Vedron Gold Inc.: Drilling to Commence on the Buffalo Ankerite Property, Timmins, Ontario.TORONTO -- Vedron Gold Inc., TSX-V:VG, FRANKFURT:VN3, plans to commence exploration drilling on the Buffalo Ankerite an·ker·ite n. A white, gray, or red iron-rich dolomitic or carbonate mineral, Ca(Fe,Mg,Mn)(CO3)2. [After M.J. Anker (1771-1843), Austrian mineralogist.] Property. A drilling rig is currently being mobilized to the property for the October drilling program. This program will follow up on diamond drilling completed by Placer Dome who outlined near surface 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. to a depth of 450 feet along a 2,500 foot strike length over the South Mine vein system during 2001-2003. The Buffalo Ankerite Property produced 1,018,000 ounces of gold (source: Ontario Ministry of Northern Development and Mines) from 1926 to 1953 when it was closed during the era of the fixed $35 gold price. Vedron has a 100% interest in the Buffalo Ankerite Property. The exploration work, consisting of an estimated 12 drill holes totaling 1,500 metres of drilling, is designed to test the area from the South Mine up to and adjacent to the North Mine to follow up on the results of the drilling work which press released on December 9, 2004. The Buffalo Ankerite Property geology consists of a folded complex of altered ultramafic volcanics, pillowed and massive mafic flows, quartz porphyry, mafic tuffs and fragmental frag·men·tal adj. 1. Fragmentary. 2. Geology Consisting of broken rock, coal, or ore moved from its place of origin. frag·men lavas. Gold mineralization occurs in quartz tourmaline tourmaline (t  r`məlĭn, –lēn), complex borosilicate mineral with varying amounts of aluminum, iron, magnesium, sodium, lithium, potassium, and sometimes other elements, ankerite veins located at the contact of ultramafic and mafic rocks as well as quartz porphyry intrusive hosted mineralization. This stratigraphic package hosts several gold producers of the Timmins gold camp. Neighbouring properties, the Aunor-Delnite (1940-88) on the west boundary produced 3.4 million ounces of gold and the Paymaster-Dome-Preston (1910-present) property on the east boundary produced 16.2 million ounces gold (source: Ontario Ministry of Northern Development and Mines). Vedron believes good potential exists to increase the extent of the 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. zones located on the Buffalo Ankerite Property. The information in this news release has been reviewed by Ken Guy, Qualified Person for Vedron Gold. To find out more about Vedron Gold Inc. (TSX-V:VG), visit our website at www.vedron.com Shares: 54,558,947 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. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Vedron Gold Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:VG) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion