Post by Catdaddy on Mar 29, 2007 8:01:08 GMT -5
NewWest Gold loses $7.6-million (U.S.) in 2006
2007-03-29 08:11 ET - News Release
Mr. Stephen Alfers reports
NEWWEST GOLD CORPORATION REPORTS 2006 OPERATING AND FINANCIAL RESULTS
NewWest Gold Corp. has provided its fourth quarter and year-end results for fiscal 2006.
Project highlights:
drilling at the Sandman project verified newly discovered zones of gold mineralization at Southeast pediment, expanded mineralization at Silica Ridge and North Hill and confirmed newly discovered high-grade gold mineralization at Abel Knoll;
phase two of the drilling at Sandman also reported a high-grade intercept at North Hill and advanced Abel Knoll to a deposit with further upside potential;
defined an open-ended zone of shallow, oxidized gold mineralization with high-grade intercepts from a two-phase drilling program at the Long Canyon project;
drilling at the Northumberland project carried out by its joint venture partner, Newmont USA Ltd., a subsidiary of Newmont Mining Corp., encountered impressive grades and thicknesses in step-outs from mineralization in a feeder system previously discovered; and
completing a National Instrument 43-101-compliant resource at Sandman during 2007.
2007-03-29 08:11 ET - News Release
Mr. Stephen Alfers reports
NEWWEST GOLD CORPORATION REPORTS 2006 OPERATING AND FINANCIAL RESULTS
NewWest Gold Corp. has provided its fourth quarter and year-end results for fiscal 2006.
Project highlights:
drilling at the Sandman project verified newly discovered zones of gold mineralization at Southeast pediment, expanded mineralization at Silica Ridge and North Hill and confirmed newly discovered high-grade gold mineralization at Abel Knoll;
phase two of the drilling at Sandman also reported a high-grade intercept at North Hill and advanced Abel Knoll to a deposit with further upside potential;
defined an open-ended zone of shallow, oxidized gold mineralization with high-grade intercepts from a two-phase drilling program at the Long Canyon project;
drilling at the Northumberland project carried out by its joint venture partner, Newmont USA Ltd., a subsidiary of Newmont Mining Corp., encountered impressive grades and thicknesses in step-outs from mineralization in a feeder system previously discovered; and
completing a National Instrument 43-101-compliant resource at Sandman during 2007.
