VG Gold drills 24.7 m of 30.99 g/t Au at Paymaster West
2010-07-12 08:10 ET - News Release
Mr. Tom Meredith reports
VG GOLD DRILLS 30.99 GPT GOLD OVER 24.7 METERS AT THE PAYMASTER WEST PROJECT IN TIMMINS, ONTARIO
VG Gold Corp. has released additional results, including a significant new hole from the Paymaster West property, located in Timmins. This intersection returned 30.99 grams per tonne (gpt) gold over 24.7 meters (m), including 366.0 gpt gold over 2.0 m. The Paymaster West Project is situated next to Goldcorp's Dome Mine, which has produced 17 million ounces of gold.
HIGH-GRADE, NEAR SURFACE & OPEN TO THE EAST
30.99 gpt gold over 24.7 meters
Drilling to define an open pit resource has encountered the most significant result to date from the Paymaster West Project. As drilling progresses to the east and closer to Goldcorp's Dome Mine, VG Gold's exploration has been encountering wide intervals of significant mineralization. This most recent result is significant because it starts at a vertical depth of only 50 ft (15 m) and the zone remains open to the east. The hole successfully extended the mineralization up-dip by approximately 30 m (Fig 1). The intercept occurs within the main porphyry zone, which is the primary target of VG Gold's drilling.
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