HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: JV update - NEWPORT GOLD INC. AND NORONT RESOURCES LTD.
Newport Drills on the TJYZ Property J-V Partner Noront Resources Ltd.
Click below to View CHINA ONE PROJECT INNER MONGOLIA CHINA Video
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CHINA ONE PROJECT INNER MONGOLIA CHINA
Newport Gold Inc is pleased to announce that the Company has been informed by its consulting geologist, Daniel Huang, that two diamond drill holes on the TJYZ property were completed on October 28th, 2008. The first hole was spotted 7m south of the central part of the open pit and drilled to a depth of 129 m. The second hole was spotted 8m south of the first and drilled to a depth of 150m. Hole 1 was drilled at an azimuth of 350° and hole 2 at an azimuth 10°. Both holes were inclined at 80° to test the mineralized zones in the pit.
The mineralization in the pit is identified by a small east-west trending I.P. anomaly and one of the smallest anomalies found to date on the property. Ten other much larger I.P. targets outlined on the property remain to be tested. Assay results are pending.
Several alteration zones were identified and samples have been sent to the lab in Hohhot set up by ALS Laboratories of Vancouver B.C.
This property is held by Noront Resources Ltd. (“Noront” NOT TSX-V) through BaoTou Noront Mineral Development Co. and consists of 5.16 km(2) situated about 100 km north of BaoTou City and was acquired initially due to favourable Cu-Au mineralization traced over a large area. Newport has an option to earn a 50% interest in this property by spending $750,000 over 3 years and delivering 800,000 shares to Noront.
Newport Gold Inc. is a Nevada based internationally-oriented exploration company committed to delivering value to its shareholders by strategically acquiring, exploring, and advancing superior domestic and international mining properties. Projects focused on precious, semi-precious, and base metals are all evaluated in an effort to determine which are best suited for the purpose of advancing the Company’s objectives. Newport Gold’s commitment to both its shareholders and the local indigenous populations is to construct a strong asset based company utilizing an ethical stewardship in order to properly manage the projects with which we are involved.
The S.E.C. and TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.
For further information, please contact Derek Bartlett, Chief Executive Officer, at:
Telephone: 905-542-4990
Facsimile: 905-542-3718
E-mail: derek@newportgold.com
Press Releases
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Newport Engages Seacost Publishing - February 26, 2008
Exploration Highlights on Burnt Basin BC, Canada - August 27, 2007
China One Project Inner Mongolia China - April 30, 2007
Exploration Highlights on Burnt Basin BC, Canada - April 5, 2007
China One copper gold property (Inner Mongolia, China)
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NEWPORT GOLD INC. (“the Company” NWPG OTC BB) is pleased to advise that it has completed an initial exploration program over the Company’s optioned China One copper gold property (Inner Mongolia, China) and has received the Geological Report by the Company’s Consulting Geologist Daniel Huang M.Sc. This property is held by Noront Resources Ltd. (“Noront” NOT TSX-V) through BaoTou Noront Mineral Development Co. and consists of 5.16 km(2) situated about 100 km north of BaoTou City and was acquired initially due to favourable Cu-Au mineralization traced over a large area. Newport has an option to earn a 50% interest in this property by spending $750,000 over 3 years and delivering 800,000 shares to Noront. The initial 300,000 shares have been delivered to Noront. A status report prepared by Uldis Abolins, P.Eng. in April 24, 2005 contained the following brief summary and assay data. In December 2003, U. Abolins P.Eng and R. Nemis visited the property and took two selected samples of a sericitized quartz vein structure in a pit displaying malachite mineralization. The samples returned assays of 1715.8 g/mt Au (visible gold was observed) and 11.9 g/mt Au. Both samples returned assays greater than 1% Cu. Additional sampling was carried out in late 2004 after BaoTou received its business license. The Cu (malachite) mineralization has now been traced out over a 1,800 ft N-S and 820 ft E-W area. This area represents a topographical high, but the only bedrock reached is in the main pit. The malachite is found in rubble piles on surface and as detritus from pits, which did not reach bedrock. With depth, approaching the water table, chalcopyrite starts to appear as does an increase in sericitization and silica flooding, as well as an increase in gold values. Sampling from the pit and oxidized surface rubble assayed from a trace to .47 g/mt Au and greater than 1% copper. However in November 2004 additional samples were taken in order to better understand the mineralization and the high grade gold. A number of samples were taken from previously sampled sites, but in this instance taken deeper. With depth a few patches of chalcopyrite were found, usually with abundant sericite and silica flooding. These samples returned good gold and excellent copper values. Gold ranged from 0.81 to 21.14 g/mt and copper better than 1%. The copper mineralization is spread over a wide area. There are no bedrock outcroppings on surface. The only bedrock reached is in the main pit. As the sampling approaches the water table, chalcopyrite starts to appear and the copper values increase. Gold displays a nugget effect but appears to be enhanced with sericitic alteration as well as a second stage of silification. The recent report on the property was prepared by Daniel Huang M.Sc. and described five alteration and mineralization zones hosted by granite, with the largest zone being 1.4 km long and more than 10 m wide. Samples were described verbally, and in this report, as being porphyritic in nature. Several channel samples (less than 1 m in length) were taken near the main pit but other than one sample assaying 1.8% Cu, generally yielded low Cu-Au values. This was a reflection of intense oxidation of the terrain where no fresh bedrock samples were observed even at the bottom of the pit. These assays were done by a Chinese lab and will be reassayed by the same Canadian lab used by Uldis Abolins. Central gradient array method of Induced Polarization was carried out. While no anomalous I.P. values occur in the north part of the property, two separate anomalies correspond with the main pit and a separate mineralized zone to the north-east. Immediately west of the latter anomaly, a ring shaped cluster of low chargeablity anomalies occur which are completely covered by overburden. These I.P. anomalies cover an area of approximately 300 meters by 300 meters and are recommended for follow-up by drilling as are the two other I.P. anomalies. Diamond drilling is planned during the summer of 2007. Daniel Huang M.Sc. is the qualified person responsible for the review of the technical data contained in this release. Derek Bartlett |
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