Confederation drills 7 metres grading 32.57 g/t gold in shallow (approximately 150 metres below surface) drilling at the Newman Todd gold project (under 70% Option Agreement from Redstar Gold), Red Lake district, Ontario.

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[{"type":"text","content":"\nConfederation drills 7 metres grading 32.57 g/t gold in shallow (approximately 150 metres below surface) drilling at the Newman Todd gold project (under 70% Option Agreement from Redstar Gold), Red Lake district, Ontario.\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., May 1, 2013, Confederation Minerals Ltd. (CFM:TSX.V) is pleased to report results from the latest drill holes from the Newman Todd gold project, located in the Red Lake mining district. The interpretation of the geological controls affecting mineralized zones is now beginning to demonstrate continuity along strike and down dip, resulting in a high success rate in recent targeted drilling. The wide, 7 metre intersection grading 32.57 g/t gold, just approximately 150 metres below the surface, is an example of results based on our current geological model.\n\n\n \nConfederation has the option to earn a 70% interest in the Newman Todd prospect from Redstar Gold Corp. (RGC:TSX.V). To date, Confederation has drilled 96 diamond drill holes for a total of 38,987 metres since the Company initiated drilling in 2011. Results from the drilling have demonstrated the continuous nature, both along strike and to depth, of gold- and sulphide-bearing, quartz-carbonate breccia which varies in width from approximately 70 metres to over 200 metres. Gold-bearing intervals have been intersected in drill holes along approximately 1.8 kilometres of strike within the carbonate breccia host rock. The zone remains open for an additional 400 metres to the SW where the continuation of the breccia has yet to be drill tested, and continues to depths in excess of 1.0 km. The volume of gold-bearing carbonate host rock, and the strike length and depth of gold intersections within the host rock, indicate the potential for a very large volume of gold-bearing mineralization.\n\n\n \nThe most recent results returned from our winter drilling program, tabulated below, are from drill holes NT-142 to NT-148. These holes are targeting a short, 200 metre-long strike length of the gold-hosting carbonate breccia known locally as the Hinge Zone. The objective of the close-spaced drilling (approximately 25 metres between drill hole collars) is to gain detailed information regarding the shape, and strike and depth extent of individual gold-bearing zones. This information is to be used to identify controls on gol...

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