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Crosshair Intersects 19.9 gpt Gold Over 1.6 Metres
Crosshair Intersects 19.9 gpt Gold Over 1.6 Metres
About this update from Global Crossing Airlines Group, Inc.
[{"type":"text","content":"\nCrosshair Intersects 19.9 gpt Gold Over 1.6 Metres\n\n\n Apr. 8, 2010 (Filing Services Canada) -- Crosshair Exploration & Mining Corp. (CXX - TSX, CXZ - American), is pleased to announce results from the ongoing 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).  To date Crosshair has completed 31 drillholes (5,089 metres) of the planned 36 drillhole (6,500 metres) diamond drill program.  Highlights of the current program include:* Jaclyn Main Zone extended 100 metres east of the current 43-101  compliant resource estimate;* Assays up to 19.9 g/t gold over 1.60 metres from the eastern extension;  * Coarse visible gold intersected in 17 of the 31 drillholes completed in  this program;* 12 metallurgical test drillholes (641.1 metres) completed in central  portion of Jaclyn Main Zone;* Jaclyn North Zone extended 200 metres east - extends strike length to  450 metres on wide-spaced drilling. Jaclyn Main Zone Eight drillholes (2,126 metres) were completed on the eastern extension of the Jaclyn Main Zone and have extended the gold-bearing quartz vein zone a further 100 metres to the east of the currently defined 43-101 compliant resource.  Significant assays from drilling include 19.9 g/t gold over 1.6 metres in hole GP10-121 and 5.18 g/t over 0.3 metres in hole GP10-108.  The Jaclyn Main Zone now extends over a strike length of 900 metres and to a depth of 275 metres.  The zone remains open along strike and to depth. An additional 1,400 metres of drilling remains to be completed on the eastern extension.\"Our 2010 drill program is moving ahead very nicely with results meeting our expectations,\" says Stewart Wallis, President and CEO of Crosshair.  \"We are achieving our three objectives for the program including extending the strike length of the Jaclyn Main Zone.  Although it's very encouraging to intersect these grades, our main focus remains targeting the vein.  As is typical with a high nugget-effect gold deposit, drilling alone may not result in a reliable grade of the deposit.  Studies indicate that assays from drill holes typically understate the actua...