La Ronge Gold Corp.: Strong Mineralized Intercepts Continue to Expand Preview SW Deposit
20 März 2013 - 7:15PM
Marketwired Canada
La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") -
HIGHLIGHTS
-- PR13-155 drilled 1.60 grams per tonne of gold (g/t Au) over 31.14 metres
(m)
-- PR13-156 drilled 8.96 g/t Au over 4.56 m, and 2.41 g/t Au over 14.62 m
-- PR13-158 drilled 2.31 g/t Au over 33.50 m, and 3.22 g/t Au over 10.16 m
-- Preview A and Preview North Prospects, located 430 m and 2,620 m
northeast, respectively, from Preview SW, have been also drilled.
Preliminary indications are that both the Preview A and Preview North
Prospects are hosted in the same corridor of sheared diorite that hosts
the Preview SW Deposit
-- Winter drilling program now complete with a total of twenty (20) drill
holes totalling 4,113 m
-- All the drill holes released to date confirm Preview SW Gold deposit is
open for expansion in all directions
-- Engineering and Environmental studies are underway on the Preview SW
gold deposit
La Ronge Gold Corp. has received assays from seven additional drill holes from
its Preview Property located in north-central Saskatchewan. These holes were
drilled on the northeast and western margins of the Preview SW gold deposit,
testing for extensions of mineralization outside the current resources. PR13-158
was drilled in the centre of the deposit to more closely delineate the geometry
of mineralization, and PR13-157 was drilled at the western limit of the deposit.
The Company has also completed holes on Preview A and Preview North prospects,
which are located 430 m and 2,620 m, respectively, northeast of the Preview SW
gold deposit, and is awaiting results. Geologists have noted favourable rock
types in the drill core at Preview A and Preview North.
A summary of the drill results is given in the table below.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole # Au (g/t) Width (m) From (m) To (m)
----------------------------------------------------------------------------
PR13-152 1.74 2.04 134.83 136.87
1.26 7.03 145.26 152.29
7.83 2.50 279.30 281.80
----------------------------------------------------------------------------
PR13-153 2.37 2.89 82.00 84.89
1.88 4.00 141.00 145.00
----------------------------------------------------------------------------
PR13-154 12.94 1.35 69.30 70.65
1.20 5.50 101.00 106.50
1.39 5.40 147.10 152.50
1.68 1.35 223.07 224.42
----------------------------------------------------------------------------
PR13-155 1.79 8.75 102.09 110.84
including 21.33 0.62 102.09 102.71
3.22 5.09 119.96 125.05
1.60 31.14 136.00 167.14
including 4.02 6.10 136.00 142.10
----------------------------------------------------------------------------
PR13-156 1.87 9.60 129.22 138.82
including 6.01 1.55 137.27 138.22
8.96 4.56 176.85 181.41
2.41 14.62 219.90 234.52
----------------------------------------------------------------------------
PR13-157 NSV
----------------------------------------------------------------------------
PR13-158 1.43 6.50 31.50 38.00
1.09 3.85 50.50 54.35
2.31 33.50 61.50 95.00
including 7.00 6.30 68.70 75.00
3.22 10.16 133.00 143.16
including 48.00 0.60 142.56 143.16
1.25 9.80 157.00 166.80
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Results from previously drilled holes of the program (PR13-144 to PR13-151) have
been released on February 4 and 26 and on March 4, 2013. Hole PR13-151,
previously released, intersected 633.61 g/t Au over 4.08 m, including individual
assays of 5.14 g/t Au over 0.77 m, 13.03 over 0.90 m, and 4,279 g/t Au over 0.60
m.
Mineralized intervals are based on samples that vary in width from 0.6 m to 1.5
m utilizing 0.20 g/t gold cut-off levels with a maximum internal dilution of
2.90 metres. The attitude of mineralized intervals varies, and reported
mineralized intersections may not represent true widths.
Please follow this link to view the current area of drilling:
http://www.larongegold.com/wp-content/uploads/2013/02/PSW-Drillhole-location-map-Feb-20131.jpg
2013 Drilling
The primary objective of the 2013 program was to test mineralization outside the
Preview SW gold deposit resource, both along strike to the northeast and
southwest as well as down-dip. Holes have been completed on the Preview A
prospect as well as on the Preview Adit prospect, which are located 430 m and
2620 m northeas,t respectively, in the same northeasterly trending structural
corridor that hosts the Preview SW deposit. Results from these holes will be
released when assay results are received.
