$5 Million Exploration Program Underway at Sleeper.LONGUEUIL, Quebec This article is about the central municipality of Longueuil. For the agglomeration city, see Urban agglomeration of Longueuil. Longueuil (English pronunciation [lɑŋˈgɔɪ] -- New Sleeper Sleeper Stock in which there is little investor interest but that has significant potential to gain in price once its attractions are recognized. Antithesis of high flyer. Gold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:NWS NWS National Weather Service NWS Naval Weapons Station NWS New World Symphony NWS Nuclear Weapon State NWS Not Work Safe NWS National Watercolor Society NWS North Warning System NWS Nose Wheel Steering NWS National Waste Strategy (UK) ) and X-Cal Resources Ltd. (TSX:XCL) The Sleeper Joint Venture Technical Committee has approved an initial $US 5 million Work Program for 2005. The Sleeper Joint Venture partners, New Sleeper Gold Corporation (TSX-V:NWS) (50%) and X-Cal Resources Ltd. (TSX:XCL) (50%) are aggressively exploring the 30 square mile Sleeper Gold Project located in Humboldt County, Nevada Humboldt County is a county located in the U.S. state of Nevada. In 2005, its estimated population was 17,129. Its county seat is Winnemucca6. The county was the site of an arrest in 2000 that led to the U.S. Supreme Court decision Hiibel v. . Currently, two drills are on site and operating. An initial 55,000 feet of core and reverse circulation (RC) drilling has been approved as part of the 2005 exploration program. Half of this approved drilling footage is discretionary and will be allocated as results determine. The Joint Venture's 2004 exploration program included geochemical surveys, a variety of geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. , sampling and mapping in addition to 75,000 feet of core and RC drilling.Significant drilling results and exploration target maps are available on New Sleeper Gold Corporation's web site at http://www.newsleepergold.com and on X-Cal Resources Ltd. web site at http://www.x-cal.com. The Exploration Team will be utilizing this expanded Sleeper database for targeting the 2005 work program. The targets in the 2005 program include the Range Front Fault target area, located east of the Sleeper Pit where the Sleeper Volcanics contact the adjacent sediments.Other targets to be followed up include extensions to the north and south of the Sleeper mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , Bedrock Casino, and a number of other targets in the vicinity of the Sleeper Pit.In order to evaluate and rank targets a range of different geological, geophysical and geochemical methods are being used as well as integration of the large database from previous work on the property. Drilling will also be carried out on the Alma, Electrum electrum Natural or artificial alloy of gold with at least 20% silver, used to make the first known coins in the Western world. Most natural electrum also contains copper, iron, palladium, bismuth, and perhaps other metals. and Mohawk targets which lie 3 miles to the south west of the Sleeper Pit. The West Wood targetis currently being modeled. Four new drill holes are currently being drilled to follow up on the high grade gold mineralization encountered in the 2004 program. Results of the 2005 work program will be reported throughout the year in accordance with NI-43-101 guidelines. Quality Assurance The Sleeper Joint Venture has put in place a rigorous QA/QC QA/QC Quality Assurance/Quality Control program consistent with National Instrument 43-101 and using best industry practice. A manual outlining the QA/QC procedures for the Sleeper Project was compiled at the beginning of the 2004 drilling program.A draft of the QA/QC program plan being implemented by New Sleeper Gold was reviewed and accepted by Qualified Persons at Mine Development Associates of Reno, Nevada, a well-known consulting mine engineering services company.Elements of the JV's QA/QC program include chain of custody The movement and location of physical evidence from the time it is obtained until the time it is presented in court. Judges in bench trials and jurors in jury trials are obligated to decide cases on the evidence that is presented to them in court. of samples, standard and blank samples submitted to American Assay & Environmental Laboratories, Reno, with each batch of samples and a check assay program on a proportion of sample pulps with a second laboratory.Results from the QA/QC program have to date been satisfactory. Qualified Person Mr. Adrian Fleming, New Sleeper Gold Corporation's qualified person as required under NI 43-101 has reviewed the technical information contained in this press release.Mr. Fleming is the Exploration Manager of New Sleeper Gold LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the operator of the Joint Venture. Additional Information New Sleeper Gold Corporation is a gold exploration company with a 50% interest in the Sleeper gold project in Nevada. New Sleeper's shares trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (TSX-V) under the symbol "NWS".Additional information including New Sleeper Gold Corporation NI 43-101 Technical Report and previous press releases can be downloaded from its web site. X-Cal Resources Ltd. is a gold exploration company with a 50% interest in the Sleeper gold project and a 100% interest in the Mill Creek Mill Creek is an ambiguous placename used in the United States and Canada: Communities In California:
Caution Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release contains certain "forward-looking statements" including, but not limited to, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc interpretation of drilling results and potential mineralization, future exploration work at Sleeper and the expected results of this work.Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Sleeper project; uncertainties involved in the interpretation of drilling results and other tests; the possibility that required permits may not be obtained in a timely manner or at all; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Sleeper Joint Venture operations or from prior mining operations on the Sleeper site.For a more complete discussion of these and other risk factors, please refer to the "Risk Factors" section in the Filing Statement filed by New Sleeper Gold Corporation on March 19, 2004 on the Sedar web site and accessible at www.sedar.com. Forward-looking statements contained in this release are based on the beliefs, estimates and opinions of the Sleeper Joint Venture's management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. New Sleeper Gold and X-Cal Resources undertake no obligation to update these forward-looking statements management's beliefs, estimates or opinions, or other factors, should change. This news release has been authorized by the undersigned un·der·signed adj. 1. Having signatures or a signature at the bottom or end. Used of documents. 2. Signed or having signed at the bottom or end of a document: on behalf of New Sleeper Gold Corporation and X-Cal Resources Ltd. respectively. NEW SLEEPER GOLD CORPORATION (TSX VENTURE:NWS) X-CAL RESOURCES LTD. (TSX:XCL) |
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