NEW GUINEA GOLD
CORPORATION
PRESS RELEASE
DRILLING AT THE WEIOKO PROPERTY INTERSECTS
4m GRADING 2.69g/t GOLD PLUS 32m GRADING 0.91g/t GOLD
Vancouver, 7 March, 2006.
Three holes were drilled at the Weioko Prospect, Sehulea Property and
they intersected strong to intensely illite-sericite-quartz-pyrite altered hydrothermal breccia.
Several narrow distinctive intervals of intense - pervasive silicification and saccharoidal vuggy silica were
intersected in the top interval of WED032. Elevated gold grades appear to correlate with these zones and the
best assay interval returned was 4m grading 2.69 g/t gold from 8.2m to 12.20m down hole. This interval also
includes 1.0m grading 6.71 g/t gold plus 14.9 g/t silver.
Hole WED033 intersected a broad, low grade gold zone in strong to intensely illite-sericite-quartz-pyrite
altered hydrothermal breccia and returned 32m grading 0.91g/t gold from 8m to 40m down hole, with a
maximum assay of 2.36g/t gold.
WED034 was abandoned at 44.20m due to difficult ground conditions and the only significant assay result
was 2m grading 2.59g/t gold from 12m to 14m down hole, from a strongly weathered and limonite stained
conglomerate breccia.
The holes were drilled in late 2005 and assays have just been received. In the meantime, the drill has moved
to the Imwauna Prospect, Normanby Property. An additional drill is expected to become available later in
2006 which will then permit resource definition drilling at Weioko to commence.
At Weioko, approximately 34 drill holes have defined gold mineralisation with possible bulk grades
estimated between 1g/t to 3g/t over a strike length of ~400m.
CANADA
Suite 422 - 470 Granville Street,
Vancouver B.C. V6C 1V5
Phone: (604) 662 3598 Fax: (604) 669 6257
Email: ngg@telus.ca
forbes@sherbournegroup.ca
AUSTRALIA
P.O. Box 7996
Gold Coast Mail Centre Qld 4217
Phone: +61 (7) 5592 2274 Fax: +61 (7) 5592 2295
Internet Site: http://www.newguineagold.ca
email:rdmcneil@macmin.com.au
2
Weioko Project Drill hole Significant Assays
Hole Number
WED032
WED033
WED034
From
(m)
1.4
8.2
37
47.8
8
12
To
(m)
4.2
12.2
37.8
49.8
40
14
Interval/Assay
2.8m grading 0.69g/t Au
4m grading 2.69g/t Au
0.8m grading 0.56g/t Au
2m grading 0.74g/t Au
32m grading 0.91g/t Au
2m grading 2.59g/t Au
Weioko Project Drill Hole Statistics
Hole No
WED032
WED033
WED034
TOTAL
Northing
(AMG)
8895290
8895295
8895285
Easting
(AMG)
297585
297605
297560
Azimuth
(Mag)
080
080
080
Dip
(Degrees)
-50
-50
-50
Depth
(Metres)
125.7
115.8
44.2
285.7m
NB: Collar co-ordinates are approximate i.e. non surveyed
The aim of this drilling program was to complete minimum work commitments and to provide an across
strike investigation of the intensely illite-sericite-quartz-pyrite altered mineralised zone of hydrothermal
breccia developed in the northern end of the prospect. This area is noteworthy for the presence of elevated
gold grades across broad intercepts that have been defined by previous trenching and drilling programs.
Significant results from previous exploration completed in the same area included:
Trench
56m grading 2.43g/t gold (including 4m grading 58.87 g/t gold & 4m grading 21.89g/t gold).
Drill Hole
WEH031
21.0m grading 3.59g/t gold (including 4m grading 11.55g/t gold)
Drill Hole
WED001
16.0m grading 1.37g/t gold (including 1.50m grading 6.99g/t gold)
As noted above, resource definition drilling is expected to commence on this property later in 2006.
For further information contact Forbes West toll free on 888-655-5532 or Judith O’Quinn on 614-682-3598
and/or see previous releases and technical reports at www.newguineagold.ca
The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New
Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 44 years mining industry experience, is a
Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a
qualified person.
ON BEHALF OF THE BOARD
“R.D.McNeil”
CHAIRMAN & CEO
The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release. The statements made in
this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk
factors may also affect the actual results achieved by the company.