Crater Mountain
In August, 2010 Gold Anomaly (GOA) the operator of the Crater Mountain Joint Venture, that bulldozer benching had returned channel samples of up to 5m at 40.2g/t gold. Bob McNeil, CEO and Chairman of New Guinea Gold Corporation (“NGG”), commented: “NGG holds a 10% free carried interest in the Crater Mt project to Bankable Feasibility. Previous drilling has defined wide intervals of 0.6g/t gold to 6.55g/t gold and Crater Mt has the potential to be a major gold system. The present results are very encouraging and we expect GOA to release further results in the near future. A 10% carried interest could be a significant asset if Gold Anomaly defines a major system and I believe it is in the best interests of NGG shareholders to keep them informed of progress on this project”.
The following information was released previous by our joint venture partners, Triple Plate Junction (“TPJ”).
"Following the previously reported intersection of 158 metres of 1.4g/t gold in TPJ's first drill hole Nev-08 at the Nevera prospect at Crater Mountain, TPJ has continued to drill scout holes through the blanked of ash covering the prospect.
Drill holes Nev-10 and Nev-11, sited approximately 250 metres northwest and 170 metres north-north-west of Nev-8 respectively, intersected mineralised zones similar in nature to the mineralisation in Nev-8. All three holes are characterized by multiple veining or crosscutting vein relationships within volcaniclastic breccias containing dominant andesitic-clasts and basement siltstones and mudstones.
Mineralised zones in Nev-10 and Nev-111 include:
Nev 10 |
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8 metres of 1.29 g/t gold from 8 metres to 16 metres, & |
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129 metres of 0.61 g/t gold from 312 metres to 441 metres hole depth
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Nev 11 |
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25 metres of 2.36 g/t gold from 150 metres to 175 metres, & |
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83 metres of 0.61 g/t gold from 266 metres to 349 metres hole depth" |
TPJ have verbally informed the Company that they intend to recommence drilling at the property in the near future.
Readers are advised to refer to the Press Release and Technical Report Sections of this web-site for complete information including detailed drill and trench results.
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