Vedron Gold Inc.
TSX VENTURE : VG

Vedron Gold Inc.

October 04, 2005 16:05 ET

Vedron Gold Inc.: Drilling to Commence on the Buffalo Ankerite Property, Timmins, Ontario

TORONTO, ONTARIO--(CCNMatthews - Oct. 4, 2005) - Vedron Gold Inc., TSX-V:VG, FRANKFURT:VN3, plans to commence exploration drilling on the Buffalo Ankerite Property. A drilling rig is currently being mobilized to the property for the October drilling program.

This program will follow up on diamond drilling completed by Placer Dome who outlined near surface gold mineralization to a depth of 450 feet along a 2,500 foot strike length over the South Mine vein system during 2001-2003. The Buffalo Ankerite Property produced 1,018,000 ounces of gold (source: Ontario Ministry of Northern Development and Mines) from 1926 to 1953 when it was closed during the era of the fixed $35 gold price. Vedron has a 100% interest in the Buffalo Ankerite Property.

The exploration work, consisting of an estimated 12 drill holes totaling 1,500 metres of drilling, is designed to test the area from the South Mine up to and adjacent to the North Mine to follow up on the results of the drilling work which press released on December 9, 2004.

The Buffalo Ankerite Property geology consists of a folded complex of altered ultramafic volcanics, pillowed and massive mafic flows, quartz porphyry, mafic tuffs and fragmental lavas. Gold mineralization occurs in quartz tourmaline ankerite veins located at the contact of ultramafic and mafic rocks as well as quartz porphyry intrusive hosted mineralization. This stratigraphic package hosts several gold producers of the Timmins gold camp. Neighbouring properties, the Aunor-Delnite (1940-88) on the west boundary produced 3.4 million ounces of gold and the Paymaster-Dome-Preston (1910-present) property on the east boundary produced 16.2 million ounces gold (source: Ontario Ministry of Northern Development and Mines). Vedron believes good potential exists to increase the extent of the gold mineralized zones located on the Buffalo Ankerite Property.

The information in this news release has been reviewed by Ken Guy, Qualified Person for Vedron Gold.

To find out more about Vedron Gold Inc. (TSX-V:VG), visit our
website at www.vedron.com

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Contact Information

  • Vedron Gold Inc.
    Tom Meredith
    President
    (416) 368-0099
    Website: www.vedron.com