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Upper Canada Gold Corporation announces initial drill results from the Dingman property 2010 drilling
Upper Canada Gold Corporation announces initial drill results from the Dingman property 2010 dril...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"\n\n\n\n May 18, 2010 (Canada NewsWire Group) -- Upper Canada Gold Corporation (the "Company") (TSXV: UCC) announces initial drill hole results from the drill program that commenced in early March 2010 on the Company's 100% owned Dingman property situated in southeastern Ontario.\nThe following drill hole results for the first 3 of a minimum 20 hole drill program at the Dingman property, located near Marmora, Ontario are as follows:\n\n\n >\n\n\nThe true widths of these mineralized zones are approximately 70% of the above Dingman drill intercept widths.\nThe above holes were drilled on section between DI-07-09 and DI-09-14, which was previously drilled by Opawica Explorations Inc. ((2)OPW(2)), to extend the continuity of the mineralization between the OPW holes. The drill pattern was designed to have pierce points 25-30m apart within the plane of the mineralization.\nThe drill program is focused on extending the mineralization beneath the current resource base from approximately 200 m to 300 m below surface. As described further in the Company's technical report on the Dingman Property dated September 15, 2009, the indicated resource estimate for the Dingman Property includes a total of 8,801,000 tonnes at 0.97 g/t Au comprising 270,000 of Au. The inferred resource estimate is a total of 11,301,000 tonnes at 0.98 g/t Au comprising 355,000 oz Au. These resources are based on a 0.40 g/t Au cut-off grade and an Au capping strategy of 30 g/t. (See the Company's NI-43-101 technical report dated September 15, 2009 filed on SEDAR).\nApproximately 6,700 m of drilling is planned under the current drill program of which approximately 4,700 m has been completed. Assays are pending for 13 drill holes.\nThe drilling rate exceeded expectations and, in order to have timely sample results, the drill program was put on a three week to one month hiatus. The drill rig remains on the property. This time period will permit the addition of another diamond saw, for a total of three, and allow the sampling to catch up to the drilled holes.\nGold mineralization of the Dingman granitic stock is typical of the significant hydrothermal quartz-carbonate vein deposits hosted by granitoid rocks in Archean and early Proterozoic rocks in Canada. These rocks are usually found substantially further north of the Dingman property and which are associated ...