VANCOUVER, March 23 /CNW/ - Novawest Resources Inc.(TSX.V - "NVE"), is
pleased to report the following highlights from the initial phase of the 2007
Chibougamau Exploration Programs. These highlights include complete assay
results received yesterday from the year's first two drill programs.
Six holes totaling 1035 metres were drilled in January on the Touchdown
Project near Chapais. Sulphide mineralized intersections totaling 225 metres
were sawn and submitted for geochemical analysis and assay with SGS Canada
Inc. Mineral Services. Geochemically anomalous gold-silver-base metal results
consistent with the geological targets were found in all 6 holes. The best
geochemical results were from TD7-6 which hit a continuously mineralized shear
zone over 22.2 metres (87.1 to 109.3m: 0.96% Zn, 0.16% Cu, 7.4gm/T Ag and
0.32gm/T Au). Borehole PEM surveys were completed on every hole and responses
are being modeled and compared with previous work to prepare targets for the
next round of drilling. The highest gold values from the recent drilling were
9.5 gm/T Au over 0.75m (TD7-1, 94.4-95.15m); 2.4 gm/T Au over 0.25m (TD7-2,
135-135.25m) and 3.9g/T Au, 0.94% Cu, 26 gm/T Ag over 1.6m (TD7-6,
107.7-109.3m). These gold values are consistent with identifying and
quantifying auriferous shear zones that previous drilling also reported. The
Company is encouraged by these results and is now planning its follow-up
The second 2007 drill program was 2 holes totaling 504 metres on the
Kickoff Project, 23 km east of Chibougamau. This was an orientation drill
program targeted to better locate and characterize the Duvex-Troilus Copper
Shear Zone hosted in anorthosite. The shear zone was intersected in each hole
and borehole PEM surveys detected responses that are being analyzed along with
surface PEM responses for further drill-targeting. The best results from the
main shear zone were in hole DT7-1 where 0.32%Cu, 47 ppb Au occurs over a
16.8 metre interval (189 to 205.8m).
Ten grids totaling 262.8 line-kilometres were created and magnetometer
surveys have been completed on all grids. Crone Pulse Electromagnetic surveys
remain to be completed in the coming weeks for the last 2 grids.
The Company expects to announce further drilling shortly.
Robert Stewart is the Qualified Person for this program and this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF NOVAWEST RE
"Patrick D. O'Brien"
Patrick D. O'Brien - Chairman
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http://www.novawest.com or e-mail the company at firstname.lastname@example.org to be
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For further information:
For further information: Novawest Resources Inc., Suite 1000, The Marine
Building, 355 Burrard Street, Vancouver, BC, V6C 2G8, Phone: (604) 683-8990 or
Toll Free: 1-800-663-8990, Fax: 604-683-8903