Virginia Gold Mines Inc.: Eleonore Project.- ROBERTO : 14.52 g/t Au / 12.55 m AT A DEPTH OF 230 m - ROBERTO EAST STILL EXPANDING - ZONE VEINE : HIGH GRADE INTERSECTIONS Virginia Gold Mines Inc. ("Virginia") is pleased to announce new results from its exploration program currently in progress on its Eleonore property (100% Virginia), located in the Opinaca reservoir area, James Bay James Bay, shallow southern arm of Hudson Bay, c.300 mi (480 km) long and 140 mi (230 km) wide, E central Canada, in Nunavut Territory between Ont. and Que. Numerous rivers flow into the bay; many of these have been developed for hydroelectric power in Quebec (see .Over the last weeks, 17 additional holes (ELE-04-24 to ELE-04-40) were drilled and analysis results have been received for holes ELE-04-24 to ELE-04-34 and ELE-04-36 to ELE-04-39. ROBERTO ZONE Several new holes have tested the vertical extension of the Roberto zone below level -150 m. These holes have extended the continuity at depth of the Roberto zone to level -230 m where the deepest hole (ELE-04-34) has yielded an intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. grading 14.52 g/t Au over 12.55 m (see longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. ).The Roberto zone, which sometimes contains more than one 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. lens at depth, has returned many other excellent results under level -150 m: 20.9 g/t Au over 8,1 m (ELE-04-25); 10.78 g/t Au over 6.5 m (ELE-04-24); 10.87 g/t Au over 5.1 m (ELE-04-27); 16.50 g/t Au over 4.0 m (ELE-04-32) and 7.53 g/t Au over 7.0 m (ELE-04-33).Virginia is very much encouraged by the persistency of high grades and by the development of additional mineralized lenses at depth in the Roberto zone. Note that the intersection of hole ELE-04-27 (10.87 g/t Au / 5.1 m) on line 29+75 is diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. by approximately 60% of barren bar·ren adj. 1. Not producing offspring. 2. Incapable of producing offspring. barren see infertility. barren adjective Gynecology Infertile, sterile, fruitless, inconceivable pegmatite pegmatite: see granite. pegmatite Almost any wholly crystalline igneous rock that is at least in part very coarse-grained, the major constituents of which include minerals typically found in ordinary igneous rocks (such as granites) and in which injections and that the Roberto zone is completely dyked out by pegmatites in hole ELE-04-29 (29+25N). Five (5) holes were drilled to complete the drilling pattern in the upper portion of the Roberto zone.Each of these hole has intersected the mineralized zone with high grade intersections, including 12.69 g/t Au over 19.0 m (ELE-04-30); 10.34 g/t Au over 12.55 m (ELE-04-36); 10.68 g/t Au over 7.0 m (ELE-04-37); 11.01 g/t Au over 6.0 m (ELE-04-38) and 110.29 g/t Au over 3.0 m (open) (ELE-04-39). The drill program consistantly keeps yielding very promising results on the Roberto zone, which has been followed over a lateral distance of 250 m and at a depth of 230 m.The zone remains open laterally and at depth. Drilling results obtained to date are reported in the annexed table and analysis results of holes ELE-04-35 and 40 are still to come. ROBERTO EAST ZONE Two holes testing the south portion of the Roberto East zone on section 29+25 N, have yielded very encouraging results, returning intersections of 11.50 g/t Au over 7.0 m in hole ELE-04-30 and 4.98 g/t Au over 3.75 m (HW) as well as 6.54 g/t Au over 5.5 m (FW) in hole ELE-04-29 (see longitudinal). These intersections, located at a vertical depth of 45 to 80 m, suggest a good continuity of the mineralized zone between the surface and the intersection grading 7.58 g/t Au over 6.0 m in hole ELE-04-15 at a vertical depth of 200 m. The Roberto East zone remains open laterally and at depth. The new holes have also proved the vertical continuity of the Roberto Est zone in its north part to a depth of more than 125 m. Drilling results in this area include intersections of 17.01 g/t Au over 3.2 m in hole ELE-04-31, 6.0 g/t Au over 5.0 m (HW) and 4.12 g/t Au over 6.0 m (FW) in hole ELE-04-32, as well as 12.09 g/t Au over 2.4 m in hole ELE-04-24. Furthermore, holes