NGG finished 16.9% up, on more than 7 times average daily...

NGG finished 16.9% up, on more than 7 times average daily volume.

Here's why -


New Guinea Gold Corporation-18m at 22.60 g/t Gold: 12m at 25.66 g/t Gold and 19m at 19.02 g/t Gold in Grade Control Drilling at Sinivit Project
Thursday April 5, 11:37 am ET
Gold Production to begin in April


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 5, 2007) - New Guinea Gold Corporation ("NGG") (TSX VENTURE:NGG - News) continues to define high grade, near surface gold, at the Sinivit Project, Papua New Guinea. NGG has an effective 92% interest in the Project.
Gold assays have been received for the initial program of grade control drilling completed within and across the Southern Oxide Pit area at Sinivit. Assays have been received from fifty-nine reverse circulation drill holes, each approximately 30m in length, that were completed along drill section lines spaced approximately six metres apart.

The drilling program covers a strike length of approximately 100 metres extending from 9780N through to 9876N. The better results are summarised below:




Sinivit Grade Control Summary Assay Data

----------------------------------------------------
Interception
Hole From To Length Gold
Number (m) (m) (m) (g/t)
----------------------------------------------------
SGC 0004 10 30 20 2.37
----------------------------------------------------
SGC 0008 8 20 12 2.45
----------------------------------------------------
SGC 0015 0 12 12 5.93
----------------------------------------------------
SGC 0023 10 20 10 10.17
----------------------------------------------------
SGC 0025 0 10 10 7.13
----------------------------------------------------
SGC 0029 2 20 18 22.60
Incl. 14 16 2 60.6
----------------------------------------------------
SGC 0031 4 16 12 25.66
Incl. 6 8 2 64.7
----------------------------------------------------
SGC 0032 0 10 10 9.84
----------------------------------------------------
SGC 0033 20 28 8 6.88
----------------------------------------------------
SGC 0046 18 30 12 8.52
----------------------------------------------------
SGC 0042 6 25 19 19.02
Incl. 18 20 2 60.1
----------------------------------------------------
SGC 0039 0 8 8 7.43
----------------------------------------------------
SGC 0040 4 8 4 26.47
----------------------------------------------------
SGC 0043 12 24 12 10.95
----------------------------------------------------
0 20 20 4.04
SGC 0044 22 28 6 10.22
----------------------------------------------------

Note: The intervals above use a 0.5g/t gold cutoff, no
high grade top cut has been applied


Complete assay results and hole location data for all 59 holes are attached as an appendix.

Bob McNeil CEO of NGG stated: "These results are quite exciting and much higher than results from earlier resource definition drilling. They correspond to the sub-surface extensions of trench results, such as 13m at 13.5g/t gold, released on 15th February 2007. The new drill results represent the best drill results encountered at Sinivit and all are near surface. These drill results correspond with original resource drilling results illustrated on Resource Outline Sections 9822N, 9845N, and 9864N (see sections under Sinivit Project, www.newguineagold.ca). There appears to be several times the amount of gold present in the new drill holes than in the original resource drill holes. For example the original intersections used on the resource estimate on Section 9845N were: 4m at 9.41g/t gold, 2m at 1.03g/t gold, 4m at 1.8g/t gold and 5m at 2.65g/t gold. The new intersections on Section line 9840N included 12m at 25.66g/t gold and 10m at 9.88g/t gold. All intersections on these lines are shown in the appendix. On section 9864N the best result in the original drilling was 14m at 9.75g/t gold whereas in this phase of drilling 19m at 19.02g/t gold was intersected.

Of the two trenches completed at the central and northern zones, the central zone width of 30m at 2.54g/t gold is particularly encouraging.

The high grade oxide gold mineralisation confirmed by the drilling will be accessed during the start up of open pit mining at the southern oxide zone, allowing early treatment of high grade gold mineralisation".