MORE NEWS!!Dec 13, 2010 09:30 ETGalahad Completes Down-Hole Geophysical Survey at Regcourt Property
OTTAWA, ONTARIO--(Marketwire - Dec. 13, 2010) - Galahad Metals Inc. (TSX VENTURE:GAX) is pleased to announce that a Hole-to-Hole 3D IP survey has been completed in all nine new drill holes on its wholly-owned Regcourt Gold Project, situated 30 km east of Val-d'Or, Québec. The down-hole geophysical survey was carried out by Abitibi Geophysics Ltd. of Val-d'Or, from December 6-9. The Regcourt Property consists of 53 claims covering over 32 km2 in the eastern part of the Abitibi Greenstone Belt.
Robin Dow, CEO reports: "the news on Regcourt just keeps getting better and better. The 5 meter interval of 19.2 g/t Au in hole RG10-02 reported last week (Press Release 9.12.10), was simply astounding. It is the first significant mining width encountered, and the interval is situated below previous drilling, but still at a shallow 142 m. The down hole 3-D IP should permit Galahad to be able to use the geophysical signature of previous gold bearing intervals as a guide to identifying future deeper targets with much more precision."