High-Grade Gold Results From Drilling In Red Lake (including 20.15g/t gold over 2.0 meters within 22.0 metres grading 5.23 g/t gold at Newman Todd)

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[{"type":"text","content":"\nHigh-Grade Gold Results From Drilling In Red Lake (including 20.15g/t gold over 2.0 meters within 22.0 metres grading 5.23 g/t gold at Newman Todd)\n\n(via Thenewswire.ca)\n\n \nConfederation Minerals Ltd. (\"Confederation\":TSX.V:CFM) is pleased to report additional results from the on-going drilling program at the Newman Todd property in the Red Lake Gold District, Ontario. The work is being funded and operated by Confederation under option from Redstar Gold Corp. (\"Redstar\":TSX.V:RGC). These results are from wide spaced drilling along the Newman Todd Structure (\"NTS\") where drilling has been continuing since January of 2011. The NTS is a large-scale structural zone which is host to widespread high-grade gold mineralization over a strike length of 1.6 kilometres. The highlight hole from the latest results returned 22.0 metres of 5.23 g/t gold from the area of the prospect known as the \"Hinge Zone\". Within the 22.0 meter interval, a 2.0 meter interval contains 20.15 g/t gold and a 1.0 meter interval contains 41.20 g/t gold. Historical drilling and geophysics indicate that the NTS extends for at least 2.2 kilometres on the property and has significant on-strike exploration potential beyond the 1.6 kilometers already shown to host high-grade gold. For a complete list of drill hole locations and assay results from the Newman Todd drilling program, refer to the Company's website at www.confederationmineralsltd.com.\n\n\n \nHighlights from recently completed 4 drill holes:\n\n\n \n-NT-076 intersected 22.0 metres of 5.23 g/t gold including 2.0 metres of 20.15 g/t gold and including 1.0 metres of 41.20 g/t gold.\n\n\n \n-NT-075 intersected 10 metres of 2.27 g/t gold including 0.50 metres of 8.86 g/t gold and 2.0 metres of 7.16 g/t gold including 1.0 metres of 10.80 g/t gold\n\n\n \nAnalysis of Results\n\n\n \nDrilling at Newman Todd has discovered multiple sub-parallel zones of high-grade gold mineralization often associated with significant widths of lower grade mineralization (see table 1) in a number of target areas. The Hinge Zone has emerged as a priority target returning some of the highest grades and broadest widths (see Table 2). The Hinge Zone is located at a kink or bend in the NTS and is associated with a distinct magnetic anomaly. In addition the Hinge Zone has several alteration and mineralization similarities to ...

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