News: Galahad Completes Initial Drilling on Regcou
Galahad Completes Initial Drilling on Regcourt Property
OTTAWA, ONTARIO--(Marketwire - Dec. 2, 2010) - Galahad Metals Inc. (TSX VENTURE:GAX)is pleased to announce that the diamond-drilling portion of the currentexploration program at its wholly-owned Regcourt Gold Project, has beencompleted. The Regcourt Property is 30 km east of Val-d'Or, Québec, andconsists of 53 claims covering over 32 km2 in the easternpart of the Abitibi Greenstone Belt. The current drilling campaignincluded nine (9) holes between 200 m and 350 m long, totaling 2,342metres.
Initial logging of the core was completed at the facilitiesof MRB & Associates of Val-d'Or. The collection, preparation andassaying of core samples is ongoing. To date, 109 samples have beensubmitted to ALS Chemex Laboratories in Val-d'Or, QC; results arepending.
The next phase of exploration will comprise an"IPower3D"-array, down-hole geophysical survey that will be completed byAbitibi Geophysics of Val-d'Or. According to a representative ofAbitibi Geophysics, the survey is scheduled to be completed within thenext two weeks.
The 2010 exploration programme at the Regcourt Property isdesigned to explore and validate historic drill- andunderground-intersections around the abandoned Regcourt Mine. Thehistoric data, which has been compiled into a 3-D Gemcom® model,indicates that the mineralized vein system continues below the historicworkings, which only reached 165 metres.
The drilling program is being supervised by John LangtonM.Sc., P. Geo, of MRB & Associates, who is the Qualified Person asdefined by National Instrument 43-101 for the Regcourt Project, and hasapproved the contents of this release.
"The statements in this Press Release may contain forward lookingstatements that involve a number of risks and uncertainties. Actualevents or results could differ materially from the Company'sexpectations and projections. The TSX Venture Exchange has not approvedor disapproved of the information contained in this Press Release."
