VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2012) - La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") is pleased to announce that final assays have been received from the 2012 summer drilling on its Preview SW deposit in northern Saskatchewan. The most recent results further confirm the extension of the deposit both along strike and down dip to the southwest.
Drill hole PR12-141 intersected:
- 2.06 g/t gold (g/t Au) over 16.45 metres (m) starting at 200.95 m
Drill hole PR12-142 intersected:
- 6.28 g/t Au over 5.13 m starting at 253.20 m
Drill hole PR12-143 intersected:
- 2.14 g/t Au over 22.59 m starting at 199.00 m
Including 6.56 g/t Au over 5.05 m
- 2.22 g/t Au over 11.80 m starting at 283.70 m
- Preview SW gold Deposit size's length grew from 250 m to 612 m (145% increase)
A complete summary of selected mineralized intercepts from holes PR12-141 to -143 is given below.
2012 Confirmation and Extension Drilling:
Both the 2012 winter-spring and summer diamond drilling programs were aimed at historical drilling results confirmation and extension of the Preview SW gold deposit.
During the 2012 spring-winter drilling campaign, the Company drilled outside of the historic deposit, to the southwest of the Preview SW deposit, and hit 6.41 g/t gold (Au) over 33.0 m and 8.26 g/t Au over 19.95 m in hole PR12-123. During the 2012 summer exploration/extension drilling campaign, a 90 metres further step-out to the southwest of the deposit intersected 7.49 g/t Au over 12.8 m in drill hole PR12-137.
This Release includes results from the final three holes in the summer drilling program (PR12-141, -142 and -143). PR12-141 is a 125 m step-out from the historical drilling and has intersected 2.06 g/t Au over 16.45 m, confirming that the mineralization is still clearly open in all directions. Drill hole PR12-142 intersected 6.28 g/t Au over 5.13 m. PR12-142 is a 50m step-out from drill hole -139 which intersected 2.52 g/t Au over 41.50 m. Drill hole PR12-143 has hit 2.14 g/t Au over 22.59 m; it's westernmost holes drilled to date on the project. Please visit the website for details.
The results from this summer's program have confirmed that this deposit is much larger than previously defined.
During the 2012 winter-spring and summer drilling campaigns the deposit size's length grew from 250 m to 612 m (145% increase) and its depth from 180 m depth to 270 m (50% increase). The Preview SW gold deposit remains clearly open in all directions. The Company has just recently completed an air-born geophysical survey over the entire claims. The geophysical survey, along with the favourable host rock showings and historical drilling and sampling, confirms a potential strike length of about 5200 m. Please refer to the Company website for the maps showing the air-borne geophysical survey results.
Plan maps of drill hole locations as well as a sections showing the results of all of the drill holes completed this summer can be viewed at http://www.larongegold.com/projects/saskatchewan/preview-sw/drilling-resources/.
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 4.35 metres. The attitude of mineralized intervals varies, and reported mineralized intersections may not represent true widths.
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. 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 and the most recent drilling indicate that gold mineralization is open in both directions along strike and down dip. The Company's recent drilling also indicates that high grade gold mineralization is also locally present in felsic volcanic rocks that surround the diorite intrusion.
In addition to extending the known limits of the deposit, the drill program was designed to update the historical resources to NI 43-101 standards. These historical resources are discussed in the Company's News Releases dated October 17 and November 2, 2011. The Preview SW deposit is also open to the northeast, but lake coverage prevented drill follow-up in the summer season. Once all the recent drill data is incorporated into the Company's database, a resource estimate for the Preview SW deposit will be completed.
"We are continuously increasing the Preview SW gold deposit's size every time we have drilled and each one of our drill holes intersected significant gold mineralization," commented the Company's President, Rasool Mohammad. "Our goal is to put the resources we will outline through our exploration in the belt towards the production, following an economic study."
Analyzed samples consisting of sawn drill core were analyzed by TSL Laboratories in Saskatoon with fire assay techniques. La Ronge Gold has implemented an industry standard QA/QC program consisting of randomly inserted standards, blanks and duplicates into the sample stream to ensure assay accuracy and repeatability.
Gordon Davidson, P. Geol., the company's Vice President of Exploration and a qualified person for the purposes of National Instrument 43-101 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 resources, and is in the process of bringing those historical resources to 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.