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PNG Gold Corporation announces diamond drill hole results

Thursday, Nov 29, 2012

 PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) is pleased to report drill core assay results and recent geological modelling from its 2012 exploration program at the Imwauna Structure, located on Normanby Island, Milne Bay province, in eastern Papua New Guinea.

Three diamond drills are currently on site with a fourth arriving next month. The Company has planned to complete 21 additional holes totalling 4,665 metres on the Imwauna Structure by December, 15, 2012 with plans to continue drilling over the holiday season.

The assay results from these four drill holes disclosed in this press release show encouraging results as they begin to support the geological model. Geological modelling has identified moderate south plunging, high grade gold zones along the Imwauna Structure. Attached to this news release is a diagram showing a grade x thickness longitudinal section along the Imwauna Structure, with the Henry and Klink Zones identified. Drilling is now underway in these zones to trace the mineralization to depth.

Source: Marketwire

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