New Guinea Gold Corporation
TSX VENTURE : NGG
FRANKFURT : NG8

New Guinea Gold Corporation

June 12, 2008 15:20 ET

New Guinea Gold Announces Inferred Mineral Resource at 100% Owned Imwauna Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2008) - New Guinea Gold Corporation (TSX VENTURE:NGG)(FRANKFURT:NG8) -

Highlights

An Inferred Mineral Resource of 1.8 million tonnes at 12.2 g/t gold and 20 g/t silver for contained metal of 706,000 ozs gold and 1,160,000 ozs silver has been estimated for the Imwauna Project, Normanby Property, Papua New Guinea.

- Resource is open along strike and to depth; defined over a strike length of 1,500m to date and to depths below surface varying from 50 to 150 meters.

- Resource commences at surface; has been defined by numerous excavator trenches and 137 drill holes. Drilling is continuing with two diamond core rigs.

- As indicated and illustrated in our Press Release dated 23 April 2008, drill target areas have been defined at depth below the limit of present drill holes. These areas will be explored in the near future.

- Potential for bonanza zones is suggested by trench bulk samples such as 82kgs averaging 424g/t gold (12.37ozs/ton) and 63kgs averaging 70g/t gold (2.04 ozs/ton), supported by drill results such as 3m at 109g/t gold, (3.18 ozs/ton); 5.6m at 36g/t gold (1.05 ozs/ton) and 0.4m at 438g/t gold (12.78 ozs/ton).

- Deposit is within 3 to 4kms of the Coast of Normanby Island with relatively good access.

- A Technical Report in compliance with the requirements of NI 43-101 on the Imwauna Project is being prepared by Independent Geological Consulting firm, Project Geoscience Pty Ltd (PG) and will be filed on SEDAR within 45 days. PG has read and reviewed this Press Release and consents to its disclosure.

Chairman and CEO of New Guinea Gold Corporation (NGG) Bob McNeil commented: "We are pleased to report this initial NI 43-101 compliant resource which represents an important first step in the exploration and possible future development of this core New Guinea Gold project. At the present time we have two rigs, a 14t excavator and D6 bulldozer working on the property, and we plan to add a third drill rig later this year. The results of exploration to date are very exciting, particularly the high grade bonanza zones. The results continue to expand our knowledge of this large gold system."

The Imwauna Project is a part of an 8 to 10 sq km gold mineralised area as defined by gold in geochemistry and trenching (see map in Press Release dated 23 April 2008). Mineralisation varies from quartz hosted gold mineralisation, often of high grades at Imwauna itself to disseminated gold mineralisation associated with Recent/Pleistocene volcanics at the Knob Prospect (3 to 4 kilometers north of the Resource area, near the Coast - for map location see Press Release dated 23 April 2008). Only a small part of this large prospective area has been tested by drill holes and the PG notes that there is potential to locate additional resources at other nearby gold prospects in addition to at depth and along strike at Imwauna.

The mineralisation at Imwauna is low sulphidation, epithermal mineralisation, and consists of multiple, steeply dipping quartz veins, from a few mms width to 10m width with the main Imwauna vein defined to date averaging of the order of 1m, with relatively high gold grades and often visible gold. Average width of all veining within the mineral resource estimate is approximately 2.1meters. The mineralisation has been defined by drilling over a strike length of 1,500m, is open both to the north and south and to depth. The drilled depth extent of the mineralisation varies from 50 to 150m below surface.

History and Exploration completed

NGG has been actively exploring at its Normanby Property and Imwauna Project since 1996, initially in Joint Venture with Macmin Silver Ltd and since 2002 as the sole owner of the property. Macmin Silver retains a 1% NSR royalty on any production from the property.

Exploration completed at the Imwauna Project as at the date of this Release (not including exploration elsewhere on the Normanby Property) includes:.

- Approximately 150 drill holes (including 18 drilled prior to acquisition in 1991/1992 by Ingold Holdings Pty Ltd, a subsidiary of Inco).

- Over 250 excavator trenches to depths of 2 to 4 meters.

- Geochemical sampling - stream, soil and rock chip, over approximately 15sq kms.

- Airborne magnetic and radiometric geophysical surveys- - AIRSAR (airborne radar) survey.

