Appleton Intersects 31 Metres of 2.79 g/t Au at Manalo
15 6월 2010 - 9:02PM
Marketwired Canada
Appleton Exploration Inc. (TSX VENTURE:AEX) is pleased to announce initial
results from its spring 2010 reverse circulation (RC) and aircore (AC) drill
campaign on the northern and southern segments of the Dialafara Prospect on the
Manalo Gold Project, Mali, West Africa. Highlights include 31 metres of 2.79
grams per tonne (g/t) gold (uncut) in a broader interval of 61 metres of 1.62
grams per tonne gold (uncut). Follow-up analysis by screen metallics methods
returned 1.43 g/t Au over the 31 metre interval and 0.95 g/t Au over the 61
metre interval, confirming gold mineralization.
Table 1 - Highlights from MDL-10-086, Dialafara South Segment
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Fire
From To Length Assays Check Screen Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL09-086 47 108 61 1.62 0.95
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incl 47 65 18 0.65 0.73
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incl 65 77 12 0.17 0.11
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incl 77 108 31 2.79 1.43
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incl 102 108 6 12.93 4.73
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incl 106 107 1 57.30 2.29
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The drill results above are part of the 4,300 metre, 37 hole RC drill program
and 3,771 metre, 67 hole AC drill program conducted during March and April 2010.
Maps showing drill collars locations and tables of metre by metre results for
each of the intervals tabled in this news release are available on the Manalo
Current Exploration Page on the Company's website: www.appletonexploration.com.
Appleton is earning a 100% interest from Delta Exploration Inc., a wholly-owned
subsidiary of Rockgate Capital Corp.
Dialafara South Segment
Twenty-nine RC drill holes totalling 3,328 metres tested along approximately 900
metres of the Dialafara South structure. To date, results have been received for
5 holes from this area. MDL-10-086, reported above, was collared under the
central artisanal workings where mapping indicates the presence of northeast and
northwest trending quartz veins in a stockwork. MDL-10-086 is situated between
holes MDL-09-053 and MDL-09-054, which returned 1.58 g/t Au over 10 metres and
3.32 g/t Au over 18 metres, respectively, in a west-northwest-trending
quartz-rich structure. Significantly, gold mineralization in MDL-10-086 extends
10 metres into rock without quartz veining.
In addition, four holes, MDL-10-074 to MDL-10-077, located about 150 metres
northwest of MDL-10-086 in the northwest artisanal workings on the Dialafara
South structure intersected weakly mineralized quartz veining proximal to the
main structure. Their highlights are tabled below. These four holes are in the
vicinity of previous drilling, which included 27 metres averaging 0.50 g/t Au
from MDL-09-068.
Table 2 - Other Highlights from Dialafara South Segment
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Fire
From To Length Assays Check Screen Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL09-074 70 84 14 0.20 0.33
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and 108 116 8 0.32 0.47
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MDL09-076 33 39 6 0.28 0.54
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and 69 70 1 1.81 5.43
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Dialafara North Segment
MDL-10-079 intersected high-grade gold mineralization associated with quartz
veining at the bottom of the hole. MDL-10-079 returned 6.54 g/t Au across 10
metres by fire assay and 2.30 g/t Au by screen metallics methods. MDL-10-079 was
collared 50 metres northwest of section MDL-09-046 and MDL-09-062, which
intersected 2.80 g/t Au over 11 metres and 1.03 g/t Au over 9 metres,
respectively. MDL-10-080 was collared too far to the southwest so failed to
reach the mineralized structure. Thus, this mineralized zone remains open to the
northwest, heading toward mineralization identified some 750 metres to the
northwest.
MDL-10-081 to 085 tested 400 to 700 metres southeast of MDL-10-079, southeast of
the Dialafara north artisanal workings. MDL-10-081 was collared approximately 60
metres southeast of MDL-09-065, which intersected 7 metres of 34.97 g/t Au.
Table 3 - Highlights from Dialafara North Segment
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Fire
From To Length Assays Check Screen Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL-10-079 114 124 10 6.54 2.32
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incl 118 124 6 10.75 3.82
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incl 119 120 1 50.80 13.90
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MDL-10-081 62 69 7 0.43 0.17
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MDL-10-082 50 57 7 0.65 0.61
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MDL-10-084 97 100 3 0.94 0.88
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Dialafara North Segment - NW Step-out
One RC hole, MDL-10-078, was drilled to test low-grade mineralization
intersected in aircore drilling in 2009. MAC-09-001 intersected 0.17 g/t Au
across 30 metres. MDL-10-078 intersected anomalous gold values between 95 and
116 metres downhole, including 1.28 g/t Au over 2 metres. A new fence of aircore
drilling comprising 8 holes stepped 100 metres to the south, intersecting an 8
metre interval averaging 0.73 g/t Au in MAC-10-099. This structure is on strike
with Dialafara north segment mineralization. MAC-10-096 also intersected 10.65
g/t Au over 1 metre in a 4-metre moderately quartz-rich structure.
All samples were analyzed by 50 gram fire assay. Samples identified in
potentially mineralized zones or that returned anomalous (greater than 0.10 g/t)
gold values were checked with screen metallics analysis. Previous work suggests
that Manalo hosts moderate coarse gold.
Quality Control and Assurance
The widths and grades reported are drill intercept widths and may not represent
the true width of mineralization. Individual gold assays have not been cut but
high grade samples have been separately reported in the table above. Samples are
reverse circulation cuttings collected using a cyclone in 1 metre intervals that
are riffle split at the drill site. Samples are assayed by fire assay (50 gram
charge). Zones of quartz veining and limonite were submitted for check assays by
the screen metallic method in order identify the presence and significance of
coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO
17025 certified laboratory. Standard, blank and duplicate samples were inserted
throughout the sample sequence as quality control checks. Both Chris Wild,
P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for
the drilling campaign.
About Mali
Mali is the fastest growing gold producing country in Africa. Production in 2007
amounted to 2 million ounces of gold making Mali Africa's third-largest gold
producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the
largest gold mining companies in the world, has interests in three operating
mines in Mali: Sadiola, Yatela and Morila.
On Behalf of the Board of Directors,
"R. Tim Henneberry"
R. Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified
Person as defined in National Instrument 43-101, who has reviewed and approved
the technical content of this news release.
Forward-Looking Statements
This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
including the Company's strategy, exploration programs, plans or future
financial or operating performance and other statements that express
management's expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
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the Company's management in light of their experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors management believes are appropriate in the circumstances. These
statements, however, are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from those expressed,
implied by or projected in the forward-looking information or statements.
Important factors that could cause actual results to differ from these
forward-looking statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects, risks related
to international operations, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project parameters
as plans continue to be refined, future prices of gold, as well as those factors
discussed in the sections relating to risk factors of the Company set out in the
Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, the Company does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.
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