Confederation Minerals Ltd. Intersects 27.00 metres of 5.95 g/t gold including 1.0 metre of 139.0 g/t gold;17.53 g/t gold over 5.0 meters; and numerous additional significant gold intercepts at its Newman Todd Project, Red Lake District, Ontario

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[{"type":"text","content":"\nConfederation Minerals Ltd. Intersects 27.00 metres of 5.95 g/t gold including 1.0 metre of 139.0 g/t gold;17.53 g/t gold over 5.0 meters; and numerous additional significant gold intercepts 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 drill results from the\nNewman Todd Property, an emerging, high-grade gold discovery in the\nRed Lake District of Ontario. High-grade gold mineralization has been\nidentified at surface and down to a depth of approximately 500 metres\nand over the 1.8 km strike length tested to date.\n\n\n \nDuring 2011, 56 holes (totaling 24,707 metres) were drilled into the\nNewman-Todd structural-alteration zone (NTS) resulting in the\ndiscovery of many zones of high-grade gold mineralization over the\n1.8 kilometres strike length enveloped by much wider zones of\nlower-grade gold mineralization. Significantly, every drill hole\ncompleted during the program intersected gold mineralization. The NTS\nis open at depth and along strike and a further approximately 400\nmetres of the NTS on Confederation's ground has yet to be tested.\n\n\n \nGeological similarities between the Campbell-Red Lake gold deposit and\nthe Newman Todd discovery, both situated in the same greenstone belt,\nare being recognized as more data and interpretation become available.\n\n\n \nExploration work on the Newman Todd project is being operated and\nfunded by Confederation, which has a current cash position of $9\nmillion available for further exploration and general expenses.\n\n\n \nHighlights from the latest set of assays received are listed below:\n\n\n \n-NT-103 intersected 60.60 g/t Gold over 1.0 metres (400m below the\nsurface)\n\n\n \n-NT-104 intersected 21.60 g/t Gold over 1.5 metres\n\n\n \n-NT-105 intersected 1.34 g/t Gold over 46.0 metres\n\n\n \n-NT-105W1 intersected 1.56 g/t gold over 38.0 metres including 3.83\ng/t gold over 11.0 metres.\n\n\n \n-NT-108 intersected 3.41 g/t gold over 27.50 metres including 145.0\ng/t gold over 0.50 metres and 5.94 g/t gold over 27.0 metres including\n139.0 g/t gold over 1.0 metres\n\n\n \n-NT-109 intersected 7.11 g/t gold over 13.0 metres including 17.53 g/t\ngold over 5.0 metres and including 114.0 g/t gold over 0.50 metres.\n\n\n \nFor a detailed ...

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