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Deep Hole at Newman Todd Intersects 100 Meter-Wide Depth Extension of Newman Todd Gold-Bearing Structure to 932 Meters True Depth: New Winter-Spring Drilling Program Initiated.
(via Thenewswire.ca) Highlights -Gold mineralization intersected at 832 meters true dep...
About this update from Renegade Gold Inc.
[{"type":"text","content":"\nDeep Hole at Newman Todd Intersects 100 Meter-Wide Depth Extension of Newman Todd Gold-Bearing Structure to 932 Meters True Depth: New Winter-Spring Drilling Program Initiated.\n\n(via Thenewswire.ca)\n \n \nHighlights\n\n\n \n-Gold mineralization intersected at 832 meters true depth below surface\n\n\n \n-Gold-hosting Newman Todd structure exhibits true width of 100 meters at 932 meters true depth\n\n\n \nPotential volume of gold-hosting Newman Todd structure significantly increased\n\n\n \n-New drill program underway which will focus on determining shape and continuity of mineralized zones, selected for gold content and a size conducive to mining, and to test continuity both to depth and towards surface. \n\n \n \nVancouver, B.C., January 18, 2013: Confederation Minerals Ltd. (TSX.V: CFM): (\"Confederation\" or the \"Company\") announces that final results from the fall drilling program have been received and as part of its ongoing drilling program at their Newman Todd gold project, located near Red Lake, Ontario, the winter program has been initiated. The fall program included the first deep hole, NT-129, on the property to test the depth extension of the gold-hosting Newman Todd structure (NTS) which has been shown by drilling to date to host gold mineralization over a strike length of 1.8 kilometers, and remains open to the south. This deep hole is in contrast to drilling to date that has targeted a corridor, along the entire strike of the system, between 200 and 400 meters depth (refer to the Company's website at www.confederationmineralsltd.com for summaries of all holes drilled to date including detailed maps of hole locations and significant intersections.) \n\n\n \nDeep Test\n\n\n \nDrill hole NT-129, was drilled contrary in direction to the majority of previous holes, that is from the hanging wall towards the footwall of the NTS, and was completed to a drilled depth of 1024 meters, or 982 meters true depth below surface. The hole entered the host rock, a carbonate breccia which can reach hundreds of meters wide at surface, at a depth of 787 meters below surface and exited the unit at 932 meters below surface. Thus the Newman Todd structure maintains its substantial width, along with its strongly altered character, and therefore its potential to continue hosting gold mineralization, for nearly 1 kilometer below surfa...