- CSAMT (controlled source audio - magnetic telluride) ground geophysical survey to define possible gold bearing quartz zones such as the main Imwauna Zone

- Trial mining pit or slot to study mineralisation characteristics, possible open pit mining techniques and to collect a 30t bulk sample for grade comparison purposes.

- Preliminary bottle roll and column cyanide leach metallurgical testing.

- Mineragraphic and petrographic studies

- Bulk sampling (over two tonnes of samples) from trenches to check gold grades and reproducibility of assays.

Bob McNeil CEO and Chairman commented: "the above exploration has been previously reported in Press Releases and is described fully in the NI 43-101 report to be filed on SEDAR. It confirms the presence of gold mineralisation over the 8 to 10 sq km area and suggests that only a small part of that area has been intensively explored to date. With further drilling it is likely that additional resources will be defined. The metallurgical testing showed that the gold in surface mineralisation can be easily extracted by cyanide leach with 90% to 95% recovery reported. Visible gold in some samples suggests that some of the gold may be recoverable by simple gravity treatment. No testwork has yet been undertaken on gravity extraction".

Mineral Resource Estimate

The mineral resource estimate is dated 11th June 2008 and was prepared in accordance with NI 43-101 guidelines by the NGG technical team in consultation with Independent geological consulting firm, Project Geoscience Pty Ltd (PG). PG has monitored the project for the past two years and In PG's opinion the data and results fairly and accurately support the disclosure of the mineral resource estimate of the Imwauna Project. In PG's opinion the mineral resource model and estimation conform to NI 43-101 guidelines. PG has reviewed this release and grant their permission to release the data and resource estimate in this Press Release. In PG's opinion the exploration completed to date confirms the resource as Inferred but with additional exploration and data compilation, the resource may be upgraded to Indicated and/or Measured.

The resource is based on 137 drill holes drilled on nominal 50m by 25m spacings but with some spacings as close as 12.5m by 25m, or at the strike extremities of the resource, at 100m by 50m spacings (see Figures 1 and 2 in Press Release dated 23 April 2008 for drill location plans) All drill assay results from the Imwauna Project, with location co-ordinates, up until the resource cut off at hole IMD 122 are shown in Table 1.

Modeling and resource estimation was carried out using Surpac Vision software by NGG VP Exploration Jack Drzymulski, QP, in consultation with Independent QP Ralph Stagg M.Sc, DIC, F AusIMM, MIMMM QP of Project Geoscience. Cross-sectional interpretations were used to create a 3D wireframe model from which a block model was developed. Gold and silver grades were estimated using an inverse distance to the power of three interpolations with an isotropic search radius of 125m. The block model has cell dimensions of 10m x 1m x 2m (northing, easting and elevation respectively) and its orientation is sub-parallel to the overall orientation of the main vein. The informing data was 1m vein composites of the main and east veins only. Variography was tested but no reasonable correlations were found. Interpolation parameters were bearing 012 degrees, plunge -5 degrees and dip -80 degrees to the east.

All drill hole co-ordinates and levels, and a contour plan were prepared from ground surveys. The Bulk Density used in the resource estimate was 2.65

Selective check sampling, bulk sampling, and assay standards show reasonable reproducibility and correlation with original results as expected from high grade vein gold deposits. PG has verified the data disclosed including sampling, analytical and test data. PG has also verified the sources of data and in PG's opinion the satisfactory replication of data in a number of verification programs by different entities confirms the overall reliability of the data set.

All presently required environmental permits are in place and NGG holds current title to the mineral resource area under Exploration License 1091, Normanby, granted by the Papua New Guinea Government. The mineral resource estimate is not known to be materially affected by any environmental, legal, title, taxation, socio-political, marketing or other relevant issues except as may be required from time to time by the Papua New Guinea Mining, Environmental and Taxation Acts.

Drill core is currently logged and split (all by diamond saw) on site with half core being dispatched to, and assayed by accredited laboratory ALS-Chemex in Townsville, Australia. In house and laboratory standards are used for quality control plus regular check sample assaying. Trench samples are usually continuous channel samples, in lengths dependent on geology or in one or two metre intersects. Some samples were panel samples over a face of mineralisation or bulk samples. Usually about 3kg is collected and prepared and assayed at ALS - Chemex in Townsville, Australia.

