Access to New Asia Gold Kampur project confirmed Source: 06-SEP-2008 Intellasia | Globe Newswire
Sep 6, 2008 - 7:00:00 AM
New Asia Gold Corp (Other OTC:NWAG.PK -News) wishes to confirm that there is good access to the Kampur Project in Indonesia that will allow its drilling programme to go ahead. Equipment will be moved into the area by large barges on the Sebuku River and on site using logging roads.
The property has existing proven reserves of 330,000 ozs of gold. Promising additional targets were identified by reconnaissance sampling programmes. Initial exploration drilling programmes proved up significant gold reserves before drilling was terminated. Drilling was terminated before many of these promising targets could be drilled. The current infill drilling programme will examine many of the promising targets as well as expand existing proven ore bodies. It is anticipated that the infill drilling programme will convert certain probable reserves to proven reserves.
New Asia Gold Corp trades in the United States on the NQB Pink Sheets under the symbol "NWAG''. For further information, please contact Nancy Goldman at (516) 962 4139 or at http://www.newasiagold.com.
NOTE:Certain statements in this press release are "forward-looking statements'' within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions and factors described in independent reports, company reports and other filings with regulatory bodies.
