Business
Gammon Gold Announces Discovery of New Drill Target at the Venus Project and Provides an Update on the Continued Progress at Guadalupe y Calvo
Gammon Gold Announces Discovery of New Drill Target at the Venus Project and Provides an Update o...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\n\n Aug. 17, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nTSX: GAM / NYSE: GRS / BSX: GL7\n\nTORONTO, Aug. 17 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): is pleased to announce the discovery of an encouraging new drill target at the Venus project located in the Ocampo - Pinos Altos region, as well as update on the continued progress at the advanced Guadalupe y Calvo development property.\n"In recent months, the Company has significantly increased its land position in the Ocampo - Pinos Altos region that includes the Venus property located north of Ocampo. This growth strategy of increasing our land position in this highly competitive area is already providing encouraging results where, at the Venus property, we have already identified a new drill target associated with the La Boleta Vein. We expect to launch a drilling program to follow up on this and other potential targets shortly." stated Peter Drobeck, Senior Vice President of Exploration and Business Development. "Additionally, drilling at our advanced development project, Guadalupe y Calvo, continues to report encouraging results. During the past month we reported another high-grade intercept that extends the strike length of the Rosario vein by 350 metres and we remain on target for delivering a scoping study that is anticipated to be completed during the fourth quarter."\n\n\n >\n\n\nThe Company's exploration program at the Venus Project, located directly north of the Ocampo land package, has identified a high-quality drill target known as the "La Boleta". Preliminary work has defined a very strong surface gold-silver anomaly in association with veins, sheeted veinlets and vein stockworks.\nDuring mapping of the Venus property an area of numerous small veinlets and stockworks associated with the La Boleta Vein was identified as a significant target for potential open-pit and underground mineable mineralization, si...