New Guinea samples 8 m of 64 g/t Au from Sinivit trench
2009-09-14 11:49 ET - News Release
Mr. Bob McNeil reports
VERY HIGH GRADE GOLD - 8M AT 64.0G/T IN TRENCH AT SINIVIT
New Guinea Gold Corp. has encountered very high-grade gold near surface, in trench of 12 metres at 41.2 grams per tonne (g/t) gold, including an eight-metre interval of 64 g/t gold.
This trenching was carried out beyond the known northeastern extent of the oxide gold mineralization at the Northern oxide zone or pit. It substantially increases the known gold in this section of the Sinivit mine.
The mineralization occurs on the slopes of a steep hill, and is covered by one to two metres of volcanic ash. It does not outcrop. Volcanic ash obscures all outcrop for a further 50 m to 100 m to the north.
ADJACENT REVERSE CIRCULATION DRILL HOLE RESULTS
Hole No. From To Length Gold Outcrop grade gold
(m) (m) (m) g/t g/t
NGC71 0 10 10 7.1 0.5
NGC100 2 12 10 17 0.5
NGC101 2 8 6 4.5 0.5
NGC118 4 8 4 1.9 0.5
NGC119 0 8 8 3.1 0.5
NGC120 4 12 8 11.5 1
NGC121 0 8 8 16.4 5
NGC122 0 6 6 1.4 0.5
The mineralization is irregular in shape, at least at a 0.5-gram-per-tonne cut-off, and, as indicated from the drill holes, can vary in grade rapidly over short distances.
Bob McNeil, chief executive officer and chairman, commented: "This is a very significant extension to the Northern oxide zone, and as it is open and covered to the north, could add a significant number of high-grade gold ounces to the Northern oxide pit. Drill roads and further benches or trenches will be cut in the near future for RC drilling to define the extent of this extension. Mining of this high-grade mineralization has commenced, and is expected to be reflected in recoveries from vats later in the fall."
RC samples were partly prepared at site by splitting to approximately three kilograms. Further preparation and analysis were completed at accredited laboratory, ALS Chemex laboratories, in Townsville, Queensland, Australia.
Drill core was logged and split (all by saw) on site with half core being dispatched to, and assayed by accredited laboratory ALS-Chemex in Townsville, Australia. Trench samples are continuous channel samples, in either one- or two-metre intersects. Usually about three kilograms are collected and prepared and assayed at ALS -- Chemex in Townsville, Australia.
The information in this release was prepared under the direction of Robert McNeil, a fellow of the Australia Institute of Mines and Metallurgy and a qualified person as defined by National Instrument 43-101. Mr. McNeil has read and approves the information contained herein.
Full details of the Sinivit project are described in an independent NI 43-101 report dated January, 2006, which is available at the company's website.
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