Newmarket Gold Reports 'Encouraging' Results from Aurora B

Newmarket Gold Inc. (TSX:NMI,OTCQX:NMKTF) announced results from six holes completed at the Aurora B discovery, located at its Australia-based Stawell gold mine. The holes were focused on growth drilling, with five from Phase 3 drilling and one from Phase 2 drilling.
Highlights include:

• Completed the Aurora B Phase 3 East Flank diamond drill program which returned significant intercepts for the Hampshire Lode, including:16.8 g/t Au ⁽¹⁾over 1.3m (ETW 0.65m) in hole MD6366, 4.01 g/t Au⁽¹⁾over 7.7m (ETW 4.9m) in hole MD6367 and 3.04 g/t Au over 9.9m (ETW 8.7m) in hole MD6364.

• Phase 3 drill results support the continuation of mineralization along the Magdala East Basalt Flank, particularly within the Hampshire Lode, which remains open to the north and the south and at depth. More than 2.3 million ounces of historical production at Stawell has come from the West Flank of the Magdala Mineralization System with no recorded production from the East Flank.

• The final hole from Phase 2 drilling, hole MD6353, intersected 7.27g/t Au over 0.9m (ETW 0.5m).

• Prior released results from the Stawell Phase 1 and Phase 2 drill programs (6 drill holes) include: 7.06 g/t Au over 17.8 m (ETW 8.3 m), 25.4 g/t Au over 0.55 m, 8.03 g/t Au over 8.80 m (ETW 5.0 m) and 2.59 g/t Au over 5.5 m (ETW 3.1 m).

• Drilling to date, has outlined a mineralized surface on Aurora B measuring 150 m along strike and 150 m down dip and is open for expansion.

• Completed 327 m of underground development to support infill drilling at Aurora B with this East Flank discovery now only 220 m east of mine infrastructure.

• Commenced the Phase 4 diamond drill hole program, consisting of 7 holes over 3,000 m, to explore for along-strike extensions of the Aurora B Target.

⁽¹⁾ Visible gold present in intercept, ETW – Estimated True Width, All drill results are presented in Table 1 and drill collars in Table 2.

Douglas Forster, president and CEO of Newmarket Gold, commented:

We are extremely encouraged with the drill results from the Aurora B discovery at Stawell as we continue to target significant resource expansion opportunities with the goal of increasing the life of mine reserves across all of our operations. We have now completed 19 drill holes on the Aurora B target and the results to date highlight the potential to build Mineral Resources and Mineral Reserves on the expansive Magdala East Basalt Flank. To date, drilling has outlined a mineralized surface close to mine infrastructure of approximately 150 m along strike and 150 m down dip with Phase 4 drilling underway to target the along strike potential of the discovery.

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