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Planet Drills 30.2 Metres of 1.17 G/T Gold in From-Surface Gold Zone at Golden Loon - Southern British Columbia
(via Thenewswire.ca) December 1, 2011 - Vancouver, B.C. Planet Exploration Inc. ("Planet" or ...
About this update from Planet Ventures Inc
[{"type":"text","content":"\nPlanet Drills 30.2 Metres of 1.17 G/T Gold in From-Surface Gold Zone at Golden Loon - Southern British Columbia\n\n(via Thenewswire.ca)\n\n \nDecember 1, 2011 - Vancouver, B.C. Planet Exploration Inc. (\"Planet\" or the \"Company\") (TSX-V: PXI) is pleased to announce additional results from Phase 1 diamond drilling at the Golden Loon property near Kamloops, southern British Columbia. 16 drill holes totaling 2400 metres were completed. Assays have been received for the first six drill holes. Drilling tested a shallow-dipping, from-surface gold mineralized system that underlies a 1.5 kilometre by 1 kilometre gold-in-soil and bedrock anomaly. New results increase the down-dip extent of the gold zone, which remains open at depth and along strike. Assay results are summarized in the table below:\n\n\n \n\n----------------------------------------------------\n|Drill Hole|From (m)|To (m)|Interval (m)|Gold (g/t)|\n|--------------------------------------------------|\n|GL-11-003 |46.9 |57.8 |11.0 |0.98 |\n|--------------------------------------------------|\n|including |54.0 |55.9 |1.9 |2.91 |\n|--------------------------------------------------|\n|GL-11-004 |31.7 |45.5 |13.8 |2.44 |\n|--------------------------------------------------|\n|including |36.0 |42.8 |6.86 |3.70 |\n|--------------------------------------------------|\n|GL-11-005 |50.6 |60.1 |9.6 |0.97 |\n|--------------------------------------------------|\n|including |50.6 |53.9 |3.3 |2.06 |\n|--------------------------------------------------|\n|GL-11-006 |22.2 |52.4 |30.2 |1.17 |\n|--------------------------------------------------|\n|including |34.2 |49.3 |15.1 |2.06 |\n----------------------------------------------------\n\n\n \nDrill results define a -35° to -45° dipping gold mineralized silicified zone that projects to surface in an area of comparable historic trench results. Historic drilling in this area intersected similar results, including 2.46 g/t gold over 10.4 metres. The new results extend gold mineralization to a minimum 100 metres down-dip from surface.\n\n\n \n\"With the exciting discovery of continuous from-surface, multi-gram gold in all drill holes returned to date, the Golden Loon is emerging as a high development potential project in a favorable, infrastructure-rich district.\" said Chris Taylor, President of Planet, \"The shallow dip of the...