Newport Gold Inc. Announces New High Grade Gold Values Located
May 08 2008 - 3:59PM
PR Newswire (US)
Significant Values of Base Metals and Silver Found in Channel
Sampling of Trenchels TORONTO, May 8 /PRNewswire-FirstCall/ -- The
company is pleased to announce that the results from the fall 2007
trenching program have been returned and show good Zn, Pb and Ag
values over reasonable widths, from both the Upper Eva Bell and
Halifax showings, as listed below in Table 1. Two trenches at the
Upper Eva Bell returned 2.5 m of 13.72% Zn, 2.86% Pb, 2.5% Cu 460 g
Ag and .6 gm Au, and 3.0m of 8.68% Zn, 1.50% Pb, 2.12% Cu, 383g Ag
and .7g Au. In the Halifax area several trenches assayed
encouraging values over reasonable widths. Some of these were, 1)
4.70 m of 6.48% Zn, 1.94% Pb, .08% Cu and 44 gm Ag 2) 3.40 m of
3.98% Zn, 3.63% Pb and 112.9 gm Ag 3) 7.0m of 2.29% Zn, 1.69% Pb
and 41.7 gm Ag 4) 5.05 m of 2.38% Zn, 1.68% Pb and 27 gm Ag.
Multiple, parallel zones of semi-massive to massive
magnetite-sphalerite (+/- galena) occur at the Halifax zone. The
mineralization was exposed by trenching during the fall of 2007,
over a strike length of 110 meters. These values are similar to
those found in 2 drill holes and one trench in the early seventies
on the EVA BELL PRODUCTION PIT about 275 m to the south east. These
two holes 72-4 and 72-5 intersected a zone with a true width of
16.5 feet (about 5 meters) returning 7.3% Zn (zinc), 4.84% Pb
(lead) and 2.67 oz Ag (silver) and 8.78% Zn, 5.44% Pb and 4.05
oz/Ag, respectively. Trenching in this area is also reported to
have exposed a zone of mineralization that graded 8.15% Zn, 3.2%
Pb, 2.2% Cu (copper) and 8.6 oz Ag (about 250 grams) over a 21 foot
width. The encouraging base metal and silver values at the Halifax
and Upper Eva Bell are only two of the very few rock exposures in
the massive sulphide/gold/systems on the Burnt Basin property. They
are about 600 meters apart. New showings are continually being
found and are no doubt related in some fashion due to the
similarities in style. The very extensive geochemical anomaly is
still open in all directions, (greater than 1000 meters in length),
please refer to http://www.newportgold.com/ for a comprehensive
look at the maps. These maps clearly show the enormity of the base
metal/silver mineralization below the soil cover and the Halifax
and Upper Eva Bell exposed areas are minute in size representing a
tiny fraction of the geochemical anomaly coverage to date. Both the
Halifax and Hastings showings are outside of the area covered by
geochemisty. A large zinc lead soil anomaly occurs near the
Ennismore showing (250 meters north west of the Halifax) and the
magnetic anomaly between the Eva Bell and Breckle showing are just
two areas slated for follow up this year. Geochemical coverage will
be increased to cover new showings and depth to bedrock measured to
assist in excavations. High grade zinc mineralization has been
found at the Hastings showing which is situated about 550 meters
south of the Halifax zone. A 6 meter shaft dates back to 1929. The
contact adit was re-visited and additional sampling was done. A 0.4
meter chip sample across the vein, at the portal to the adit,
returned 15.84 g/t Au, and select grab samples from roadcut
returned values of 27.58 Au and 33.99 g/t Au from quartz veins. A
new showing (the Gold Knoll showing) was discovered in follow-up to
a gold soil geochemical anomaly on the knoll, northwest of the
Upper Eva Bell showing. Several small historic hand trenches and
open cuts were found, which explore narrow quartz veins. Samples of
vein material returned values of 43.07 g/t Au and 42.78 g/t Au. An
area of 30 by 35 m was stripped at the Upper Eva Bell showing.
Within the stripped area, 6 separate zones of mineralization are
exposed. The largest is a 5 meter wide by 11 meter long zone of
semi-massive to massive magnetite-sphalerite. The stripped area
ends in this mineralization. Table 1 - Significant Results, 2007
Trenching Program Width Zn Pb Cu Ag Au Samples (meters) % % % g/t
g/t HALIFAX TR07-3 5.00 2.56 0.12 0.01 7.2