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Medallion Resources Ltd. - Romaine River Iron-Titanium Mapping & Sampling Underway
TSX-V: MDL VANCOUVER, Oct. 14 /CNW/ - Medallion Resources Ltd ("Medallion" or the "Company" - TSX...
About this update from Gamma Resources Ltd.
[{"type":"text","content":"\n\n\n\nTSX-V: MDL\n\n\nVANCOUVER, Oct. 14 /CNW/ - Medallion Resources Ltd ("Medallion" or the\n"Company" - TSX.V: MDL) announces that a crew of geologists and samplers is in\nthe field at the Romaine River Iron-Titanium Project, 40 kilometres north of\nthe town of Havre St Pierre, Quebec. Latest reports from the project site\nconfirm that geological mapping is well underway and 40 of 89 planned new\nsample sites have been mapped and sampled. Initial work is slated to provide\ndue-diligence technical information; however, in order to take advantage of\nthe remaining field season, the program includes a more detailed geological\nand mineralogical investigation.\n\n\nThe fall 2008 program goals are to construct a detailed geological map,\nto confirm the extent of the known iron-titanium mineralization, and to\nsystematically collect samples for assay and metallurgical tests. The results,\nalong with an analysis of historical drilling and sampling, will be compiled\nas an NI43-101-compliant technical report, which is required to complete\nregulatory approval of Medallion's acquisition of the Romaine River property\n(see 2 September 2008 news release). The technical report also will provide\nrecommended drill targets and a work program for an NI43-101 resource\nestimate.\n\n\nOver the past three weeks, the crew has re-established a property-access\nroute and campsite originally used by drillers in 1968. The route provides\naccess to the iron-titanium mineralized area 375 metres to the north of the\ncampsite. The campsite, on the north shore of Lac Puyjalon, is supplied by\nhelicopter from Havre St Pierre.\n\n\nA northeast-trending 1968 survey baseline, which runs the full\n2.3-kilometre length of the known iron-titanium mineralization, also has been\nre-established for use by geologists and samplers and for the drill program\nplanned for 2009. Traverses perpendicular to the baseline provide control for\nmapping and sampling. Surface samples are taken using portable concrete drills\nthat produce a 25- to 35-centimetre core length of the sampled material. This\nmethod of surface sampling, which is not to be confused with diamond-drilling\nmethods, assures a relatively uniform sample and it minimizes the collection\nof weathered surface material. Weathered material is not suitable for\nmetallurgical tests. Completio...