GREY:ADAIF - Post by User
Post by
Sonsubon Oct 22, 2007 9:55am
208 Views
Post# 13614038
Looks good, pity about the timing
Looks good, pity about the timingAcadian Mining Corporation INTERSECTS 30 METRES GRADING
3.2 G/T GOLD INCLUDING 6 METRES GRADING 13.8 G/T GOLD AT BEAVER DAM, NOVA SCOTIA
NOVEMBER 1, 2007 TARGET DATE FOR LISTING ON TORONTO STOCK EXCHANGE
Acadian Mining Corporation (ADA-TSX-V) ("Acadian" or "Corporation") announced results of 6 drill holes today from its diamond drilling program testing the continuity of higher grade zones of gold mineralization at depth on the Beaver Dam property. The drill program results were positive and support the continuation of assessment of the underground potential beneath the zone presently being evaluated for a possible open pit operation. Drill holes of particular note include BD2007-134 which intersected 6 metres of 13.87 g/t gold including 2 metres of 33.28 g/t and BD2007-137 which intersected 4 metres of 10.54 g/t gold.
Details of assay results for the 6 new holes are provided in Table 1 below. Highlights of the 133 previously released holes are provided in Table 1 of News Release No. 18-07, June 5, 2007, Table 1 of News Release No. 06-07, March 1, 2007 and Table 2 of News Release No. 11-06, April 24, 2006 and Table 1 of News Release No. 18-06, August 17, 2006 and Table 1 of News Release No. 01-07, February 1, 2007. Assay results are over drill intercept widths. The true width of gold mineralized intercepts varies from approximately 80% (-50 dip hole) to 85% (-45 dip hole) of the intercept width.