EWS RELEASE
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VG GOLD’S DRILLING DELIVERS MORE WIDE
INTERSECTIONS FROM PAYMASTER
27.7 metres of 1.56 gpt gold (91.0 feet of 0.05 opt)
April 22, 2010, Toronto, Ontario, Canada VG Gold Corp.,(TSX: VG), (FRANKFURT: VN3),
(OTC: VGGCF) is pleased to announce that drilling designed to outline a bulk tonnage
open pit resource at the Paymaster West Project in Timmins, Ontario continues to deliver
wide intersections of good grade. The best result since our last release returned 27.7
metres of 1.56 grams gold per tonne (91.0 feet of 0.05 ounces gold per ton).
“These results continue to illustrate that Paymaster has a lot of room to grow. In addition,
the project could not be better situated, located 750 m (2500 ft) to the edge of Goldcorp’s
Dome Mine and Mill which has been in operation since 1910 and has produced 17.1
million ounces of gold from both a large open pit and currently operating underground
mine. Our objective is to announce an initial resource estimate by year-end and continue
to advance the project through aggressive exploration,” stated Tom Meredith CEO and
President.
1) Open Pit Potential: Wide Intersections Continue
The Paymaster project is situated next to Goldcorp’s Super Pit, one of Canada’s largest
open pit gold mines. To date, VG Gold’s drill results indicate similar open pit potential
could exist at Paymaster. The most recent results successfully expanded the gold
mineralization 91 metres (300 feet) to the west. Near surface mineralization has now been
discovered over an area 513.6 metres (1685 feet) long by 152.4 metres (500 feet) wide
and remains open to the east, west and at depth. The predominance of the mineralization
trends both west towards VG Gold's 100 percent owned Buffalo Ankerite Property and
east toward Goldcorp’s Dome Mine. Highlights from the recent drilling are shown below:
Hole # From To Width Gold Grade
(m) (m) (m) (gpt)
VGP-10-20ext 230.4 237.8 7.3 3.7
VGP-10-48 203.3 231.0 27.7 1.56
including 3.0 3.65
VGP-10-60 134.4 142.0 7.6 2.91
Intervals reported here are core lengths. True widths are not
known at this time. See more results in Table 1 below.
Some of the previously released near surface results that help illustrate the bulk
tonnage potential include:
Hole # From To Width Gold Grade
(m) (m) (m) (gpt)
VGP-09-16 259.9 282.9 23.0 1.40
VGP-09-31 166.1 210.3 44.2 1.00
VGP-09-33 204.2 228.6 28.5 1.03
VGP-09-34 437.0 468.0 31.0 1.61
VGP-09-45 397.8 435.1 37.3 2.29
VGP-09-51 89.3 106.3 17.0 1.36
VGP-09-53 70.3 100.5 30.2 1.28
VGP-10-64 133.2 149.7 16.5 1.97
VGP-10-65 131.0 157.0 26.0 2.26
VGP-10-67 133.8 159.3 25.5 1.15
2) Deep Drilling: Looking for High-Grade At Depth
VG Gold has recently mobilized a deep drill rig to Paymaster in order to target highgrade
gold mineralization at depth. Historical zones of good grade are known to occur
approximately 750 m (2,500 ft) below surface. Initial drilling will look to confirm these
results and then expand this upon this mineralization. The deep drill will also be used at
Buffalo Ankerite in order to follow
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