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Golden Dory Completes Successful Phase 1 Diamond Drilling Program at the Huxter Lane/Brady Gold Property, Newfoundland
Golden Dory Completes Successful Phase 1 Diamond Drilling Program at the Huxter Lane/Brady Gold P...
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nGolden Dory Completes Successful Phase 1 Diamond Drilling Program at the Huxter Lane/Brady Gold Property, Newfoundland\n\n\n Jul. 8, 2009 (Filing Services Canada) -- Golden Dory Resources Ltd. (GDR - TSX Venture), (\"Golden Dory\") is pleased to announce the successful completion of its Phase 1, 15 hole, 2024 metre diamond drill program at its Huxter Lane/Brady project in Central Newfoundland. The Huxter Lane property was recently acquired under an option agreement with Paragon Minerals Corporation (see February 25, 2009 News Release). Significant results from the current drill program, which targeted the Mosquito Hill Zone, include:* HX09-33 which returned 38.68 metres of 0.57 g/t gold, including 17.05 metres of 0.94 g/t gold and HX09-37 which returned 33.80 metres of 0.51 g/t gold;* Mineralized porphyry was intersected in all completed holes over widths of up to 98 metres;* Confirmation of widespread gold mineralization as previously reported by Paragon Minerals Corporation, and;* Gold-bearing porphyry remains open along strike and to depth.The Huxter Lane property is a near surface, bulk mineable gold target resembling the Fort Knox deposit in Alaska which has proven and probable reserves of 252 million tonnes averaging 0.47 grams per tonne gold or 3.8 million ounces of gold, (Kinross Gold website). Previous widely spaced drilling at the Mosquito Hill Zone has outlined a significant zone of gold mineralization over a minimum 1,000 meter strike length and to a vertical depth of up to 225 metres. The zone is exposed at surface and dips very gently to the south and remains open along strike and to depth. Golden Dory's drill program (holes HX09-32 to HX09-46) focused on the central portion of the Mosquito Hill Zone with drill holes spaced at 50 meter intervals testing a block measuring 300 metres wide by 100 meters along strike. The drilling results are tabled below and along with a drill plan will be placed on the Golden Dory website (www.goldendoryresources.com). Kevin Keats, President and CEO states; \"Our drilling has verified the existence of a very large gold bearing system at Huxter Lane of which only a small portion has been tested in detail. Our drilling indicates that there appears to be a structural influence on the distribution of higher grade mineralization which was not immediately evident from the earlier widely ...