Newport Drills on the TJYZ Property J-V Partner Noront Resources Ltd.
November 12 2008 - 9:30AM
PR Newswire (US)
TORONTO, Nov. 12 /PRNewswire-FirstCall/ -- Newport Gold Inc. (OTC
Bulletin Board: NWPG) 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 degrees and hole 2 at an
azimuth 10 degrees. Both holes were inclined at 80 degrees 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. A
video of the drilling can be seen at http://www.newportgold.com/.
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. DATASOURCE: Newport Gold, Inc. CONTACT: Cindy Bartlett of
Newport Gold Inc., +1-905-542-4990, fax, +1-905-542-3718 Web Site:
http://www.newportgold.info/
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