Paget Minerals Corp.

Paget Minerals Corp.

September 17, 2009 17:07 ET

Paget Minerals Corp.: Phase 1 Diamond Drill Program Complete at Mt. Dunn Cu-Au Project, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2009) - Paget Minerals Corp. ("Paget") (TSX VENTURE:PGS), today announced an exploration update on the Company's 100% owned Mt. Dunn copper-gold (Cu-Au) Property.

The Phase 1 diamond drill program has been completed at the Mt. Dunn Cu-Au project located 20 kilometres (km) southwest of the Eskay Creek Au-Ag mine and 22km west of the Kerr-Sulphurets-Mitchell Cu-Au deposit in northwestern British Columbia. The drill program consisted of 5 holes totalling 1587 metres (m). The 5 holes tested approximately 1.2km of the 3km long altered monzonite intrusion. The drilling confirmed the presence of a broad zone of silicification, sericite and potassic alteration with widespread disseminated pyrite and chalcopyrite and sheeted quartz veins. Assay results from the drill holes are pending.

The drilling focused on testing historic surface sampling results which had assayed up to 0.87% Cu and 1.67 grams per tonne (g/t) Au over 10.7m, and surface sampling completed by Paget which returned assay results of 0.76% Cu, 1.24 g/t Au and 4.4 g/t Ag in strongly altered monzonite with quartz stockwork.

About Paget Minerals Corp.

Paget Minerals Corp. is a British Columbia company involved in the exploration of gold and base metal properties in British Columbia and Ontario. Mr. Brian R. Booth (P.Geo), the Company's President, has acted as the non-independent Qualified Person for this news release.

On Behalf of the Board of Paget Minerals Corp.,

Brian Booth, President and CEO

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.

Contact Information

  • Paget Minerals Corp.
    Brian Booth
    778.327.6546 (FAX)