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Planet Drills 39.4 Metres of 1.05 G/T Gold in New From-Surface Gold Discovery at Golden Loon – Southern British Columbia
(via Thenewswire.ca) January 10, 2012 - Vancouver, B.C. Planet Exploration Inc. ("Planet" o...
About this update from Planet Ventures Inc
[{"type":"text","content":"\nPlanet Drills 39.4 Metres of 1.05 G/T Gold in New From-Surface Gold Discovery at Golden Loon – Southern British Columbia\n\n(via Thenewswire.ca)\n\n \nJanuary 10, 2012 - Vancouver, B.C. Planet Exploration Inc.\n(\"Planet\" or the \"Company\") (TSX-V: PXI) is\npleased to announce final results from Phase 1 diamond drilling at the\nGolden Loon project near Kamloops, southern British Columbia. Drill\nhole GL-11-012 intersected 39.4 metres of 1.05 g/t gold, including 3.4\nmetres of 5.39 g/t gold, discovering a new major gold zone to the east\nof previously reported drill results. The new results underlie a\nsmall portion of the eight square kilometre gold-in-soil and bedrock\ntarget now defined at the Golden Loon. Highlights are summarized in\nthe map and table below. The next phase of diamond drilling is\nexpected to begin shortly, in winter/spring 2012.\n\n\n \nTo View Map Image, please copy and paste URL below into a new browser:\n\n\n \nhttp://thenewswire.ca/client_files/2012-01-09-0.pdf\n\n\n \nFigure : Map of eight square kilometre gold-in-soil anomalous zone,\nwith drill traces and significant bedrock grab samples plotted for\nreference. Gold-in-soil strength is affected by soil type and\nthickness of glacial sediments, which range from absent to 10+ metres.\n\n\n \n\n ----------------------------------------------------\n |Drill Hole|From (m)|To (m)|Interval (m)|Gold (g/t)|\n |--------------------------------------------------|\n |GL-11-008 |40.3 |42.9 |2.6 |1.26 |\n |--------------------------------------------------|\n |GL-11-009 |36.6 |42.2 |5.6 |0.74 |\n |--------------------------------------------------|\n |including |41.6 |42.2 |0.56 |6.30 |\n |--------------------------------------------------|\n |GL-11-010 |122.5 |128.5 |6.0 |1.03 |\n |--------------------------------------------------|\n |GL-11-011 |33.3 |41.0 |7.7 |0.81 |\n |--------------------------------------------------|\n |including |38.9 |41.0 |2.1 |1.78 |\n |--------------------------------------------------|\n |GL-11-012 |170.0 |209.4 |39.4 |1.05 |\n |--------------------------------------------------|\n |including |178.1 |181.4 |3.4 |5.39 |\n |--------------------------------------------------|\n |including |179.5 |181.5 |2.0 |8.07 |\n |--------------------------------------------------|\n |GL-11-015 |145.4 |147.9 |2.6 |0.93 |\n ------...