Lund Commences Black Fox Exploration
2008年9月10日 - 5:34AM
Marketwired
Lund Gold Ltd. (TSX VENTURE: LGD) ("Lund") is pleased to announce
the commencement of gold exploration on the Black Fox property in
northwestern Ontario. The first phase program is comprised of
detailed geological and geochemical sampling, prospecting,
trenching and geophysics followed by diamond drilling.
The Black Fox property is located approximately 225 kilometres
east of Thunder Bay and approximately 70 kilometres west of the
Hemlo Gold deposit. The Trans Canada Highway (Highway 17) and the
national railway cross the southern portion of the property and
provide excellent access to the property. High tension power
transmission lines cross the property's north boundary.
The property lies within the Schreiber-Hemlo Greenstone Belt
which is host to the 25 million ounce Hemlo Gold deposit. The
world-class Hemlo deposit was the major gold discovery in Canada
during the 1980's, and was for numerous years responsible for
almost one third of Ontario's annual gold production.
The Black Fox property contains extensive alteration zones
characterized by intense quartz/sericite/pyrite and
quartz/fuchsite/pyrite schists associated with shearing which is
parallel and sub-parallel to regional structures, and locally
associated with gold mineralization and significant high grade gold
float samples.
Despite its easily accessible location, only sporadic gold
exploration has taken place since the 1890's. Prospector interest
resurfaced after Operation Treasure Hunt in 2000 when the Ontario
Ministry of Northern Development and Mines ("MNDM") performed
regional airborne geophysical surveys over the region. This work
led to the discovery by prospectors of gold showings with
associated alteration zones along a greater than 2-kilometre south
west regional trend crossing the Black Fox property. Of particular
note is the discovery of high grade gold float located along this
trend, near the centre of the Black Fox property, where sampling
and assaying by the Ontario MNDM office in Thunder Bay returned
consistent results ranging from 165 to 189 g/t gold. The
hydrothermally altered float samples (silica, sericite and iron
carbonate with pyrite) consisted of fragile angular blocks that are
assumed proximal to their source location.
Garry Clark, P.Geo, Qualified Person as defined by NI 43-101,
has reviewed and approved this press release.
To find out more about Lund Gold Ltd. (TSX VENTURE: LGD), visit
our website at www.lundgold.com.
On behalf of the Board of Directors of LUND GOLD LTD.
Chet Idziszek, President
Cautionary Statement
This document contains "forward-looking statements" within the
meaning of applicable Canadian securities regulations. All
statements other than statements of historical fact herein,
including, without limitation, statements regarding exploration
plans and our other future plans and objectives, are
forward-looking statements that involve various risks and
uncertainties. Such forward-looking statements include, without
limitation, estimates of exploration investment and the scope of
exploration programs. There can be no assurance that such
statements will prove to be accurate, and future events and actual
results could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from our expectations are disclosed in the
Company's documents filed from time to time via SEDAR with the
Canadian regulatory agencies to whose policies we are bound.
Forward-looking statements are based on the estimates and opinions
of management on the date the statements are made, and we do not
undertake any obligation to update forward-looking statements
should conditions or our estimates or opinions change.
Forward-looking statements are subject to risks, uncertainties and
other factors, including risks associated with mineral exploration,
price volatility in the mineral commodities we seek, and
operational and political risks. Readers are advised not to place
undue reliance on forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
Contacts: Lund Gold Ltd. David Scott Investor Relations (604)
331-8772 (604) 331-8773 (FAX) Email: dscott@mine-tech.com Website:
www.lundgold.com
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