Gammon Gold Inc TSX:GAM announced drill results from its Guadalupe y Calvo Project in southern Chihuahua State, Mexico. Highlights include 62.37 g/t gold and 56 g/t silver over 1.1 metres, 8.96 g/t gold and 587 g/t silver over 5 metres, 8.64 g/t gold and 656 g/t silver over 2 metres, 19.21 g/t gold and 73 g/t silver over 1.1 metres.
Senior VP Exploration Peter Drobeck said, “We are very encouraged by the mineralization discovered in the Rosario Northwest Extension as it increases the length of the high grade mineralization a further 500 metres from the 2008 drilling program. The Northwest Extension has never been previously explored as the vein occurs below the post-mineral tuffs. Due to the success of the drilling program over the past eight months, the Board of Directors have approved a budget of $4 to $5 million for 2011 to develop this new discovery. In addition, the Preliminary Economic Assessment is now being expanded to include these new and encouraging drill results.”
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Senior VP Exploration and Business Development
or Anne Day
Director, Investor Relations
by Ted Niles