Confederation announces significant high grade gold results from Newman Todd 343 g/t Gold Over 0.6 Metres and 11.1 g/t gold over 2.0 metres including 33.8 g/t Gold over 0.50 metres.

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[{"type":"text","content":"\nConfederation announces significant high grade gold results from Newman Todd 343 g/t Gold Over 0.6 Metres and 11.1 g/t gold over 2.0 metres including 33.8 g/t Gold over 0.50 metres.\n\n(via Thenewswire.ca)\n\n \nConfederation Minerals Ltd. (\"Confederation\") (TSX-V: CFM) is pleased to report bonanza grade gold results from the on-going drilling program at the Newman Todd property in the Red Lake Gold District, Ontario. The work is being funded and operated by Confederation pursuant to an option from Redstar Gold Corp. (TSX.V: RGC). To date, 49 drill holes totaling 19,000 metres have been completed in 2011. Drilling has focused on the Newman Todd Structure (NTS) where gold mineralization has been discovered over a strike length 1.6 kilometres. Confederation has sufficient funds to complete the current drill program and any presently planned drilling in 2012.\n\n\n \nHighlights:\n\n\n \n-Hole NT-083 intersects a 14.30 metre wide zone with two high grade intercepts: 343 g/t gold over 0.60 metre and 33.80 g/t gold over 0.50 metre Hole NT-084 intersects 6.76 g/t gold over 3.0 metres including 13.90 g/t gold over 1.0 metre.\n\n\n \n-Hole NT-080 intersects 1.18 g/t gold over 32.0 metres including 10.91 g/t gold over 1.0 metre.\n\n\n \nHinge Zone Discovery\n\n\n \nLatest results continue to highlight the high-grade potential of the \"Hinge Zone\" area of the NTS where 12 of 13 holes have returned high-grade intervals over a strike length of approximately 450 metres. The Hinge Zone is just one of many significant gold-bearing sectors discovered by the drilling completed to date by the joint venture along the NTS, which has a strike length of over 2 kilometers within the property.\n\n\n \nThis new high-grade discovery has many of the earmarks of the \"High Grade Zone\" (HGZ) in Goldcorp's Red Lake mine located 27 kilometres to the southeast. These include a similar structural setting, open space quartz filling with native gold, gold associated with silica-sulphide replacement zones and broad zones of iron-carbonate alteration. Sections and initial 3D modeling can be found on the company's web site (www.confederationmineralsltd.com). The web site also lists all significant drill results to date from the extensive drilling which has been carried out since January of 2011.\n\n\n \nLawrence Dick, Ph.D., President and CEO of Confederation s...

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