Lund Gold Ltd.: Blackfox Property Update
2009年5月21日 - 10:30PM
Marketwired
Lund Gold Ltd. (TSX VENTURE: LGD) ("Lund") is pleased to report
that the Phase 1 Exploration at the Blackfox Property in Northern
Ontario is complete. The Property is located approx. 225km east of
Thunder Bay and approx. 70km west of the Hemlo Gold Deposit. The
Property lies within an extension of the Schreiber-Hemlo Greenstone
Belt which is host to the 25 million ounce Hemlo Gold Deposit.
The Phase 1 Exploration comprised detailed geological and
geochemical sampling and mapping, prospecting, line-cutting and
detailed ground magnetic surveying. In total, 2116 soil and 320
rock samples were collected and 52 line kilometres of ground
magnetics were completed.
Initial gold results from the Phase 1 reconnaissance sampling
program show that gold in soil anomalies (up to 1260 ppb Au) exist
within the Property and six areas warrant follow-up exploration. As
well, at least two anomalous areas have coincident magnetic
features based on the ground geophysical survey. Rock samples
collected at the Property contain up to 2 g/t Au from the Fire
Mountain Showing/area. There is minimal outcrop exposed throughout
the Property. The discovery of high grade gold float near the
centre of the Blackfox Property, sampled and assayed 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.
Samples were analyzed at TSL Laboratories, Saskatoon,
Saskatchewan. The samples were analyzed for gold and multi-element
geochemistry. TSL is ISO17025 certified.
A follow-up program is planned for early June 2009 to follow-up
anomalous gold in rocks and soil samples.
The 2008 exploration was completed under the direction of Mr.
Dean Besserer, P.Geol., APEX Geoscience Ltd., of Edmonton, Alberta,
who is a qualified person as defined in National Instrument
43-101.
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
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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