Additional Wide Interval of Gold Mineralization Intersected at Newton
Vancouver, British Columbia CANADA, December 06, 2011 /FSC/ - Newton Gold Corp. (NWG - TSX Venture), is pleased to announce that the fifth hole drilled this season at the Newton Project intersected 141.0 metres averaging 0.65 grams per tonne (g/t) gold from 34.0 to 175.0 metres and an additional 60.0 metres averaging 0.60 g/t gold from 277.0 to 337.0 metres within a 296.85 metre thick package of strongly altered pale grey felsic ash tuffs and flows.
Complete assay results have now been received from the first five holes from the Joint Ventures first drill program (11044 through 11048) and are summarized below. A drill plan, maps and comparative core photos have been posted on Amarc's website at www.amarcresources.com.
Important gold intersections in drill holes now extend over an area measuring some 900 metres by 600 metres. Although current drilling activities are focused on extending the discovery easterly, the potential for expansion remains open in several directions.
The gravimetric assay has been received for the over-limit previously announced in hole 11045 (see news release dated November 29, 2011); the 3 metre interval from 85.0 to 88.0 metres returned 12.5 g/t gold.
Assays for holes 11049, 11050/51 and 11052 are pending and will be reported when provided to the Company. Two drill rigs continue to work on site and have just commenced coring holes 11053 and 11054. The Joint Venture currently has a permit for 25 holes and has recently applied to the government for a permit to drill additional holes. Plans are to break for the holiday season and then continue drilling in 2012 until the discovery is delineated.
Significant intervals from the first five holes of the 2011/12 campaign are listed below:
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Drill Incl. From To Int. Au Ag AuEQ[1]
Hole ID (m) (m) (m) (g/t) (g/t) (g/t)
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11044 * 56.4 350.0 293.6 0.61 2.3 0.65
11044 incl. 56.4 204.0 147.6 0.73 3.1 0.79
11044 and 56.4 92.0 35.6 1.43 6.0 1.53
11044 incl. 272.0 338.0 66.0 0.84 1.8 0.87
11044 and 272.0 317.0 45.0 1.02 2.0 1.50
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11045 * 16.3 178.0 161.7 1.05 3.6 1.07
11045 incl. 52.0 178.0 126.0 1.24 4.1 1.26
11045 and 79.0 115.0 36.0 2.51 8.7 2.55
11045 and 79.0 157.0 78.0 1.71 5.1 1.74
11045 and 85.0 88.0 3.0 12.50 18.5 12.71
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11046 * 68.0 83.0 15.0 0.23 1.7 0.24
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11047 * 17.0 50.0 33.1 0.54 3.1 0.55
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11048 * 34.0 175.0 141.0 0.65 1.7 0.66
11048 incl. 34.0 49.0 15.0 0.80 4.1 0.81
11048 incl. 73.0 109.0 36.0 1.23 2.2 1.25
11048 277.0 337.0 60.0 0.60 2.1 0.61
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-****-
* gold grades for these holes were previously release on November 29, 2010
1 Gold Equivalent calculations use metal prices of Au US$1,200/oz and Ag US$20/oz. Metallurgical recoveries and net smelter returns are assumed to be 100%
- drill holes are vertical and true widths are unknown as reported intervals are drilled widths.
About the Newton Project
The 1,487 square kilometre Newton Project is located in central B.C. approximately 100 kilometres southwest of Williams Lake and approximately 175 km from New Gold's Blackwater gold deposit (Indicated Resources of 184 million tonnes at 0.94g/t gold and 4.9 g/t silver and Inferred Resources of 43 million tonnes at 0.88 g/t gold and 4.7 g/t silver at a 0.3 g/t gold cut-off, New Gold website).
The Newton property lies within BC's newly emerging gold belt, which includes New Gold's +six million ounce bulk tonnage gold deposit at Blackwater. The age and geological characteristics of the gold mineralization at Newton demonstrate striking similarities to the mineralization at Blackwater. Amarc acquired an 80% interest in the Newton property and is the operator of the Newton Joint Venture. Newton Gold has a 20% participating interest.
The discovery zone hosts drill intercepts of 69 metres of 1.41 g/t gold (hole 9001), 128 metres of 0.84 g/t gold (hole 9003) and 189 metres of 1.56 g/t gold (hole 9004). The high potential for a major eastern extension to the discovery zone was indicated by hole 11040 completed at the beginning of 2011 (see Amarc new release dated February 10, 2011). Hole 11040 returned, from surface, 155 metres of 0.58 g/t gold, including 26 metres of 1.12 g/t gold and 39 metres of 0.71 g/t gold.
The district is well served by existing transportation and power infrastructure and a skilled workforce that supports a number of operating mines as well as late-stage mineral development and exploration projects.
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.
Newton Gold Corp.
400 - 409 Granville St., Vancouver, BC, V6C 1T2, Canada
Telephone: 604-678-2531 ~ Facsimile: 604-678-2532
www.newtongold.com
Trading Symbols TSX-V: NWG
FRA: HR2N
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/newtongold12062011.htm
Source: Newton Gold Corp. (TSXV: NWG)
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