VG Gold drills eight m of 18.8 g/t Au at Paymaster West
2010-09-13 08:33 ET - News Release
Mr. Tom Meredith reports
VG GOLD EXPANDS MINERALIZATION BY 150 METRES DRILLS 18.8 GPT GOLD OVER 8.0 METERS (0.55 OZ OVER 26.2 FEET) INCLUDING 89.3 GPT OVER 1.60 M, PAYMASTER WEST PROJECT, TIMMINS ONTARIO
VG Gold Corp., (TSX: VG)(FRANKFURT: VN3)(OTCQX: VGGCF) is pleased to announce additional results, including a significant new hole from the Paymaster West Property located in Timmins. This intersection returned 18.8 grams per tonne (gpt) gold over 8.0 meters (m), including 89.3 gpt gold over 1.60 m. The Paymaster West Project is situated next to Goldcorp's Dome Mine, which has produced 17 million ounces of gold.
HIGH-GRADE EXPANDS PAYMASTER WEST PORPHYRY GOLD MINERALIZATION
PAYMASTER WEST DEPOSIT IS BOTH OPEN TO THE EAST AND OPEN TO DEPTH
Near surface 18.8 gpt gold over 8.0 meters at 89.6 metres down hole (60 metres vertical depth) in hole VGP-10-87
Drilling to define an open pit resource continues to encounter significant results from the Paymaster West Project. As drilling progresses to the east and closer to Goldcorp's Dome Mine, VG Gold's exploration has been intersecting encouraging gold mineralization. This most recent result is significant because it starts at a vertical depth of only 60 metres (200 feet) below surface and the zone remains open to the east. The hole successfully extended the mineralization along strike by over 150 meters (500 feet) to the east. The intercept occurs within the main porphyry zone, which is the primary target of VG Gold's drilling. |
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