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Planet Drills 80 Metres of Silicified Sulfide-Mineralized Zone at Golden Loon Project, Southern British Columbia
(via Thenewswire.ca) February 21, 2012 - Vancouver, B.C. Planet Exploration Inc. ("Planet" ...
About this update from Planet Ventures Inc
[{"type":"text","content":"\nPlanet Drills 80 Metres of Silicified Sulfide-Mineralized Zone at Golden Loon Project, Southern British Columbia\n\n(via Thenewswire.ca)\n\n \nFebruary 21, 2012 - Vancouver, B.C. Planet Exploration Inc.\n(\"Planet\" or the \"Company\") (TSX-V: PXI) announces\nit has intersected more than 80 metres of silicification with sulfide\nmineralization while testing the projection of previously reported\nresults at the Golden Loon project near Kamloops, southern British\nColumbia. The mineralized zone continues down-dip from visually\nsimilar mineralization drilled in late 2011 which returned 30.2 metres\nof 1.17 g/t gold in drill hole GL-11-006.\n\n\n \nAssays have been rushed and follow-up drilling is underway.\n\n\n \nStrong silica alteration plus sulfides are present from approximately\n30 metres to 115 metres in drill hole GL-12-017. Drilling is testing\na from-surface, shallowly plunging mineralized target within one of\nthe large structurally-associated, silicified and gold-mineralized\nzones that Planet has drilled for over 700 metres of strike. These\nzones remain open to extension beneath an 8 square kilometre\ngold-in-soil and bedrock system.\n\n\n \nMultiple drill targets have been identified through a combination of\nsoil geochemistry, ground-based geophysics, geological mapping and\nprospecting, maps of which are posted to the Company's web site. Only\ntwo of these targets have been drill tested to date, both with\npositive results.\n\n\n \n\"The Company is very pleased with the rapidly expanding scope of\nthe from-surface gold-mineralized system now being drilled at the\nGolden Loon, and plans to continue aggressive follow-up drilling\nthroughout 2012.\" said Chris Taylor, President of Planet.\n\n\n \nMr. Andrew Wilkins, P.Geo, is Vice President Exploration of Planet and\nis the Qualified Person as defined by National Instrument 43-101, who\nsupervised the preparation of the above information.\n\n\n \nFor further information please contact Mr. Chris Taylor, M.Sc. P.Geo,\nPresident, or Mr. Robert Orr, Investor Relations at 604-681-0084.\n\n\n \nPLANET EXPLORATION INC.\n\n\n \nOn behalf of the Board\n\n\n \n\"Chris Taylor\"\n\n\n \nChris Taylor, President\n\n\n \nAbout Planet Exploration\n\n\n \nPlanet Exploration is a Canadian mineral exploration company focused\non exploration for high development potential gold resource...