Confederation Completes Winter Phase of Drilling at Newman Todd: Detailed Drilling Within Small Sector of 1.8 Kilometer Mineralized Trend Continues to Intersect Widespread Gold Mineralization at Shallow Depths

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[{"type":"text","content":"Confederation Completes Winter Phase of Drilling at Newman Todd: Detailed Drilling Within Small Sector of 1.8 Kilometer Mineralized Trend Continues to Intersect Widespread Gold Mineralization at Shallow Depths(via Thenewswire.ca)\n\n \nVancouver, B.C.; July 3rd, 2013; Confederation Minerals Ltd. (TSX.V:CFM; OTCQX:CNRMF): (\"Confederation\" or the \"Company\") is pleased to announce the final assay results from the 2012/13 winter drilling program at their Newman Todd gold project in the Red Lake District, northern Ontario. Confederation has the option to earn a 70% interest in the Newman Todd prospect from Redstar Gold Corp. (RGC:TSX.V).\n\n\n \nAs well, we report on interpretations regarding the Company's maturing geological and geochemical understanding provided by the substantial data now available from the 150 diamond drill holes completed along the 1.8 kilometers of the Newman Todd structural-alteration zone identified to date. The Newman Todd Zone varies from approximately 70 to 200 meters in width, hosts intense iron-carbonate alteration, is gold-bearing along its entire 1.8 kilometer length within the property, and remains open to the southwest. Gold mineralization is associated with silicification, and sulphide and magnetite replacement of the iron-carbonate alteration. Detailed drilling during the recent winter program has identified lithologically-controlled zones of high-grade gold mineralization, within larger zones of lower-grade mineralization, such as that reported in the Company's press release from May 1st, 2013 (7.0 meters grading 32.57 g/t gold).\n\n\n \nThe final two holes, NT-149 and NT-150, were drilled on section 1600 NW (refer to Figure 1), both returning significant gold intersections, such as:\n\n\n \n1.0 meters grading 17.86 g/t gold including 0.5 meters grading 26.40 g/t gold in hole NT-149\n\n\n \n1.5 meters grading 8.14 g/t gold including 0.5 meters grading 12.80 g/t gold in hole NT-150\n\n\n \nDrilling highlights of the final two holes of the winter program are tabulated below:\n\n\n \nTable 1: Significant Results\n\n\n \n\n\n\n\n\n\n\n ---------------------------------------------------------\n |HoleID|  |From (m)|To (m)|Width (m)|Au (g/t)|\n |-------------------------------------------------------|\n |NT-149|  |76.0 |77.5 |1.5 |3.04 |\n |-------------------------------------------------...

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