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Kootenay Gold Inc. - Surface samples grading 37.5 g/t gold & 769.0 g/t silver indicate the potential for a bonanza grade system at the Santa Lucia Gold Property in Sonora, Mexico
Kootenay Gold Inc. - Surface samples grading 37.5 g/t gold & 769.0 g/t silver indicate the po...
About this update from Trans Canada Gold Corp
[{"type":"text","content":"\n\n\n\n May 20, 2010 (Canada NewsWire Group) -- Kootenay Gold Inc. (TSX-V: KTN) and Arctic Hunter Uranium Inc. (CNSX: AHU) are pleased to announce the results of a surface grab sampling program from the Santa Lucia Gold and Silver project in Sonora, Mexico. A significant number of high grade samples were obtained along a 300 meter length at the Santa Lucia Gold & Silver project indicating the potential for a large bonanza grade system with assays that include:\n\nGold: 37.5 g/t, 28.2 g/t, 26.1 g/t, 23.4 g/t, 12.35 g/t and 9.15 g/t\n\nSilver: 769 g/t, 473 g/t, 82 g/pt, 1525 g/t, 482 g/t, and 574 g/t\n\nJim McDonald, CEO of Kootenay Gold and Tim Coupland, CEO of Arctic Hunter both commented, "That the results from the surface sampling and preliminary geologic mapping continue to support and confirm the belief that the Santa Lucia Gold & Silver Property has the potential for hosting a large buried epithermal gold-silver deposit. We both look forward to receiving the results of the recently completed 3D-IP survey in preparation for the commencement of a comprehensive drilling program".\nA total of 133 grab samples were collected during a recent extensive property mapping program to gain a better understanding of the extent of anomalous mineralization along the 4 kilometer trend comprised of the Fortuna, San Geronimo, Central and South zones. Of these, 43 samples returned anomalous gold over 0.1 g/t gold with 26 greater than 0.5 g/t gold, and 18 greater than 1.0 g/t gold.\nThese results complement previous sampling from the Central zone which showed comparable results indicating the potential for bonanza grade gold and silver mineralization. A 3D-IP survey comprising 20 line kilometers has been completed and results are now being processed. The 3D-IP geophysical program is concentrating on the Santa Lucia north area where preliminary geologic mapping and sampling has been successfully completed. The results from the 3D-IP will aid in target definition and will form part of the basis for a comprehensive diamond drilling program at Santa Lucia. A release of these geophysical results will be made once available. Following the completion of the 3D-IP program and receipt of all required drill permits, drilling will commence on all high priority targets.\nThe Santa Lucia north area has four known mineralized zones forming a 1 by...