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Golden Dory Expanding Mosquito Hill Deposit at the Huxter Lane Option, Newfoundland
Golden Dory Expanding Mosquito Hill Deposit at the Huxter Lane Option, Newfoundland
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nGolden Dory Expanding Mosquito Hill Deposit at the Huxter Lane Option, Newfoundland\n\n\n Jun. 23, 2010 (TheNewswire.ca) -- GANDER, NEWFOUNDLAND - June 23, 2010 - Golden Dory Resources Corp. (TSXV:GDR)(\"Golden Dory\") is pleased to announce results from a portion of the recently completed Phase 1, 3016 meter diamond drill program at the Huxter Lane Option in central Newfoundland. Highlights include:-Deposit expanded in the up dip and down dip directions and remains open-All holes encountered mineralization of higher grade than the initial resource estimateTo date, assays have been received for the first seven holes of 14 holes completed at Mosquito Hill, part of the Huxter Lane property under option from Paragon Minerals Corporation (OOTC:PAONF) (TSXV:PGR) (TSX.V-PGR).\nHX-10-47 From (m) To (m) Length (m*) g/t Au Grams x Meters \nDip -55o 77.00 145.00 68.00 0.78 53.04 \n incl. 78.00 108.00 30.00 1.02 30.60 \n and 83.00 87.00 4.00 2.18 8.72 \n \nHX-10-48 97.41 128.00 30.59 0.64 19.58 \nDip -45o incl. 121.87 128.00 6.13 1.16 7.11 \n \nHX-10-49 92.00 124.00 32.00 0.54 17.28 \nDip -45o Incl. 118.00 124.00 6.00 1.03 6.18 \n \nHX-10-50 68.58 80.00 11.42 0.56 6.39 \nDip -45o Incl. 75.32 80.00 4.68 1.02 4.77 \n 91.00 201.00 110.00 0.50 55.00 \n Incl. 91.00 101.00 10.00 1.52 15.20 \n and 120.00 130.87 10.87 1.13 12.28 \n \nHX-10-51 34.75 42.47 7.72 1.16 8.96 \nDip -45o Incl. 39.00 42.00 3.00 2.54 7.62 \n \nHX-10-52 72.50 155.00 82.50 0.56 46.20 \nDip -45o Incl. 102.00 148.00 46.00 0.70 32.20 \n and 102.00 120.00 18.00 1.01 18.18 \n \nHX-10-53 54.30 65.20 10.90 0.60 6.54 \nDip -45o and 149.10 209.70 60.60 0.74 44.84 \n Incl. 165.50 191.35 25.85 1.05 27.14 \n*Reported widths are believed to represent at least 95% of true widths.The Mosquito Hill deposit has NI 43-101 compliant resources (prepared by Giroux Consultants) which include an indicated resource of 4.47 million tonnes averaging 0.526 g/t Au for 75,600 ounces gold, and an inferred resource of 32.9 million tonnes averaging 0.461 g/t Au for 488,800 ounces gold at a cutoff of 0.30 grams per tonne gold. Over 90% of the resource estimate occurs at depths shallower than 200 metres below surface. The mineralized intrusion is exposed along its northern edge and dips gently to the southwest and remains open for expansion along strike and dip. The Huxter Lane project has excellent road ac...