PA21

0

2

2

0.15

4

8

4

0.16

26

28

4

0.12

PA22

16

18

4

0.12





22

26

4

1.84





28

50

22

0.61





54

58

4

0.25

Indo Pacific Resources' reconnaissance diamond drilling results

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

184.0m

145

173

28

1.59

162

173

11

1.40

DDH002
EOH 136.8m

46

113

67

1.68

Incl.

76.3

81.3

5

2.85

Incl.

90.6

103.6

13

3.13

DDH003
EOH 153.1m

145

173

28

1.59

Incl.

145

155

10

2.54

DDH004
EOH 101.8m

58

60

2

0.10

0

DDH005
EOH 106.8m

1

6

5

0.50

34

36

2

0.99

84

90

6

1.01

DDH006
EOH 287.0m

0

287

287

0.05

Incl.

50

52

2

1.14

DDH007
EOH 128.0m
(Kavola
S. East)









0

128

128

0.63

Incl.

0

2

2

4.76

Incl.

18

38

20

2.08

Incl.

28

34

6

6.08

Incl.

29

30

1

23.2

Incl.

66

120

54

0.43

Incl.

67

69

2

0.83

Incl.

85

88

3

1.92

Incl.

112

115

3

1.47

Incl.

114

115

1

2.85

Incl.

119

120

1

1.93

Koibua prospect -- BHP aircore drilling results

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

PA7

0

21.5

21.5

1.43

PA8

0

4.0

4.0

0.20

PA9

No significant intersection

PA10

8.0

19.5

11.5

1.29

PA33

0

33.0

33.0

2.41

Koibua prospect -- Indo Pacific Resources' diamond drilling results

Hole No.

From (m)

To (m)

Intercept (m)

Gold g/t

DDH001

23

24

1.0

0.58

27

29

2.0

1.11

47

49

2.0

1.70

74

75

1.0

1.11

79

80

1.0

0.74

128

130

1.0

0.98

138

140

2.0

0.74

142

143

1.0

0.51

145

156

11.0

2.37

Incl.

2.0

2.25

159

160

1.0

0.80

161

173

12.0

1.34

DDH002

14

18

4.0

0.54

22

24

2.0

1.79

32

34

2.0

0.91

48

54.2

6.2

1.30

61.2

62.2

1.0

0.63

76.3

113.0

36.7

1.70

Incl.

76.3

81.3

5.0

2.85

91.6

96.6

5.0

5.45

98.6

102.6

4.0

3.59

112.0

113.0

1.0

4.09

TABLE 2 TRENCH ASSAY RESULTS (NOT COMPLETE)

Kavola East (Kanon and historic results)

Trench

Length of trench (m)

Intercept (m)

Grade Gold g/t
(0.5 g/t Gold cutoff)

Grade Silver g/t
(0.5 g/t Silver cutoff)

#1

97

97

3.39

#2

62

62

0.84

#3

40

40

0.80

#4

137

131

2.36

#5

37

28

2.19

#6

29

20

1.66

#7

35

35

0.97

#8

25

10

1.59

#11

88

64

2.50

#12

27

27

1.38

22

18

3.79

7.54

E of MPD005 (#21)

15.8

8.8

1.43

1.0

W along MPD005 (#22)

28.6

1

10.10

44.0

S towards MPD005 (#23)

120

3

2.89

6.0



18

7.72

W of MPD005 (#23 a)

13

13

1.01

2.9

100 m W of and below MPD003 (#24)

51

3

6.28

29.1

E from MPD004 (#25)

85

2

1.53

6.1



18

1.72

0.8



4

1.28

0.5

NE of MPD004 (#26)

89

20

4.73

3.8



20

1.34

0.9

S of MPD0006 (#27)

49

26

1.41

2.1

Trench E of MPD006 (#28)

122

3

1.00

NSR



3

16.32

NSR

#29

81

27

1.34

7.6

#30

137

12

1.75

5.8

#31

134

9

0.82

1.7

E of main access track to camp (#32)

139

20

NSR

NSR

SE of MPD004 (#33)

114.5

13

2.65

4.3



10

0.78

NSR



2

3.03

NSR



10

0.99

NSR



2

1.68

NSR



3

1.81

NSR

SE of MPD005 (#34)

72

9

1.75

0.8



9

0.75

NSR

Old Indo Pacific trench 150 m S of camp (#36)

201

3

3.01

4.1

NSR - No Significant Result

Koibua prospect (historic)

Trench/Costean

Length (m) of trench

Intercept (m)

Gold g/t
(0.1 g/t Gold cutoff)

Trench 1

220

5.0

5.84

Trench 2

90

4.0

1.73

Trench 3

100

11.0

2.19



Incl.

7.0

3.29

Trench 4

50

8.0

1.07

Costean 1

250

12.0

1.89

55.0

2.75



Incl.

3.0

37.04

Peni Creek prospect (historic)

Trench

Length (m) of trench

Intercept (m)

Gold g/t
(0.1 g/t Gold cutoff)

Costean 4

600 m

14

0.93

10

1.67

16

2.08

8

1.55

77

1.03





Incl. 8

3.43

Costean 5

Infrequent interval along Peni Creek

32

1.41

24

1.36

4

3.87

2

1.55

6

1.28

Upper Peni Creek prospect (Kanon)

Trench

Length (m) of trench

Intercept (m)

Gold g/t
(0.1 g/t Gold cutoff)

1

-

24.0

33.7

Incl.

3.0

180.0

2

-

12.0

4.07

3

-

33.0

1.73

4

-

18.0

1.82

5

-

12.0

0.88

Kavola South prospect (Kanon)

Trench

Length (m) of trench

Intercept (m)

Gold g/t
(0.1 g/t Gold cutoff)

1

-

30.0

4.42

2

-

48.0

4.01

3

-

24.0

2.82

4

-

12.0

1.49



Copyright © 2009 VANGOLD RESOURCES LTD. (VAN) All rights reserved. For more information visit our website at http://www.vangold.ca/ or send email to info@vangold.ca .
Message sent on Tue Apr 28, 2009 at 9:56:07 AM Pacific Time

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