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Confederation Minerals Ltd. Continues to Intersect Wide Zones of Gold Mineralization, including Multiple Zones of High-grade Gold, at its Newman Todd Project, Red Lake District, Ontario
(via Thenewswire.ca) Confederation Minerals Ltd. ("Confederation") (TSX-V: CFM) is pleased ...
About this update from Renegade Gold Inc.
[{"type":"text","content":"\nConfederation Minerals Ltd. Continues to Intersect Wide Zones of Gold Mineralization, including Multiple Zones of High-grade Gold, at its Newman Todd Project, Red Lake District, Ontario\n\n(via Thenewswire.ca)\n\n \nConfederation Minerals Ltd. (\"Confederation\") (TSX-V: CFM)\nis pleased to report continued high grade gold assays from the 2011\ndrilling program at the Newman Todd property, located in the Red Lake\nGold District, Ontario. These additional high-grade intervals of gold\nmineralization are confirming the existence of a major new Red\nLake-style, high-grade gold discovery. The year 2011 witnessed the\nmost extensive drill program on the property to date where 24,707\nmetres were drilled in 56 holes. Drilling has focused on the Newman\nTodd Structure (NTS) where several zones of high grade gold\nmineralization have been drill traced for over a strike length 1.8\nkilometres. A geological mapping program was also undertaken during\n2011, the results of which led to the discovery of high- grade gold\nmineralization in the NTS at surface. It is important to note that\nevery hole drilled into the NTS to date has intersected the\ngold-bearing structure. All work on the Newman Todd project is\nbeing funded by the operator, Confederation Minerals Ltd.\n(Confederation) (TSX.V:CFM). For a summary of results to date, refer\nto the Company's website at www.confederationmineralsltd.com.\n\n\n \nHighlights from the latest drilling include\n\n\n \n-NT-096 intersected 2.0 metres of 15.58 g/t gold including 1.0 metres\nof 29.80 g/t gold\n\n\n \n-NT-097 intersected 59.0 metres of 1.04 g/t gold including 5.0 metres\nof 4.74 g/t gold and including 0.50 metres of 39.50 g/t gold\n\n\n \n-NT-102 intersected several zones including:\n\n\n \n- 15.0 metres of 3.27 g/t gold including 1.0 metres of 36.15 g/t gold\n\n\n \n- 47.0 metres of 2.17 g/t gold including 3.0 metres of 19.42 g/t gold\nand including 1.0 metres of 56.80 g/t gold\n\n\n \n- 42.0 metres of 1.52 g/t gold including 1.0 metres of 17.10 g/t gold.\n\n\n \nSignificant milestones successfully completed and identified on the\nproject to date include:\n\n\n \n-Confirmation of the existence of a large-scale, open-ended,\ngold-bearing hydrothermal system(approximately 2.2km long and over 500\nmeters of depth extent indicated by drilling);\n\n\n \n-Confirmation of the continuation of hig...