GREY:ADAIF - Post by User
Post by
retep6on Feb 19, 2007 2:13pm
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Post# 12264320
Drill results
Drill resultsACADIAN GOLD CONFIRMS LAKE CATCHA PROPERTY PROSPECTIVE FOR BULK TONNAGE GOLD DEPOSIT
Halifax, Nova Scotia CANADA, February 19, 2007 /FSC/ - Acadian Gold Corporation (TSX - VX: ADA), ("Acadian Gold") announced today that favourable results from a five hole, 616 metre diamond drilling program confirmed the potential for the Lake Catcha property to host a bulk tonnage gold deposit, thus warranting a phase two follow-up drill program. The Company believes this is the first time that wide intervals of low grade gold mineralization have been identified through diamond drilling on this past producing gold property.
Drill holes LC-06-04 and LC-06-05, the most southerly of the five holes, intersected 44 metres (144.3 feet) grading 0.46 g/t (0.014 oz/ton) gold and 53 metres (173.8 feet) grading 0.61 g/t (0.017 oz/ton) gold respectively.