New Guinea Gold Corporation TSXV:NGG announced assay results from the Kavursuki zone of its Sinivit Mine in Papua New Guinea. Highlights include
11.35 g/t gold over 1.8 metres
1.96 g/t over 4.5 metres
2.16 g/t over 2.7 metres
2.67 g/t over 1.1 metres
2.87 g/t over 12.4 metres (including 12.05 g/t over 1 metre)
4.62 g/t over 1 metre
The Sinivit gold project has an NI 43-101 mineral resource estimate of 43,800 ounces gold indicated and 183,700 ounces inferred.
New Guinea has also announced that it has entered into a letter of intent regarding potential acquisition by PNG Gold Corporation TSXV:PGK.
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by Ted Niles