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Beardmore-Geraldton Exploration Update ¿ Gwyn Lake Gold Project
Beardmore-Geraldton Exploration Update ¿ Gwyn Lake Gold Project
About this update from Gold Springs Resource Corp.
[{"type":"text","content":"\nBeardmore-Geraldton Exploration Update – Gwyn Lake Gold Project\n\n\n Apr. 28, 2009 (Baystreet.ca) -- Vancouver, BC, April 28, 2009: Ultra Uranium Corp. (“Ultra”) (TSX.V-ULU) is pleased to announce the completion of a 43-101 compliant technical report on the exploration results from its Gwyn Lake Gold Project situated in the Beardmore-Geraldton Gold Belt in north-western Ontario. The technical report includes detailed descriptions of newly discovered mineralized areas with significant gold grades. \n\nExploration included mechanized trenching by backhoe of discovery areas to expose outcrop for systematic channel sampling and litho-geochemical sampling. \n\nHighlights Include: \n\nThe following table highlights the assays from continuous channel samples with significant gold values of 3 grams per ton or more.\n\n\n Sample #\n Gold \n (grams per ton)\n True Thickness \n (metres)\n Showing\n Name\n 33576\n 6.8\n 1.2\n Gwyn Lake\n 33581\n 8.1\n 1\n Gwyn Lake\n 33585\n 4.5\n 1\n Gwyn Lake\n 33592\n 4.5\n 1\n Gwyn Lake\n 33595\n 7.9\n 0.8\n Gwyn Lake\n 434404\n 4.2\n 1\n Gwyn Lake\n 434412\n 3.1\n 0.8\n Gwyn Lake\n 434415\n 21.6\n 0.5\n Gwyn Lake\n 434417\n 11.3\n 0.5\n Gwyn Lake\n 434423\n 6.0\n 0.7\n Gwyn Lake\n 434424\n 14.8\n 0.8\n Gwyn Lake\n 434425\n 31.0\n 0.3\n Gwyn Lake\n 434426\n 7.2\n 0.9\n Gwyn Lake\n 434444\n 12.0\n 0.8\n Gwyn Lake\n 82446\n 3.1\n 1\n Gwyn Lake\n 72008/1\n 5.6\n 0.5\n Gwyn Lake\n 12871\n 3.4\n 1\n Ralph Lake\n 12872\n 5.2\n 1\n Ralph Lake\n 12873\n 7.8\n 1\n Ralph Lake\n 12887\n 3.1\n 1\n Ralph Lake\n 12893\n 3.3\n 1\n Ralph Lake\n 12924\n 16.8\n 0.9\n Ralph Lake\n 613643\n 3.4\n 0.8\n Gwyn Lake W\n 482456\n 3.3\n 0.8\n Gwyn Lake W\n 82421\n 8.4\n 1\n Camp Lake\n 613681\n 3.7\n 0.7\n Cliff Lake\n \nGold in Banded Iron Formations\n\nThe banded iron formations are made up of alternating bands of saccharoidal quartz with magnetite and/or hematite. Deformation and hydrothermal processes produced conformable shear zones and parallel to cross-cutting quartz/carbonate veins hosting disseminated sulphides and/or massive sulphide with gold. Gold associated with the banded iron formations occurs mainly as inclusions in the arsenopyrite ranging in size from a few microns to 0.5 (1) millimeters.\nThe banded iron formations are commonly tightly folded and the fold axes dip vertical to sub-vertic...