VG GOLD COMMENCES DRILLING AT DAVIDSON TISDALE
JOINT VENTURE WITH SAN GOLD, TIMMINS, ONTARIO
February 17, 2010, Toronto, Ontario, Canada. VG Gold Corp., (TSX: VG),
(FRANKFURT: VN3), (OTC: VGGCF) is pleased to announce that drilling has
commenced on the Davidson Tisdale Joint Venture property co-owned with San
Gold Corporation. VG Gold is the operator of the joint venture and with a 68.5%
interest and San Gold owns 31.5% of the prospective gold property located 3
miles along trend to the east of the Hollinger-McIntyre Mines, which have
produced 30 million ounces of gold to date.
Previous exploration drilling at Davidson Tisdale focused on gold mineralization
to a depth of only 800 feet (250 metres) below surface. The potential for high
grade mineralization at depth is believed to be excellent, as neighboring mines in
Timmins extend to depths of 7,000 feet (2,000 metres). The Davidson Tisdale
property has demonstrated its potential for high grade gold zones, as indicated
by drilling in 2004, when VG Gold established the presence of significant gold
mineralization below the known resource. To view previous results from
Davidson Tisdale including the 2003-2004 program please visit the link
www.vggoldcorp.com/pdfs/Drill_Hole_Table_Tisdale.pdf.
Deeper drilling will focus on extending the known high grade mineralization below
800 feet (250 metres). With one of Canada’s premier exploration companies as
VG Gold’s partner, management looks forward to advancing the project. “It is
very encouraging to have the opportunity to explore this type of gold deposit in
one of the world’s most famous mining camps. Timmins is known for its highly
productive gold mines and we are seeing very good potential at the Davidson
Tisdale Joint Venture. During 2010 we will be aggressively exploring to advance
the Davidson Tisdale and our other projects in Timmins,” stated Tom Meredith,
President and CEO.
Dale Ginn, CEO of San Gold agreed, “We are pleased to commence an
aggressive exploration program on one of the highest quality advanced gold
projects in the Timmins area and look forward to working closely with our partner
VG Gold on the Davidson-Tisdale project.”
VG GOLD.....WE ARE GOLD!
QUALIFIED PERSON
All exploration work is conducted under Kenneth Guy, P. Geo., designated
Qualified Person for VG Gold, who has reviewed this press release. All drilling was
completed using NQ size core. Gold analysis of the samples collected by VG Gold
was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram
sample with an atomic absorption finish. Samples assaying over 10.0 gram per
tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible
gold are analyzed via total metallic assay method. A rigorous Quality Control and
Assurance program (QA/QC) is in place, using control samples such as Blanks
and duplicate checks. In addition, duplicate analyses of 10% of the samples are
corroborated by check assays performed at a third party Laboratory.
For further information contact Tom Meredith, President of VG Gold, Tel:
416-368-0099. To learn more about VG Gold (TSX: VG), visit our website:
www.vggoldcorp.com
The TSX Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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