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april is coming. it is ready to go up.....:))
NGG.V news out: New Guinea Gold-High Grade Gold Exploration Assay Results
01/23/2013| 02:52am US/Eastern
Canada: Australia:
900 - 595 Howe Street P.O. Box 10328
Vancouver, B.C., Canada, V6C2T5 Brisbane Adelaide St, Qld 4000
Phone: +1 604.689.1515, ext 103 Phone: +61(7)3003 0100
Fax: +1 604.687.8678 Fax: +61(7)3003 0054
Email: ba@primarycapital.net Email: info@newguineagold.ca
Trading Symbols: TSX-V: NGG
Frankfurt: NG8
Web Site: www.newguineagold.ca
High Grade Gold Exploration Assay Results
Vancouver B.C. - January 23, 2013 - New Guinea Gold Corporation ("NGG" or the "Company") (TSX Venture: NGG) has received assay results from a recent exploration program conducted at the Mengmut prospect, centred approximately 1 kilometre south of the Sinivit mining operation in East New Britain Province, Papua New Guinea. Highlights from these results include rock chip samples assaying 12.1ppm Au, 6.49ppm Au and 6.32ppm Au.
A summary of the best results from the rock chip sampling is presented in Table 1.
Point
Nth
East
RL
Au
Cu
ppm
ppm
1318
9486861.5
393563.7
932.6
6.49
2920
1319
9486861.5
393565.4
932.4
6.32
5160
1335
9486876.6
393592.0
928.4
12.1
573
1352
9486886.8
393616.4
922.5
4.04
184
Table 1
These very encouraging results from outcrop at Mengmut will be further tested with diamond drilling in an upcoming exploration program planned for March 2013.
Further targets have been identified from a recent 3D IP geophysical study and will also be drill tested.
The 2013 program will involve approximately 1800 metres of diamond drilling in 12 holes on the exploration lease EL 1140 as well as the mining lease ML 122. There are four main target areas to be drilled in this program; the Mengmut vein system, geophysical anomalies in the Gorocha Block, a geochemical and geophysical anomaly at Magiabe, and deeper drilling beneath the oxide mineralisation at the Sinivit Mine.
Core logging, sampling and assaying procedures
The holes drilled by NGG are collared using HQ triple tube drill tools. Some holes may be reduced to NQ size at depth in order to continue the hole.
The core is logged, samples selected by NGG geologist then systematically sawn in half on site. The half core sample is numbered, sealed in a bag and delivered by NGG to its base in Rabaul where the samples are placed in secure storage prior to shipment to ALS Minerals in Townsville, Australia. The other half core is retained on site.
Core samples are dried, crushed and pulverised to 85% passing through a 75 micron mesh. The pulps are assayed for gold and copper using a 50 g split, Fire Assay (FA), and AA finish. Rejects and pulps are stored at the lab for future reference.
Qualified Person
Mr. Brian Koster, COO of NGG, is a Chartered Professional Member of the Australasian Institute of Mining and Metallurgy and a qualified person in accordance with National Instrument 43-101. Mr. Koster has reviewed and approved the technical information contained in this news release.
ON BEHALF OF THE BOARD
Greg Heaney CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of NGG, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward- looking statements.
Page 2 of 2
http://www.4-traders.com/NEW-GUINEA-GOLD-CORP-73398/news/New-Guinea-Gold-Corp-New-Guinea-Gold-High-Grade-Gold-Exploration-Assay-Results-15960216/
NGG.V value of gold resources 1.4 BILLION DOLLARS
Reserves and resources of New Guinea Gold Corporation
Metal Total Unit Reserves Resources In Situ Value
Proven Probable Proven and probable Measured Indicated Measured and indicated Inferred
Gold 858 423 oz 706 030 120 211 826 241 32 182 1 414 895 293 US$
Silver 1 157 427 oz 1 157 427 1 157 427 34 595 489 US$
NGG.V insiders holds 118 million shares
Philip John Dadson holds 53,221,446 common shares of NGG.V
( HE PAID 22 CENTS for 26.5 million shares. and 11 cents for 26.5 million shares)
Macmin Silver Ltd. holds 10,847,020 common shares
PNG Gold Corporation holds 26,855,994 common shares
NGG.V CEO Greg Heaney holds 19,000,000 common shares
NGG.V director Arthur Alexander holds 5,000,000 common shares
NGG.V chairman Ces Edward Lewago holds 1,010,000 common shares
Peter Andrew Mcneil holds 761,340 common shares
Abtar Berar holds 110,000 common shares
someone buy it closed at 100% up.........
Basically from the way I read it, there was 100,000,000 in dilution.
All this talk about going down kinda makes me wonder about that type of investment strategy... Lol
The closet is slowly opening, it's ok I'm sure things will work out ;)
How is it undervalued if all it does is go down?
NGG.V insiders purchased 25 million shares http://www.newguineagold.ca/announcements/2012/PDF/New%20Guinea%20Gold%20Closes%20Private%20Placement.pdf
NGG.V exploding skidoooooooooo have a look at
NGG.V volume increases so far 2 million
Solid gold company new CEO is very well known possible
New Guinea Gold Corp. (PC) (NGUGF)
http://www.newguineagold.ca/investors/share_information/share_information.html
http://www.newguineagold.ca/announcements/2012/PDF/2012%209%20FINANCIAL%20STATEMENTS.pdf
Blue, are you expecting this to go to .43 by April?
NGG.V's Sinivit gold mine, PHOTOS
http://www.newguineagold.ca/projects/sinivit/SinivitLatestPhotos.html
NGG.V 560 million dollars gold reserve JUST 1 MINE
The company's just Sinivit mine proven gold reserve 350,000 ounce http://www.newguineagold.ca/investors/presentations/PDF/NGG%20Summary1.pdf
the company has 8 gold and 2 copper minEs
NGG.V 50% up over 2 million volume
NGG - 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.
http://www.newguineagold.ca/projects/projects.html
NGG.V(.01) interests in 8 gold and 2 porphyry copper-gold-molybdenum properties.
About New Guinea Gold Corporation
New Guinea Gold 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 + meters of drilling completed, gold or copper-gold-molybdenum mineralization has been discovered on all of the properties. The Company's premier property, the Sinivit Mine, has been producing gold since August 2007 and the Company is focused on expanding the exploration program, increasing production from the mine and developing the gold, copper and tellurium resources.
http://www.newguineagold.ca/announcements/2012/PDF/New%20Guinea%20Gold%20Corporation%20company%20Update%2029%20Feb%202012.pdf
NGG.V junior gold company partner with BARRICK GOLD
NGG.V exploding 7 million volume 100% up >>>>>
MONEY COMING New Guinea Gold Corp Decreases Stake In Coppermoly Ltd
Tuesday, 4 Sep 2012 08:23pm EDT
Coppermoly Ltd announced that New Guinea Gold Corp has decreased its stake in the Company from 20,973,684 fully paid ordinary shares (14.01% of the voting power) to 14,394,367 fully paid ordinary shares (9.03% of the voting power).
www.reuters.com/finance/stocks/NGG.V/key-developments/article/2602579
5%YEAR CHART LOOKS CRAZEEEE (.60) (tsx:ngg)
yep so far collected 1.8 million shares my target 5 million..
wOW~! GROUND-FLOOR OPP~!
no mostly sold at .005
LOL for 2 million??? Your crazy !!!!
Unslap it so i can get some .05 's lol
nothing i slapped :)
Wow....what the heck happened here??
100% UP TODAY
great >>>>>>>
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%
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.V website http://www.newguineagold.ca/
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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.
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. |
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