ValGold Resources Ltd VAL:CA in joint venture with Northern Gold Mining Inc NGM:CA announced results from the Garrcon Deposit on ValGold’s Garrison Gold Property in Ontario. Assay highlights include 1.01 g/t gold over 11 metres, 5.09 g/t over 1 metre, 0.62 g/t over 30 metres, 1.07 g/t over 101 metres (including 1.93 g/t over 25 metres, 2.86 g/t over 11.5 metres and 10.87 g/t over 1 metre) and 0.97 g/t over 38 metres (including 30.05 g/t over 1 metre). Northern Gold has an option to earn up to an 80% interest in Garrison Gold Project and is the project operator.
Northern Gold President/CEO Martin Shefsky said, “Our 2010 drill program on the Garrcon deposit continues to produce positive results and adds to the potential of establishing an open pit mine. The recent drilling demonstrates both continuity of the geology and the mineralization as well as upgrading the resource quality with closer spaced infill drilling. With these drill results and an aggressive infill drill program we will further define the mineral resource as well as test the strike potential of this large gold system.”
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Martin R. Shefsky
by Ted Niles