Business
Latest Drill Results at Newman Todd (Including 10.0 Meters Grading 7.43 g/t Gold) Continue to Expand Very Large Gold-Bearing System
(via Thenewswire.ca) Vancouver, B.C.; Oct 2 nd , 2013; Confederation Minerals Ltd. (TSX....
About this update from Renegade Gold Inc.
[{"type":"text","content":"Latest Drill Results at Newman Todd (Including 10.0 Meters Grading 7.43 g/t Gold) Continue to Expand Very Large Gold-Bearing System(via Thenewswire.ca)\n\n \nVancouver, B.C.; Oct 2nd, 2013; Confederation Minerals Ltd. (TSX.V:CFM; OTCQX:CNRMF): (\"Confederation\" or the \"Company\") is pleased to announce assay results from the final four holes of the 2013 summer drilling program at their Newman Todd gold project in the Red Lake District, northern Ontario. Drilling has continued to focus on the approximately 2 km-long, gold-bearing structural-alteration zone known as the Newman Todd Structure (NTS). Confederation has the right to earn a 70% interest in the project from Redstar Gold Corp. (TSXV:RGC).\n\n\n \nAll four holes reported on here were drilled in the southwest of an area known as the 'Hinge Zone', close to its boundary with the 'Heath Bull Zone'. Drill holes NT-161 and NT-162 were collared at the same location, approximately 60 m to the northeast of holes NT-156 to NT-160, the results of which were previously reported on in the Company's news release dated September 20th, 2013. Both holes were orientated towards the southeast at angles of -45 and -55 degrees, with drill hole NT-162 angled the steepest of the two. Hole NT-161 intersected 1.5 meters of 5.13 g/t gold and 0.5 meters of 20.0 g/t gold. Highlights from drill hole NT-162 include 10.0 meters grading 7.43 g/t gold, including 0.5 meters at 128.0 g/t gold, and 6.0 meters grading 4.57 g/t gold including 0.5 meters at 49.10 g/t gold.\n\n\n \nDrill holes NT-163 and NT-164 were also collared at the same location, approximately 50 m to the northeast of holes NT-161 to NT-162. Both holes were orientated towards the southeast at angles of -45 and -60 degrees, with drill hole NT-164 being the steeper of the two. Highlights from drill hole NT-163 include 5.0 meters grading 3.41 g/t gold, including 0.5 meters at 18.90 g/t gold. Hole NT-164 was weakly anomalous but stopped short of the target depth.\n\n\n \nAssay highlights from this most recent drilling are listed below in Table 1. The locations of these four holes are shown on Figure 1. \n\n\n \nFor a complete description of the geological setting, local geology, a list of drill holes completed to date along with assay highlights for all drill holes, please refer to the Company's website at www.confederationmineralsltd.com. \...