Gammon Gold Reports High-Grade Discovery at La Balleza Vein in Venus Project: 0.6m grading 62.20 grams per tonne Gold and 2700 grams per tonne Silver

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[{"type":"text","content":"\n\n\n Apr. 6, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, April 6 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX: GAM) (NYSE: GRS): Gammon is pleased to announce that a new discovery of high-grade\n gold-silver mineralization in the La Balleza Vein in the north-central\n portion of the Venus property.\n\n\nVenus Project Drilling Highlights \n\n\n\nHighlights from the 12 holes for which assays have been received\n include:\n\n\n\nVEN-009, 0.7 metres grading 62.20 grams per tonne gold and 2,700 grams\n per tonne silver, or 111.29 grams per tonne gold equivalent(1).\n\n\nVEN-004, 0.6 metres grading 8.58 grams per tonne gold and 1,050 grams\n per tonne silver, or 27.67 grams per tonne gold equivalent(1).\n\n\n\n(1) Using the Company's long-term gold equivalency ratio of 55:1 (which\n assumes 100% metallurgical recoveries and royalties for gold and\n silver).\n\n\n"We are very encouraged by the early drilling results our Venus Project,\n which lies three kilometres directly north of the Ocampo Mine\n Properties.  The surface work completed to date has shown that there\n are multiple veins outcropping with locally very high grades on\n surface.  Results from three holes drilled on the La Balleza Vein have\n reported some very high gold and silver grades on two of those holes."\n stated Peter Drobeck, Senior Vice President of Exploration and Business\n Development.  He continued, "As well as the high-grade discoveries at\n La Balleza, we...

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