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High Grade Gold Intersected in the First Five Diamond Drill Holes at the DAC Deposit, Destiny Gold Project, Quebec
High Grade Gold Intersected in the First Five Diamond Drill Holes at the DAC Deposit, Destiny Gol...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"\nHigh Grade Gold Intersected in the First Five Diamond Drill Holes at the DAC Deposit, Destiny Gold Project, Quebec\n\n\n Dec. 3, 2009 (TheNewswire.ca) -- December 3rd, 2009 Vancouver, BC - Alto Ventures Ltd. (TSXV:ATV) (ATV: TSX-V) and Pacific North West Capital Corp. (PFN)(TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) are pleased to announce high grade results from the first five diamond drill holes completed at the DAC Deposit on the Destiny Gold Project. High grade quartz veins including 44.39 g/t gold, 39.5 g/t gold and 20.6 g/t across 0.5m were intersected within wider intervals averaging 4.36 g/t gold across 6.3m, 4.61 g/t gold across 4.9m and 2.26 g/t gold across 5.2m respectively. These veins occur within wide shear-related alteration zones which themselves are gold bearing.These first five holes are part of a 5,000m, 14 hole drilling program designed to expand the known resources at the DAC zone through infill and step-out drilling. Completion of the drilling is anticipated within the next three weeks and this will be followed by an updated resource estimate to be completed in early 2010. Results for the remaining holes will be released when they become available. The property is located approximately 75 km north of Val d'Or in the Abitibi-Témiscamingue region, Quebec. The geological environment at Destiny including the shear-hosted high grade quartz veins is similar to the main Val d'Or gold belt. Val d'Or is one of the major mining centres in the Province of Québec, and currently host to many new mine development projects. The property is road accessible with excellent mining infrastructure and support facilities nearby.Table of significant gold assaysTO VIEW TABLE, PLEASE CUT AND PASTE URL:http://www.altoventures.com/i/nr/2009-12-03-destiny-table.gif*Based on core angles and previous drilling, true widths are estimated at approximately 80 to 90% of the downhole lengths reported.PFN has allocated a $600,000 budget to the Destiny Gold Project for 2009 and the work program is being managed by Alto Ventures Ltd.About the DAC DepositThe main area of mineralization on the Destiny Gold Property is the DAC zone, which occurs over a strike length of about 600 m. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersec...