|April 12, 2012|
Newton Gold Expands Chuchi Property to 6,900 ha
|Vancouver, British Columbia (April 12th, 2012) -- Newton Gold Corp ("Newton Gold" or the "Company") is pleased to announce that it has successfully added 4 additional claims contiguous to the west of its wholly-owned Chuchi property. The additional 1,560 ha brings the total Chuchi property area to 6,900 ha. The Chuchi property is located approximately 32km northwest of Thomson Creek's Mount Milligan + 1 billion tonne Cu-Au mine in central British Columbia.|
The Company's 2011 sampling program consisted of 802 soil samples covering an area measuring 2.2 by 3.8 kilometres and was successful in joining two historic anomalies and confirming additional anomalies that remain open in multiple directions (see news release dated March 14, 2012). A summary of the central target area is as follows:
- 1.2 by 1.8 kilometre gold anomaly;
- 900 metre by 1.2 kilometre copper anomaly;
- 800 by 600 metre silver anomaly.
In a Summary Report prepared by Rebagliati Geological Consulting Ltd. (June 2005) for the Company, Mr. Rebagliati, P. Geo., stated that the Chuchi geology "is remarkably similar to Mt. Milligan" and that "the presence of a substantial porphyry copper-gold deposit has been established by several drill holes; however, the full extent of the mineralized zone is not known and remains unexplored..."
Previous owners BP Resources and Rio Algom completed a total of 52 drill holes at Chuchi between 1989 and 1991 targeting the historic soil anomalies. A majority of drill holes encountered mineralization from top to bottom (average 200m) and ended in mineralization indicating that the porphyry system is well developed and remains open to depth.
The Company is planning a 3,000 meter drill program for the 2012 season to test the mineralization below the levels defined by historic drilling as well as to test new areas identified by Newton.
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.
Carl Von Einsiedel, P.Geo, is Newton Gold's Qualified Person, according to National Instrument 43-101, for the Chuchi Project and is responsible for the technical data contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Mark A. McLeary"
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.
Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. These forward-looking statements are identified by their use of terms and phases such as "believe", "expect", "plan", "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following: the Company's ability to obtain additional financing, geological, mechanical or difficulties affecting the Company's planned geological work programs, uncertainty of estimates of oil & gas potential of properties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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