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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (84591)	8/23/2011 2:30:11 PM
From: LoneClone	Read Replies (1) \| Respond to of 193670

Newton Gold Starts Work Program at Wholly Owned Chuchi Property finance.yahoo.com Press Release Source: Newton Gold Corp. On Tuesday August 23, 2011, 12:34 pm EDT VANCOUVER, British Columbia--(BUSINESS WIRE)-- Newton Gold Corp. (“Newton Gold” or the "Company") announces that the Company has started field work on its wholly owned 9,700 hectare Chuchi Property located in central B.C. approximately 90km north of Fort St. James. The Chuchi property is host to a low-grade porphyry copper-gold deposit. The property is located 32km northwest of the Mt. Milligan copper-gold deposit now owned by Thomson Creek Metals, and the Chuchi geology has been described in a NI 43-101 Technical Report authored by M. Rebagliati (2004) as "remarkably similar" to the 299 million tonne Mt. Milligan copper-gold porphyry deposit. The work program will consist of 50 line kilometres of geochemical sampling over the core of the Chuchi porphyry – the area that contains a large magnetic anomaly and had received a bulk of the historical drilling (29 holes) on the property. The lines have also been designed to cover portions of historic soil sampling grids of BP Resources (1984) and Rio Algom Exploration (1990) that have consistent significant differences in results between the two grids. The work program is expected to last three weeks with results to follow in an additional 4 to 5 weeks. About Newton Gold Corp Newton Gold Corp. is a British Columbia focused exploration company with two advanced exploration projects. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of mining projects that can be taken into production. The company's main objective is to add shareholder value through efficient exploration, strategic acquisitions and joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management. ON BEHALF OF THE BOARD OF DIRECTORS “Mark McLeary” Mark McLeary, President 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. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. Contact: Newton Gold Corp. Mark A. McLeary, President & CEO Tel 604 678 – 2531 www.newtongold.com