more newsSulliden Expands Mineralization at Shahuindo and Identifies Significant Potential to Extend the Main Mineralized Corridor
Monday, September 20, 2010
TORONTO, ONTARIO--(Marketwire - Sept. 20, 2010) - Sulliden Gold Corporation Ltd. ("Sulliden", the "Company") (TSX:SUE)(OTCQX:SDDDF) is pleased to announce positive results for the first fourteen drill holes totalling approximately 2,650 meters of the current 30,000 meter exploration program on the Shahuindo property in Peru. Additionally, a recent geophysical survey has identified a significant anomaly to the South-East of the Main Mineralized Corridor (See Figure 4), which represents a potential 800 meter extension along strike of the currently defined 3.8 kilometre Main Mineralized Corridor. The Company intends to conduct drilling in this new target area during its current exploration program.
Highlighted below are selected drill results from the Central Zone, East Zone and Moyan Alto Zone which have all intersected mineralization outside of the currently known pit shell defined in the Preliminary Assessment in December 2009. These results demonstrate the continued growth potential along strike with mineralization remaining open in all directions and at depth.
-- 1.08 g/t Au and 1.4 g/t Ag over 20.8 meters and 0.66 g/t Au and 1.9 g/t Ag over 33.7 meters in hole SH10-119, and 1.41 g/t Au and 25.6 g/t Ag over 15.0 meters and 0.67 g/t Au and 3.9 g/t Ag over 16.0 meters in hole SH10-122 in the Central Zone (See Figure 1)-- 1.15 g/t Au and 35.9 g/t Ag over 54.3 meters, including 1.41 g/t Au and 48.2 g/t Ag over 38.5 meters in hole SHM10-118 in the East Zone (See Figure 2)-- 0.82 g/t Au and 10.0 g/t Ag over 33.5 meters, including 1.07 g/t Au and 15.9 g/t Ag over 15.0 meters in hole RSH10-38 in the Moyan Alto Zone (See Figure 3)
Stephane Amireault, VP Exploration commented, "The initial assay results from this exploration campaign are very encouraging and confirm the definition of additional mineralized areas in each targeted zone. The broad widths and grades of these drill holes are particularly important as most of them are located outside of the current mineral resource grade shells. This represents a good potential for us to continue to expand the mineral resource in both oxides and sulphides. The exploration program at the Shahuindo property continues to confirm a mineral deposit that is open in all directions."
Summary of Results
---------------------------------------------------------------------------- CENTRAL ZONE ---------------------------------------------------------------------------- From To Interval True Width Gold SilverDrill hole # (meters) (meters) (meters) (meters)(1) (g/t) (g/t)----------------------------------------------------------------------------SH10-117 15.3 61.2 45.9 31.4 0.33 3.7----------------------------------------------------------------------------SH10-117 69.3 83.1 13.8 9.2 0.46 1.4----------------------------------------------------------------------------SH10-117 94.9 165.3 70.4 47.0 0.73 4.2----------------------------------------------------------------------------Including 139.9 163.7 23.8 15.9 1.29 4.9----------------------------------------------------------------------------SH10-117 174.6 190.9 16.3 10.9 0.27 1.6---------------------------------------------------------------------------- ----------------------------------------------------------------------------SH10-119 10.4 43.4 33.0 20.8 1.08 1.4----------------------------------------------------------------------------SH10-119 63.9 91.9 28.0 17.3 0.53 6.5----------------------------------------------------------------------------SH10-119 108.3 162.1 53.8 33.7 0.66 1.9---------------------------------------------------------------------------- ----------------------------------------------------------------------------SH10-120(2) 0.4 42.6 42.2 29.6 0.53 1.2----------------------------------------------------------------------------SH10-120 102.1 111.1 9.0 6.2 0.61 1.0----------------------------------------------------------------------------SH10-120 126.1 220.0 93.9 63.9 0.79 5.5----------------------------------------------------------------------------Including 126.1 156.1 30.0 20.4 0.96 2.1----------------------------------------------------------------------------Including 179.1 196.4 17.3 11.8 1.48 12.9---------------------------------------------------------------------------- ----------------------------------------------------------------------------SH10-122(6) 30.3 55.8 25.5 16.0 0.67 3.9----------------------------------------------------------------------------SH10-122 75.3 105.3 30.0 18.6 0.42 2.6----------------------------------------------------------------------------SH10-122 132.3 156.3 24.0 15.0 1.41 25.6----------------------------------------------------------------------------SH10-122 175.7 185.7 10.0 6.3 0.35 