Lund Starts Exploration at Don-Don Project
30 10월 2009 - 2:32AM
Marketwired
Lund Gold Ltd. (TSX VENTURE: LGD) has commenced exploration at its
newly optioned Don-Don Property, accessible by road 250 kilometres
north of Ft. St. James and located in the Omineca Mining Division
of British Columbia. The 6,105-hectare property is situated in the
northern Quesnel Trough, the structural stratigraphic corridor that
hosts the producing Kemess mine, the advanced Mt. Milligan mine
project, Amarc Resource Ltd.'s ("Amarc") contiguous Pinchi Project
and Serengeti Resources's recently discovered Kwanika deposit (45
kms to the south).
A large northwest trending, coincident airborne magnetic and
ground induced polarization (IP) geophysical anomaly on Amarc's
adjacent Pinchi project property has been targeted in their recent
drill program. This prominent geophysical target coincides with a
portion of the Pinchi Fault where intrusive phases of the Hogem
Batholith have been found to host copper-gold mineralization.
Approximately 600 metres of this coincident I.P.
chargeability/magnetic anomaly appears to be open to depth to the
southwest, potentially extending onto the northern portion of the
Don-Don property. A second, nearby sub parallel northwest trending
magnetic anomaly, which may represent a slice of the Hogem
intrusive rocks has also been identified.
In addition, Lund has contracted Kit Campbell of Intrepid
geophysics to complete a review of the available public, regional
geophysical, geochemical and remote sensing data for the area. Five
EM anomalies were identified to occur within an overall anomalously
(20 by 10 kilometre) conductive zone within the central and
southern portion of the Don-Don property. Higher resolution
aeromagnetic data has also identified a number of linear features,
possibly related to structures or lithological contacts and
smaller, possibly intrusive related, magnetic signatures.
The above anomalies constitute the first generation of
exploration targets to be evaluated. Lund's initial exploration
program, now underway, will consist of 20 kilometres of line
cutting, induced polarization (IP) and ground magnetic surveys
followed by at least 1,000 metres of diamond drilling.
Prospective rocks of the Quesnel Trough cut through central
British Columbia from the U.S. border north to the Stikine River
and host most of the province's producing copper mines and advanced
deposits. This 2,000-km-long belt is known as a prime exploration
ground for alkalic copper-gold-silver deposits and calc-alkaline
porphyry copper-molybdenum deposits, but is also prospective for
other mineral deposit types. The diverse mineral potential and new
mineral discoveries within the Quesnel Trough have made it
attractive for exploration and Lund is pleased to be active in
British Columbia's most productive mineral belt.
To find out more about Lund Gold Ltd. (TSX VENTURE: LGD), visit
our website at www.lundgold.com.
On behalf of the Board of Directors of LUND GOLD LTD.
Chet Idziszek, President
Neither 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.
Contacts: Lund Gold Ltd. David Scott Investor Relations (604)
331-8772 or Toll-free (877) 529-8475 (604) 331-8773 (FAX)
dscott@mine-tech.com www.lundgold.com
Lund Enterprises Corporation (TSXV:LGD)
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Lund Enterprises Corporation (TSXV:LGD)
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