Tuesday 6th December 2016

Resource Clips


Posts tagged ‘Gammon Gold Inc (GAM)’

Gammon reports Mexico assays up to 8.96 g/t gold, 587 g/t silver over 5m

March 8th, 2011

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.”

View Company Profile

Contact:
Peter Drobeck
Senior VP Exploration and Business Development
416.646.3825

or Anne Day
Director, Investor Relations
416.646.3825

by Ted Niles

Gammon reports Mexico Gold Assays up to 0.63 g/t over 49.3m

January 27th, 2011

Gammon Gold Inc TSX:GAM announced assays from its Los Jarros Project in western Chihuahua State, Mexico. Results include 0.68 g/t gold over 36 metres, 0.57 g/t over 60 metres, 0.69 g/t over 26.6 metres, 0.63 g/t over 49.3 metres (including 1.67 g/t over 10.2 metres), and 15.7 g/t gold and 42 g/t silver over 5.1 metres.

Senior VP Exploration Peter Drobeck said, “We are very encouraged by the mineralization drilled in this initial campaign as it documents extensive disseminated gold mineralization as well as locally high-grade gold. The mineralization occurs in a multi-stage breccia with alteration typical of high-sulfidation epithermal systems. This is a large zone still open to expansion of low-grade disseminated gold mineralization within which are higher grades that warrant follow up drilling. This is an exceptional start to a reconnaissance drilling program on a property we acquired only five months ago.”

View Company Profile

Contact:
Peter Drobeck
Sr. VP Exploration and Business Development
416.646.3825

or Anne Day
Director, Investor Relations
416.646.3825

by Ted Niles