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Manado Intersects 24.52 Metres of 2 Grams of Gold and 2 Grams af Silver (Including 6 Metres of 4.225 Grams of Gold and 4.0 Silver) on Takla Property in B.C.
(via Thenewswire.ca) January 13, 2014 - Vancouver, British Columbia, Manado Gold Corp....
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[{"type":"text","content":"Manado Intersects 24.52 Metres of 2 Grams of Gold and 2 Grams af Silver (Including 6 Metres of 4.225 Grams of Gold and 4.0 Silver) on Takla Property in B.C.(via Thenewswire.ca)\n\n \nJanuary 13, 2014 - Vancouver, British Columbia, Manado Gold Corp. (\"Manado\") (TSX-V: MDO) is pleased to announce that it has received the assay results for its five-hole confirmation diamond drilling program on the Takla-Rainbow Property. In November, a total of 605.8 metres of NQ-core size diamond drilling was completed on four 50-metre spaced sections to confirm the known gold-bearing mineralization within the West Zone on the Takla-Rainbow Property.\n\n \n \nThe six claims comprising the 4,545-hectare Takla-Rainbow Property are located in north-central British Columbia, approximately 152 kilometres north-northwest of Fort St. James. Manado has an option to acquire a 100% interest in the Takla Property by making aggregate cash payments of $150,000, issuing an aggregate of 600,000 common shares and incurring $250,000 exploration expenditures over four years. (See Manado's November 25, 2013 news release on SEDAR for a brief description of the exploration history and geology of the Takla-Rainbow Property.) \n\n \n \nThe assay results for significant mineralized intercepts within the five diamond drill holes have been summarized in the following table.\n\n\n \nSignificant Weighted Average Diamond Drill Intercepts* Note: Intercept intervals are drilled lengths, not true widths.\n\n\n \nDrill holes TR13-87 and -88 were collared to test the central and southeastern extension of the West Zone respectively. Both drill holes intersected several mineralized zones with strong to intense quartz flooding and pyrite mineralization with associated trace to significant precious and base metal mineralization.\n\n \n \nOf particular interest is the intersection of 24.52 metres of sulphide mineralization at the bottom of TR13-88 which returned a weighted average grade of 2.011 gpt gold and 2.0 gpt silver. This drill hole had to be terminated in the mineralized zone prior to its planned length due to weather and logistical considerations. This drill hole intersected quite shallow mineralization between the known West and East Zones, an area of little historic drilling. Future drilling will be required to test the lateral and vertical continuity of the mineralization...