161.7 metres Averaging 1.0 g/t Gold Intersected at Newton
Vancouver, British Columbia CANADA, November 29, 2011 /FSC/ - Newton Gold Corp. (NWG - TSX Venture)(the "Company") is pleased to announce results from the first four holes of an ongoing 25 hole drill program on the 1,487 square kilometre Newton Project located in central B.C. approximately 100 kilometres southwest of Williams Lake. The Newton Project is a Joint Venture between Newton Gold and Amarc Resources Ltd. (TSX-V AHR), the operator of the project.
Holes 11044 and 11045 both intersected wide intervals (see table below) of gold mineralization below the shallowly dipping Newton Hill Fault, which was previously thought to define the eastern and lower limit of the deposit. Mineralization remains open to the south and southeast of these holes. These thick intervals of gold mineralization greatly expand the potential of the Newton deposit. The four holes reported herein are all 50 metre step-outs from drill hole 11040, which was drilled at the end of the previous program and returned an average of 0.58 g/t gold over 155.6 metres (see news release dated Feb. 10, 2011).
All of the reported intervals of mineralization are hosted in a thick altered felsic ash tuff containing intervals of possible comagmatic porphyry intrusive units. Alteration is principally quartz-sericite +/- clays and carbonate minerals. Sulphides are dominantly pyrite and marcasite with minor amounts of chalcopyrite, sphalerite, galena and arsenopyrite.
Significant intervals of gold mineralization from the first four holes are listed below as provided to the Company by Amarc:
-***-
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Drill hole From To Interval Au(g/t)
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11044 56.39 350.00 293.61 0.608
incl. 56.39 204.00 147.61 0.733
incl. 56.39 92.00 35.61 1.431
and incl. 272.00 338.00 66.00 0.840
incl. 272.00 317.00 45.00 1.017
11045* 16.34 178.00 161.66 0.998
incl. 16.34 125.66 125.66 1.131
and incl. 85.00* 36.00 51.00 2.104
11046 65.00 83.00 18.00 0.215
11047 16.95 53.00 36.05 0.513
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* - includes 3 metres of >10 g/t gold (with over-limit assay pending) that has been cut to 10 g/t
"These holes have intersected the thickest intervals to date of the mineralized felsic ash tuff unit and continue to demonstrate the significant potential for the Newton deposit", stated Mark McLeary, president of Newton Gold. "All experts who have visited the project to date have commented on the many apparent similarities between mineralization at Newton and New Gold's +5 million ounce Blackwater deposit located approx. 150 km to the north. As the Newton deposit is open in multiple directions and to depth, we are very optimistic regarding the potential to greatly increase its size with this drill program."
Drilling at Newton is advancing with two drills with the goal of expanding the deposit to the south and southeast.
About Newton Gold Corp.
Newton Gold Corp. is a British Columbia focused exploration company with two advanced exploration projects. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of exploration projects that can be taken into production. The Company's main objective is to add shareholder value through cost efficient exploration, strategic acquisitions, joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.
Ian Foreman, P.Geo, is Newton Gold's Qualified Person, according to National Instrument 43-101, for the Newton Project and is responsible for the technical data contained in this news release.
Project management, on-site supervision and QA/QC protocols are carried out by Amarc Resources' personnel. As part of a comprehensive QA/QC program, one standard and also one field replicate (duplicate) are inserted into the sample stream in each group of 20 samples, as well as one or more field blanks in each analytical batch.
Sample preparation and analysis for the Newton project is done at ISO 9001:2008 accredited Acme Analytical Laboratories (Vancouver) Ltd. All samples are assayed for gold by 30 g fire assay fusion with Inductively Coupled Plasma - Emission Spectroscopy (ICP-ES) finish. Silver and 33 additional elements are determined for all samples by Aqua Regia digestion, followed by ICP-ES and ICP Mass Spectroscopy (ICP-MS) finish. All over-limit gold (greater than 10 g/t) are re-assayed by 30 g fire assay fusion with a gravimetric finish.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark McLeary,
President
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.
Forward Looking Statements:
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/newton11292011.htm
NEWTON GOLD CORP.
Suite 400 - 409 Granville Street
Vancouver, BC, V6C 1T2
Telephone: (604) 678-2531
Source: Newton Gold Corp. (TSXV: NWG)
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