Newmarket Gold Announces Further High-Grade Drill Results and Record Monthly Production at the Fosterville Gold Mine - Seite 3

"Record high grade, visible gold mineralization intercepted at the Harrier Base resource target confirms the potential for Harrier to provide a high-grade, independent mining front in addition to the current Lower Phoenix South mining area. The Lower Phoenix North resource target area also continues to return exceptional results and continues to grow the resource potential of this third potential mining front area towards the north and closer to surface. We continue to invest in Fosterville with a total of 91,980m of growth and definition drilling completed to date in 2016 using 9 drill rigs. Exploration success since the start of the year on the Phoenix, Lower Phoenix, and Harrier South gold systems targets continue to support our view to expand Measured and Indicated Mineral Resources through continued targeting of the plunge extensions of these high-grade structures."

2016 Underground Exploration Programs at Fosterville Gold Mine

Lower Phoenix Gold System Underground Resource Definition Drilling Program

Since the September 20, 2016 Newmarket News Release, drilling from four diamond drill rigs has continued to focus on resource definition and understanding of multiple gold targets including the Lower Phoenix Footwall (LPFW) and Eagle Faults. Reported drill results from nine holes (3,637m) are from intercepts through the Lower Phoenix Footwall and Eagle resource target areas outside of the December 31, 2015 Measured and Indicated Mineral Resources. Mining production continues on the upper-plunge areas of the Lower Phoenix gold system structures including the high-grade Eagle Fault, which have largely contributed to an October record gold mill grade of 8.18 g/t at Fosterville.

All drill assay intercepts are provided in Table 1 and drill collars in Table 2.

Lower Phoenix Footwall Structures

A total of six drill holes intercepted significant gold mineralization associated with Lower Phoenix Footwall Structures. The most significant mineralization contains visible gold and occurs in a newly discovered west dipping lode as reported on the September 20, 2016 Newmarket News Release, where new drilling results include 550 g/t Au⁽¹⁾ over 3.75m (ETW 3.5m) in hole UDH1278 (Including 4,592 g/t Au⁽¹⁾ over 0.4m [ETW 0.3m]), 203 g/t Au⁽¹⁾ over 8.55m (ETW 2.4m) in hole UDH1740 (Including 1,521 g/t Au⁽¹⁾ over 1.0m [ETW 0.28m]), 27.37 g/t Au⁽¹⁾ over 20.1m (ETW 2.8m) in hole UDH1818 (Including 66.8 g/t Au⁽¹⁾ over 6.3m [ETW 0.9m]) and 36.8 g/t Au⁽¹⁾ over 2.25m (ETW 2.25m) in hole UDH1727 (Figure 2).