Confederation Minerals Ltd TSXV:CFM in joint venture with Redstar Gold Corp TSXV:RGC announced assay results from the Newman Todd Property in the Red Lake Gold District in northern Ontario. Highlights include 15.48 g/t gold over 3.5 metres (including 25.55 g/t over 2 metres), 3.6 g/t over 2 metres, 5.21 g/t over 1 metre, 4.83 g/t over 1 metre, 11.65 g/t over 1 metre, 7.12 g/t over 1 metre, 7.33 g/t over 1 metre and 3.61 g/t over 1 metre. Confederation has an option to acquire up to 70% of Newman Todd and is the project operator.
Confederation President/Director Lawrence Dick remarked, “The results of our winter, 2011 drilling program, which has built on the historical drilling success of Redstar Gold Corp, has far succeeded our expectations. Besides returning amongst the highest grade gold results from the Heath Bull Zone, results continue to indicate that the entire NTS is gold-bearing. Each of the additional gold-bearing zones drilled along the structure demonstrate the potential to host steeply-dipping, high grade gold zones at shallow depths, and remain wide open both to depth and along strike. Historic and present drilling on the property now totals 30 holes, all of which have intersected gold mineralization along the NTZ. The four gold-bearing zones defined by this drilling are all open to depth and along strike. Thus, results to date have significantly enhanced the potential of the project.”
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by Ted Niles