PGS Paget Minerals Corp.

Paget Minerals Corp. (TSX VENTURE:PGS), ("Paget" or the "Company") is pleased to
announce that the first four drill holes from the 2012 core drilling program on
the Ball Creek Project (the "Project") in northwestern British Columbia
successfully intersected strong, deeply-rooted and widespread gold and copper
porphyry-style alteration and mineralization to depths up to 650 metres that
remains open in all directions.


David F. Volkert, President and CEO of Paget, stated, "The goals of the
integrated 2012 program implemented and supervised by Blue Gold Mining (TSX
VENTURE:BGX) were twofold: to drill deeper into the roots of the Main
Gold-Copper Porphyry system than in previous campaigns, and to drill outside the
current aerial extent of surface alteration and mineralization. Results to date
are very promising and indicate potential for both large tonnage and significant
grade. Within the Blue Gold JV area, which covers 14,000 hectares, there are
currently four genetically related gold-rich porphyry targets with more that
remain 100% Paget over the remainder of the 52,000-hectare Ball Creek claim
block." 


Central to the Blue Gold JV area is the Main Gold-Copper Porphyry, with surface
geochemistry covering an area that is over 1,400 metres in length and up to 500
metres in width. The Main Porphyry formed the primary focus for the 2012
exploration program with 3,505 metres of drilling completed in nine holes on two
NE-trending corridors defined by moderate IP chargeability and previous
drilling.


Results from the southern end of Main include: 



Hole BC12-47 was drilled to a depth of 650.8 metres and returned:

--  0.28 g/t gold and 0.11% copper over 454.9 metres starting from surface
    and including:
    0.70 g/t gold and 0.26% copper over 36.3 metres 
--  0.20 g/t gold and 0.13% copper over 30.0 metres at the bottom of the
    hole


 Hole BC12-48 drilled 100 meters, southwest of BC12-47 returned:

--  0.40 g/t gold and 0.08% copper over 293.6 metres including:
    0.85 g/t gold and 0.09% copper over 44.2 metres



Results from the northern end of Main, approximately 1,000 meters northeast of
holes BC12-47 and BC12-48, include:




Hole BC12-49 returned:

--  0.29 g/t gold and 0.19% copper over 118.8 metres including:
    0.48 g/t gold and 0.30% copper over 47.8 metres starting from surface


Hole BC12-51 drilled from the same pad as BC12-49 returned:

--  0.18 g/t gold and 0.11% copper over 180.7 metres 



For a complete table of 2012 drill results, please click: 
http://www.pagetminerals.com/i/pdf/BallCreekDrillResults1209.pdf 

To view a map of 2012 drilling at Main Zone, please click: 
http://www.pagetminerals.com/i/pdf/BallCreekDrillMap1209.pdf

To view cross sections of holes at Main Zone, please click: 
http://www.pagetminerals.com/i/pdf/BallCreekCrossSections1209.pdf

The Ball Creek project may be the next in a series of large gold-copper porphyry
deposits that characterize this region of northern BC. Ball Creek, located 8
kilometres from road, air strip and power needs, is ideally suited for
development. 


Further details of Blue Gold's summer 2012 exploration program are set out in
Blue Gold's news release dated 27 September 2012. Results of the multi-faceted
program are now being integrated into comprehensive geological and exploration
models and the remaining results are forthcoming.


About Paget Minerals Corp.

Paget Minerals Corporation is a publicly traded resource company focused on
mineral exploration and the advancement of the company's priority Ball Creek
Project in British Columbia. The company hosts a 52,442-hectare, contiguous
mineral tenure package in the Golden Triangle - Iskut Mineral District located
just 8km west of Highway 37 and only 36km northwest of the new Northwest
Transmission Line Substation at Bob Quinn and neighbors three major mine
development projects in the Golden Triangle -- Galore Creek, Schaft Creek and
Red Chris. In 2012, Paget will focus its BC exploration program on the Ball
Creek Project, as well as advancing its exploration in Mexico. Paget also
maintains its equity position in Trident Gold Corp. exploring for gold in
Colombia. David Volkert, President and CEO, serves as the Qualified Person under
the definitions of NI 43-101.


On Behalf of the Board of Paget Minerals Corp.,

David F. Volkert, President & CEO

Paget Minerals Corp. (TSXV:PGS)
過去 株価チャート
から 5 2024 まで 6 2024

Paget Minerals Corp. (TSXV:PGS)
過去 株価チャート
から 6 2023 まで 6 2024