Gerade per E-Mail folgende Nachricht von VG Gold erhalten:
"6.7 Metres (22.0 feet) of 7.4 Grams per Tonne Gold (0.22 Ounces per Ton) South West Zone of the Buffalo Ankerite Property, Timmins, Ontario
FOR IMMEDIATE RELEASE, October 17, 2007, Toronto, Ontario.
VG Gold Corp., (TSX-V:VG), (FRANKFURT:VN3), announces drill results from eleven exploration drill holes recently completed in the South West area of the Buffalo Ankerite Property. The drilling is testing the steeply dipping geological structure that strikes for 500 metres on the property from the Aunor Mine property. The eleven drill holes tested the structure from 200 metres (650 feet) to 1,525 metres (5,000 feet) deep. The presence of mineralization to depth in the eleven holes confirms the potential of the Buffalo Ankerite property south zones to host significant additional gold mineral inventory.
Highlights:
* VBA-07-80 assayed 3.5 grams Au per tonne over 16.1 metres including 13.7 grams Au over 1.8 metres
* VBA-07-84 assayed 7.423 grams Au per tonne over 6.7 metres including 17. 6 grams Au over 1.4 metres
* VBA-07-101 assayed 16.8 grams Au per tonne over 1.2 metres
Drilling has confirmed the presence of gold mineralization from surface to a depth of 1,525 metres (5,000 feet) and is currently ongoing at depths below 500 metres, and will continue to test to greater depths. Several neighboring mines have been developed to depths in the range of 1,700 to 2,500 metres.
-***-
VG-07-106
--------------------------------------------------
Intersection Gold
-----------------
(in Metres) Length Grams Ounces
-------------------------------------- per per
From To Metres Feet tonne ton
==================================================
1210.8 1211.6 0.8 2.6 5.1 0.15
--------------------------------------------------
1941.3 1944.6 3.4 11.2 4.5 0.13
--------------------------------------------------
including 1.8 5.9 5.9 0.17
--------------------------------------------------
VBA-07-71
--------------------------------------------------
706.7 709.4 2.7 8.9 3.4 0.10
--------------------------------------------------
including 1.4 4.6 5.2 0.15
--------------------------------------------------
VBA-07-79
--------------------------------------------------
188.7 196.1 7.5 24.6 2.5 0.07
--------------------------------------------------
325.2 326.7 1.5 4.9 3.8 0.11
--------------------------------------------------
VBA-07-80
--------------------------------------------------
227.7 230.4 2.6 8.5 2.1 0.06
--------------------------------------------------
241.1 257.3 16.1 52.8 3.5 0.10
--------------------------------------------------
including 5.4 17.7 5.9 0.17
--------------------------------------------------
including 1.8 5.9 13.7 0.40
--------------------------------------------------
VBA-07-81
--------------------------------------------------
206.7 208.8 2.1 6.9 4.0 0.12
--------------------------------------------------
including 0.9 3.0 5.9 0.17
--------------------------------------------------
310.6 311.4 0.9 3.0 4.3 0.13
--------------------------------------------------
VBA-07-82
--------------------------------------------------
187.3 188.5 1.2 3.9 4.8 0.14
--------------------------------------------------
VBA-07-83
--------------------------------------------------
191.9 199.1 7.3 23.9 2.5 0.07
--------------------------------------------------
including 1.2 3.9 5.3 0.16
--------------------------------------------------
334.5 335.4 0.9 3.0 3.2 0.09
--------------------------------------------------
360.3 361.3 1.0 3.3 4.9 0.14
--------------------------------------------------
VBA-07-84
--------------------------------------------------
204.9 217.9 13.0 42.6 5.8 0.17
--------------------------------------------------
including 6.7 22.0 7.4 0.22
--------------------------------------------------
including 1.4 4.6 17.6 0.51
--------------------------------------------------
VBA-07-85
--------------------------------------------------
210.6 227.2 16.6 54.4 1.5 0.04
--------------------------------------------------
including 2.9 9.5 4.6 0.13
--------------------------------------------------
344.4 347.7 3.3 10.8 3.9 0.11
--------------------------------------------------
including 1.4 4.6 5.2 0.15
--------------------------------------------------
VBA-07-100
--------------------------------------------------
217.0 218.1 1.1 3.6 3.4 0.10
--------------------------------------------------
224.0 227.4 3.4 11.2 2.3 0.07
--------------------------------------------------
348.6 349.7 1.1 3.6 3.8 0.11
--------------------------------------------------
VBA-07-101
--------------------------------------------------
354.2 355.4 1.2 3.9 1.7 0.05
--------------------------------------------------
367.6 368.8 1.2 3.9 16.8 0.49
--------------------------------------------------
-****-
Notes:
* Lengths reported are core intersection lengths and do not represent true widths.
* It is anticipated that true width estimates will be made possible after additional drilling.
* Conversion: grams per tonne times 0.0292 equals troy ounce per short ton.
The Buffalo Ankerite property saw historical production of 1,018,000 gold ounces between 1926 and 1953 (Ontario Ministry of Northern Development and Mines, Buffalo Ankerite & Ankerite March listings). The property continues to hold significant potential to explore and develop both surface mineable and deeper, down dip gold mineralization. Records of historic underground workings and drilling indicate good potential to expand gold mineralization on the property. Known gold mineralized stratigraphy crosses the Buffalo Ankerite property for a strike length of 2,000 metres which is located within the 6,000 metre length of the regional geological structure, known as the south limb of the Porcupine syncline. The Porcupine Gold Camp has produced more than 60 million ounces of gold to date (source: Ontario Ministry of Northern Development and Mines).
The summer / fall drill program intersected mineralized quartz-tourmaline breccia zones which are recognized as host rocks for ore in the prolific Timmins Gold Camp, and all of the drill holes intersected gold values. Our targets are in the area of the historic production on the Buffalo Ankerite property where we are exploring the extensions of, and adjacent to, the previously mined areas.
All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for VG Gold, who has reviewed this press release. Samples collected by VG Gold were assayed for gold by Laboratoire Expert in Rouyn-Noranda, Quebec. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 1.0 gram per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance program (QA/QC) is in place, using control samples such as Blanks and Rocklabs Standards and duplicate checks. In addition, duplicate analyses of 10% of the samples were corroborated by check assays on samples performed by Bourlamaque Laboratory of Val d'Or, Quebec.
For further information contact:
Tom Meredith
President of VG Gold
Tel (416) 368-0099
To learn more about VG Gold (TSX-V:VG), visit our website: www.vggoldcorp.com. A map of the Company's recent drilling can be found at cmpgnr.com/...w%2evggoldcorp%2ecom%2fdrilling2%2ehtml&g=0&f=-1
Shares: 86,201,014
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release"
Auf gehts! Ab nach Norden mit dem Kurs!
Zurück
