La Ronge Gold Corp.
TSX VENTURE : LAR

La Ronge Gold Corp.

March 12, 2012 10:20 ET

La Ronge Gold Corp. Intersects 39.95 Metres of 2.24 Grams Per Tonne Gold at Preview SW Gold Deposit in Saskatchewan, Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2012) - La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") is pleased to announce that assays have been received from the third drill hole (PR12-122) completed at the Preview SW gold deposit in Northern Saskatchewan, Canada. The three holes released to date have been drilled along section 7015N across the middle of the deposit in order to confirm the grades and widths of previously defined mineralization.

Highlights from Drill hole PR12-122 results are as follows:

  • 39.95 metres (m) of 2.24 g/t gold (g/t Au) starting at 45 m, including 15.08 g/t Au over 3.3 m
  • 18.95 metres (m) of 1.15 g/t gold (g/t Au) starting at 127.15 m
  • PR12-122 confirms the continuity of the broad zones of gold mineralization intersected in holes PR12-120 and PR12-121
  • Gold mineralization occurs in wall rocks adjacent to high grade gold in quartz veins
  • Gold mineralization is considered open along strike and at depth

A complete summary of selected mineralized intercepts from this hole is given below:

PR12-122 (Azimuth 107.3, Dip -46.5, Depth 194.16 m)

From
(Metres)
To
(Metres)
Gold Grams
per Tonne
Width
(Metres)
Ounces
per Ton
Width
(Feet)
19.45 21.75 1.60 2.30 0.05 8
45 84.95 2.24 39.95 0.07 131
Including 51.50 54.80 15.08 3.30 0.44 11
And 81.85 84.95 3.72 3.10 0.11 10
111.75 114.75 1.10 3.30 0.03 11
127.15 146.10 1.51 18.95 0.04 62
Including 141.30 146.10 2.70 4.80 0.08 16
160.80 161.85 17.32 1.05 0.51 3

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 metres. The attitude of mineralized intervals varies, and reported mineralized intersections may not represent true widths. The collar of PR12-120 is about 25 m from PR12-121, and the collar of PR12-122 is about 50 m from PR12-121.

Please refer to the Section 7015N, and for more details please also visit the company's website at: http://www.larongegold.ca/projects-saskatchewan-preview-sw.php.

The company announced results from drill holes PR12-120 and PR12-121 on March 1st, 2012. The mineralized intercepts reported were as following:

• Drill hole PR12-120 intersected 213.9 metres (m) of 1.63 g/t gold (g/t Au), starting at 11.70 m

• Drill hole PR12-121 intersected 196.78 metres (m) of 1.04 g/t gold (g/t Au), starting at 7.92 m

As per request of Investment Industry Regulatory Organization of Canada (IIROC),the Company wants to issue the following clarification regarding the stated widths and grades of PR12-120 and PR12-121: "Mineralized intervals in the two drill holes (PR12-120 and PR12-121) are based on samples that vary in width from 0.6 m to 1.5 m utilizing 0.20 g/t gold cut-off grade, with a maximum internal dilution of 12 metres and 20.55 metres in PR12-120 and in PR12-121, respectively."

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. Gold mineralization also occurs as replacement textures in wall rock adjacent to these veins.

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 sub-parallel 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.

A total of 2400 m of drilling has been completed in 13 holes to date. Assay results from these holes will be released upon receipt. This initial phase of drilling will continue until the start of spring thaw. 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 after the spring thaw on the Preview SW deposit.

"We initially viewed the Preview SW deposit as high grade, shear hosted gold target that would be potentially amenable to underground mining methods and modelled as such for the purposes of a resource estimate. However the intersection of wider zones of lower grade gold mineralization in the first three drill holes not only presents an opportunity to fully evaluate the bulk tonnage potential of the deposit, but also to consider other bulk tonnage mining methods as a potential means of extraction," commented the Company's President, Rasool Mohammad. "The results from PR12-122 confirm the continuity of the broad zones of gold mineralization we intersected in holes PR12-120 and PR12-121. We are highly encouraged by our results to date."

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

Gordon Davidson, P. Geol., 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.

To view Section 7015N please click on the following link: http://media3.marketwire.com/docs/0312lar.jpg

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