LRG Lateegra Gold Corp Com

Lateegra Gold Corp. (TSX VENTURE:LRG)(FRANKFURT:LTGB) ("Lateegra" or "the
Company") is pleased to announce the following drill results from recently
completed exploration drilling on its' Beschefer Project, Quebec.


A diamond drilling program of 5 holes totaling 1,520 metres was completed as a
first phase of exploration drilling on Lateegra's Beschefer Project. This first
phase drilling campaign for Lateegra focused on follow-up of historic ore grade
gold intercepts in the area of the previously discovered B-14 Zone, follow-up of
other gold intercepts on the property, as well as tested geophysical trends as
indicated from recently completed geophysical surveying.


Analytical results from the first two drill holes of the 2011 winter drill
campaign have been completed. Highlights from these initial holes are tabulated
following:




---------------------------------------------------------------------------
                                                                  Intercept
                                     To     Gold (i)                 Length
DDH No.             From (m)         (m)       (gpt)  Copper (%)         (m)
---------------------------------------------------------------------------
BE11-001             180.42      180.90        4.16          na        0.48
---------------------------------------------------------------------------
  and,               185.00      189.35        3.80          na        4.35
---------------------------------------------------------------------------
  including          185.46      185.76       13.85          na        0.30
---------------------------------------------------------------------------
  and,               191.40      194.84        3.27          na        3.44
---------------------------------------------------------------------------
BE11-002             216.94      217.90        1.22          na        0.96
---------------------------------------------------------------------------
  and,               226.13      226.68       1.835          na        0.55
---------------------------------------------------------------------------
  and,               327.42      330.00         nsi        2.30        2.58
---------------------------------------------------------------------------
(i) all gold grades are uncut                                           
na = not analysed for                                                      
nsi = not significant intercept                                            



Down-dip or along strike extensions to the B-14 Zone were intersected in holes
BE11-001 through BE11-004. Each of these four holes intersected sheared and
altered volcanic rocks which host increased pyrite content and quartz veins
within the sheared, altered intervals, which can best be described as mylonites.
Drill Hole BE11-005 was sited to investigate previous intercepted gold hosted by
quartz veins within a diorite intrusion found within the historic drill hole
B14-43, drilled by a previous operator. Similar lithologies and styles of
mineralization were intersected in BE11-005 as were intersected in hole B14-43.
Analytical results have not been finalized for drill holes BE11-003 through
BE11-005.


Lateegra's Beschefer Project is located in the north-central portion of the
prolific Abitibi Subprovince of the Canadian Shield within the Harricana-Turgeon
Greenstone Belt, approximately 10km east of the Selbaie Mine (past production of
56.5 million tonnes grading 0.56gpt Au, 38.1gpt Ag, 0.87% Cu, and 1.85% Zn;
MRNQ, DV 2001/01), 50km northeast of the Casa Berardi Mine (in production), and
60km east of the Detour Lake Project (in development). The Beschefer property
consists of 33 claims covering 5.3 sq. km. Access to the property is excellent
with a regional road and power line passing 2 km north of the property and an
access road cross-cutting the property.


The Beschefer property is situated within intermediate to mafic volcanic rocks
of the Broulan Volcanic Complex on the east flank of the Broulan batholith. Gold
mineralization in the B-14 Zone as well as elsewhere on the property is hosted
by hematized, sericitized and silicified volcanics which also contain 1 to 5%
disseminated pyrite and 2 to15% quartz+/-carbonate veins and veinlets. This
geological setting is typical of other shear zone hosted gold deposits
throughout the Abitibi.


President Chris Verrico comments, "Lateegra is encouraged by these initial
results from the Beschefer Property which confirm the structural continuity of
the previously identified B-14 Zone and continue to delineate significant gold
mineralization within the zone. Also, the results show the potential of the
property for base metal mineralization including base metal hosted gold
deposits."


Reporting of Historical Work

Certain of the exploration results reported on in this news release are based on
historical work by others and are identified in the preceding as such. Those
reports of work cannot and have not been fully verified by Lateegra. Investors
or potential investors should take this into account.


Drilling, Assaying and QA/QC

The Company's exploration programs are subject to QA/QC and security programs
which conform to industry-standard best practices in the sampling and analysis
of drill core and are in compliance with NI 43-101.


The current phase of diamond drilling on the Beschefer Project was conducted by
Bradley Bros. Drilling Ltd. Analytical work is performed by ALS Chemex Ltd., an
ISO 9001-2000 and ISO 17025 certified laboratory with it's own internal QA/QC
procedures. Lateegra utilizes, as part of its' QA/QC program, the insertion of
standard reference materials and blanks representing approximately 5% of the
total sample population. Drill core is sampled according to standardized
technical procedures, which include the core being sawn in half, with half of
the core being retained, while the other half is sampled for gold analysis via
Fire Assay-Atomic Absorption finish using a 50g assay aliquot. Intervals where
visible gold has been identified are analyzed via gravimetric or screened
metallic procedures. Samples are securely packed for shipment utilizing security
seals noted on Chain of Custody documents, which are confirmed as intact upon
receipt at ALS's sample receiving facility.


Qualified Person

Lateegra's exploration programs are conducted under the supervision of its Vice
President of Exploration, Ms. Heather Miree, P. Geo. Ms. Miree is a Qualified
Person as defined by NI 43-101, and has prepared or supervised the preparation
of the scientific or technical information in the this press release and has
verified the data contained within.


About Lateegra

Lateegra is a well-financed junior exploration company with gold exploration
properties primarily located in northeastern Ontario and northwestern Quebec.
The Company has recently completed geophysical surveying on the Beschefer
Project, located near La Sarre, Quebec and the Stoughton Project, near Lake
Abitibi. In 2010, Lateegra completed over 4,000 metres of diamond drilling on
its wholly-owned DeSantis Project located within the Porcupine gold mining
district and plans to commence follow-up drilling on DeSantis during the second
quarter 2011. The Company's common shares trade on the TSX Venture Exchange
under the symbol LRG.


Forward-looking Statements

Cautionary note: This report contains forward looking statements, particularly
those regarding cash flow, capital expenditures and investment plans. Resource
estimates, unless specifically noted, are considered speculative. The company
has not filed a National Instrument 43-101 report on any property, but will do
so as soon as the information is available. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.

Lateegra Gold Corp Com (TSXV:LRG)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Lateegra Gold Corp Com (TSXV:LRG)
Historical Stock Chart
Von Jun 2023 bis Jun 2024