Other Information

The Normanby Property has been the subject of three earlier Independent Technical Reports on behalf of NGG, in 1996, 1998, and 2002 by Peter Christopher, PhD, P.Eng of Peter Christopher & Associates. The report in 2002 was compliant with NI 43-101 guidelines, is filed on Sedar and at www.newguineagold.ca.

New Guinea Gold is the premier junior explorer and miner in Papua New Guinea, with interests in ten gold and two porphyry copper-gold-molybdenum properties. With 75,000 + metres of drilling completed, extensive gold or copper-gold-molybdenum mineralisation has been discovered at 11 of the properties while the 12th contains widespread and extensive alluvial gold. The Company's outstanding shares are traded on the TSX-Venture, Frankfurt, and Berlin Stock Exchanges.

In addition to the Imwauna Project the Company has commenced gold production at its Sinivit Gold Mine, in East New Britain, Papua New Guinea. The Company also owns an approximate direct 46% interest in Australian Securities Exchange listed company, Coppermoly Ltd and 30% in Pacific Kanon Gold Corporation which is intended to list on the TSX-V in the near future.

Full details of the Sinivit Project are described in an Independent N1 43-101 report dated January 2006 which is available at www.newguineagold.ca.

The information in this release was prepared under the direction of Robert D. McNeil (F Aus IMM) a "qualified person" as defined by National Instrument 43-101. NGG follows a rigorous QA/QC protocol on all of its exploration projects.

This news release may contain forward-looking statements, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such forward-looking statements are made as at the date of this news release, and the company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

For further information on this release or on other NGG projects such as the Sinivit Gold Mine, contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net or access our website - www.newguineagold.ca.

ON BEHALF OF THE BOARD

R.D.McNeil, CHAIRMAN & CEO

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.



