- Published: 30 October 2008
- Written by Editor
Garson Gold Drilling Intersects 48.77 Metres of 2.43g/t Gold
GARSON GOLD CORP. (TSX VENTURE:GG) ("Garson Gold" or "the Company") is pleased to announce diamond drill results from hole BDY08-77 drilled at the Boundary Zone on its 100% owned New Britannia Mine property, located at Snow Lake Manitoba. Highlights of BDY08-77 include the intersection of multiple mineralized lenses including a 48.77 metres (m) intersection with an average grade of 2.43 grams per tonne (g/t) gold.
Garson recently completed a series of short diamond drill holes designed to test the near-surface open-pit potential of the Boundary Zone. The drill program objective was to establish continuity and orientation of multiple, near-surface mineralized lenses and associated structures. "The results of this hole and previously announced drill results, continue to build confidence in the near-surface open-pit potential at Boundary Zone," stated David Tafel, President of Garson Gold.
Hole BDY08-77 intersected gold mineralization over a vertical interval of approximately 66 m starting at a depth of approximately 18 m below surface. In addition to the intersection of previously interpreted lenses, BDY08-77 intersected additional mineralization in the down plunge position which remains open at depth.
The assay results from BDY08-77 are summarized in the table below, and a cross section of Boundary Zone can be viewed at: http://www.garsongold.ca/i/pdf/BoundarySection900_Oct27_ColouredText.pdf
--------------------------------------------------------------------------
From To Length Length Au Au
Hole ID (metres) (metres) (metres) (feet) (grams/tonne) (ounces/ton)
--------------------------------------------------------------------------
BDY08-77 21.52 31.85 10.33 33.9 2.09 0.06
includes 21.52 25.12 3.60 11.8 3.44 0.10
BDY08-77 44.56 57.61 13.05 42.8 2.46 0.07
includes 45.17 48.68 3.51 11.5 3.56 0.10
includes 52.09 57.00 4.91 16.1 3.70 0.11
BDY08-77 61.39 76.72 15.33 50.3 2.68 0.08
includes 61.39 67.12 5.73 18.8 4.09 0.12
includes 70.68 73.18 2.50 8.2 4.11 0.12
BDY08-77 80.01 108.69 28.68 94.1 2.65 0.08
includes 90.53 93.70 3.17 10.4 5.83 0.17
includes 97.72 110.16 12.44 40.8 3.46 0.10
--------------------------------------------------------------------------
BDY08-77(1) 61.39 110.16 48.77 160.0 2.43 0.07
--------------------------------------------------------------------------
True zone widths are unknown
Tonne equals metric tonne (2,204 lbs); Ton equals short ton (2,000 lbs)
Ounces equals troy ounces; Conversion of grams/tonne to ounces/ton equals
0.02917
(1) Intercept is composite average grade over bottom 2 lenses
The Boundary Zone is located approximately 500 m south of the No. 3 Zone and approximately 1 kilometre north of the New Britannia main mine and mill complex. The Company is nearing completion of a scoping study to evaluate the economics of re-establishing mining at No. 3 Zone by reopening and extending the existing ramp and re-activating the 2,150 tonne/day mill which is currently on care and maintenance. Continued success and delineation of a near surface resource at Boundary Zone could significantly impact future production options from the property.
QUALITY ASSURANCE/QUALITY CONTROL
Gold concentrations are determined on half core at TSL Laboratories in Saskatoon, Saskatchewan using conventional sample preparation and assay techniques. For details of sampling and analytical procedures used on the NBM project, see Garson's April 18, 2007 news release which can be viewed at www.garsongold.ca.
Jamie Lavigne, M.Sc., P.Geo and Vice President Exploration for Garson Gold, is the Qualified Person under NI 43-101 responsible for the verification and quality assurance of the NBM exploration data and analytical results and has reviewed the technical contents of this news release.
ABOUT THE NEW BRITANNIA MINE
Garson Gold holds a 100% interest in The New Britannia Mine (NBM) Project in Snow Lake Manitoba, as well as the Copper Prince property, and the McMillan Gold Mine property located in Ontario. The Company's flagship project is the NBM, which covers approximately 4,840 hectares and hosts the historic New Britannia Gold Mine. NBM operated from 1949 to 1958 and again from 1995 to 2004 and produced approximately 1.43 million ounces of gold. The resource estimate at the NBM property, audited by Micon International Ltd. in accordance with CIM classifications pursuant to National Instrument 43-101, is available for viewing on Sedar (www.sedar.com) and www.garsongold.ca. A modern mill capable of processing 2,150 tonnes/day and ancillary surface and underground infrastructure facilities have been kept on care and maintenance since the NBM project was purchased by the Company in December 2006.
On Behalf of the Board,
David G. Tafel, President and Director
This news release may contain forward looking statements concerning future operations of Garson Gold Corp. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
SOURCE: Garson Gold Corp.
Garson Gold Corp. David Tafel (604) 484-2161 x 223 or Toll Free: 1-877-784-2161 (604) 683-8544 (FAX) Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.garsongold.ca First Canadian Capital Corp. (416) 742-5600 or Toll Free: 1-866-580-8891 Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
