Business
Corona Gold Corp. & Harte Gold Corp. Announce Drilling Program on Sugar Zone Property
TORONTO, March 23 /CNW/ - Corona Gold Corp. ("Corona", TSX: CRG) and Harte Gold Corp. ("Harte", T...
About this update from Crossroads Gold Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, March 23 /CNW/ - Corona Gold Corp. ("Corona", TSX: CRG) and\nHarte Gold Corp. ("Harte", TSX-V - HRT) are pleased to announce that they plan\nto conduct a ten hole (2,000m) diamond drill program on the Sugar Zone gold\nproject commencing in late March or early April, 2009.\n\n\nThe planned ten hole NQ size diamond core drill program is designed to\ntest near surface targets along the 3.5 km strike length away from the main\nzone, as well as sub-parallel zones defined in either the recent airborne\nmagnetics survey completed in 2008 or in previous IP surveys conducted over\nthe zone. Holes are to be drilled to the northeast generally at an inclination\nof 45 degrees and to an average depth of 200m. The drilling program is\nexpected to take one month to complete.\n\n\nThe Sugar Zone contains a NI 43-101 compliant inferred resource of\n904,400t @ 9.75g/t Au for 283,500oz of contained gold. The resource estimate\nwas performed by David S. Hunt, PGeo., of Sharpstone Geoservices Ltd., who is\nan independent qualified person as defined by National Instrument 43-101. The\nrelevant report detailing the results of the resource estimate, "Resource\nestimate of the Sugar Zone Project" is dated 17 May, 2004 and is filed on\nSEDAR under Corona.\n\n\nThe Sugar Zone property is subject to a joint venture agreement between\nCorona, which holds a 51% interest, and Harte, which holds a 49% interest. The\nSugar Zone Property consists of 326 unpatented, unsurveyed, contiguous claims\nconsisting of 720 claim units within the Sault Ste. Marie Mining Division of\nOntario. The Property is located approximately 60 kilometres east of the Hemlo\ngold camp and 25 kilometres northeast of White River. Corona is the operator\nof the project. The project is located in the north-south trending\nDayohessarah greenstone belt and hosted within a major northwest-trending\nlinear structure that can be traced for 3.5 km. Outcropping gold\nmineralization occurs within two parallel zones, separated by 10 to 15m and\noccurring along a strike length of 1.1 km. The mineralization is hosted in\nsugary white quartz veining located along these zones with a thickness of 2 to\n12m and dipping on average 64 degrees to the southwest. Both zones are defined\nby swarms of felsic porphyry sills hosted within mafic volcanics.\n\n\nGary O'...