Business
Newton Gold Starts Work Program at Wholly Owned Chuchi Property
Newton Gold Starts Work Program at Wholly Owned Chuchi Property Vancouver, British Columbia CA...
About this update from Cullinan Metals Corp
[{"type":"text","content":"\nNewton Gold Starts Work Program at Wholly Owned Chuchi Property\n\nNewton Gold Starts Work Program at Wholly Owned Chuchi Property\nVancouver, British Columbia CANADA, August 23, 2011 /FSC/ - Newton Gold Corp.  (NWG - TSX Venture)(\"Newton Gold\" or the \"Company\") announces that the Company has started field work on its wholly owned 9,700 hectare Chuchi Property located in central B.C. approximately 90km north of Fort St. James.\nThe Chuchi property is host to a low-grade porphyry copper-gold deposit. The property is located 32km northwest of the Mt. Milligan copper-gold deposit now owned by Thomson Creek Metals, and the Chuchi geology has been described in a NI 43-101 Technical Report authored by M. Rebagliati (2004) as \"remarkably similar\" to the 299 million tonne Mt. Milligan copper-gold porphyry deposit.\nThe work program will consist of 50 line kilometres of geochemical sampling over the core of the Chuchi porphyry - the area that contains a large magnetic anomaly and had received a bulk of the historical drilling (29 holes) on the property.  The lines have also been designed to cover portions of historic soil sampling grids of BP Resources (1984) and Rio Algom Exploration (1990) that have consistent significant differences in results between the two grids.  \nThe work program is expected to last three weeks with results to follow in an additional 4 to 5 weeks.\nAbout Newton Gold Corp\nNewton 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 mining projects that can be taken into production. The company's main objective is to add shareholder value through efficient exploration, strategic acquisitions and joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.\nON BEHALF OF THE BOARD OF DIRECTORS \n\"Mark McLeary\"\nMark McLeary,\nPresident\nFor additional information on Newton Gold please call the Company at 604-678-2531\nNeither 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.\nStatements i...