Phase One 2007 Drilling Program at Sandman Project Ongoing
LAKEWOOD, CO, June 25 /CNW/ - NewWest Gold Corporation (TSX:NWG)
("NewWest"), today announced it has filed a National Instrument 43-101
(NI 43-101) report on SEDAR with respect to its Sandman project (Sandman).
Located near the mining centre of Winnemuca in Humboldt County, Nevada,
Sandman is an advanced exploration project entirely owned by NewWest. On May
9, 2007, NewWest announced it had received an NI 43-101 compliant resource
estimate at Sandman.
The NI 43-101 compliant measured and indicated resource brings the total
contained gold equivalent ounces attributable to NewWest's Northumberland,
Zaca and Sandman project to 595,100 measured gold ounces and 1,199,800
indicated gold ounces. NewWest also has 239,000 contained gold equivalent
ounces of inferred resources for those projects. Gold equivalent is calculated
at a gold-silver ratio of 67:1. For a detailed resource table, please refer to
the Gold Resources page of NewWest's website at www.newwestgold.com.
The NI 43-101 Technical Report can be accessed on SEDAR's website at
www.sedar.com or NewWest's website at www.newwestgold.com.
Michael Gustin, Ph.D., of Mine Development Associates, Reno, Nevada, is
NewWest's qualified person as defined by NI 43-101 and has reviewed and
approved the technical data in this news release.
This news release includes certain "forward-looking statements" within
the meaning of Canadian securities laws. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from those
expressed in such forward-looking information. Forward-looking information in
this news release includes but is not limited to, economic performance,
statements regarding potential mineralization and reserve exploration, and
future plans and objectives of NewWest Gold Corporation including future
exploration and development.
Any number of important factors could cause actual results to differ
materially from these forward-looking statements, including those set out in
the Company's Annual Information Form as of December 31, 2006, as well as
future results. Although the Company believes that the assumptions and factors
used in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the
date of this news release, and no assurance can be given that such events will
occur in the disclosed timeframes or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
NewWest is one of the largest holders of precious metals mineral rights
in Nevada's gold trends, spanning approximately 623,000 acres. NewWest holds
19 exploration projects, including advanced-stage projects with measured and
indicated resources. NewWest's goal is to move its projects into production.
For further information:
For further information: NewWest Gold Corporation, Stephen Alfers,
President and Chief Executive Officer, Tel: (303) 425-7042, Fax: (303)