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Vencan Gold Exploration Strategy Presentation 2006 Which Includes 2 X 1,500 Meter Drill Hole Programs on Both the Company's Gold & VMS Targets....Included in Presentation is Complete Review of Drill Targets....First Tranche Financing Completed
Vencan Gold Exploration Strategy Presentation 2006 Which Includes 2 X 1,500 Meter Drill Hole Programs on Both the Company's Gold & VMS Targets....Included in Presentation is Complete Review of Drill Targets....First Tranche Financing Completed.
About this update from Rpx Gold Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Jan. 3 /CNW/ - Vencan Gold Corporation (VCG, TSX Venture\nExchange)\nKirk McKinnon President & CEO stated, \"The Company is very pleased to\npresent a full overview of Vencan's 2006 Exploration Strategy. This review and\ngo forward strategy clearly outlines the potential for gold and VMS success on\nour extensive property holdings. Although the initial drilling did not produce\nsignificant intersections of gold, the new geological information from the\ndrill program on both the gold and VMS targets should certainly improve the\nprobability of success for the next phase of exploration.\"\n\nEXPLORATION PRESENTATION 2006 ON WEBSITE\n----------------------------------------\n\nWe encourage our shareholders to carefully review this presentation and\ncordially invite new prospective shareholders to critique our exploration\npotential by visiting Vencan's website at www.vencan.com and reading this\nreport.\nThis report provides both historical data and new interpretation that\ncombined deliver a very compelling exploration opportunity. The potential for\na larger VMS discovery on the Falconbridge Ltd. Optioned ground is outlined in\nthe exploration strategy. The gold targets on the acquired Gagne ground are\nalso outlined in the presentation which includes new interpretation from\nVencan's data and recently acquired historical data.\n\nExploration Results - Fall 2005 Program\n---------------------------------------\n\nHighlights:\n\n- CC88-05-07 and 08 extended the Main Trench zone (16.87 g/t over\n 2.0 metres) of brecciated chert-magnetite iron formation to a vertical\n depth of 85 metres.\n- CC88-05-09 intersected a wide zone of gold/silver mineralization\n (0.46 g/t Au and 14.37 g/t Ag over 5.25 metres) 25 metres vertically\n below an historic Falconbridge drill hole (668-84-4), which\n intersected 2.84 g/t Au over 9.3 metres. The historic drill hole was\n not assayed for silver. These holes were drilled into strongly\n sulphidized chert-magnetite iron formation in contact with pyrite-\n pyrrhotite bearing felsic fragmentals.\n- CC88-05-10 intersected two (2) gold-bearing zones beneath the historic\n L9+50W Trench (3.91 g/t Au over 1 metre) within mineralized chert-\n magnetite iron formation at vertical depths of 25 and 45 metres.\n- Historic data compilation on the Cayenne East property, which contains\n th...