-- Posted Tuesday, 31 January 2012 | | Disqus
VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/31/12)- La Ronge Gold Corp. (TSX-V: LAR.V, CLICF.PK) (the "Company") is pleased to announce that drilling has commenced at the Preview SW gold deposit located in the La Ronge Gold belt of northern Saskatchewan. The drill program is designed to bring the historical resources up to current NI 43-101 standards and to expand the mineralized zones along strike and at depth. The Preview SW Deposit is host to an historical resource of 493,690 tonnes grading 12.34 grams per tonne (g/t) gold (Au) containing an estimated 195,912 oz Au(i). Eighty-nine diamond drill holes totalling 14,119 m at 15 m centres were drilled into the Preview SW deposit during 1986-1989. Assays from the current drill program will be released once they are received and compiled. Please refer to the Company's website at http://larongegold.com/projects/preview.html to view the drill collar locations.
Including the optioned claims and the independently-staked claims, the Company has acquired a total of 41 claims covering 52,932 hectares (130,797 acres) covering a 97-kilometeres strike length of the La Ronge gold belt. There are two historic gold deposits, including the Preview SW gold deposit, and numerous gold showings along the belt.
"Our large land holdings and the potential to add significant gold resource to our assets, sets us apart from the rest," commented the Company's President, Rasool Mohammad. "We intend to convert both of the two previously drilled deposits to NI 43-101 standards, and also drill test gold targets in the new areas."
Gordon Davidson, P.Geol, has reviewed the technical information in this news release.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company also holds other gold projects located in Ontario, Canada.
(i) Non Compliant 43-101 Resources: The historical resource estimates quoted above are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. Although the historical estimates for the Preview SW and Twin Deposits should not be relied upon, the Company views these historical estimates as relevant and a significant indication of the projects mineral potential. These properties will require considerable further evaluation which the Company intends to carry out in due course.
Actual events or results could differ materially from the Company's expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties.
-- Posted Tuesday, 31 January 2012 | Digg This Article
| Source: GoldSeek.com
