VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2012) - The following press release corrects and replaces the version disseminated today at 2:56 pm ET. There were plan map and section links missing. These plan map and section links appear in the revised version below.
La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") is pleased to announce that additional assays have been received from the 2012 summer drilling on its Preview SW deposit in northern Saskatchewan. The most recent results provide further definition of the extension of high grade gold mineralization along strike to the southwest.
Highlights of the results are as follows:
Drill hole PR12-139 intersected:
- 2.52 g/t gold (g/t Au) over 41.50 metres (m) starting at 201.85 m
Drill hole PR12-140 intersected:
- 5.39 g/t gold over 9.87 m starting at 281.56 m
Step out and infill drilling continues to prove the continuity of the Preview SW gold deposit along strike and at depth. PR12-140 assaying 5.39 g/t gold over 9.87 m is a 60m step out of PR12-137, which returned 7.49 g/t Au over 12.80m and 11.28 g/t Au over 3.35 m. PR12-140 undercut PR12-137 at 50 m. Please refer to the plan map at http://www.larongegold.com/img/map-preview-sw-proposed-work-2012-phase-two-drill-hole-plan.jpg and section at http://www.larongegold.com/img/preview-sw-section-6810N.jpg. Similarly PR12-139, which intersected 2.52 g/t Au over 41.50 m, is a 60m step out of PR12-135, which assayed 1.57 g/t Au over 20.92 m and 8.80 g/t Au over 2.20 m. Please refer to the Plan Map above and section http://www.larongegold.com/img/preview-sw-section-6840N.jpg. PR12-139 undercut PR12-135 at 50 m.
In news releases dated April 2 and August 15, 2012, the company announced step out drill hole results in the southwest portion of the Preview SW deposit where drill hole PR12-123 intersected two zones of mineralization grading 6.41 g/t gold (Au) over 33.0 m and 8.26 g/t Au over 19.95 m, and drill hole PR12-137 intersected 7.49 g/t Au over 12.8 m. Results from this summer's program are continuing to enlarge this extension of the deposit.
This release includes assays from three holes completed in the summer drilling program (PR12-138, 139 and 140). Assays from the final three holes from this program will be released once assays are received. Plan maps of drill hole locations as well as a section showing the results of PR12-137, 138 and 140 can be viewed at http://www.larongegold.ca/projects-saskatchewan-preview-sw.php.
A complete summary of selected mineralized intercepts from holes PR12-138 to 140 is given below:
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 4.21 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths.
The Preview SW deposit was discovered by Cameco Corp. in the late 1980's. 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. The zone of diorite-gabbro sills extends for 5200 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 and the most recent drilling indicate that gold mineralization is open in both directions along strike and down dip. The Company's recent drilling also indicates that high grade gold mineralization is also locally present in felsic volcanic rocks that surround the diorite intrusion.
Logging and splitting of the drill core from the summer program is complete and the remaining assays will be released once they are received and compiled. In addition to extending the known limits of the deposit, the drill program was designed to update the historical resources to NI 43-101 standards. These historical resources are discussed in the Company's news releases dated October 17 and November 2, 2011. The Preview SW deposit is also open to the northeast, but lake coverage prevented drill follow-up in the summer season.
"Our confidence in the Preview SW gold deposit continuity and viability has increased tremendously since we started drilling this project less than a year ago." commented the Company's President, Rasool Mohammad. "The gold grades and the continuity along strike and at depth are pleasant surprises to our exploration team."
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 resources, and is in the process of bringing those historical resources to 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.