La Ronge Gold Corp.
TSX VENTURE : LAR

La Ronge Gold Corp.

April 02, 2012 13:09 ET

CORRECTION FROM SOURCE: La Ronge Gold Corp. Intersects 33.00 Metres of 6.41 g/t Gold and Extends Preview SW Gold Deposit to the South by 30 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2012) - The following corrects and replaces the release issued earlier today on behalf of La Ronge Gold Corp. There was a typographical error in the bullet point for Drill hole PR12-123 the bullet point should read: "33.00 metres (m) of 6.41 g/t gold (g/t Au) starting at 147.50 m including:" but was incorrectly entered as "4.61 g/t gold".

La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") is pleased to announce that assays have been received from drill holes PR12-123 to 126 from its Preview SW gold deposit in northern Saskatchewan, Canada. Drill holes PR12-123 and 124 were drilled on section 6870N - 30 m further south than any of Cameco's historical drill holes. Drill holes PR12-125 and 126 were drilled to infill the historical drilling in order to better define mineralization in the central portion of the deposit. The results from these two holes are in line with assays reported by Cameco from nearby holes.

Highlights of the results are as follows:

Drill hole PR12-123 intersected:

  • 33.00 metres (m) of 6.41 g/t gold (g/t Au) starting at 147.50 m including:
    13.25 m of 15.05 g/t Au and 0.70 m of 271 g/t Au
  • 19.95 m of 8.26 g/t Au starting at 197.55m, including:
    13.35 m of 11.74 g/t Au

Drill hole PR12-124 terminated in mineralization and intersected:

  • 2.80 metres (m) of 11.16 g/t gold (g/t Au) starting at 55.30 m

PR12-124 was terminated prematurely before intersecting the up dip extent of the mineralized structure hosting the high grade intercept (19.95 m grading 8.26 g/t Au) in hole PR12-123.

PR12-125 ended in mineralization.

Please refer to the link below for more details on the Preview SW Project: http://www.larongegold.com/projects-saskatchewan-preview-sw.php

A complete summary of selected mineralized intercepts from holes PR12-123 to 126 is given below:

PR12-123 (Azimuth 112.5, Dip -45, Depth 239.88 m)

From
(Metre)
To
(Metre)
Gold Grams
per Tonne
Width
(Metres)
Ounces
per Ton
Width
(Feet)
106.65 111.86 2.66 5.21 0.08 17
See note 147.50 180.50 6.41 33.00 0.23 108
Including 147.50 160.75 15.09 13.25 0.44 43
and 147.50 148.20 271 0.70 9.56 2
197.55 217.10 8.26 19.55 0.24 64
Including 197.55 210.90 11.74 13.35 0.34 44

Note: This intercept includes an unsampled interval of 5.5 m, which has been assumed to have a zero grade. This interval has been recently split, and the resultant assays may increase the grade of this composite.

PR12-124 (Azimuth 112.0, Dip -45, Depth 151.49 m)

From
(Metre)
To
(Metre)
Gold Grams
per Tonne
Width
(Metres)
Ounces
per Ton
Width
(Feet)
55.30 58.10 11.16 2.80 0.33 9
111.00 116.90 0.81 5.90 0.02 19
134.40 141.15 1.49 6.75 0.04 22

PR12-125 (Azimuth 111.9, Dip -45, Depth 111.96 m)

From
(Metre)
To
(Metre)
Gold Grams
per Tonne
Width
(Metres)
Ounces
per Ton
Width
(Feet)
7.70 10.00 1.43 2.30 0.04 8
44.70 48.70 2.12 4.00 0.06 13
82.50 92.45 0.99 9.95 0.03 33

PR12-126 (Azimuth 110.2, Dip -45, Depth 145.39 m)

From
(Metre)
To
(Metre)
Gold Grams
per Tonne
Width
(Metres)
Ounces
per Ton
Width
(Feet)
46.60 49.20 0.86 2.60 0.03 9
78.33 84.20 1.61 5.87 0.05 19

Additional core splitting has been completed in several unsampled zones adjacent to mineralization in holes PR12-123 and 124. The resultant assays will be reported upon receipt.

Mineralized intervals are based on samples that vary in width from 0.6 m to 1.5 m utilizing 0.20 g/t gold cut-off levels with a maximum internal dilution of 5.5 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. The collars of the drill holes reported above, are found on La Ronge Gold's website at: http://www.larongegold.com/img/map-preview-sw-proposed-work-2012.jpg.

Results from drill holes PR12-120, 121 and 122 have been previously released in News Releases dated March 1 and March 12, 2012.

The Preview SW deposit was discovered by Cameco Corp in the late 1980s. Structurally controlled mesothermal lode gold is hosted in silicified zones spatially related to quartz veins in a sheared dioritic-gabbroic intrusion and is associated with sulphides. Gold mineralization also occurs as replacement textures in wall rock adjacent to these veins.

The zone of diorite-gabbro sills extends for 5,200 m in a northeast-southwest direction across the property and reaches approximately 200 m in width. Several subparallel northeast-trending shear zones, totalling 150 m in width, make up the Preview SW deposit, and these zones contain swarms of narrow quartz veins that bifurcate and merge. The en echelon 1 to 10 m-wide shear structures are persistent at depth and often merge in that direction too. The results of Cameco's drilling indicated that gold mineralization is open in both directions along strike and down dip.

The winter drill program at the Preview SW deposit is now complete with a total of 2,928 m drilled in 15 drill holes. The Logging and splitting of 2012 drill core is now complete, and the remaining assays will be released once they are received and compiled. The Company is also sampling historical core to verify grades reported by Cameco. The drill program is designed to update the historical resources up to NI 43-101 standards and to expand the limits of the known mineralized zones. These historical resources are discussed in the News Releases dated October 17 and November 2, 2011. Pending the receipt of further assays, additional drilling will likely be carried out this summer on the Preview SW deposit.

"Not only are we encouraged that the Preview SW deposit remains open to the south, but we are also very pleased to see the continuation of the high grade zones of gold mineralization. Our goal for the spring drill program was to confirm and infill the historical drilling in order to complete an updated mineral resource estimate. Now we can look forward to defining the limits of this deposit with further drilling this summer," commented the Company's President, Rasool Mohammad.

Analyzed samples consisting of sawn drill core were analyzed by TSL Laboratories in Saskatoon with fire assay techniques. La Ronge Gold has implemented an industry standard QA/QC program consisting of randomly inserted standards, blanks and duplicates into the sample stream to ensure assay accuracy and repeatability.

Gordon Davidson, P. Geol., the Company's Vice President of Exploration and a qualified person for the purposes of National Instrument 43-101, has reviewed the technical information in this News Release.

La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company has acquired projects in Saskatchewan with historical gold ounces and is in the process of bringing those historical gold ounces to the NI 43-101 standards. The Company also holds other gold projects located in Ontario, Canada.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • La Ronge Gold Corp.
    Rasool Mohammad
    President & CEO
    (604) 639-4533
    (604) 685-3764 (FAX)
    www.larongegold.com