12m at 42.15g/t gold in trench (including 4m at 118.5g/t gold) and 16m at
7.58g/t gold (including 2m at 42.9g/t gold) in drill hole at Sinivit Mine
Trading Symbols: TSX-V: NGG
Frankfurt: NG8.FSE
Web Site: www.newguineagold.ca
VANCOUVER, March 31 /CNW/ - As noted in a Press Release dated February 23, 2010, New Guinea Gold Corporation (NGG) re-commenced exploration at the Sinivit Gold Project in early 2010. Drilling has focused on defining extensions to the Northern Oxide Pit and trenching on defining extensions to the Central Oxide Pit and the Kavursuki Prospect (actually a north east extension of the Sinivit system). All programs have been successful to date - defining extensions to both the Central and Northern Oxide Pits, and defining potentially mineable mineralisation at Kavursuki. The Kavursuki program is ongoing and RC drill testing of the oxide mineralisation will commence in the near future.
It is also noted in the February 23, 2010 release that NGG plans to complete a 3D Induced Polarisation Survey at Sinivit and surrounding areas to target larger bodies of sulphide (copper/gold/silver/tellurium) mineralisation at depth below the oxide gold mineralisation, in lateral zones and along strike. The extent of the survey is shown in a figure in the February 23, 2010 News Release.
This survey is now expected to commence in mid April and will take about one month to complete.
The results of the trenching and drilling programs to date are summarised below with all results and location data shown in the accompanying tables.
Trenching
At the Central Oxide pit west wall, a 78m long channel sample in the west wall of the pit yielded the following results:
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From To Length Gold Cut off Grade
(m) (m) (m) (g/t) (g/t)
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42 70 28 19.42 0.5
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including 42 54 12 42.15 1.5
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and 48 52 4 118.5 110.0
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These results suggest previously undefined mineralisation extends beyond the north and western limits of the pit. The true width of the above zone is estimated at 15 to 20m.
At Kavursuki, approximately 700 linear metres of trenching has been completed over a strike length of the mineralised zone of some 500 metres. A further 500m remains to be tested. The better results are shown below.
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Trench From To Length Gold Cut Off Grade
No (m) (m) (m) (g/t) (g/t)
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3 36 40 4 9.41 2.0
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4 26 30 4 13.72 0.5
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5 2 20 18 2.06 0.5
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6 0 8 8 2.30 0.5
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All of the above widths approximate true width.
Drilling
The NEGC designated drill holes all represent extensions to originally defined mineralisation at the Northern Oxide Zone.
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Hole From To Length Gold Cut Off Grade
No (m) (m) (m) (g/t) (g/t)
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NEGC004 6 16 8 2.17 1.5
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NEGC007 0 6 6 3.68 0.5
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NEGC009 0 5 6 2.06 0.5
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NEGC013 0 16 16 9.58 0.5
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including 2 8 6 18.70 5.0
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and 4 6 2 42.90 40.0
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True width of these intersections is uncertain.
Bob McNeil, CEO and Chairman commented: "the above trenching and drilling confirms increased oxide resources (of uncertain tonnage) at Sinivit in the Central and Northern Oxide areas. The Kavursuki trenching has defined a continuous zone of higher grade mineralisation within a wide, 50 to 70m, zone of silicification that averages 0.1 to 0.5g/t gold. The main higher grade zone averages 4m to 16m in width and represents at surface significant oxide mineralisation that will be able to be treated through the present Sinivit plant.
Sinivit Central Oxide Zone (pit west wall) Trench Samples
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AMG AMG Cutoff
Trench Northing Easting From To Length Gold grade
No. (m) (m) (m) (m) (m) (g/t) (gold g/t)
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COX 1 9488864 394245 12 14 2 0.63 0.5
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COX 1 9488867 394246 16 18 2 0.53 0.5
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COX 1 9488886 394253 42 70 28 19.42 0.5
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COX 1 9488888 394254 42 54 12 42.15 1.5
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COX 1 9488889 394254 48 52 4 118.50 110.0
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COX 1 9488895 394260 56 58 2 8.01 8.0
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COX 1 9488899 394262 60 68 8 2.27 1.0
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COX 1 9488910 394266 72 76 4 1.05 0.5
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COX 1 9488911 394268 74 76 2 1.26 1.0
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Kavursuki Trench Samples
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AMG AMG Cutoff
Trench Northing Easting From To Length Gold grade
No. (m) (m) (m) (m) (m) (g/t) (gold g/t)
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tr 2 9490539 395092 28 32 4 1.33 0.5
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tr 2 9490544 395082 42 44 2 0.91 0.5
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tr 3 9490522 395046 0 2 2 1.19 1.0
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tr 3 9490507 395046 16 18 2 7.31 7.0
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tr 3 9490490 395042 32 34 2 1.73 1.5
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tr 3 9490486 395042 36 40 4 9.41 2.0
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tr 3 9490485 395042 38 40 2 16.55 16.0
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tr 4 9490497 395051 16 18 2 0.65 0.5
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tr 4 9490488 395049 26 30 4 13.72 0.5
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tr 4 9490488 395049 26 28 2 26.50 25.0
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tr 5 9490484 395017 2 20 18 2.06 0.5
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tr 5 9490482 395017 4 20 16 2.24 1.0
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tr 6 9490454 394965 0 8 8 2.30 0.5
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tr 6 9490456 394965 2 4 2 5.56 5.0
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tr 7 9490467 394956 2 4 2 0.94 0.5
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tr 7 9490441 394928 42 44 2 0.68 0.5
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tr 7 9490438 394923 48 50 2 0.69 0.5
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tr 7 9490423 394911 68 70 2 0.63 0.5
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tr 7 9490419 394910 72 80 8 1.76 0.5
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tr 7 9490419 394910 72 78 6 2.15 1.5
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tr 8 9490386 394925 0 2 2 0.65 0.5
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Sinivit Drilling Results
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Hole From To Length Gold Cut Off Grade
No (m) (m) (m) (g/t) (gold g/t)
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NGC0161 0 2 2 1.51 1.5
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0 6 6 0.97 0.5
