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Vedron Gold Timmins Property Development and Drilling Update.
Vedron Gold Inc., TSX-V:VG, FRANKFURT:VN3, announces that it has received key PTTW (Permit To Take Water) permits that are required to commence operations from the Ministry of the Environment for the Fuller property and the Davidson Tisdale property. The application for the Buffalo Ankerite property is still in process.
National Instrument 43-101 technical reports with gold mineral inventory estimates have been prepared for filing, with the Davidson Tisdale property report filed on sedar.com on April 2, and the Buffalo Ankerite property report expected to be filed during April 2007.
Preliminary Economic Assessments have been prepared by Vetrin Mine Planners Ltd on the three Timmins gold properties. They are now being formatted to meet filing requirements and are scheduled to be filed beginning in May 2007 after the mineral inventory 43-101 reports noted above have been filed.
Also, Vedron Gold announces the drilling results from the recent program on the Davidson Tisdale Property. The program commenced in January and was completed in February 2007. Drilling was conducted on both the Main Zone and the adjacent S-Zone. Seven holes were drilled and eight holes re-entered and deepened during this phase of Vedron's work commitment on the Davidson Tisdale Property which consisted of a total 2,451 metres drilled.
Exploration drilling was designed to test for the east extension of a gold bearing quartz vein zone below a depth of 600 feet (200 metres) within the Main Zone alteration package. The eastern extension of the quartz vein was intersected but failed to return gold assays. One hole intersected a favorable result below the target of 12.86 gram per tonne over 1.2 metres. Drilling was also conducted at the S-Zone on the Tisdale property where 6 holes of infill drilling totaling 1176 metres were completed. Drilling at the S-zone was conducted to test the margins of a proposed chute of higher grade gold mineralization delineated in historic drilling on the large S-zone structure. Anomalous gold results were intersected and are set out in the table below.
Drilling is taking place on the Fuller and Buffalo Ankerite properties with the current hole having progressed through the Fuller Deposit at a depth of about 2,000 feet and now continuing to the south to the targeted intersection of the Buffalo Ankerite zones at depth. It is anticipated that the hole will be completed in about 3 weeks at which time wedging from this hole will begin in a program aimed to generate multiple intersections of the deep gold zones.
The following table summarizes the assay results of the January - February 2007 2,451 metre drill program.
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Assays
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Zone Hole# From(m) To(m) Length(m) Length(ft) oz/ton grams/tonne
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Main zone 04-331b 303 304 1 3.3 0.064 2.19
05-354b 362 363.5 1.5 4.9 0.133 4.56
05-355b 391 392 1.2 4.0 0.375 12.86
S zone 07-359 69.64 71.1 1.46 4.8 0.242 8.3
07-360 31 31.8 0.8 2.6 0.118 4.06
33.6 35.0 1.4 4.6 0.134 4.59
85.0 86.1 1.1 3.6 0.043 1.47
87.5 88.6 1.1 3.6 0.038 1.3
07-361 123.5 125 1.5 4.9 0.032 1.1
173.3 174.6 1.3 4.3 0.156 5.35
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All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for Vedron Gold. Gold analyses of samples collected by Vedron were conducted by Laboratoire Expert in Rouyn-Noranda, Quebec. Analyses consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 1.0 gram per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analysed via the total metallic assay method. A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples such as Blanks and Rocklabs Standards and duplicate checks. In addition, duplicate analyses of 10% of the samples were corroborated by check assays on sample pulps performed by Bourlamaque Laboratory of Val D'Or, Quebec.
To find out more about Vedron Gold Inc. (TSX-V:VG), visit our website at www.vedron.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Vedron Gold Inc.
Tom Meredith
President
(416) 368 0099
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Shares: 86,201,014
Vedron Gold Inc., TSX-V:VG, FRANKFURT:VN3, announces that it has received key PTTW (Permit To Take Water) permits that are required to commence operations from the Ministry of the Environment for the Fuller property and the Davidson Tisdale property. The application for the Buffalo Ankerite property is still in process.
National Instrument 43-101 technical reports with gold mineral inventory estimates have been prepared for filing, with the Davidson Tisdale property report filed on sedar.com on April 2, and the Buffalo Ankerite property report expected to be filed during April 2007.
Preliminary Economic Assessments have been prepared by Vetrin Mine Planners Ltd on the three Timmins gold properties. They are now being formatted to meet filing requirements and are scheduled to be filed beginning in May 2007 after the mineral inventory 43-101 reports noted above have been filed.
Also, Vedron Gold announces the drilling results from the recent program on the Davidson Tisdale Property. The program commenced in January and was completed in February 2007. Drilling was conducted on both the Main Zone and the adjacent S-Zone. Seven holes were drilled and eight holes re-entered and deepened during this phase of Vedron's work commitment on the Davidson Tisdale Property which consisted of a total 2,451 metres drilled.
Exploration drilling was designed to test for the east extension of a gold bearing quartz vein zone below a depth of 600 feet (200 metres) within the Main Zone alteration package. The eastern extension of the quartz vein was intersected but failed to return gold assays. One hole intersected a favorable result below the target of 12.86 gram per tonne over 1.2 metres. Drilling was also conducted at the S-Zone on the Tisdale property where 6 holes of infill drilling totaling 1176 metres were completed. Drilling at the S-zone was conducted to test the margins of a proposed chute of higher grade gold mineralization delineated in historic drilling on the large S-zone structure. Anomalous gold results were intersected and are set out in the table below.
Drilling is taking place on the Fuller and Buffalo Ankerite properties with the current hole having progressed through the Fuller Deposit at a depth of about 2,000 feet and now continuing to the south to the targeted intersection of the Buffalo Ankerite zones at depth. It is anticipated that the hole will be completed in about 3 weeks at which time wedging from this hole will begin in a program aimed to generate multiple intersections of the deep gold zones.
The following table summarizes the assay results of the January - February 2007 2,451 metre drill program.
-***-
--------------------------------------------------
Assays
--------------------------------------------------
Zone Hole# From(m) To(m) Length(m) Length(ft) oz/ton grams/tonne
--------------------------------------------------
Main zone 04-331b 303 304 1 3.3 0.064 2.19
05-354b 362 363.5 1.5 4.9 0.133 4.56
05-355b 391 392 1.2 4.0 0.375 12.86
S zone 07-359 69.64 71.1 1.46 4.8 0.242 8.3
07-360 31 31.8 0.8 2.6 0.118 4.06
33.6 35.0 1.4 4.6 0.134 4.59
85.0 86.1 1.1 3.6 0.043 1.47
87.5 88.6 1.1 3.6 0.038 1.3
07-361 123.5 125 1.5 4.9 0.032 1.1
173.3 174.6 1.3 4.3 0.156 5.35
--------------------------------------------------
-****-
All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for Vedron Gold. Gold analyses of samples collected by Vedron were conducted by Laboratoire Expert in Rouyn-Noranda, Quebec. Analyses consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 1.0 gram per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analysed via the total metallic assay method. A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples such as Blanks and Rocklabs Standards and duplicate checks. In addition, duplicate analyses of 10% of the samples were corroborated by check assays on sample pulps performed by Bourlamaque Laboratory of Val D'Or, Quebec.
To find out more about Vedron Gold Inc. (TSX-V:VG), visit our website at www.vedron.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Vedron Gold Inc.
Tom Meredith
President
(416) 368 0099
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Shares: 86,201,014
