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TORONTO, ON - NWM Mining
Corporation (the �Company� TSX-V: NWM) is pleased to announce that it
has commenced diamond drilling on the Gold Ridge target at its 100%
owned Lluvia de Oro mine. The target at
Gold Ridge is an igneous quartz porphyry body defined by soil and
surface rock samples with gold assay values up to 2,400 ppb (parts
per billion) or 2.4 g/t Au and 5.32 g/t Au, respectively. The area
defined by anomalous gold values for soil and rock geochemistry is
more than 1,200 meters long and 260 meters wide, and is situated
close to the Lluvia Dos leach pad, which is
currently under construction. The favourable
rocks are believed to dip toward the east and northeast, and will not
affect the new leach pad area.
Results of two core holes
originally drilled as condemnation holes on the north end of Gold
Ridge (holes: L11-066 and L11-067), have returned favourable
assay results, as set forth in the tables below. Drill hole L11-066
was collared in the quartz porphyry host rock and drilled this lithology to 14.9 meters. The interval returned a
weighted average gold grade of 0.423 g Au/t over 14.9 meters. Hole L11-067 drilled Lluvia
sedimentary rocks from surface to 110 meters and encountered quartz
porphyry host rock from 111.2 to a depth of 152.9 meters. The top
17.0 meters of the quartz porphyry intersection returned a weighted
average gold grade of 0.346 g Au/t. These two intercepts represent
vertical true widths of mineralization on the northern-most part of
the quartz porphyry body that has been drilled to date and is still
open along strike.
A program of 43 air track
holes was completed along the crest of Gold Ridge for a total of
1,075 meters of drilling. Percussion holes #3 through #40 were
drilled into the quartz porphyry host rock to a depth of 25 meters.
Ten percent of the drill samples of 3.4 to 3.6 meters each returned
gold values in excess of 0.20 g Au/t, with gold values up to 1.99 g
Au/t over 3.6 meters.
The air track drilling
identified a length of 630 meters along the crest of Gold Ridge to
have the highest gold values. This area is now the principal
target of diamond drilling.
Gold Ridge constitutes a
potentially significant upside addition to the mineral resource total
for Lluvia-Jojoba. The target area is
large, with rocks that have a more uniform distribution of
mineralization than the sediment-hosted mineralization commonly found
in the Lluvia de Oro structurally
controlled mineralization.
All drill samples are obtained
under quality controlled conditions with duplicate, blank and
standard samples inserted in the sample string for quality assurance
purposes. Sample procedures and QA/QC for the data are mandated and
reviewed by the Company�s Qualified Person. Drill samples are submitted
under appropriate security controls to the ISO 9001:2000 certified
laboratory of ALS-Chemex in Hermosillo,
Sonora for sample preparation, and final analysis by ALS-Chemex in North Vancouver, B.C.
This press release has been
prepared by Rodney A. Blakestad, C.P.G., Qualified Person.
Additional information about
NWM can be found on the NWM website at www.nwmcorp.ca or on SEDAR at www.sedar.com.
For further information,
please contact NWM Mining Corporation at (416) 364-6799.
Neither the 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 of this release.
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