Welcome!

News Feed Item

Newport Exploration Ltd.: Update on Oil & Gas Royalties in Australia and Metallurgical Results for Chu Chua

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/29/14 -- Mr. Ian Rozier, President of Newport Exploration Ltd. ("Newport" or the "Company") (TSX VENTURE: NWX), is pleased to provide information with respect to the operators on permits in Australia that are subject to the Company's oil and gas royalty interests and an update on metallurgical work conducted on core from the Chu Chua copper-gold project in British Columbia.

Oil and Gas Royalty Interests, Australia

As disclosed in financial statements and reported in various news releases since September 2002, the Company holds a 2.5% overriding royalty on several oil and gas permits in the Cooper Basin in Australia. These permits are being operated variously by Drillsearch Energy Limited ("Drillsearch") (www.drillsearch.com.au), Beach Energy Ltd. ("Beach") (www.beachenergy.com.au), and by Santos Ltd. ("Santos") (www.santos.com), with the most active permits currently being PEL 91 and PEL 106. The Company received royalty payments of Cdn$3.834 million dollars for the first quarter of 2014.

The royalties are all non-operating interests and the Company consequently cannot speculate on production, development plans, or potential revenues. Interested shareholders and potential investors are encouraged to access the information released independently by Drillsearch, Beach and Santos, which are all major Australian oil and gas exploration and production companies.

All royalty payments received by the Company will continue to be reported in our financial statements.

Chu Chua, British Columbia

The initial resource estimate for the Chu Chua deposit was reported in a News Release dated June 26th, 2012, and a NI 43-101 Technical Report was filed on SEDAR on August 16th, 2012. A preliminary metallurgical testing program was reported in a New Release dated October 10th, 2013. Initial metallurgy tests completed by ALS Metallurgy, Kamloops, BC ("ALS"), reported that copper recoveries for the base case rougher test were 58.5%, with poor chalcopyrite-pyrite liberation at a course 152 micron (um) grind size. Five additional rougher tests at increasingly finer grind sizes (down to 51 um) and variable pH reported much improved copper recoveries to a maximum of 92.2%; with gold and silver recoveries of 35.5% and 61.3%, respectively (51 um grind size and pH 12 test parameters). A single preliminary cleaner floatation test utilizing a 16 um re-grind of the rougher concentrate produced a 22.4% copper concentrate. Further metallurgical tests will be conducted in an effort to improve further on pyrite selectivity and increase cleaner flotation concentrate copper grades.

Mr. Kris Raffle, P.Geol., of APEX Geoscience Ltd. is the Qualified Person who reviewed the scientific and technical information with respect to the Chu Chua project contained in this News Release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the contents of this news release.

Contacts:
Newport Exploration Ltd.
Barbara Dunfield
Director and Chief Financial Officer
604-685-6851
604-685-6493 (FAX)
[email protected]
www.newport-exploration.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Suzuki Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Suzuki Inc. is a semiconductor-related business, including sales of consuming parts, parts repair, and maintenance for semiconductor manufacturing machines, etc. It is also a health care business providing experimental research for...
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
Many organizations adopt DevOps to reduce cycle times and deliver software faster; some take on DevOps to drive higher quality and better end-user experience; others look to DevOps for a clearer line-of-sight to customers to drive better business impacts. In truth, these three foundations go together. In this power panel at @DevOpsSummit 21st Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, industry experts will discuss how leading organizations build application success from all...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?