True North results prove encouraging

Newmont Gold (NGC-N) and its 35% partner, La Teko Resources (LAORF-Q), have completed summer drilling at the True North gold deposit in the Fairbanks district of Alaska.

The more than 80 holes drilled continued to intersect mineralization in the Central zone, between the Hindenburg and Shepard zones. The contiguous mineralized structure covers an area 5,000 ft. long and up to 2,000 ft. wide.

The deposit is open in all directions.

La Teko believes the deposit contains greater than 2 million oz. gold.

In addition to the drilling, four crews are continuing to cover the 6,000-acre property with a soil geochemical survey, the results of which have already identified two new anomalies.

Highlights from the drilling are listed below.

Hole	Interval(ft.)	Thickness(ft.)	Gold(oz./t)
287	35-70	35	0.053
	85-110	25	0.073
	130-165	35	0.172
288	0-90	90	0.019
	120-135	15	0.082
294	60-113	53	0.094
315	0-20	20	0.092
	85-135	50	0.885
316	0-10	10	0.037
	95-175	80	0.131
317	0-30	30	0.033
	150-185	35	0.082
332	10-57	47	0.184
345	68-90	22	0.200
	117-133	16	0.158
347	90-129	39	0.074
	154-169	15	0.179
355	46-51	5	0.056
	100-123	23	0.120
	198-206	8	0.115
358	67-107	40	0.099
	152-176	24	0.119
359	20-54	34	0.204
361	70-99	29	0.118
378	9-43	34	0.135
384	42-55	13	0.456
386	0-53	53	0.101