Dawson Gold Announces Results of 2010 Exploration Program
December 17 2010 - 12:13PM
Marketwired
Dawson Gold Corp (TSX VENTURE: DYU) ("Dawson Gold") announces the
results of exploration work completed during the 2010 work
summer/fall program at the Toro Property in the Dawson Range of the
White Gold District, central Yukon Territory.
Exploration drilling returned anomalous gold results in seven
(7) of eight (8) drill holes with discrete intervals of up to 1m of
2.28 g/t Au and wide intervals of mineralization of up to 91.5m of
0.33 g/t Au. Gold mineralization was confirmed on the historic Main
Zone and also in association with previously undrilled soil
anomalies on the Ridge Zone. Company management is in the process
of evaluating these results and is considering conducting further
detailed gold analyses including metallic screening to more
accurately constrain the reported gold values.
"These drill results, in particular from the Ridge Zone,
demonstrate the relationship between gold-in-soil anomalies and
gold in the drill core. The hydrothermal breccias drilled at the
Ridge Zone have a similar style of mineralization to known "White
Gold District" deposits and will be the focus of the 2011 Toro
Project exploration," commented CEO, Paul D. Gray.
Highlights of work completed in 2010:
-- Seven (7) of Eight (8) diamond drill holes return anomalous gold values
-- 1,516 metres of drilling and 1,033 core samples
-- Over 22 line kilometres of deep penetration Induced Polarity ("IP")
geophysical surveys (covering approx.4.5 km(2)) over three (3) distinct
grids
-- Seven (7) soil zones covered by six (6) grids and two (2) contour soil
lines of geochemical soil grid surveys (total 549 samples) expanding on
and infilling between historic geochemical data
-- Property wide prospecting, mapping and stream silt sampling - 40 rock
and seven (7) stream sediment samples
Diamond drilling commenced in late August and terminated in
early October when weather conditions rendered impractical any
further work. Five (5) holes targeted two of the three historic
gold-in-soil anomalies outlined by geochemical surveys at the Ridge
Zone in 1985. A third historical anomaly (anomaly "A" with
gold-in-soil values up to 1,080ppb Au) remains untested. Three (3)
holes intersected Coffee Creek phase granites and returned narrow
zones of mineralization associated with mm-scale quartz-sulphide
veinlets and associated silicification. The highest grade gold
occurrence from these holes was 1.15m of 1.95 g/t Au found in close
spatial relationship to a breccia zone in hole TT-101.
The two (2) additional holes collared in the Ridge Zone
encountered granite intruded by long intervals of a newly
identified polymictic hydrothermal breccia hosting well developed
sulphide mineralization including pyrite, arsenopyrite, sphaelerite
and galena. Au-grades intercepts within these holes include TT-104
91.5 m of 0.33 g/t Au in TT-104 and 16.9m of 0.35 g/t Au in
TT-103.
A single diamond drill hole was collared to test the strong
chargeability anomaly identified by the first completed 2010 IP
survey grid. This hole encountered a relatively unaltered,
K-felspar rich granitoid of the Dawson Range Batholith. The source
of the IP anomaly was not identified and remains an area of area of
interest.
The final two (2) drillholes of the program were designed to
extend known gold mineralization within the historic Main Zone.
Both holes encountered narrow zones of gold mineralization with
values up to 1.49 g/t Au over 1 meter. Hole TT-108 ended
prematurely above the expected high-grade zone target due to
weather issues.
2010 Diamond Drilling Summary Table
---------------------------------------------------------------------------
TT-101
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
23.6 25.9 2.3 1.39 1.39
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-102
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
146.5 148.4 1.9 0.408 0.582
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-103
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
147.5 149 1.5 1.41 1.42
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-104
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
73 164.5 91.5 0.316 0.330
---------------------------------------------------------------------------
Including
---------------------------------------------------------------------------
73 92.5 19.5 0.432 0.433
---------------------------------------------------------------------------
137 149.5 12.5 0.553 0.677
---------------------------------------------------------------------------
137 138.5 1.5 1.13 2.54
---------------------------------------------------------------------------
147.6 149.7 2.1 1.64 1.41
---------------------------------------------------------------------------
148.7 149.7 1 2.73 2.28
---------------------------------------------------------------------------
137 164.5 27.5 0.427 0.476
---------------------------------------------------------------------------
160.5 162 1.5 1.26 1.17
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-105
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
111.2 112.1 0.9 0.927 0.813
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-106 - No significant results
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-107
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
164.6 166.1 1.5 0.960 0.896
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-108
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
79.2 93 13.8 0.453 0.442
---------------------------------------------------------------------------
including
---------------------------------------------------------------------------
79.2 82.3 3.1 1.02 1.02
---------------------------------------------------------------------------
Including
---------------------------------------------------------------------------
79.2 80.8 1.6 1.47 1.49
---------------------------------------------------------------------------
Geophysical Survey Results
Over 22 line-km of deep penetration Induced Polarity ("IP")
geophysical surveys were undertaken in three (3) distinct grids on
the Toro Property in 2010. The targets were selected due to
coincident structures, positive potassic alteration signatures
shown by airborne radiometrics flown in 2009, and the occurrence of
host rocks deemed favourable to host Cu-porphyry mineralization
(ca. 76 Ma Tad Porphyry).
A well defined N-S trending anomaly was identified in Grid 1.
This zone displays a high chargeability contrast with coincident
resistivity low and appears in section as an approximately tubular
body over 150m in diameter and running the full length of the
survey lines (greater than 1.6km). This body was tested with a
single hole during the 2010 field season and remains a
high-priority target in the upcoming season. A second anomaly to
the north of the Main Zone displays a broad zone of elevated
chargeability suggesting the potential for significant sulphide
mineralization in this area. A third anomaly to the north of the
Main Zone has outlined a well-constrained E-W trending
chargeability anomaly.
Geochemical Survey Results
549 soil samples were taken on seven (7) targets. Two (2)
targets returned anomalous results; a tight clustering of anomalous
gold-in-soil values were identified covering an area approximately
300 m wide and 150 m long which remains open to the north, east and
west. The second target returned values up to 540 ppb gold in soil
and has outlined a very strong geochemical anomaly that measures
approximately 550 m by 400 m. Well developed gold anomalies
continue to the E, N and W of the sampling area. These new soil
grid anomalies, as well as, the historic Ridge Zone anomalies will
be expanded upon and drill tested in 2011.
All core and soil samples were processed and analyzed by Acme
Analytical Labs of Vancouver, B.C. an ISO 9001 certified
laboratory. The samples were all analyzed by ACME ICP-MS package
1DX15. In addition, a 30 gram Fire Assay for Gold ACME package 3B
was run on each of the soil and core samples from the 2010
program.
The 2010 Toro Project work program was conducted under the
supervision of Dawson Gold President Michael Collins, P.Geo., a
qualified person under NI 43-101, who has read and approved the
content of this news release.
Additionally, Dawson Gold reports that following due diligence,
the Company has elected not to proceed with a definitive agreement
with respect to the Orofino property of Yale Resources. See News
Release dated November 17, 2010.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray, P.Geo. CEO
DAWSON GOLD CORP.
Neither 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: Dawson Gold Corp. Mark Komonoski 403-255-8483 or
Toll-Free: 1-877-255-8483 www.Dawsongold.com
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