Running Fox Completes Gold and Silver Acquisition: SEE DRILL INTERCEPTS TABLE
2011年4月6日 - 4:55AM
Marketwired
Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources, (TSX VENTURE: RUN) (PINK SHEETS: RFXRF)
(FRANKFURT: C8Q) is pleased to report that it has completed the
acquisition of the remaining 50% of the its high grade Brett Gold
Project.
Running Fox now owns 100% or the Brett Gold and Silver Project.
The Project now encompasses over 50 square kilometres, the majority
of which is royalty free.
Running Fox has cash on hand to start its work programs, the
Company also owns other assets.
Company geologists are preparing drilling plans to follow-up on
the following intersections:
DDH 04-01 intersected 10.2 meters grading 5.28 grams per ton
gold, including 1.6 meters grading 29.6 grams per ton gold,
and,
DDH 04-02 intersected 11.6 meters grading 10.39 grams per ton
gold including 3.1 meters grading 34.02 grams per ton gold;
and,
Importantly, DDH 04-12 had 1.3 feet meters grading 176 grams per
ton gold in a new shear zone.
The drill intercepts in this news release include the gold
only.
To view the Drill Intercepts Table associated with this press
release, please visit the following link:
http://media3.marketwire.com/docs/405run_table.pdf
In addition to the intercepts in the table above, the 2004
drilling program intersected gold in 15 of the 17 holes drilled,
some notably in a new zone.
This new zone, located on a tuffaceous bed, is located 53 metres
east of the main shear zone and represents a totally new zone as
none of the previous drill holes went as far east as this hole. The
zone is cut off by several postmineral dikes in the core, possibly
indicating the presence of a second parallel shear structure. If
so, this would be the first confirmation of bonanza high-grade gold
values (greater than one ounce per ton gold) on a parallel shear
structure, opening the possibility that similar high-grade zones
may be present, along the numerous other shears identified during
surface work. The entire strike length of the new shear structure
is unexplored as none of the previous drill holes were near its
projection.
Also See "Top 40 Gold Intercepts" on website.
BULK SAMPLE PROCESSED BY TECK COMINCO:
Teck Cominco smelter receipts for thebulk sample averaged 28
grams per tonne gold plus 64 grams per tonne silver.
The 2004 soil geochemical survey identified numerous and as yet
untested gold in soil anomalies as much as 2,000 meters north of
the Main Shear Zone drilling which appear to trend in the same
northeast and northwest direction as the gold mineralization found
in the shear zones around the Main Shear Zone. Gold mineralization
found in a road cut 3,000 meters north of the Main Shear Zone
drilling assayed 9.5 grams per ton gold.
Running Fox believes that these untested soil anomalies
represent significant exploration targets that are similar in
geology and grade of gold mineralization to that found around the
Main Shear Zone.
Running Fox will be planning a 2011 exploration campaign at the
Brett property that will also include drilling and trenching of
soil anomalies, as the prior program opened up large areas for
exploration and the development of additional gold bearing
zones.
Complete maps, geochem, and drilling history are available for
review/download on the Running Fox website.
The project has significant early stage block calculations on a
small portion of one shear zone-- and there are numerous shear
zones, running under large undrilled geochem zones with good gold
values over large areas, (see Geochem in Assessment Report).
Following further drilling a new 43-101 Technical Report will be
requested that will include all drilling and a qualifying resource
calculation.
See the brief 3D Geological and drillhole movie and 3D Footwall
image on website www.foxgold.ca
Steven Schurman, CEO, Professional Geologist (US), is the named
Qualified Person for the technical contents of this news
release.
Note: Source for all intercepts are 43-101 Technical Report, and
Brett Gold Assessment Report available at www.foxgold.ca and on
SEDAR.
On behalf of the Board of Directors:
Steven Schurman, P. Geol (US), CEO, Director
Running Fox Resource Corp.
The Company relies on legislation applicable to forward looking
statements, seeking safe harbour.
Contacts: Running Fox Resource Corp. Steven Schurman, P. Geol
(US) CEO, Director 1 604 725 8868 www.foxgold.ca
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