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NFX Gold, Maximus drill wide zones of near-surface gold
2006-10-19 16:53 ET - News Release
See News Release (C-NFX) NFX Gold Inc
Mr. Thomas Larsen of NFX Gold reports
MAXIMUS AND NFX REPORT ASSAYS FROM LARDER LAKE GOLD PROJECT, ONTARIO
NFX Gold Inc. and Maximus Ventures Ltd. have provided assay results from six additional diamond drill holes at the Larder Lake gold project. The results include significant gold mineralization in several areas, including a 57.95-metre-wide zone of anomalous gold at surface, suggesting potential for near-surface, bulk-tonnage potential. These six holes were drilled as part of an exploration program of up to 24 holes planned for 2006.
The gold mineralization intersected in holes NFX06-07, NFX06-08 and NFX06-11 are all candidates for follow-up drilling later in the program, noted Frederick T. Graybeal, Maximus president. The 57.95 metres averaging 0.47 gram per tonne (g/t) gold starting at a depth of two metres in hole NFX06-08 suggest potential for near-surface mineralization that could be amenable to open pit mining. Maximus is sufficiently encouraged that drilling continues to intersect significant zones of gold mineralization to have added a second drill rig and will extend the 2006 drilling into late November.
2006-10-19 16:53 ET - News Release
See News Release (C-NFX) NFX Gold Inc
Mr. Thomas Larsen of NFX Gold reports
MAXIMUS AND NFX REPORT ASSAYS FROM LARDER LAKE GOLD PROJECT, ONTARIO
NFX Gold Inc. and Maximus Ventures Ltd. have provided assay results from six additional diamond drill holes at the Larder Lake gold project. The results include significant gold mineralization in several areas, including a 57.95-metre-wide zone of anomalous gold at surface, suggesting potential for near-surface, bulk-tonnage potential. These six holes were drilled as part of an exploration program of up to 24 holes planned for 2006.
The gold mineralization intersected in holes NFX06-07, NFX06-08 and NFX06-11 are all candidates for follow-up drilling later in the program, noted Frederick T. Graybeal, Maximus president. The 57.95 metres averaging 0.47 gram per tonne (g/t) gold starting at a depth of two metres in hole NFX06-08 suggest potential for near-surface mineralization that could be amenable to open pit mining. Maximus is sufficiently encouraged that drilling continues to intersect significant zones of gold mineralization to have added a second drill rig and will extend the 2006 drilling into late November.