18.0---------------------------------------------------------------------------- ----------------------------------------------------------------------------SH10-1232(2) 1.4 12.0 10.6 7.5 0.43 1.1----------------------------------------------------------------------------SH10-123 24.0 34.6 10.6 7.4 0.52 8.4----------------------------------------------------------------------------SH10-123 47.9 64.6 16.7 11.5 0.45 1.1----------------------------------------------------------------------------SH10-123 109.5 144.0 34.5 23.5 0.46 10.6----------------------------------------------------------------------------SH10-123 151.5 161.0 9.5 6.5 0.34 10.1----------------------------------------------------------------------------SH10-123 164.6 180.0 15.4 10.5 0.34 2.2---------------------------------------------------------------------------- ----------------------------------------------------------------------------SHM10-124(4) 0.0 150.2 150.2 -- -- ------------------------------------------------------------------------------SHM10-124 205.9 234.6 28.7 15.9 0.43 4.5----------------------------------------------------------------------------
---------------------------------------------------------------------------- EAST ZONE ---------------------------------------------------------------------------- From To Interval True Width Gold SilverDrill hole # (meters) (meters) (meters) (meters)(1) (g/t) (g/t)----------------------------------------------------------------------------SHM10-118(4) 0.0 200.0 200.0 -- -- ------------------------------------------------------------------------------SHM10- 118(3,5) 200.0 294.7 94.7 54.3 1.15 35.9----------------------------------------------------------------------------including 227.6 294.7 67.1 38.5 1.41 48.2----------------------------------------------------------------------------
---------------------------------------------------------------------------- MOYAN ALTO ZONE ---------------------------------------------------------------------------- From To Interval True Width Gold SilverDrill hole # (meters) (meters) (meters) (meters)(1) (g/t) (g/t)----------------------------------------------------------------------------RSH10-36(2) 3.0 15.0 12.0 6.9 0.57 1.1----------------------------------------------------------------------------RSH10-36 93.0 102.0 9.0 5.2 0.43 11.5----------------------------------------------------------------------------RSH10-36 112.5 117.0 4.5 2.6 0.41 6.9---------------------------------------------------------------------------- ----------------------------------------------------------------------------RSH-10-37 81.0 126.0 45.0 27.7 0.43 4.6----------------------------------------------------------------------------RSH-10-37 157.5 175.5 18.0 11.1 0.29 2.5---------------------------------------------------------------------------- ----------------------------------------------------------------------------RSH10-38 43.5 48.0 4.5 2.6 1.00 1.3----------------------------------------------------------------------------RSH-10-38 79.5 229.5 150.0 88.2 0.55 6.3----------------------------------------------------------------------------including 79.5 136.5 57.0 33.5 0.82 10.0----------------------------------------------------------------------------including 111.0 136.5 25.5 15.0 1.07 15.9---------------------------------------------------------------------------- ----------------------------------------------------------------------------RSH-10-39(3) 148.5 225.0 76.5 48.1 0.73 10.6----------------------------------------------------------------------------including 148.5 180.0 31.5 19.8 1.01 15.7---------------------------------------------------------------------------- ----------------------------------------------------------------------------RSH-10-40(3) 69.0 207.0 138.0 88.7 0.54 15.7----------------------------------------------------------------------------including 118.5 169.5 51.0 32.8 0.82 28.4---------------------------------------------------------------------------- ----------------------------------------------------------------------------RSH10-41 60.0 133.5 73.5 47.2 0.46 10.4----------------------------------------------------------------------------RSH10-41 151.5 196.5 45.0 28.9 0.50 8.9---------------------------------------------------------------------------- ----------------------------------------------------------------------------RSH10-42 82.5 174.0 91.5 60.0 0.52 5.5----------------------------------------------------------------------------including 103.5 130.5 27.0 17.7 0.92 3.9----------------------------------------------------------------------------1. Assuming vertical or near-vertical zone, perpendicular or near- perpendicular to the plane defined by the drill hole 2. Hole collared in mineralization 3. Hole bottomed in mineralization 4. Composite samples were sent for metallurgical testing, results are pending. 5. Technical constraints precluded the advancement of the drill hole 6. Mineralization in overburden