Company President and CEO Rasool Mohammad comments: "The winter drill program at
the Preview SW gold deposit continues to extend the known limits of our
mineralized zones, potentially adding ounces and reducing the strip ratio. We
continue to intersect broad, lower-grade zones such as in PR13-155 and -156, and
higher-grade zones such as in PR13-151. We are confident that our 2013 drilling
will have a positive impact on our mineral resource update. Also during this
program, our most aggressive step-out holes, up to 2,600 m outside the current
limits of the Preview Deposit, have intersected favourable geology and
alteration, suggesting that this may be a more extensive gold mineralized system
than we initially thought."
About the Preview SW Gold Deposit:
As reported in a News Release dated December 3, 2012, the Preview SW gold
deposit hosts gold resources as summarized in the table below, using the base
case estimate at a gold cut-off grade of 0.5 grams/tonne gold (g/t Au):
------------------------------------------------------------
Preview SW Gold Resources
------------------------------------------------------------
Au Contained
Category Tonnes g/t oz Au
------------------------------------------------------------
------------------------------------------------------------
INDICATED 1,958,400 2.12 138,100
INFERRED 3,714,600 2.09 257,300
------------------------------------------------------------
The deposit remains open in all directions.
There are six known gold prospects on the Property: from north to south they are
North/Adit, C, B, Preview SW, Clearwater A, and Clearwater B. In all zones,
structurally controlled mesothermal lode gold is found in quartz veins within or
on the margins of sheared dioritic-gabbroic sills and is associated with
sulphides. The area of diorite-gabbro sills extends for 5200 m in a
northeast-southwest direction across the property and reaches approximately 200
m in width.
The main Preview SW deposit is comprised of several sub-parallel
northeast-trending gold-bearing structural (shear) zones. The shears trend
northeast (020 degrees to 045 degrees) and dip 70 degrees to 90 degrees to the
northwest. The en-echelon 1 to 10 m-wide structures are persistent at depth, and
the zones bifurcate and merge at depth and along their length. The shears
comprise major and minor shears that splay out and merge to form "horses" of
undeformed rock within the shear zone.
Engineering and Environmental Studies:
In addition to the current exploration and expansion drilling at Preview SW
deposit, the Company has initiated metallurgical studies on the Preview SW gold
deposit. Preliminary engineering studies and base line environmental surveys
will continue in 2013, and an updated resource estimate incorporating the
results from this winter's drilling campaign will then become a part of a
Preliminary Economic Analysis (PEA) on the Preview SW Deposit.
Samples of sawn drill core were analyzed by TSL Laboratories in Saskatoon with
fire assay techniques. La Ronge Gold has implemented an industry standard QA/QC
program consisting of randomly inserting standards, blanks, and duplicates into
the sample stream to ensure assay accuracy and repeatability.
Gordon Davidson, P. Geol., the Company's Vice President of Exploration and a
Qualified Person for the purposes of National Instrument 43-101, has reviewed
the technical information in this News Release.
About La Ronge Gold Corp.
La Ronge Gold is a Vancouver-based rapidly advancing gold-resource growth and
development company, focused on the expansion of high-grade gold deposits in one
of Canada's emerging gold producing regions, the La Ronge Gold Belt, northern
Saskatchewan. The Company has significant land positions (52,932 Ha. or 131,000
acres) in the region. The Company also holds other gold projects located in
Ontario, Canada, including Old Cabin Project in Wawa, Ontario. This property is
adjacent to the Island Gold Mine where Richmont Mines recently added a new high
grade Inferred Mineral Resources of 508,000 ounces Au at a grade of 10.73 g/t
Au.
FORWARD-LOOKING INFORMATION
This News Release includes forward-looking information and statements, which may
include, but are not limited to, information and statements regarding or
inferring the future business, operations, financial performance, prospects and
other plans, intentions, expectations, estimates, and beliefs of the Company.
Information and statements which are not purely historical fact are
forward-looking statements. Forward-looking information and statements involve
and are subject to assumptions and known and unknown risks, uncertainties, and
other factors which may cause actual events, results, performance, or
achievements of the Company to be materially different from future events,
results, performance, and achievements expressed or implied by forward-looking
information and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable, in light of
the use of assumptions and the significant risks and uncertainties inherent in
such information and statements, there can be no assurance that any such
forward-looking information and statements will prove to be accurate, and
accordingly readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance upon such forward-looking
information and statements. Any forward-looking information and statements
herein are made as of the date hereof, and the Company assumes no obligation and
disclaims any intention to update or revise any forward-looking information and
statements herein, or to update the reasons that actual events or results could
or do differ from those projected in any forward-looking information and
statements herein, whether as a result of new information, future events or
results, or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
La Ronge Gold Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
(604) 639-4533
info@larongegold.com
www.larongegold.com
(TSXV:LAR)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
(TSXV:LAR)
Historical Stock Chart
Von Mai 2023 bis Mai 2024
