TSX-V: MDL VANCOUVER, Sept. 6 /CNW/ - Medallion Resources Ltd (TSX-V: MDL) announces that core drilling operations have been suspended at Ocelot, Nevada. Medallion's drilling contractor, Frontier Drilling, is in the process of locating and mobilizing a larger core drill, which is more suited to the rock conditions at site MDL1-06, where heavily silicified and fractured hot-springs sinter rocks were encountered from just below the surface to a depth of over 200 feet. Geologically, these deposits are encouraging and, as caps over possible deep gold mineralization, they are key elements of the epithermal quartz-adularia gold-exploration model; however, the type of core drill initially in use was not designed to economically deal with significant thicknesses of this type of rock. Mobilizing the new drill will take additional time but its capabilities will reduce overall costs. Medallion Resources Ltd (TSX-V: MDL) is exploring the Ocelot gold property, which is located 40 kilometres northwest of Austin, Nevada. Exploration targets potentially deep, high-grade mineralization of the epithermal quartz-adularia gold-exploration model. This model is exemplified by gold deposits such as Midas, Silver Cloud, and deeper portions of Sleeper and Grassy Mountain. Typical of the epithermal quartz-adularia gold model, the Ocelot property contains widespread occurrences of silicification, anomalous gold values and a quartz-adularia hot-springs system. The Ocelot property lies at the intersection of two major Nevada gold trends, the Independence - Crescent Valley Lineament and the Austin-Lovelock mineral belt. Both trends host significant gold deposits and the intersection of the two trends creates an excellent gold-exploration target. The Austin-Lovelock mineral belt is parallel to, and west of the Battle Mountain trend. ON BEHALF OF THE BOARD OF DIRECTORS "William H Bird", PhD, PGeo President & CEO William H. Bird, PhD, PGeo, serves the Board of Directors of the Company as an internal, technically Qualified Person. Technical information in this news release has been reviewed by Dr Bird and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. This news release was prepared by Company management, who take full responsibility for content. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.