|February 08, 2012|
399 metres averaging 0.5 g/t gold intersected at Newton
|Vancouver, British Columbia (Feb 8, 2012) - Newton Gold Corp. (TSX-V NWG) is pleased to announce that drilling at the Newton Project, located approximately 100 kilometres west of Williams Lake, has intersected 399 metres of continuous gold mineralization averaging 0.5 g/t gold -- the longest intercept to date. The 1,487 square kilometre Newton Project is a 20:80 Joint Venture between Newton Gold and Amarc Resources Ltd. (TSX-V AHR). Amarc is the operator of the project. |
In addition the Company announces that diamond core drilling has now restarted at Newton with two rigs working. Drilling is planned to continue until the deposit is fully delineated.
Holes 11053, 11054 and 11055 continue to intersect wide intervals of gold mineralization hosted by altered felsic volcanics (see table below) and bring the number of holes drilled with important gold results to 46 These holes are located over an area that currently measures 900 metres by 600 metres and is open to expansion in several directions. The age and geological characteristics of the gold mineralization at Newton demonstrate striking similarities to the mineralization at New Gold Inc's Blackwater deposit located approximately 175 km to the north.
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.
The Newton property is located some 100 kilometres west of the City of Williams Lake in a region characterized by gently rolling hills. The district is well served by existing transportation and power infrastructure and a skilled workforce, which support a number of operating mines, as well as late-stage mineral development and exploration projects. Newton is located some 175 kilometres south of New Gold's Blackwater gold deposit (Indicated gold resource of 164 million tonnes at an average grade of 1.03 g/t containing 5.42 million ounces and an inferred gold resource of 69 million tonnes at an average grade of 0.84 g/t containing 1.86 million ounces - New Gold news release dated Feb. 2, 2012) in what appear to be similar host rocks and geological setting.
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
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.
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