GREY:VITFF - Post by User
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scotchbobbyon Jun 24, 2009 11:59am
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Post# 16094870
the hole before was a good hit too
the hole before was a good hit tooVictoria Gold Announces Additional High Grade Gold Intercepts From the Helen Zone
Victoria Gold Corporation
VIT4/7/2009 11:40:23 AM
Wide Mineralized Zone in First Deep Step-out Hole
TORONTO, ONTARIO, Apr 07, 2009 (MARKET WIRE via COMTEX News Network) --
Victoria Gold Corp. (TSX VENTURE: VIT) ("Victoria" or "the Company") is pleased to announce the latest assay results from the Helen Zone at the Cove Project located in north-central Nevada.
The purpose of drill hole NW-14 was to test the Helen Zone for the first time below where previous drilling defined a plunge length of approximately 150 m.
NW-14 intersected the Helen Zone approximately 65 m below and 20 m to the east of NW-13a which intersected 16.75 g/t of gold over 29.6 m plus 11.85 g/t of gold over 35.6 m (see news release dated December 11, 2008). A diagram showing the location of drill hole NW-14 can be found at www.vitgoldcorp.com.
NW-14 demonstrates that, in the Company's view, the Helen Zone is broad and consistently mineralized at depth.
Selected assay results from drill hole NW-14 at the Helen Zone,
Cove Project, Nevada
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From To Interval (m) Gold Grade
(m) (m) (g/t)
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392.3 434.9 42.7 1.26
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537.1 563.0 25.9 3.90
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Incl 546.2 552.3 6.1 8.32
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And incl 546.2 549.2 3.1 14.06
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567.5 569.1 1.5 7.20
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592.5 602.9 10.4 13.74
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Incl 592.5 599.2 6.7 19.95
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And incl 592.5 595.3 2.7 42.93
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608.1 617.5 9.5 2.67
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710.2 715.1 4.9 1.00
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"We are very pleased with the results from hole NW-14. This hole contained many intervals of high grade gold which indicate a strong gold system. Additionally, hole NW-14 contained over 400 m of alteration - much of it containing anomalous gold -- which shows that the mineralization in the Helen Zone is large in scale", said Mr. Chad Williams, President and CEO of Victoria. "We remain in the early days of exploration at the Helen Zone and are still in the process of fine-tuning our understanding of the geometry of this gold system. Using the information gained from NW-14 we now believe that the best gold values in terms of grades and thicknesses will be found slightly to the west of where NW-14 intersected the Helen Zone."
The drilling of NW-14 was on-time and on-budget which further demonstrates that the Company's innovative drilling techniques developed late in 2008 continue to perform well. Drilling was carried out using HQ and NQ-sized core with assays taken mostly at 1.52 m intervals. The true width intersection of NW-14 is not known at this time. Assays were undertaken by Inspectorate America Corporation in Reno, Nevada using fire assay followed by atomic absorption finish or fire assay followed by gravimetric finish.
Future Plans at Cove