Dawson Gold Corp.
TSX VENTURE : DYU

Dawson Gold Corp.

November 15, 2010 13:39 ET

Dawson Gold 2010 Toro Program Review

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2010) - Dawson Gold Corp. (TSX VENTURE:DYU) ("Dawson Gold") provides a review of the 2010 summer work program at the Toro Property in the Dawson Range of the White Gold District, central Yukon Territory.

Highlights of the summer program include:

  • Eight (8) diamond drill holes totalling 1,516 metres (1,033 core samples)
  • Over 22 line kilometres of deep penetration Induced Polarity ("IP") geophysical surveys (covering ~4.5 km2) over three (3) distinct grids
  • Seven (7) soil zones covered by six (6) grids and two contour 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
  • Re-sampling of historic drillhole DDH70-T12 – 67 core samples

The 6,474 hectare Toro Project consists of 310 contiguous claims located approximately 100km NW of Carmacks, YT in the Dawson Range Copper-Gold Belt, on the southern end of the White Gold District. Nearby advanced exploration projects include Kaminaks' Coffee Gold project 40km NW, the Casino Cu-Mo porphyry 55km to the NW, Capstone Mining's producing Minto Copper-Gold mine 30 km NE, Northern Tiger's Sonora Gulch 5km to the North, the Prospector Mountain property of SilverQuest immediately (3km) to the south. Extensive placer gold workings are found within closed watershed areas on the Toro project. Given the relatively un-glaciated nature of the project area the gold in these placer operations, it can be inferred the placer gold is of local derivation to the Toro Project watershed.

The Toro Project is primarily underlain by quartz-hornblende-biotite granitic rocks of the Mid Cretaceous Dawson Range Batholith, including the Coffee Creek granite phase, that intrude meta-igneous and meta-sedimentary rocks of the Yukon-Tanana Terrane. The above units are intruded by quartz feldspar porphyry stocks and dykes of the Late Cretaceous Prospector Mountain Suite, which are known to be associated with gold-copper mineralization within this belt, and are overlain by basalt flows of the Upper Cretaceous Carmacks Group. The Toro Property is transected along its eastern boundary by the Big Creek Fault, a major southeast-northwest trending structural corridor, and encompasses the intersection of this major structure with several east to northeast trending faults and linements. These cross-cutting features create an extensional environment which is structurally favourable to mineral deposition and have recently been recognized as important mineralizing trends at properties throughout the White Gold trend.

The 2010 Toro Property diamond drilling was focused on three distinct zones, the historic Ridge Zone and Main Zone as well as a newly defined (2010) geophysical (IP anomaly) target. The Ridge Zone drilling targeted two (2) large historic gold-in-soil anomalies (a 900x400m are with >50ppb Au and a 300x200m with >50ppb Au), these holes intersected a polymictic breccia hosting well developed sulphide mineralization including pyrite, arsenopyrite, galena and sphalerite. Additionally, prospecting of the property has identified numerous zones of sericite-limonite alteration which has been identified as prospective indicator at nearby properties.

Assays are pending and will be released once received and compiled by the Company.

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.

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.

Contact Information

  • Dawson Gold Corp.
    Mark Komonoski
    403-255-8483 or Toll-Free: 1-877-255-8483
    www.Dawsongold.com