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Kalahari Intersects 0.86 Opt Over 6 Ft On Lamaque Project
Kalahari Intersects 0.86 Opt Over 6 Ft On Lamaque Project
About this update from Icg Silver & Gold Ltd.
[{"type":"text","content":"Kalahari Intersects 0.86 Opt Over 6 Ft On Lamaque Project\n\n\n\nKalahari Intersects 0.86 Opt Over 6 Ft On Lamaque Project\n\nHighlights: O.863 Opt Gold Over 6 Ft * (Minimum Mining Width); 0.709 Opt Gold Over 6 Ft And 0.621 Opt Gold Over 6.6 Ft\n\nVancouver, British Columbia CANADA, November 21, 2008 /FSC/ - Kalahari Resources Inc. (KLA - TSX Venture), is pleased to announce assay results from a recent drilling program designed to test for extensions along strike and down-dip of known gold zones on the 3,800-acre Lamaque Property near Val d'Or, Quebec. The wholly owned property is situated one km south of the prolific \"Cadillac Break\" and immediately south of the Lamaque and Sigma Mines, which have collectively produced more than 9 million ounces of gold since the 1930s.\n\nThe recently completed program included 22,923.33 feet of NQ diamond drilling in 29 holes testing the No. 10 Vein and Parallel Zones, which lie about 700 meters east of the Lamaque Mine and 1 km south of the Sigma Mine.\n\n* Results for holes DDH 10-08-16 to 08-29 indicate that the zone is cut off to the east, while holes V10-08-01 to 08-15 show potential to depth and in a westerly strike direction. (See results listed below). \n* Results from recent drilling will be combined with results of historical drilling by Teck Cominco (the previous operator) to produce an updated resource estimate for the No. 10 Vein and Parallel Zone.\n\n\"We are pleased by the results of the recent drilling program, which together with results of previous drilling confirm the potential to expand resources at the Lamaque Property,\" said Don Cross, P. Eng. \"The next phase of drilling will be designed to extend the zones to depth and in a westerly direction.\"\n\nSince acquiring rights to the Lamaque Property from Teck Cominco in 2003, Kalahari Resources has conducted exploration programs designed to test priority zones and expand resources. Two of the zones, the No. 4 Plug and the No. 10 Zone, collectively have an Inferred Mineral Resource of 1,365,000 tons grading 0.186 oz. Au/ton (cut*) or 0.275 oz. Au/ton (uncut) as audited and reclassified by a Watts Griffis & McOuat's NI 43-101 Technical Report dated September 2004. (*High gold values cut to 1 oz Au/ton).\n\n-***-\n---------------------------------------------\n| ZONE  ...