Vedron Gold Inc.
TSX VENTURE : VG

Vedron Gold Inc.

October 25, 2005 16:05 ET

Vedron Reports a New Property Acquisition Adjoining the Maude Ramp Property, Timmins, Ontario

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) - Vedron Gold Inc., TSX-V:VG, FRANKFURT:VN3, is pleased to announce the acquisition of a gold property located adjacent to the Maude Ramp property located 40 kilometers east of Timmins, from Garry Windsor, a prospector, who is arm's length to the Company. The Windsor property consists of 8 staked claims comprised of 15 units, totaling 240 hectares and adjoins to the east of the Maude Ramp property that has been optioned by Vedron Gold. The Windsor Property increases the strike length controlled by Vedron on the Pipestone Fault from 5.0 km to 6.5 km.

The property is located about 8 kilometers north of the Destor-Porcupine Deformation Zone, encompassing a 1.5 kilometre strike length of the Pipestone Fault and a subsidiary subparallel fault, the Painkiller Lake Fault. The rocks along the traces of these 2 structures have been silicified and altered and are anomalous in gold. Gold was first discovered on the property in 1907. The first reported work was in 1918 when a small shaft was sunk on a visible gold occurrence. Lucky Ben Gold Mines Ltd carried out trenching on another section of the property (Ontario Department of Mines, Annual Report 1919). The claims were patented and little exploration work was carried out in subsequent years.

Vedron sampled 5 historic occurrences on the property with 12 grab samples. Results ranged from 0.03 to 11.79 grams per tonne gold with an average of 2.16 grams per tonne.

Vedron Gold Inc. may acquire a 100% interest in the Windsor property, over a three year term, through cash payments totaling $55,000 and the issuance of 200,000 common shares of the Company. The property vendor will retain a 2.0% NSR (Net Smelter Royalty), of which 1.0% is purchasable at Vedron's election for $1,500,000. The transaction is conditional upon regulatory approval.

The prospect is road accessible and power is located nearby.

This press release was approved by Ken Guy P.Geo, QP 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