Drilling at Newman Todd intersects 11.25 metres of 5.75 g/t gold and 58.00 metres of 1.11 g/t gold

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[{"type":"text","content":"\nDrilling at Newman Todd intersects 11.25 metres of 5.75 g/t gold and 58.00 metres of 1.11 g/t gold\n\n(via Thenewswire.ca)\n\n \nConfederation Minerals Ltd. (\"Confederation\") (TSX-V: CFM) is pleased to report continued high grade drill results from the on-going drilling program at the Newman Todd property in the Red Lake Gold District, Ontario. The work is being operated and funded by Confederation pursuant to an option to earn a 70 percent interest in the project from Redstar Gold Corp. (TSX.V:RGC).\n\n\n \nTo date, 52 drill holes totaling 20,000 metres have been completed in 2011, and drilling continues with two drills operating 24 hours per day. Drilling has focused on the Newman Todd Structure (NTS) where gold mineralization has been discovered over a strike length 1.6 kilometres and remains open to the SE.\n\n\n \nResults reported in this release include Hole NT-087, drilled into the Hinge Zone, which intersected five separate high grade gold intervals with an additional wide interval of 1.11 g/t gold over 58.0metres.\n\n\n \nHighlights:\n\n\n \n-Hole NT-087 intersects 10.60 g/t gold over 0.50 metres and 15.90 g/t gold over 1.00 metres and 11.25 g/t gold over 5.75 metres including 97.80 g/t gold over 0.50 metres and 12.80 g/t gold over 1.00 metres.\n\n\n \n-Hole NT-087 also intersects 58.00 metres of 1.11 g/t gold.\n\n\n \n-Hole NT-089 intersectes 10.40 g/t gold over 1.0 metres\n\n\n \n-Hole NT-090 intersects 28.80 g/t gold over 1.0 metres\n\n\n \n-Hole NT-091 intersects 11.60 g/t gold over 1.0 metres\n\n\n \nDiscussion of Results:\n\n\n \nThis latest group of results are from drill holes located within the Hinge Zone (NT-087 and NT-086) and continue to exhibit wide-spread, high-grade gold mineralization within the central part of the NTS. Holes 88 and 91 were drilled in the north-eastern part of the NTS, approximately 400 metres northeast of the Hinge Zone while holes 89 and 91 were drilled in the south-western part of the NTS approximately 400 metres southwest of the Hinge Zone. (Refer to Confederation's web site at www.confederationmineralsltd.com for figures showing the location of the NTS, all drill holes announced to date, the Hinge and other zones of high-grade gold mineralization and a complete listing of assay results).\n\n\n \nGold mineralization continues to be associated with veining and silica-sulphide repl...

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