Lluvia
de Oro Infill & Step-out Drilling Update # 1:
NWM
Mining Corporation (the �Company� TSX-V: NWM) is pleased to report on
completion of Phase One of the reverse-circulation (RC) drilling program
conducted at Lluvia de Oro in the month of June (2,981.2 meters of drilling),
and to provide results of the core drilling program through core hole number
R10-017 (3,140.5 meters of drilling).
Highlights
of the current drill results include a number of favorable gold intercepts in
the area designated as the Southeast Lobe (SEL) of the southwest Creston Pit,
and RC drill hole (R10-008), which indicates a significant extension to the
Southeast Lobe mineralization. RC holes R10-002 through R10-004, R10-006, and
R10-008 are listed in Table 1 below, and initial core drill results defining
new mineralization in the Southeast Lobe area are listed in Table 2 below.
The
significant mineralized intercept identified in R10-008 (2.155 g/t Au over 25.9
Meters) can be seen (in Figure 1) to be some 200 meters to the southwest of the
new mineralization identified in the Southeast Lobe (SEL). A follow up drill
program to identify the potential continuity of mineralization between and to
the south of these areas is now in progress.
Figure 1: Digital Globe satellite image showing
drill hole (R10-08) approximately 200 Meters south and west of the newly
defined mineralization in the Southeast Lobe area (SEL) of the Creston Pit. RC
holes are represented by stars and core holes by circles. Arrows indicate the
trace of inclined drill holes.
It
is important to note that none of the newly identified mineralization in the
SEL area was included in the previously calculated proven and probable reserves
for Lluvia de Oro. This area outlines a newly defined zone of gold
mineralization and drill hole R10-08 has detected a significant band of
mineralization some 200 Meters to the south and west of the recently defined
SEL area. Continuity of mineralization between and to the south of these areas
could materially affect future resource and reserve calculations for Lluvia de
Oro.
Four
other exploration drill holes were drilled in the area west and southwest of
the Creston Pit exploring for extensions of mineralization in the southwest
direction. These drill holes did not return significant intercepts of gold
mineralization (Table 3), however, the several
intercepts encountered suggest that further exploration of the southwest
extension is needed.
RC
holes R10-014 through R10-017 and core hole L10-016 were drilled in the
Northeast Extension area (not shown on Figure 1). These holes were drilled
principally with a view to upgrading resource categories in that area where
previously reported inferred resources may be upgraded to measured and
indicated resources, and ultimately to reserve categories. Core hole L10-016
tested an Enzyme Leach soil anomaly previous identified at Lluvia de Oro and
resulted in intercepts of 31.3 and 44.8 vertical meters, including a 25.1 meter
interval (vertical thickness) of mineralized rock in the metamorphic sequence
underlying the detachment block (96.3 to 124.0m at -65 degrees intercept). The
intercept of gold mineralization in the metamorphic rocks defines a new target
for further exploration in the Northeast Extension area.
Core
drill holes L10-001 through L10-009 were drilled in Area 1, on the northwest
end of Creston Pit, to define margins of known mineralization for mine planning
and to provide drilling information in areas of planned leach pad construction.
Drill holes L10-001, L10-003, L10-007, and L10-009 were successful in defining
grade blocks between existing drill lines, and holes L10-004 through L10-006
were condemnation drill holes in the area of the northeast leach pad (see Table
5 below).
The
drilling program was designed to accomplish three objectives: 1) provide
gold-silver-copper assay information for areas between existing drill lines
within the defined block of mineral resources at the Lluvia de Oro mine and to
upgrade resource categories in these areas; 2) continue the drill holes below
the defined Upper Zone mineralization envelope to explore and obtain grade and
continuity information for the Lower Zone mineralization; and 3) conduct
exploration drilling to find the margins of existing mineralization, which
includes some condemnation drilling. The objectives of drilling have been
realized to date and the cost of drilling and related support has been within
budget.
Mr.
Rodney A. Blakestad, C.P.G., is the designated Qualified Person pursuant to
National Instrument 43-101 of the Canadian Securities Administrators for this
press release and has reviewed and approved the technical and scientific
disclosure contained herein.
The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or accuracy of
this release.