VG Gold drills 1.5 m of 72.07 g/t Au at Buffalo
2008-09-30 16:26 ET - News Release
Mr. Tom Meredith reports
72.07 GRAMS PER TONNE GOLD OVER 1.50 METRES (2.104 OZ. OVER 5.0 FEET) AT THE BUFFALO ANKERITE PROPERTY, TIMMINS, ONTARIO
VG Gold Corp. has released drill results from four exploration drill holes recently completed at depth in the South Mine area of the Buffalo ankerite property. The results continue to confirm gold mineralization at the South Mine area of the Buffalo ankerite property, with the best result coming from mineralized porphyry situated at depth.
Highlights:
* VBA-08-108 assayed 12.45 grams per tonne gold over 9.1 metres, including 72.07 grams per tonne Au over 1.5 metres.
* VBA-08-110 assayed 12.1 grams per tonne Au over 1.5 metres.
Four drill holes tested east-west-trending gold zones that are located in the east area of the Buffalo ankerite property's South Mine area. The high-grade assay in hole 108 was intersected in a highly altered quartz-feldspar porphyry. A large porphyry body lies at depth from 1,000 to over 2,500 metres below surface. The porphyry is known to extend for at least 600 metres east-west and 600 metres north-south, with thickness of up to 300 metres. Porphyry bodies are a well-documented source of gold mineralization for the major gold deposits in the Timmins camp at the Hollinger, McIntyre and Dome mines where the combined gold production to date from these three mines has exceeded 40 million ounces of gold (MNDM website). |
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