La Ronge drills 4.08 m of 633.61 g/t Au at Preview
2013-03-04 10:21 ET - News Release
Mr. Rasool Mohammad reports
LA RONGE GOLD CORP.: 633.61 G/T AU INTERSECTED OVER 4.08 M INCLUDING 1,123.25 G/T AU OVER 2.30 M IN EXTENSION DRILLING AT PREVIEW SW GOLD DEPOSIT, SASKATCHEWAN
La Ronge Gold Corp. has released drill results from its Preview project in Saskatchewan.
Highlights:
Hole PR13-151 drilled 633.61 grams per tonne (g/t) gold (Au) over 4.08 metres, including individual assays of 5.14 g/t Au over 0.77 metre, 13.03 over 0.9 metre and 4,279 g/t Au over 0.6 metre.
Hole PR13-151 represents the best gold grade drilled to date in the La Ronge gold camp.
PR13-150 is drilled outside the deposit targeting one vein-structure extension; a coincident magnetic break at this location indicates a crosscutting structure.
Preview A and Preview North prospects, two new prospects, are being drilled on strike from Preview Southwest gold deposit.
20 drill holes completed to date testing mineralization outside of the Preview Southwest deposit.
All the drill holes released to date confirm the Preview Southwest gold deposit is open for expansion in all directions.
Engineering and environmental studies are under way on the Preview Southwest gold deposit.
The company has received additional drill assays from its Preview property located in north-central Saskatchewan. The holes released to date were drilled on the northeast and southwest margins of the Preview Southwest gold deposit, testing for extensions of gold mineralization outside the current resources, as well as testing near-surface gold mineralization within the deposit. Hole PR13-151 was designed to test one vein structure outside the resource area. An obvious magnetic break may represent a crosscutting structure at this location.
Drill hole PR13-151, drilled 75 metres outside the defined resource to the northeast, intersected:
633.61 g/t Au over 4.08 metres starting at 203.78 metres, including:
1,123.25 g/t Au over 2.3 metres, including 5.14 g/t Au over 0.77 metre, 13.03 over 0.9 metre and 4,279 g/t Au over 0.6 metre.
Assays from the initial holes of the program (PR13-144 to PR13-150) were previously released on Feb. 4 and 26, 2013. Mineralized intervals are based on samples that vary in width from 0.6 metre to 0.92 metre utilizing 0.2 g/t gold cut-off levels with a maximum internal dilution of 0.86 metre. The attitude of mineralized intervals varies, and reported mineralized intersections may not represent true widths.
2013 drilling
The primary objective of the 2013 program is to test mineralization outside the Preview Southwest gold deposit resource, both along strike to the northeast and southwest, as well as downdip. Holes have been completed on the Preview A prospect, as well as the Preview Adit prospect, which are located 430 metres and 2,620 metres northeast, respectively, in the same northeasterly trending structural corridor that hosts the Preview Southwest deposit. Results from these holes will be released when assay results are received.
Company president and chief executive officer Rasool Mohammad commented: "The spectacular results we received from hole PR13-151 are the highest grades reported in the La Ronge gold belt to date. It is important to note that this intercept is outside the limits of our resource estimation blocks and should help in enlarging the deposit."
About the Preview Southwest gold deposit
As reported in a news release dated Dec. 3, 2012, the open-pitable Preview Southwest gold deposit hosts gold resources as summarized in the relevant table, using the base-case estimate at a gold cut-off grade of 0.5 g/t Au.
PREVIEW SOUTHWEST GOLD RESOURCES
Category Tonnes Au g/t Contained 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 Southwest, 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 5,200 metres in a northeast-southwest direction across the property and reaches approximately 200 metres in width.
The main Preview Southwest deposit comprises several subparallel, 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, one-metre- to 10-metre-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 Southwest deposit, the company has initiated metallurgical studies on the Preview Southwest 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 assessment on the Preview Southwest 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 quality-assurance/quality-control program consisting of randomly inserting standards, blanks and duplicates into the sample stream to ensure assay accuracy and repeatability.
Gordon Davidson, PGeol, 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.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aLAR-2045803&symbol=LAR®ion=C