Appleton Commences Strategic Trenching Program on Dialafara and Mansaya Zones
June 01 2010 - 8:00AM
Marketwired
Appleton Exploration Inc. (TSX VENTURE: AEX) has commenced a follow
up surface trenching program at its Manalo Gold Project in the
Republic of Mali, West Africa. This program will focus on the
northern and southern segments of the Dialafara Zone and on the
Mansaya Zone. Key trenching at this stage will expose the corridors
of mineralization in strategic parts of these zones for added grade
continuity and structural data to solidify interpretations of drill
intercepts.
The trenching program will comprise of approximately 400 metres
for the Dialafara Zone; 200 metres in the Northern Segment and 200
metres in the Southern Segment. The Mansaya trenching program will
be approximately 200 metres.
Appleton completed 37 reverse circulation (RC) holes totaling
4,300 metres and 67 air core holes totaling 3,771 metres at
Dialafara in March and April 2010. Assay results are pending. The
last drill program completed at Mansaya was the spring 2008 program
conducted by Delta Exploration Inc.
Drilling to date on the Manalo Property totals over 32,000
metres. Delta Exploration completed 15,474 metres in 159 holes over
the entire property between 2006 and 2008. Appleton has completed
three drill campaigns totaling 16,672 metres of Reverse Circulation
and Aircore drilling in 232 holes, concentrating in the Dialafara
Zone since May of 2009.
About Mali
Mali is the fastest growing gold producing country in Africa.
Production in 2007 amounted to 2 million ounces of gold making Mali
Africa's third-largest gold producer after South Africa and Ghana.
AngloGold Ashanti Limited, one of the largest gold mining companies
in the world, has interests in three operating mines in Mali:
Sadiola, Yatela and Morila.
On Behalf of the Board of Directors,
R. Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is
the Qualified Person as defined in National Instrument 43-101, who
has reviewed and approved the technical content of this news
release.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements, other than statements of historical fact, constitute
"forward-looking statements" and include any information that
addresses activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
including the Company's planned drilling programs and strategy,
plans or future financial or operating performance and other
statements that express management's expectations or estimates of
future performance.
Forward-looking statements are generally identifiable by the use
of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. All such forward-looking information and
statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however,
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed, implied by or projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects,
risks related to international operations, the actual results of
current exploration activities, conclusions of economic
evaluations, changes in project parameters as plans continue to be
refined, future prices of gold, as well as those factors discussed
in the sections relating to risk factors of the Company set out in
the Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, the reader should not place any undue reliance on
forward-looking information or statements. Except as required by
law, the Company does not intend to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Contacts: Appleton Exploration Inc. Tim Henneberry President and
CEO (604) 694-0741 Contact Financial Corp. Investor Relations
604.689.7422 or Toll Free: 1.877.689.7411
AEX Gold (TSXV:AEX)
Historical Stock Chart
From Dec 2024 to Jan 2025
AEX Gold (TSXV:AEX)
Historical Stock Chart
From Jan 2024 to Jan 2025