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Nov 28, 2007
Update On Mulga Tank, W. Australia
Mr. Ian Rozier, President of Newport Exploration Ltd. (the "Company") reports on initial results from the drill program aimed at the evaluation of the potential for uranium anomalism at the Mulga Tank project in Western Australia.
The drilling program at Mulga Tank commenced, but a combination of limited availability of suitable drilling equipment and difficult ground conditions resulted in the program being reduced in scope. The first traverse of five holes was sited across the central portion of the main, northern conductive zone as identified from the Tempest airborne geological survey. Due to drilling problems which occurred as a result of encountering running sands and indurated siltstone in the front five holes, other holes were sited on seven other traverses across both anomalous zones. No radioactive material has been returned from any of the holes.
At this time it is apparent that the future of the Mulga Tank project is in the nickel exploration potential in the peridotile/dunite as identified in two vertical diamond holes drilled in 2005 by the Company and the Company is reviewing its options on how to proceed on this basis.
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