Newmarket Gold Reports Drill Results from Cosmo and Stawell

Newmarket Gold Inc. (TSX:NMI) released results from 7,805 meters of drilling completed at its Australia-based Cosmo gold mine and from 2,070 meters of drilling completed at its Stawell gold mines, also in Australia.
Highlights include:

• Development of the Sliver Lode at the Cosmo Mine with additional high grade results including: 14.79 g/t Au over 11.4 m (ETW 11.4 m)in hole CE67518 and 14.07g/t Au over 6.0 m (ETW 5.83 m) in hole CE67522.
• The Sliver Lode drilling is approximately 25 m from current underground development highlighting the potential additional tonnes to be included in the near term mine plan.
• Down plunge drilling in the footwall area of the Cosmo deposit, the Cosmo Deeps drill program has identified mineralization approximately 200 m down-plunge from the current base of Mineral Resources at Cosmo. The Cosmo Deeps drilling program was successful and include intercepts such as 5.85 g/t Au over 5.70 m (ETW 4.2 m) in hole CE84099 and 3.09 g/t Au over 6.4 m (ETW 5.0 m) in hole CE840100.
• At Stawell a second phase of drilling in the Aurora B discovery target returned high-grade gold intercepts containing visible gold of 8.03 g/t Au⁽¹⁾ over 8.80 m (ETW 5.0 m) including 51.80 g/t Au⁽¹⁾over 0.80 m (ETW 0.45 m)in hole MD6347.

⁽¹⁾ Visible gold present in drill intercept, ETW – Estimated True Width.

Douglas Forster, president and CEO of Newmarket, commented:

We are extremely pleased with the drilling results from the Sliver Lode and Cosmo Deeps down plunge targets which have intersected significant gold mineralization in previously undrilled areas close to current infrastructure at Cosmo. With these positive results, we continue to invest in additional drilling to advance the resource potential of these targets. At Stawell, continued drilling of the Aurora B discovery has returned additional high-grade results containing visible gold. These results combined with historical drilling, outline a mineralized surface approximately 140 m along strike and 140 m down dip with the Aurora B discovery remaining open for further expansion.

Click here to read the full Newmarket Gold Inc. (TSX:NMI) press release.