Announcement 6...

Announcement 6 Oct:
http://sa.iguana2.com/cache/e60bc485eb48464f84f1bb8b87d4763d/ASX-NWR-428993.pdf

Extract:
"JORC Resource and Current Drilling Programme Update
JORC Resources

"This year, Northwest has committed substantial resources to preparing initial JORC compliant resources for its Nullagine gold projects whilst maintaining an aggressive field exploration programme. These efforts have been undertaken in an environment of exploration industry constraints familiar to most junior explorers, in particular the availability of senior geologists and the
accessibility of assaying services and technical assistance.

Northwest is currently well advanced in completing a preliminary JORC resource estimate for its Nullagine gold projects. All resource drilling has now been completed and Northwest’s exploration team is currently working with the company’s independent consultant to finalise the JORC resources.


Northwest now expects to announce JORC estimates for underground and open cut resources in early November.


A number of positive results have given Northwest the opportunity to expand the resource estimate to include the Blue Spec deposit, in addition to Green Spec, Golden Spec and the Camel Creek deposits.

Northwest’s use of staged economic evaluation throughout resource development programmes will ensure that the company’s resources will have much higher resource/reserve conversion rates than current industry averages.

Between listing in December 2004 and the end of this year, Northwest will complete over 57,000m of RC drilling and 5,000m of diamond drilling. In addition, extensive structural mapping campaigns and geochemical programmes have been completed over key project areas – generative activities which
successfully led to the discovery of the Red Ribbon Shear this year.

Northwest is confident that the results of drilling and other generative exploration activities this year
will be fully realised in 2007 through new high-grade gold discoveries and sustained resource growth
at Northwest’s Blue Spec Shear project.

Current 18,000m RC drilling programme
As previously announced to the market, Northwest commenced an 18,000m RC exploration drilling
programme on 31 August. The programme is directed at a series of exciting new high-grade gold targets identified along both the Blue Spec Shear and the newly discovered Red Ribbon Shear (see map on the following page).

Approximately 4,500m of drilling has now been completed over five of these high-priority targets. Northwest expects drilling to continue through to early December this year and anticipates that first results from the current programme will be released to the market in November".

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COMMENT: Of great importance is their extension of tenements:

"Northwest adds to its advanced Blue Spec Shear gold-antimony project and strengthens regional Nullagine position:
http://sa.iguana2.com/cache/9eb8f4f06e7a833a58a4c63cb60fb2c2/ASX-NWR-410175.pdf

COMMENT: Locking in more very promising ground: see map on page 2.
"Northwest’s Managing Director, John Merity said: “We are very excited to have access to this new ground where we have already identified a number of high quality targets. The structure of the deal gives Northwest the right to purchase the tenements and maximum exploration flexibility through complete discretion as to the amount and timing of exploration expenditure.”

"It is significant that several of the anomalies lie on areas of structural complication along the interpreted parallel shear zones. Ongoing generative work has also highlighted several other coincident features associated with these discrete conductive anomalies justifying Northwest’s interest in these targets".

"In additional to its gold potential, the Exploration Licence has both diamond and base metal potential. Northwest will evaluate all high-value mineral potential within this strategic tenement, while maintaining a primary focus on the development of its gold and antimony projects".


Gerry
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