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Crosshair Continues to Intersect High-Grade Gold at Golden Promise

Crosshair Continues to Intersect High-Grade Gold at Golden Promise

articleGlobal Crossing Airlines Group, Inc.May 18, 20104/company/global-crossing-airlines-inc/news/crosshair-continues-to-intersect-high-grade-gold-at-golden-promise
Crosshair Continues to Intersect High-Grade Gold at Golden Promise

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[{"type":"text","content":"\nCrosshair Continues to Intersect High-Grade Gold at Golden Promise\n\n\n May 18, 2010 (Filing Services Canada) -- Crosshair Exploration & Mining Corp. (CXX - TSX, CXZ - NYSE Amex),  (\"Crosshair\") is pleased to announce final results from the diamond drill program at the Golden Promise Project, located in central Newfoundland, Canada. The Golden Promise Project is a joint venture with Paragon Minerals Corporation (TSX.V: PGR) (\"Paragon\").  Crosshair has completed all 36 drill holes (7,220 metres (m)) that were planned for this program.  Highlights from recently assayed holes include:- 19.9 grams per tonne (gpt) gold over 0.5m (from 12.7m to 13.2m) in hole GP10-102, and- 11.1 gpt gold over 0.9m (from 28.0m to 28.9) including       18.9 gpt gold over 0.4m (from 28.0 to 28.4m) and       78.1 gpt gold over 0.6m (from 52.9 to 53.5m) including       129.1 gpt gold over 0.3m (from 53.2 to 53.5m) in hole GP10-114, and- 6.1 gpt gold over 2.3m (from 23.6m to 25.9m) including, \t16.7 gpt gold over 0.8m (from 25.1m to 25.9m) including,   34.2 gpt gold over 0.3m (from 25.1 to 25.4m) in hole GP10-115, and   - 3.9 gpt gold over 4.6m (from 31.4m to 36.0m) including,   12.9 gpt gold over 1.0m (from 35.0m to 36.0m) including,32.7 gpt gold over 0.3m (from 35.7m to 36.0m) in hole GP10-116, and- 6.11 gpt gold over 2.02 m (from 31.2 to 33.22 including    32.5 gpt gold over 0.3 m (from 31.2m to 31.5m) and4.1 gpt gold over 0.6m (from 32.6m to 33.2m) in hole GP10-117, and- 20.8 gpt gold over 0.5m (from 29.2m to 29.7m) in hole GP10-126.Jaclyn Main Deposit - Central ZoneAll twelve holes (641.1m) were shallow infill drillholes located in the central part of the Jaclyn Main Deposit.  These holes were designed to provide samples of the quartz vein zone over 300 m of strike length for metallurgical testing and to test for structural and grade continuity of the vein zone prior to a planned bulk sampling program scheduled for fall 2010.  The holes were drilled approximately 25m apart and each drill hole intersected the gold-bearing quartz vein zone over widths of 0.16 to 8.45m with ten of the drillholes containing coarse visible gold.    The infill drilling ha...

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