Summary Assay Results Used in Resource Estimate

---------------------------------------------------------------------------
Hole Northing Easting EOH Azi Dip From To Interval Au Ag
No (amg) (amg) (m)(mag) (deg) (m) (m) (m) g/t ppm
---------------------------------------------------------------------------
IMD001 8887180 289151 64.5 100 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD002 8887185 289110 77.5 100 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD003 8887271 289175 66.4 100 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD004 8887263 289203 73.2 100 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD005 8887164 289173 72.2 100 -60 48.30 48.90 0.6 1.43
---------------------------------------------------------------------------
IMD006 8887139 289141 70 100 -60 38.47 48.80 10.3 32.45
---------------------------------------------------------------------------
50.55 60.00 9.5 13.28
---------------------------------------------------------------------------
IMD007 8887116 289131 51.1 100 -60 36.80 46.34 9.5 6.12
---------------------------------------------------------------------------
IMD008 8887088 289142 60 100 -60 13.60 14.00 0.4 3.24
---------------------------------------------------------------------------
IMD009 8887063 289138 40 100 -60 13.80 15.30 1.5 7.60 21
---------------------------------------------------------------------------
IMD010 8887112 289185 74.9 280 -50 No results used in resource
estimate
---------------------------------------------------------------------------
IMD011 8887078 289168 83.55 280 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD012 8887067 289182 95.45 280 -60 67.05 68.85 1.8 3.96
---------------------------------------------------------------------------
IMD013 8887150 289198 51 280 -60 0.00 4.35 4.4 1.14
---------------------------------------------------------------------------
43.70 44.35 0.6 4.63 4
---------------------------------------------------------------------------
IMD014 8887105 289204 66 280 -50 No results used in resource
estimate
---------------------------------------------------------------------------
IMD015 8886936 289091 102 280 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD015a 8886936 289092 6 280 -60 2.75 4.50 1.8 7.08
---------------------------------------------------------------------------
IMD016 8887268 289244 85.6 280 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMD017 8887203 289218 64.3 280 -50 24.00 25.50 1.5 16.90 17
---------------------------------------------------------------------------
IMH001 8887138 289140 75 100 -60 64.30 68.10 3.8 36.11 70
---------------------------------------------------------------------------
IMH002 8887138 289141 72.6 100 -60 32.00 39.20 7.2 16.51 18
---------------------------------------------------------------------------
IMH003 8886539 288908 54 280 -50 42.90 50.00 7.1 0.98 2
---------------------------------------------------------------------------
IMH004 8886588 288890 82.6 100 -60 48.00 54.00 6.0 6.39 10
---------------------------------------------------------------------------
IMH005 8886600 288841 130 100 -60 No results used in resource
estimate
---------------------------------------------------------------------------
IMH006 8886359 288874 139.2 280 -45 126.10 128.90 2.8 4.82 16
---------------------------------------------------------------------------
IMH007 8886438 288906 126.2 290 -45 112.90 114.20 1.3 6.47 10
---------------------------------------------------------------------------
IMH008 8886679 288959 42 100 -45 16.00 18.00 2.0 7.06 22
---------------------------------------------------------------------------
IMH009 8886679 288957 56.5 100 -80 29.00 34.00 5.0 1.69 8
---------------------------------------------------------------------------
IMH010 8886780 289025 60 100 -55 23.00 27.00 4.0 1.26 4
---------------------------------------------------------------------------
IMH011 8886780 289024 75 100 -80 35.00 41.00 6.0 3.52 9
---------------------------------------------------------------------------
IMH012 8886863 289086 75 280 -45 51.00 57.00 6.0 3.64 18
---------------------------------------------------------------------------
IMH013 8886933 289058 55.6 100 -60 43.00 45.00 2.0 3.34 4
---------------------------------------------------------------------------
IMH014 8887234 289201 33.1 100 -45 22.60 25.60 3.0 5.65 4
---------------------------------------------------------------------------
IMH015 8887115 289130 43.6 100 -45 19.20 23.00 3.8 1.46 4
---------------------------------------------------------------------------
IMH016 8887115 289131 55 100 -60 35.00 44.00 9.0 12.87 17
---------------------------------------------------------------------------
IMH017 8887114 289131 124.6 100 -70 No results used in resource
estimate
---------------------------------------------------------------------------
IMH018 8887258 288870 150.1 310 -45 No results used in resource
estimate
---------------------------------------------------------------------------
IMH019 8887111 289141 55.7 100 -85 No results used in resource
estimate
---------------------------------------------------------------------------
IMH020 8887110 289141 42.7 100 -65 No results used in resource
estimate
---------------------------------------------------------------------------
IMH021 8887110 289141 39.7 100 -65 14.00 16.00 2.0 5.97 11
---------------------------------------------------------------------------
IMH022 8887136 289142 71.4 100 -65 No results used in resource
estimate
---------------------------------------------------------------------------
IMH023 8887136 289142 37.4 100 -75 No results used in resource
estimate
---------------------------------------------------------------------------
IMH024 8887135 289144 45.8 100 -45 14.00 18.00 4.0 7.93 9
---------------------------------------------------------------------------
IMH025 8887147 289182 69.6 280 -65 No results used in resource
estimate
---------------------------------------------------------------------------
IMH026 8887148 289181 48.8 280 -45 21.00 23.00 2.0 1.74 4
---------------------------------------------------------------------------
IMH027 8887170 289189 69.6 280 -65 No results used in resource
estimate
---------------------------------------------------------------------------
IMH028 8887171 289188 37.6 280 -45 18.00 19.00 1.0 6.02 18
---------------------------------------------------------------------------
IMH029 8887195 289195 61 280 -65 17.50 20.00 2.5 8.47 15
---------------------------------------------------------------------------
IMH030 8887195 289194 37.6 280 -45 11.00 12.00 1.0 26.50 56
---------------------------------------------------------------------------
IMH031 8887217 289206 60.7 280 -65 17.00 22.00 5.0 5.86 5
---------------------------------------------------------------------------
IMH032 8887218 289205 34.8 280 -45 12.00 13.00 1.0 10.50 6
---------------------------------------------------------------------------
IMH033 8887248 289196 79.3 106 -65 No results used in resource
estimate
---------------------------------------------------------------------------
IMH034 8887248 289197 49.1 106 -50 21.00 26.00 5.0 5.55 14
---------------------------------------------------------------------------
IMH035 8887271 289207 82.8 100 -70 48.00 60.00 12.0 5.53 7
---------------------------------------------------------------------------


Note: No results used in resource estimation means all results less than 0.5g/t gold or narrow intersections usually less than one metre and 1g/t gold which appear not to have continuity.



