Dawson Gold Corp.
TSX VENTURE : DYU

Dawson Gold Corp.

January 26, 2011 09:00 ET

Dawson Gold Announces Further Results from the 2010 Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2011) - Dawson Gold Corp. (TSX VENTURE:DYU) ("Dawson Gold") provides an update on the ongoing analysis of the results from soil geochemical surveys undertaken during the 2010 summer work program at the Toro Property in the Dawson Range of the White Gold District, central Yukon Territory. 

Highlights include:

  • Seven soil zones covered by six grids and two contour lines of geochemical soil grid surveys (total 549 samples) expanding on, and infilling between, historic geochemical sampling
  • Two newly identified large gold-in-soils anomalous zones defined by values ranging from 25 ppb up to 540 ppb Au.

The geochemical surveys covered four epithermal and/or structurally related Au-mineralization targets comprising three grids and two "contour soil lines" programs. Induced polarization geophysical programs were also conducted on the three soil sampling grids. A total of 549 soil samples were collected from these nine zones.

The geochemical sampling program delineated two new gold targets in Zones 4 and 6 (see map on Company website). Samples at Zone 6 were collected at 50 m centres and include 11 results over 100 ppb Au (to a maximum value of 540 ppb Au) defining a gold-in-soil anomaly (>100 ppb Au of ~600 m by 300 m). Zone 4 samples were collected at 50 m intervals on lines spaced at 100 m and defined a ~150 m by 200 m gold-in-soil anomaly (<25 ppb Au) clustered at the extreme northwest corner of the Zone 4. Anomalies in both zones remain open both to the west and to the north and are interpreted to correlate with mapped contacts of the Coffee Creek Granite and gold intersections from drilling (See Company news release dated December 17, 2010).

Paul. D. Gray, Dawson Gold CEO, commented: "Targets defined by the successful 2010 soil geochemical program on the Toro Project will be an early and prime work focus in 2011. The Toro Project continues to produce impressive results and the management looks forward to getting back on the ground as early as possible in spring 2011."

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.

Certain of the statements made and information contained herein may constitute "forward-looking information". In particular references to future work programs are subject to risks, including commodity prices, availability of funds and risks associated with operations on the property, as well as other unknown risks. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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