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8 10 2 1.10 1.0
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NGC0162 0 4 4 1.08 0.5
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NGC0163 0 2 2 1.81 1.5
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NGC0164 20 22 2 2.16 2.0
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NGC0165 No assays greater than 0.5g/t
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NGC0166 0 2 2 0.76 0.5
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16 20 4 0.82 0.5
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NGC0167 0 2 2 0.54 0.5
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16 18 2 0.73 0.5
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NGC0168 2 4 2 1.01 1.0
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6 8 2 2.23 2.0
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NGC0169 0 2 2 2.24 2.0
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NGC0170 18 20 2 3.61 3.0
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18 22 4 2.23 0.5
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NGC0171 No assays greater than 0.5g/t
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NGC0172 2 4 2 0.58 0.5
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NGC0173 No assays greater than 0.5g/t
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NGC0174 No assays greater than 0.5g/t
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NGC0175 No assays greater than 0.5g/t
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NGC0176 0 4 4 0.77 0.5
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NGC0177 No assays greater than 0.5g/t
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NGC0178 No assays greater than 0.5g/t
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NEGC001 14 16 2 4.33 4.0
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NEGC002 16 18 2 1.78 1.5
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16 20 4 1.19 0.5
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NEGC003 10 12 2 0.69 0.5
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14 18 4 1.34 0.5
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NEGC004 8 16 8 2.17 1.5
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20 22 2 1.08 1.0
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NEGC005 6 10 4 2.78 1.5
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NEGC006 2 10 8 0.75 0.5
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NEGC007 0 6 6 3.68 0.5
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0 2 2 9.14 9.0
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NEGC008 4 8 4 1.86 0.5
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NEGC009 0 4 4 2.73 1.5
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0 6 6 2.06 0.5
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NEGC010 14 16 2 0.67 0.5
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NEGC011 0 2 2 2.05 2.0
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NEGC012 0 2 2 4.85 4.0
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0 8 8 1.71 0.5
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12 14 2 1.18 1.0
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NEGC013 0 16 16 7.58 0.5
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2 8 6 18.70 5.0
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4 6 2 42.90 40.0
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NEGC014 4 8 4 1.29 0.5
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Sinivit Hole Location Data
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Collar Co-Ordinates
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Hole No. Easting Northing Azimuth Inclination Depth
(m) (m) (degrees) (degrees) (m)
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NGC0161 394498 9489447 0 -90 30
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NGC0162 394499 9489444 0 -90 30
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NGC0163 394504 9489445 0 -90 30
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NGC0164 394510 9489448 0 -90 30
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NGC0165 394516 9489452 0 -90 30
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NGC0166 394521 9489455 0 -90 30
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NGC0167 394527 9489460 0 -90 30
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NGC0168 394533 9489463 0 -90 30
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NGC0169 394534 9489457 0 -90 30
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NGC0170 394527 9489464 0 -90 30
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NGC0171 394540 9489453 0 -90 30
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NGC0172 394525 9489481 0 -90 30
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NGC0173 394529 9489477 0 -90 30
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NGC0174 394526 9489468 0 -90 30
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NGC0175 394535 9489475 0 -90 30
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NGC0176 394534 9489471 0 -90 30
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NGC0177 394539 9489468 0 -90 30
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NGC0178 394545 9489465 0 -90 30
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NEGC001 394611 9489533 0 -90 30
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NEGC002 394611 9489540 0 -90 30
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NEGC003 394617 9489537 0 -90 30
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NEGC004 394623 9489541 0 -90 30
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NEGC005 394623 9489535 0 -90 30
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NEGC006 394629 9489538 0 -90 30
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NEGC007 394635 9489535 0 -90 30
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NEGC008 394634 9489542 0 -90 30
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NEGC009 394641 9489539 0 -90 30
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NEGC010 394648 9489537 0 -90 30
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NEGC011 394660 9489538 0 -90 30
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NEGC012 394654 9489540 0 -90 30
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NEGC013 394639 9489544 0 -90 30
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NEGC014 394630 9489543 0 -90 30
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All RC Drill samples are partly prepared at site by splitting to 500 grams. Further preparation and analysis is completed at accredited laboratory, ALS Chemex laboratories, in Townsville, Queensland, Australia.
Trench samples are continuous channel samples, each two metres long and comprised of approximately 5kgs of sample. Samples are partly prepared on site by crushing and splitting to approximately 500 grams. Further preparation is completed at accredited laboratory, ALS Chemex laboratories, in Townsville, Queensland, Australia.
The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australasian Institute of Mining and Metallurgy and a "qualified person" as defined by National Instrument 43-101. Mr McNeil has read and approves the information contained herein.
Full details of the Sinivit Mine are described in an Independent Nl 43-101 report dated January 2006 which is available at www.newguineagold.ca and in its recent Press Releases.
ON BEHALF OF THE BOARD
R.D. McNeil
CHAIRMAN & CEO
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.
For further information: on this release or on other NGG projects such as the Sinivit Gold Mine, contact Forbes West toll free at (888) 655-5532, email [email protected] or Judith O'Quinn at (604) 662-3598 or access our website - www.newguineagold.ca
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