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Feb 22, 2005
Update on Mulga Tank Nickel Prospect, Western Australia
Mr. Ian Rozier, President of Newport Exploration Ltd. (the "Company"), is pleased to report that an extensive exploration program is underway at the Mulga Tank nickel prospect in Western Australia ("Mulga Tank").
Results from the orientation soil geochemical survey were extremely encouraging and the Company has embarked on a more detailed survey over the target area. All gridding has been completed and an I.P. program commenced on Saturday 15th February. Initial data processing suggests a major I.P. anomaly on the first I.P. line 200m north of the southern contact. The results of the detailed soil geochem work, combined with the results of the I.P. survey will enable more accurate drill targets to be identified on the basis of coincident soil and I.P. anomalies.
The exploration work to be conducted at Mulga Tank during 2005 is based on the recommendations made by Mr. Noel Sheppy, B.Sc., M.Aus I.M.M., Senior Consulting Geologist for CSA Australia Pty Ltd., who has been involved in the exploration, discovery and development of other nickel deposits in Western Australia. CSA's geological report suggests that Mulga Tank comprises a large disseminated nickel target with clear similarities to the Mt. Keith deposit. The main disseminated target body identified to date at Mulga Tank has dimensions of approximately 4700m by 3200m (some 5 times larger than the mineralized body at Mt. Keith: 1800 X 1500m).
A further news release will be made summarizing the results of the I.P. program when complete, and on the commencement of drilling at Mulga Tank.
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