Acadian Gold Discovers New Gold Zone and Identifies Fourth Geological Ribbon at Forest Hill.HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ) ("Acadian Gold") is pleased to announce results from its latest diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program at its Forest Hill project in Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography . Results were successful in delineating an approximately 500 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, long gold mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. shoot in Ribbon ribbon, relatively narrow width of woven fabric edged with selvage. Ribbons have been used for centuries as girdles, headdresses, and badges and for ornamentation. 1 of the Fraser-Alimak vein system which remains open to the east and at depth. Uncut gold grades for drill holes defining the shoot, including previously reported drill holes, range between 1.36 g/t gold to 242.82 g/t gold over an estimated true width of 1.2 metres. The average gold grade for these 1.2 metre intersections within the shoot, cut to 50 g/t gold, is 12.63g/t. The height of the shoot remains to be confirmed through additional drilling, however, it is interpreted to locally measure up to 100 metres. This shoot commences at surface at or near to Section 1025 E and plunges gently at approximately 10 degrees east to Section 1525 E where it remains open. This newly discovered gold mineralized shoot resulted from the drill follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan of Acadian Gold's discovery hole FH-03-11 which assayed 242.82 g/t gold over 1.2 metres (uncut), and will be incorporated into a resource update currently in progress. An inferred resource of 300,500 ounces (792,000 tonnes grading 11.8 g/t gold uncut at 1 g/t gold threshold) was previously reported in Press Release No.15-04, August 31, 2004. The Fraser-Alimak is the first vein system to show a fourth ribbon, Ribbon A, which is located up-dip from Ribbon 1 between section lines Section lines in the United States are one mile apart. When surveyors originally map an area, for instance a township, it was their custom to divide the new township into 36 - 1 square mile sections. Property ownership often followed this layout. A section is a 1 by 1 mile area. 1700 E and 2050 E, and immediately north of the existing 1900 East ramp development area. Existence of gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. within stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the of interest east of Line 2050 E is demonstrated by several historic drill holes, including FH85-08, which intersected 24.00 g/t gold over an estimated true width of 1.2 meters on line 2650 E at 1750N and is still open along strike. Gold mineralization to date at Forest Hill is demonstrated over an overall strike distance of 2.25 kilometres with additional potential both to the east and west as well as at depth. Further definition was also achieved for gold mineralized shoots in ribbons on the Schoolhouse No. 1 vein between section lines 550 E and 625 E, and 1300 E and 1350 E; the Schoolhouse 4A and B and Schoolhouse 6 veins between 975 E and 1450 E; and the Salmon River Salmon River River, central Idaho, U.S. It flows northeast past the town of Salmon, where it is joined by the Lemhi River, and then northwest to join the Snake River south of the Idaho-Oregon-Washington border. It is about 420 mi (676 km) long. , Barrel, Hard and Ophir Ophir (ō`fər), in the Bible. 1 Seaport or region from which the ships of Solomon brought fine gold in great quantity. Sandalwood, precious stones, ivory, apes, and peacocks were also part of the triennial cargo. veins between 1050 E and 1600 E. Of 23 gold mineralized intercepts reported below, 12 contained visible gold. Uncut gold grades for these intercepts range between 1.36 g/t gold to 28.28 g/t gold over an estimated true width of 1.2 metres, with the highest individual, uncut vein intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. being 241.70 g/t gold over 0.09 metre estimated true width. The following drill results are the final set of a major diamond drilling program that encompassed 11,310.5 metres in 72 drill holes. Additional diamond drilling is in the planning stages.
