Touchdown Resources Inc.
TSX VENTURE : TDW

February 23, 2011 09:01 ET

Touchdown Commences Drilling at Argyle Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2011) - Touchdown Resources Inc. (TSX VENTURE:TDW) (the "Company") is pleased to announce they have entered into a contract with McHoldings Ltd. of Timmins, Ontario to execute its drill plans for the Argyle Gold Project near Matachewan Ontario. A drill rig (NQ) has been mobilized to the property, and a minimum 4 hole, 800m program will commence today. The Company is prepared and capitalized to expand on the designed program if it is deemed warranted.

Preliminary exploration on the property included soil geochemical sampling, magnetometer and an induced polarization (IP) survey. The planned drill program will be mainly targeting IP anomalies whose signatures indicate the possible presence of mineralized alteration zones.

The Argyle Project is located 60 kilometres west of Kirkland Lake in Northern Ontario and can be readily accessed by Highway 566 approximately 17km east of Matachewan. The project covers more than 20,000 acres (80 square-kilometres) on an underexplored western extension of the Kirkland Lake and Larder Lake gold camp, Canada's second most productive gold region.

Argyle lies approximately 19 km west of Northgate Minerals Corporation's Young-Davidson project (whose recent feasibility study has their proven and probable gold reserve at 2,758,000 ounces), and only 2 ½ km southwest of the historic Ashley Gold Mine.

Richard Macey, President of Touchdown stated: "The Company is very pleased to have reached the stage where it can begin drilling in such an exciting area, and at such an opportune time for gold exploration. These targets will likely form just a portion of a larger diamond drill program to be conducted by the Company throughout 2011."

On Behalf of the Board,
Touchdown Resources Inc.

Richard Macey, President

"Neither the 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

  • Touchdown Resources Inc.
    Richard Macey
    President
    (604) 669-0401
    (604) 669-0414 (FAX)