testing the upper portion of Roberto have also traversed shallow intersections in the Roberto Est zone including 6.94 g/t Au over 18.0 m (FW) (ELE-04-39), 14.51 g/t Au over 3.0 m (HW) and 5.58 g/t Au over 3.0 m (FW) (ELE-04-38), 4.05 g/t Au over 17.0 m (FW) (ELE-04-37) as well as 6.03 g/t Au over 3.5 m (FW) (open) (ELE-04-36). The zone remains open in all directions. VEINE ZONE The Veine zone, which had graded 121.92 g/t Au over 1.0 m in hole ELE-04-23 was intersected by three other holes. Hole ELE-04-34 has intersected (about 20 m under the intersection of hole 23) a similar zone that has graded 34.66 g/t Au over 6.60 m.Holes ELE-04-25 and 33 located 25 m further to the north have also crosscut the mineralized zone with intersections of 70.14 g/t Au over 1.8 m and 24.48 g/t Au over 2.0 m respectively. The Veine zone is a very high grade, auriferous au·rif·er·ous adj. Containing gold; gold-bearing. [From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer. structure of submetric to metric thickness, ENE oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. and strongly dipping towards the NW. The zone remains open in all directions. Drilling has now defined a very prolific gold system over a distance of approximately 300 m and to a depth of more than 225 m. The system comprises two main zones (Roberto and Roberto Est) and some satellite zones and it remains open in all directions. Virginia is very much encouraged by these results and will pursue its work in order to increase the resources of the Roberto and Roberto Est zones and to discover new auriferous zone on the property. Work is carried out by the personnel of Services Techniques Geonordic Inc., under the supervision of Geological Engineer, Paul Archer. He is a qualified person (as defined by National Instrument 43-101) and has more than 20 years of experience in exploration. In 2004 Virginia has set up an Analytical Quality Assurance Program to control and assure the analytical quality of assays in its gold exploration. This program includes the systematic addition of blank samples and certified See certification. standards to each batch samples sent for analysis at commercial laboratories. Blank samples are used to check for possible contamination in laboratories while certified standards determine the analytical accuracy and precision. Samples are sent for assaying to Laboratoire Expert Inc. in Rouyn-Noranda. Samples are assayed by fire-assay followed by atomic absorption or gravimetry gra·vim·e·ter n. 1. An instrument used to measure specific gravity. 2. An instrument used to measure variations in a gravitational field. according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry standards. Repeats are carried out on mineralized intersections of interest and on the majority of the samples containing 1 g/t Au or more.Every significant intersection have also been re-assayed at 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 Inc. Laboratory of Rouyn-Noranda and reported values represent the calculated average of both laboratories. Note that no significant discrepancy DISCREPANCY. A difference between one thing and another, between one writing and another; a variance. (q.v.) 2. Discrepancies are material and immaterial. has been observed between the two laboratories. Virginia Gold Mines Inc. is among the most active mining exploration companies in Quebec with a working capital of over $16 million, debt free, and with approximately 37 million shares issued and outstanding. Virginia's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension ) under the symbol VIA. Virginia concentrates its activities on its numerous properties that are spread over the vast unexplored regions of northern Quebec. Tables of drilling results are available on CCNMatthews' website at the following address: http://www2.ccnmatthews.com/database/fax/2000/tabeng.pdf Maps related to the Eleonore Project are available on CCNMatthews' website at the following addresses: http://www2.ccnmatthews.com/database/fax/2000/ele1.JPG See JPEG. jpg - JPEG http://www2.ccnmatthews.com/database/fax/2000/ele2.JPG VIRGINIA GOLD MINES INC. (TSX:VIA) |
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