Highlights from drill holes FH-04-40 to FH-04-72
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Sampling
Interval (b)Gold
----------- Estimated Grade Grid
From To True Grams/ Vein System Easting Ribbon
Hole (m) (m) Width (m) tonne Name (m) Number
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FH04-42 9.13 10.45 1.2 1.00 Fraser-Alimak 1200 1
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including 9.55 10.05 .45 2.30
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FH-04-43 112.35 113.67 1.20 5.23(a) Fraser-Alimak 1305 1
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including 112.65 112.95 .27 22.70
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FH-04-44 96.65 97.97 1.20 1.36 Fraser-Alimak 1250 1
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including 97.45 97.60 .14 11.20(a)
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FH-04-44 130.9 132.22 1.20 1.41 Hudson 1
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including 131.3 131.70 .36 4.57 1
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FH-04-49 52.70 54.02 1.20 2.63 Salmon River 1050
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including 53.35 53.45 .09 34.70 1
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FH-04-50 59.30 60.62 1.20 16.37 Fraser-Alimak 1200 1
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including 59.60 59.70 .09 215.10
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FH-04-50 82.85 84.17 1.20 9.46 Hudson 1 1200 1
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including 83.40 83.70 .27 41.30
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FH-04-53 97.70 99.02 1.20 1.96 Barrel 1200 1
Alteration
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including 98.00 98.7 .63 3.37
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FH-04-53 114.15 115.47 1.20 6.31 Hard 1200 1
Alteration
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including 114.40 115.0 .55 13.65
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FH-04-54 112.60 113.92 1.20 8.07 Fraser-Alimak 1510 1
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including 113.20 113.40 .18 52.80(a)
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FH-04-57 64.65 65.97 1.20 6.97 Schoolhouse 1 625 1
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including 65.30 65.45 .14 60.30(a)
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FH-04-58 47.0 48.35 1.23 5.94 Ophir 1600 1
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including 47.65 47.75 .09 73.70(a)
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FH-04-60 23.58 26.12 2.31 6.58 Fraser-Alimak 1775 A
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including 23.35 25.43 .07 135.30
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FH-04-60 31.32 32.64 1.20 2.43 Hudson 1 1775 A
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including 31.50 31.60 .09 31.70
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FH-04-61 27.00 28.32 1.20 9.41 Schoolhouse 1 550 1
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including 27.65 27.80 .14 82.80
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FH-04-65 72.73 74.05 1.20 28.28 Fraser-Alimak 1250 1
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including 73.45 73.70 0.23 45.20(a)
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and 73.70 73.80 0.09 241.70(a)
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FH-04-66 60.45 61.77 1.20 1.77 Fraser-Alimak 1350 1
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including 61.10 61.20 0.09 21.90
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FH-04-67 45.85 47.17 1.20 5.73 Schoolhouse 6A 1400 1
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including 46.50 46.60 0.09 75.60(a)
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FH-04-68 11.78 13.10 1.20 2.98 Schoolhouse 1450 1
4A/B
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including 12.44 12.55 0.10 35.40(a)
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FH-04-68 36.00 37.32 1.20 11.42 Schoolhouse 6 1450 1
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including 37.05 37.25 0.18 74.80(a)
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FH-04-68 61.37 62.69 1.20 9.99 Fraser-Alimak 1 1450 1
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including 61.90 62.25 0.32 36.80(a)
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FH-04-69 32.0 34.30 1.27 2.19 Schoolhouse 1450 1
4A/B
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including 32.0 32.10 0.09 15.20
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FH-04-70 59.55 60.87 1.20 9.20 Fraser-Alimak 1495 1
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including 59.95 60.10 0.14 80.50(a)
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(b) uncut weighted average grades; (a) visible gold
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Pertinent drill hole parameters are as follows:
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Drill Hole Easting Northing Elevation Azimuth Dip Depth
Number (m) (m) (m) (deg) (deg) (m)
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FH04-40 1349 1196 1148 180 -50 263
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FH04-41 1300 1213 1147 180 -50 394
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FH04-42 1198 1036 1146 180 -45 171
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FH04-43 1306 1137 1146 180 -45 210
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FH04-44 1252 1134 1146 180 -45 212
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FH04-45 1025 1155 1144 180 -45 76
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FH04-46 1401 1137 1147 180 -45 194
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FH04-47 975 1157 1141 180 -45 100
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FH04-48 1350 1140 1149 180 -45 200
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FH04-49 1057 1379 1131 180 -45 195
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FH04-50 1201 1135 1146 180 -45 199
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FH04-51 1150 1356 1137 180 -45 204
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FH04-52 1451 1134 1145 180 -45 176
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FH04-53 1201 1363 1136 180 -45 196
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FH04-54 1513 1141 1144 180 -45 176
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FH04-55 700 1080 1138 180 -45 94
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FH04-56 1603 1241 1135 180 -45 124
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FH04-57 623 1288 1133 180 -45 85
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FH04-58 1598 1218 1138 180 -45 74
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FH04-59 623 1288 1133 180 -55 110
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FH04-60 1775 1020 1136 180 -45 76
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FH04-61 551 1251 1140 180 -45 83
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FH04-62 1802 1020 1136 180 -45 77
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FH04-63 800 1102 1140 180 -45 149
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FH04-64 1807 1060 1132 180 -45 115
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FH04-65 1253 1075 1146 180 -45 104
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FH04-66 1349 1076 1146 180 -45 99
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FH04-67 1399 1081 1145 180 -45 101
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FH04-68 1451 1070 1144 180 -45 99
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FH04-69 1452 1091 1144 180 -45 156
