Nov 29 2011
Newton Gold Corp. has announced results from the first four holes of an ongoing 25 hole drill program on the 1,487 square kilometre Newton Project located in central B.C. approximately 100 kilometres southwest of Williams Lake. The Newton Project is a Joint Venture between Newton Gold and Amarc Resources Ltd. (TSX-V AHR), the operator of the project.
“These holes have intersected the thickest intervals to date of the mineralized felsic ash tuff unit and continue to demonstrate the significant potential for the Newton deposit”
Holes 11044 and 11045 both intersected wide intervals (see table below) of gold mineralization below the shallowly dipping Newton Hill Fault, which was previously thought to define the eastern and lower limit of the deposit. Mineralization remains open to the south and southeast of these holes. These thick intervals of gold mineralization greatly expand the potential of the Newton deposit. The four holes reported herein are all 50 metre step-outs from drill hole 11040, which was drilled at the end of the previous program and returned an average of 0.58 g/t gold over 155.6 metres (see news release dated Feb. 10, 2011).
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.
"These holes have intersected the thickest intervals to date of the mineralized felsic ash tuff unit and continue to demonstrate the significant potential for the Newton deposit", stated Mark McLeary, president of Newton Gold. "All experts who have visited the project to date have commented on the many apparent similarities between mineralization at Newton and New Gold's +5 million ounce Blackwater deposit located approx. 150 km to the north. As the Newton deposit is open in multiple directions and to depth, we are very optimistic regarding the potential to greatly increase its size with this drill program."
Drilling at Newton is advancing with two drills with the goal of expanding the deposit to the south and southeast.
Source: www.newtongold.com