Business
NewWest Gold Corporation extends mineralization at Silica Ridge
NewWest Gold Corporation extends mineralization at Silica Ridge.
About this update from Cullinan Metals Corp
[{"type":"text","content":"\n\n\n\nLAKEWOOD, CO, Feb. 1 /CNW/ - NewWest Gold Corporation (TSX:NWG)\n(\"NewWest\") today announced that its 2006 Phase Two drilling program at Silica\nRidge extended near-surface mineralization by 700 feet to the south. The\nannounced results at Silica Ridge are in conjunction with NewWest's Phase Two\ndrilling program at its Sandman Project (Sandman), located in Humboldt County,\nNevada. Silica Ridge is one of four deposits and numerous district anomalies\nbeing explored at Sandman.\n\n\nPhase Two drilling at Silica Ridge consisted of 20 drill holes, including\n17 reverse-circulation (RC) rotary holes and three core holes with total\nfootage of 3,449 feet. In addition to Silica Ridge, NewWest's Phase Two\nprogram at Sandman is ongoing and is designed to include five core holes, four\nat North Hill, and one at Abel Knoll. The estimated budget for the complete\nPhase Two program at Sandman is approximately US$1.2 million.\n\n\nAdditional RC drilling at Silica Ridge will await a NI 43-101 compliant\nresource estimation, which is scheduled for this year.\n\n\n\"We look forward to the results of the upcoming resource estimation,\"\nsaid Steve Alfers, President and Chief Executive Officer. \"The fact that some\nmineralized zones remain open after the Phase Two program indicates that the\ndeposit may continue to expand after the resource is initially quantified.\"\n\n\nFour RC holes confirmed the interpretation of the geometry of the\nmineralized zones. Specifically, SR06-148 indicated that the mineralized zone\nremains open to the west, providing additional opportunity for expansion of\nmineralization. Three core holes were drilled that verify the RC rotary drill\nresults.\n\n\nPhase Two results for Silica Ridge and a map of the drill-hole locations\nare available on the News page of NewWest's website at www.newwestgold.com.\nPhase Two results from Southeast Pediment, another deposit at Sandman, were\ndisclosed on December 21, 2006 and are available on the News page of the\nCompany's website.\n\n\nSilica Ridge Phase Two Drill Program Objectives\n\n\nThe objectives of the Phase Two program at Silica Ridge were threefold:\nto extend mineralization to the south along the Silica Ridge fault target, to\ncomplete additional drilling to define the grade model, and to obtain core\nsamples for grade verification and metallurgical testing....