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Apr 29, 2005
I.P. Results Indicate Massive Sulphide Targets at Mulga Tank. - Diamond Drilling Scheduled for June, 2005
Mr. Ian Rozier, President of Newport Exploration Ltd. ("the Company") reports that the results of the recently completed I.P. Program over the Mulga Tank nickel prospect in Western Australia have been collated and interpreted by Peter Smith of Global Geoinfo, Fremantle, Western Australia. The interpretation of data has identified drill targets similar to those associated with high grade massive sulphides deposits rather than with disseminated deposits which had formerly been the target model of Mulga Tank.
The objective of the geophysical program was to test for a disseminated Mt. Keith type orebody through a deep penetrating I.P. program covering the broad extent of the large magnetic anomaly and ultramafic unit at Mulga Tank. The Offset Pole - Diphole I.P. configuration was selected to avoid signal amplitude problems with such a large anomaly and allowed for the generation of time resistivity and I.P. depth sections to 600m. Five lines were surveyed across the Mulga Tank magnetic anomaly at 800m spacing, each line read using a 12 channel receiver array with diphole spacing of 100m. The quality and repeatability of the data was excellent and the data generated increased I.P. response at depth across a number of sections.
The identified anomalies lie beneath a flat lying ultramafic unit of between 200-300m thick and are coincident with shallow R.C. drill anomalies identified previously by B.H.P. The anomalies are more consistent with flat lying 'pooling' of massive sulphides which at Mulga Tank may represent high grade nickel-sulphide targets. These massive sulphide targets will be the subject of a 1500m diamond drill program designed to test the key targets to a depth of approximately 450m. Wallis Drilling of Kalgoorlie, Western Australia have been contracted to conduct the drill program which is scheduled to commence in June.
The identification of massive sulphide targets is regarded by the Company as being a very exciting development at Mulga Tank. The Company is well financed and able to meet all its work commitments at Mulga Tank through 2006.
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