Lund Gold Ltd.: Blackfox Property Summer Program Update
16 6월 2010 - 10:30PM
Marketwired
Lund Gold Ltd. ("Lund") (TSX VENTURE: LGD) is pleased to announce
its summer 2010 exploration plans for the Blackfox Property in
Northern Ontario. The Blackfox Property is located approximately
225 km east of Thunder Bay and approximately 70 km west of the 25
million ounce Hemlo Gold Deposit. The property lies within an
extension of the Schreiber-Hemlo Greenstone Belt which is also host
to the Hemlo Gold Deposit.
As previously reported, the discovery of high grade gold float
near the centre of the Blackfox Property, sampled and assayed by
the Ontario Ministry of Northern Development and Mines ("MNDM")
office in Thunder Bay, returned consistent results ranging from 165
to 189 g/t gold. The hydrothermally altered float samples (silica,
sericite and iron carbonate with pyrite) consisted of fragile
angular blocks that are assumed proximal to their source
location.
The initial phase of exploration completed between fall 2008 and
spring 2009 comprised detailed geological and geochemical sampling
and mapping, prospecting, line-cutting and detailed ground magnetic
surveying. In total, 2,618 soil and 421 rock samples were collected
and 52 line kilometers of ground magnetics were completed. Initial
gold results confirmed the existence of gold-in-soil anomalies (up
to 1,260 ppb Au) within the Blackfox Property. Rock samples
collected at the property contain up to 3 g/t Au from the Fire
Mountain showing/area.
A northeast trending sequence of folded and faulted mafic-felsic
volcanic, sedimentary and intrusive rocks occur to the north of
Black Fox Lake. Soil anomalies within this area returned results of
up to 1,260 ppb Au. Nearby, six of twelve soil samples collected
across a belt of mafic volcanic rocks returned results ranging from
between 50 and 90 ppb Au. The Blackfox soil anomaly occurs within
an area of complex structural geology that includes northeast
trending faults and isoclinal folds that have been overprinted by
late northwest-southeast trending folds, faults and diabase dykes.
The results of a 1999 Ontario Geological Survey helicopter-borne
geophysical survey reveal the area is coincident with northeast
trending conductive and northwest trending magnetic anomalies.
Based on the presence of favourable geology and coincident
conductive, magnetic and gold-in-soil anomalies, Lund considers the
Blackfox anomaly a high priority for follow-up. The summer 2010
exploration program will include prospecting, rock geochemical
sampling and geologic mapping to determine the source of the soil
anomaly and identify the geologic and structural controls of
mineralization.
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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