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Gammon Gold Announces Discovery of Significant Mineralization at Santa Eduviges, Las Molinas and San Amado at Ocampo and Provides an Update on its 2009 Exploration Program
Gammon Gold Announces Discovery of Significant Mineralization at Santa Eduviges, Las Molinas and ...
About this update from Auq Gold Mining Inc.
[{"type":"text","content":"\n\n\n\nSep. 30, 2009 (Canada NewsWire Group) -- HALIFAX, Sept. 30 /CNW/ -- Gammon Gold Inc. (\"Gammon\") (TSX:GAM and NYSE:GRS): Gammon is pleased to announce the discovery of significant mineralization at the Santa Eduviges, Las Molinas and San Amado areas at its flagship Ocampo operation together with an overall update its ongoing 2009 exploration programs.2009 Ocampo Exploration Highlights----------------------------------- To date, the Company has completed 85,838 metres, or 70%, of itsplanned 123,000 metre reserve replacement drilling program;- The San Amado drilling returned a bonanza grade intercept at holeOG-797 of 0.5 meters at 318 grams per tonne gold and 1,028 grams pertonne silver or 336.68 grams per tonne gold equivalent;- The drilling program at Santa Eduviges underground target has providedsome very encouraging results with one hole reporting over 9.0 metresof 14.57 grams per tonne gold equivalent. Given the ongoing drillingsuccess to date, an additional 5,900 metres of drilling has been addedto the original 4,380 metre program and an additional diamond drillwill be mobilizing in October;- The Company has completed 82% of the planned drilling program at theopen pits;- The drilling program at the northeast underground area has completed56% of its 39,776 planned program to date. Two additional drill rigshave been mobilized to assist in completing this program by year-end.Encouraging results continue to be received from the Jesus Maria, Belenand Rosario targets;- Exploration drifting is progressing towards the southeast and northeastunderground vein extensions. Drill stations will be established toallow the start of underground drilling in these areas during thefourth quarter;- The grass root exploration drilling program has completed 78% of theplanned program designed to identify new open pit and undergroundtargets for follow up. Significant new mineralization has beenidentified at Las Molinas, Altagracia and San Amado targets;- The Company had originally targeted the release of an interim reserveand resource update at the end of the third quarter. However, theaggressive drilling program that is currently underway at Ocampo hasresulted in a considerable amount of new significant data that needs tobe processed and analyzed to determine its overall impact. The ongoinganalysis has been further impacted by personnel ch...