New Guinea Gold Corporation (NGG) (TSX VENTURE:NGG - News) reports further drill results from its 100% owned Imwauna Project within the Normanby Property in Papua New Guinea. All results above a cut-off of 0.5g/t gold are shown in the table below.
Assay results have been received from diamond drill holes IMD095 to IMD097 inclusive. Hole IMD104 is now in progress and results are awaited for holes IMD098 to IMD103. Of particular significance are the multiple intersections in hole IMD095 collared in the south of the project including 1.0m at 8.40g/t gold and 27g/t silver between 32.6 and 33.6m; 1.10m at 9.05g/t gold and 20g/t silver between 108.3m and 109.4m and 4.6m at 6.44g/t gold between 111.3m and 115.9m including 1.0m at 21.3g/t gold and 15.5g/t silver.
Generally, narrow, high grade zones were intersected in drill holes IMD096 and IMD097 collared in the centre of the prospect area. Results include 0.20m at 15.65g/t gold and 61g/t silver from 68.70m to 68.90m and 0.20m at 10.95g/t gold and 10g/t silver from 90.60m to 90.80m in IMD096. Drilling has shown that even such narrow intervals of high grade are significant as these zones can rapidly increase in width along strike or to depth.
Diamond drilling with the second core rig has been completed at the adjacent Weioko prospect on the Sehulea Property, Normanby Island, and is being mobilised to the Normanby Property to increase the drilling capability at that project. Drilling with this second rig will focus on exploratory holes to test prospects such as Ebessowa to the north of Imwauna (see map at www.newguineagold.ca), the Imwauna system at depth and further along strike to the south. These exploration holes will allow an Inferred Resource for the system to be estimated in addition to Indicated and Measured Resources based on the detailed drilling completed to date.
Summary assay results and drill collar location data for drill holes IMD095 to IMD097 inclusive is given in the following tables.
Drill Hole Location Data
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Hole Co- Final RL
No ordinates Azimuth Dip Depth
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Northing Easting Degrees Degrees (m) (m)
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IMD095 8886603 288924 100 -60 151.6 551
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IMD096 8886853 289001 100 -70 201.4 496
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IMD097 8886844 289011 100 -80 130 564
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Summary of Intersections above 0.5g/t gold
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Hole Intersection Interval Gold Silver
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No From To (m) (m) (g/t) (g/t)
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IMD095 26.5 27.5 1.00 1.09 -
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32.6 33.6 1.00 8.40 27
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59.3 59.9 .60 5.07 14
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108.3 109.4 1.10 9.05 20
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111.3 115.9 4.60 6.44 3
including 111.3 112.3 1.00 21.30 15
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IMD096 41.80 42.50 0.70 2.20 10
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72.4 73.9 1.50 10.43 11
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IMD097 63.2 63.54 0.30 0.66 12
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68.70 68.90 0.20 15.65 61
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69.80 70.10 0.30 1.11 35
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90.60 90.80 0.20 10.95 10
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True widths of intersections are estimated to be between 70 and 90% of the intervals above.
Samples are generally one metre, or sampled on a geological basis, one half core prepared on site using a diamond saw. Preparation and assaying was completed at accredited laboratory ASL-Chemex in Townsville, Australia.
For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net
The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.
Source : www.newguineagold.ca
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