New Guinea Gold Corp (NGG.V)
NGG.V on TSX Venture Exchange
http://www.newguineagold.ca
New Guinea Gold (NGG) is a premier junior explorer and miner in Papua New Guinea, with direct and indirect interests in eight gold and two porphyry copper-gold-molybdenum properties. With 90,000 + metres of drilling completed, extensive gold or copper-gold-molybdenum mineralization has been discovered at all the properties. Gold production has commenced at the Company's premier property, the Sinivit Mine, and NGG is now focused on expanding production and developing the gold, copper and tellurium discovered there.
The Company brought in various partners with the financial and technical resources to speed up development on it's projects.
The Company's shares are traded on the TSX-Venture Stock Exchange.
NGG.V key projects
Summary
Project Locations
View a brief description of key projects
Key Projects
Sinivit
PNG Gold Corporation
Normanby (Imwauna)
Sehulea (Weioko)
Vangold (PNG) Ltd
formerly Kanon Resources Ltd
Mt Penck
Allemata
Fergusson
Coppermoly Limited
Mt Nakru
Simuku
Gold Anomaly Limited
Crater Mountain
Summary
Updated June 2012
NEW GUINEA GOLD CORPORATION - KEY PROJECTS / INVESTMENTS
Sinivit Projects: ML 122 Mining Area (3.536 km²), EL 1140 Exploration Area (43 km²).
Ownership: 90% New Guinea Gold, 10% Goldmines of Niugini Holdings (NGG holds 22% of Goldmines of Niugini Holdings).
Quartz/telluride/copper/gold/silver mineralisation with NGG mining the oxidised gold cap. Mining in years 3 and 4 may progress to the underlying sulphide system. 21,000m of diamond core drilling and 13,000m of RC drilling completed. Drilling has given spectacular results such as 8m at 28g/t gold in oxide zone and 20m at 26g/t gold, 2.19% copper plus tellurium to 4,000g/t and silver to 500g/t in the sulphide zone. Exploration Target for sulphide mineralisation is 1.5 to 2Mt at 8 to 12g/t gold, 1.0% to 2.0% copper, 50g/t to 150g/t silver and 500 to 1,000g/t tellurium. Drilling and trenching continues in 2010.
As required we include the following continuing statement: "The Exploration Target is based on extensive surface outcrops, mine open pits, and approximately 20 drill-holes which intersect the mineralisation. The potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if furthermining/exploration will result in the determination of a Mineral Resource".
First gold pour July 2007.
NEW GUINEA GOLD CORPORATION - PROJECTS FARMED OUT
PNG Gold Corporation Projects
(100% Public - Listed on Toronto Venture Exchange)
Normanby Project EL 1091 (44.2 km²). Ownership: NMC Mining 100% interest.
For detailed information please vist www.pnggold.com.
Sehulea Project EL 1069 (30.5 km²). Ownership: NMC Mining 100% interest.
For detailed information please vist www.pnggold.com.
Golda Anomaly Limited Projects
(100% Public - Listed on Australian Security Exchange)
CraterMountain Project EL 1115 (40 km²). Ownership: Gold Anomoly Ltd (100% Public - Listed on Australian Security Exchange).
For setailed information please visit www.goldanomaly.com.au
Coppermoly Limited Projects
(100% Public - Listed on Australian Security Exchange)
Simuku Project EL 1077 (44 km²). Ownership: 28% Coppermoly Ltd - Barrick (PNG) Limited 72%,
Further drilling will be conducted on the projects during 2012 by our Joint Venture partner Barrick (PNG Exploration) Limited, the world's largest gold miner.
http://www.coppermoly.com.au Simuku is a porphyry copper/molybdenum/gold system with road access to provincial capital of Kimbe. For detailed information please visit www.coppermoly.com.au
Mt Nakru Project EL 1043 (47km²). Ownership: 28% Coppermoly Ltd - Barrick (PNG) Limited 72%
For detailed information please visit www.coppermoly.com.au
VANGOLD (PNG) Limited (formerly Pacific Kanon Gold Corp) Projects
(Parent company Vangold Resources Ltd 13% OWNED BY New Guinea Gold)
Mt Penck Project EL 1322 (101 km²). Ownership: 100% Vangold (PNG) Ltd - New Guinea Gold 5% carried interest.
For detailed information please visit www.vangold.ca
Allemata Project EL 1323 (148 km²). Ownership: 100% Vangold (PNG) Ltd - New Guinea Gold 5% carried interest
For detailed information please visit www.vangold.ca
Fergusson Project EL 1324 (115 km²). Ownership: 100% Vangold (PNG) Ltd - New Guinea Gold 5% carried interest
For detailed information please visit www.vangold.ca
http://www.newguineagold.ca/projects/projects.html#summary
NGG CEO, GREG HEANEY
PH: 0417 725 873
Email: gheaney@itas.net.au
| Greg Heaney - Director, President & CEO |
| Greg is an experienced Managing Director, CFO and Company Director who has more than 28 years experience in financial and general management for large publicly listed companies in Australia and overseas. Greg is currently a Director and lead consultant with Itas Consulting. Since late 2005, Greg has been a Managing Director and an active Non-executive Director of several small to medium enterprises in the manufacturing, building and engineering sectors. Prior to that Greg held the positon of Chief Financial Officer for both Roche Mining and Queensland Cotton Holdings LImited. Greg was a Director of the Roche Group of companies.
FOR MORE INFORMATION
http://www.itas.net.au/files/Greg%20Heaney%20Resume%20Jul%202012.pdf
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