---------------------------------------------------------------------------
Inter
Hole Northing Easting EOH Azi Dip From To val Au Ag
No (amg) (amg) (m) (mag) (deg) (m) (m) (m) g/t ppm
---------------------------------------------------------------------------
63.00 65.00 2.0 4.68 24
---------------------------------------------------------------------------
IMH036 8887270 289208 43.8 100 -55 20.00 21.00 1.0 4.04 23
---------------------------------------------------------------------------
No results used in resource
IMH037 8887295 289213 73.9 100 -65 estimate
---------------------------------------------------------------------------
IMH037A 8887294 289213 60.2 100 -65 48.30 49.40 1.1 2.78 14
---------------------------------------------------------------------------
IMH038 8887294 289214 43.1 100 -55 26.70 29.80 3.1 1.40 6
---------------------------------------------------------------------------
No results used in resource
IMH039 8887190 289170 71.2 100 -80 estimate
---------------------------------------------------------------------------
IMH040 8887190 289172 30.7 100 -50 13.40 17.00 3.6 6.83 15
---------------------------------------------------------------------------
IMH040A 8887191 289172 40 100 -50 12.30 15.30 3.0 5.56 31
---------------------------------------------------------------------------
No results used in resource
IMH041 8887293 289214 41 100 -50 estimate
---------------------------------------------------------------------------
IMH042 8887209 289184 34.9 100 -50 16.35 19.30 3.0 8.85 14
---------------------------------------------------------------------------
IMH043 8887122 289144 49.7 100 -50 14.30 15.50 1.2 13.26 23
---------------------------------------------------------------------------
IMH044 8887083 289162 46.7 280 -50 30.60 32.20 1.6 6.24 15
---------------------------------------------------------------------------
IMH045 8887083 289163 63.1 280 -65 44.50 46.20 1.7 5.25 13
---------------------------------------------------------------------------
IMH046 8887235 289191 64.7 100 -65 44.10 44.95 0.9 8.99 20
---------------------------------------------------------------------------
No results used in resource
IMH047 8886969 289112 35.3 280 -50 estimate
---------------------------------------------------------------------------
IMH048 8886792 289034 50.1 100 -65 6.50 8.50 2.0 4.67 15
---------------------------------------------------------------------------
No results used in resource
IMH049 8886710 289007 50.8 280 -50 estimate
---------------------------------------------------------------------------
IMH050 8886653 288951 34.9 100 -60 15.90 17.55 1.7 16.66 35
---------------------------------------------------------------------------
IMH051 8886654 288951 47.1 100 -80 24.00 26.10 2.1 22.46 45
---------------------------------------------------------------------------
No results used in resource
IMH052 8886603 288924 100 100 -55 estimate
---------------------------------------------------------------------------
IMH053 8886627 288963 35.75 280 -50 22.80 25.20 2.4 4.78 48
---------------------------------------------------------------------------
IMH054 8886771 289012 55.9 100 -55 30.88 32.85 2.0 3.03 17
---------------------------------------------------------------------------
IMH055 8887182 289196 52.9 280 -65 27.50 30.25 2.8 34.49 44
---------------------------------------------------------------------------
IMH056 8886843 289032 54.9 100 -65 34.50 35.50 1.0 23.67 72
---------------------------------------------------------------------------
No results used in resource
IMH057 8887147 289186 55.9 280 -60 estimate
---------------------------------------------------------------------------
No results used in resource
IMH058 8887170 289193 48 280 -60 estimate
---------------------------------------------------------------------------
IMH059 8887078 289176 82.60 278 -50 51.40 52.60 1.20 14.65 31