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FH04-70 1496 1088 1143 180 -45 143
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FH04-71 1552 1086 1143 180 -45 125
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FH04-72 1599 1076 1141 180 -45 142
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The Forest Hill property is host to over 30 gold bearing vein systems, some of which have strike lengths that exceed 2.25 kilometres in an east west direction and occur over a stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat interval or width of approximately 220 metres from north to south. The diamond drilling program has been successful in outlining gold mineralized shoots in 3 groups of veins which combined total 30 veins. The most northerly group (the "Salmon River Group") includes the Salmon River, Step, Joe, Barrel, Hard, Ophir, McConnel and Mason vein systems; the central, or "Schoolhouse Group" includes the Schoolhouse 1 to 6 veins systems; and the most southerly group (the "Fraser-Alimak Group") includes the Fraser-Alimak, Hudson Hudson, towns, United States Hudson. 1 Industrial town (1990 pop. 17,233), Middlesex co., E central Mass., on the Assabet River, in an apple-growing region; settled c.1699, inc. 1866. and Kennedy vein systems. Acadian Gold focused its principal drilling efforts on the Schoolhouse Group between section lines 450 E and 1350 E, a strike distance of 900 metres; and the Fraser-Alimak Group between section lines 550 E and 1800 E, a distance of 1250 metres. A lesser amount of drilling was targeted on the Salmon River Group of veins between section lines 550 E and 1050 E, a distance of 500 metres. The exploration program was successful in identifying veins of particular promise, specifically the Schoolhouse Group of veins and the Fraser-Alimak Group. The Schoolhouse Group remains largely unexplored east of section line 1350 E, an area which is considered particularly prospective given the favourable results obtained from drill results on the Fraser-Alimak Group immediately to the south between section lines 1200 E and 2050 E. Drill holes FH-04-40 to FH-04-42, 45-48, 51, 52, 55, 56, 59, 62-64, 71 and 72 had no results that met a 1g/t gold over 1.2 meter estimated true width threshold parameter (1) Any value passed to a program by the user or by another program in order to customize the program for a particular purpose. A parameter may be anything; for example, a file name, a coordinate, a range of values, a money amount or a code of some kind. . The results of these holes reflect the definition drilling focus of the diamond drilling program which was designed to define boundaries to ribbons and grade shoots in the various targeted veins. Gold mineralized shoots as currently outlined at Forest Hill generally occur as discrete, shallow (less than 12 degrees), plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: bodies that repeat along strike within an individual vein, thus forming a long, relatively narrow envelope termed a "ribbon". The ribbons hosting the shoots are themselves shown to be stacked Stacked is an American television sitcom that premiered on Fox on April 13, 2005. On May 18, 2006, Stacked was cancelled, leaving five episodes unaired in the United States. The last episode aired on January 11, 2006. vertically within the vein, being separated by either very low grade or barren bar·ren adj. 1. Not producing offspring. 2. Incapable of producing offspring. barren see infertility. barren adjective Gynecology Infertile, sterile, fruitless, inconceivable vein material. Additional information pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to Forest Hill drilling program results has been previously released in press release numbers 11-04, 09-04, 06-04, 07-03, and 06-03. Peter C. Webster Webster, town (1990 pop. 16,196), Worcester co., S Mass., near the Conn. line; settled c.1713, set off from Dudley and Oxford and inc. 1832. The chief manufactures are footwear, fabrics, and textiles. , P. Geo., is responsible for the management and supervision of the Company's exploration program and Mr. Webster and Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. P. Cullen Cul·len , Countée 1903-1946. American poet whose collections Colors (1926) and Copper Sun (1927) established him as a leading figure of the Harlem Renaissance. , P.Geo. are responsible for the preparation of the technical information reported in this news release. Mr. Webster is an independent third party geologist, President of Mercator MERCATOR Cardiology A clinical trial–Multicenter European Research Trial with Cilazapril After Angioplasty to Prevent Transluminal Coronary Obstruction & Restenosis that evaluated ACE inhibition with Cilizapril in preventing restenosis after PCTA in Pts Geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. Services Limited and a qualified person as defined by National Instrument 43-101. Mr. Cullen is a Senior Geologist at Mercator and independent third party person as defined by National Instrument 43-101. The Company has implemented a quality control program to ensure that all exploration, sampling and analytical procedures Analytical Procedures is one of financial audit skill which help an auditor understand the client's business and changes in the business, to identify potential risk areas and to plan other audit procedures. are conducted in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with best practices. All drill core samples are sawn in half with half shipped by courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. to SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of Inc. for analysis and half retained in the core box for future study. Samples are analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. for gold using fire assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. pre-concentration procedures followed by atomic absorption or gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish. Samples containing quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. veins or visible gold and samples initially grading more than 0.5 grams gold/tonne are prepared using a screen metallics assay method, which provides a weighted average grade based upon analysis of plus and minus 150 mesh Refers to an interconnect architecture that cross- connects several devices. See mesh network, wireless mesh network and switch fabric. (character) mesh - The INTERCAL name for hash. sample fractions. This news release includes statements about expected future events and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. financial results that are forward looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbour for forward looking statements provisions contained in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward looking statements may include statements, plans, expectations, opinions, forecasts, projections, guidance or other statement s that are not statements of fact. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Forward Looking Statements section of the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Results in the Company's Annual Report for 2003 which is filed with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review . For additional information on the Company's properties and activities, please visit our recently updated web site at www.acadiangold.ca. If you wish to be added to the Company's email or fax distribution list for future news releases and updates, please contact us at phone: 902-444-7779, fax: 902-444-3296. Shares Outstanding: 38,878,078 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. Acadian Gold Corporation (TSX VENTURE:ADA) |
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