---------------------------------------------------------------------------
IMH060 8887052 289171 91.00 275 -50 60.60 61.50 0.90 15.93 32
---------------------------------------------------------------------------
No results used in resource
IMH061 8886965 289126 82.50 278 -51 estimate
---------------------------------------------------------------------------
IMH062 8886960 289141 160.00 279 -51.5 14.90 16.70 1.80 8.65 91
---------------------------------------------------------------------------
31.40 33.20 1.80 9.16 20
---------------------------------------------------------------------------
No results used in resource
IMH063 8887083 289048 160.90 96 -58 estimate
---------------------------------------------------------------------------
No results used in resource
IMH064 8887037 289051 160.20 103 -71.3 estimate
---------------------------------------------------------------------------
IMH065 8887026 289086 90.10 101 -63 66.1 70.8 4.70 0.92 2
---------------------------------------------------------------------------
70.8 71.1 0.30 13.80 13
---------------------------------------------------------------------------
71.9 74.1 2.20 9.16 18
---------------------------------------------------------------------------
74.1 75.1 1.00 0.51 1
---------------------------------------------------------------------------
No results used in resource
IMH066 8887019 289107 66.10 102 -64.7 estimate
---------------------------------------------------------------------------
IMH067 8886668 288897 171.20 92 -67 120.20 126.20 6.00 67.98 69
---------------------------------------------------------------------------
IMH068 8886608 288905 60.00 98 -62 39.80 42.20 2.40 13.68 66
---------------------------------------------------------------------------
IMH069 8886610 288870 130.80 85 -65 99.10 109.10 10.00 18.10 31
---------------------------------------------------------------------------
IMH070 8886588 288903 55.70 100 -60 22.40 22.90 0.50 2.63 6
---------------------------------------------------------------------------
IMH071 8886596 288880 81.30 100 -60 59.65 60.30 0.65 6.08 31
---------------------------------------------------------------------------
IMH072 8886577 288871 95.00 100 -50 37.45 38.50 1.05 3.87 5
---------------------------------------------------------------------------
55.90 57.00 1.10 8.33 57
---------------------------------------------------------------------------
IMH073 8886581 288860 135.30 100 -60 77.40 78.50 1.10 6.22 12
---------------------------------------------------------------------------
IMH074 8886624 288976 100.00 280 -50 63.00 69.45 6.45 20.87 50
---------------------------------------------------------------------------
IMH075 8886668 288909 180.20 100 -59 57.20 57.70 0.50 82.90 146
---------------------------------------------------------------------------
79.70 80.20 0.50 5.52 8
---------------------------------------------------------------------------
IMH076 8886688 288931 162.60 104 -66 56.20 57.10 0.90 20.50 50
---------------------------------------------------------------------------
IMH077 8886715 288965 109.70 97.5 -61 52.30 53.50 1.20 2.57 14
---------------------------------------------------------------------------
IMH078 8886715 288965 110.00 100 -70 58.70 59.60 0.90 10.75 27
---------------------------------------------------------------------------
IMH079 8886768 288975 100.7 100.5 -61 64.25 65.40 1.15 14.55 20
---------------------------------------------------------------------------
No results used in resource
IMH080 8886776 288951 165.2 99 -62 estimate
---------------------------------------------------------------------------
IMH081 8886684 288860 250 94 -62.5 186.90 187.80 0.90 2.64 16
---------------------------------------------------------------------------
IMH082 8886653 288889 130.7 97 -61 80.80 86.40 5.60 36.16 45
---------------------------------------------------------------------------



----------------------------------------------------------------------------
Hole Northing Easting EOH Azi Dip From To Interval Au Ag
No (amg) (amg) (m)(mag) (deg) (m) (m) (m) g/t ppm
----------------------------------------------------------------------------
IMH083 8886634 288825 230 97 -61.5 210.90 213.55 2.65 1.73 2
----------------------------------------------------------------------------
IMH084 8886601 288855 150 89 -61.5 106.20 108.50 2.30 10.64 30
----------------------------------------------------------------------------
IMH085 8886666 288848 200 96 -59 165.30 168.40 3.10 7.22 8
----------------------------------------------------------------------------
IMH086 8886611 288811 180 95 -50 155.6 157.2 1.6 3.91 6
----------------------------------------------------------------------------
IMH087 8886590 288824 180 100 -60 150.3 153.4 3.1 5.19 7
----------------------------------------------------------------------------
IMH088 8886654 288888 91.3 102 -63 No results used in resource
estimate
----------------------------------------------------------------------------
IMH089 8886735 288925 130 94 -62 118.5 122.05 2.05 2.71 10
----------------------------------------------------------------------------
IMH090 8886705 288883 250.5 100 -60 No results used in resource
estimate
----------------------------------------------------------------------------
IMH091 8886652 288956 75 100 -60 8.30 12.1 3.8 21.10 44
----------------------------------------------------------------------------
27.10 28.60 1.50 7.78 44
----------------------------------------------------------------------------
IMH092 8887160 289150 42.3 100 -65 34.90 35.8 0.9 6.45 22
----------------------------------------------------------------------------
IMH093 8887169 289123 70.8 100 -65 No results used in resource
estimate
----------------------------------------------------------------------------
IMH094 8886921 289092 120.1 100 -60 9.10 13.7 4.6 9.50 15
----------------------------------------------------------------------------
34.40 36.1 1.7 13.36 16
----------------------------------------------------------------------------
IMH095 8886603.1 288924.3 151.6 100 -60 32.60 33.60 1.0 8.40 27
----------------------------------------------------------------------------
IMH096 8886852.6 289001 201.4 100 -70 41.80 42.50 0.7 2.20 10
----------------------------------------------------------------------------
72.40 73.90 1.5 10.43 11
----------------------------------------------------------------------------
IMH097 8886844 289011 130.7 100 -60 No results used in resource
estimate
----------------------------------------------------------------------------
IMH098 8886796 289010 115 100 -60 45.00 46.00 1.0 8.72 34
----------------------------------------------------------------------------
IMH099 8886796 289010 130.9 100 -70 51.80 52.60 0.8 9.60 33
----------------------------------------------------------------------------
IMH100 8886876 289024 130.6 100 -50 49.90 50.45 0.55 19.88 9
----------------------------------------------------------------------------
IMH101 8886884 289012 153.4 100 -60 119.10 125.00 5.9 4.92 9
----------------------------------------------------------------------------
IMH102 8887590 289304 90.1 280 -55 15.00 16.70 1.7 23.30 10
----------------------------------------------------------------------------
IMH103 8887585 289320 94.8 280 -65 No results used in resource
estimate
----------------------------------------------------------------------------
IMH104 8887490 289310 96.1 280 -50 6.10 8.10 2.0 2.77 2
----------------------------------------------------------------------------
IMH105 8887478 289331 93.1 280 -50 No results used in resource
estimate
----------------------------------------------------------------------------
IMH106 8887402 289233 90.1 100 -50 18.20 19.10 0.9 6.08 14
----------------------------------------------------------------------------
IMH107 8887402 289233 130.4 100 -75 49.90 50.40 0.5 5.22 17
----------------------------------------------------------------------------
IMH108 8887272 289259 100.1 100 -50 No results used in resource
estimate
----------------------------------------------------------------------------
IMH109 8887272 289259 280 -60 No results used in resource
estimate
----------------------------------------------------------------------------
IMH110 8887182 289339 213.3 280 -55 No results used in resource
estimate
----------------------------------------------------------------------------
IMH111 8887197 289263 100.7 280 -55 No results used in resource
estimate
----------------------------------------------------------------------------
IMH112 8887039 289260 106.6 100 -50 No results used in resource
estimate
----------------------------------------------------------------------------
IMH113 8887170 289248 100.7 280 -50 79.70 80.50 0.8 3.65 4
----------------------------------------------------------------------------
IMH114 8887257 289271 102.3 280 -50 No results used in resource
estimate
----------------------------------------------------------------------------
IMH115 8887257 289271 81 100 -50 No results used in resource
estimate
----------------------------------------------------------------------------
IMH116 8887327 289372 100 100 -70 Not drilled yet
----------------------------------------------------------------------------
IMH117 8887327 289372 140 280 -55 Not drilled yet
----------------------------------------------------------------------------
IMH118 8886486 288801 121.9 100 -70 48.80 49.10 0.3 3.49 7
----------------------------------------------------------------------------
IMH119 8886412 288756 101 100 -75 48.00 49.90 1.9 21.01 29
----------------------------------------------------------------------------
92.00 97.10 5.1 6.55 10
----------------------------------------------------------------------------
IMH120 8886412 288756 96.1 100 -50 No results used in resource
estimate
----------------------------------------------------------------------------
IMH121 8886314 288744 100.6 100 -50 48.00 49.50 1.5 7.59 30
----------------------------------------------------------------------------
IMH122 8886314 288744 126.9 100 -70 82.10 84.50 2.4 13.17 17
----------------------------------------------------------------------------


The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy of this release.

Contact Information