Appleton Exploration Inc. (TSX VENTURE: AEX) is pleased to announce
that drilling in the area of high grade gold mineralization in the
Dialafara southern segment has discovered a zone of continuous gold
mineralization with drill hole MDL09-073 intersecting 25 metres of
6.27 grams per metric tonne (g/t) gold at a vertical depth of 88
metres. Check screen metallic assays of the same interval returned
25 metres of 4.56 g/t Au.
MDL09-073 was drilled on the same drill section line below three
other holes. MDL07-001 and MDL07-002, drilled in 2007, returned
9.57 g/t Au across 9.0 metres and 29.07 g/t Au across 6.0 metres,
respectively, and MDL09-072 returned 0.44 g/t Au across 13 metres.
The four intercepts align and form a moderately dipping zone of
continuous gold mineralization. The drill results suggest the gold
zone is thickening with depth. Link to a cross-section on our
website with:
http://www.appletonexploration.com/index.php/projects/manalo/113.html
Drill Section Highlights
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Fire Check Screen
From To Length Assays Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL09-073 68 82 14 0.81 2.06
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96 121 25 6.27 4.56
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MDL09-072 60 73 13 0.06 0.44
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MDL07-001(i) 71 80 9 9.57 NA
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MDL07-002(i) 87 93 6 29.07 NA
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(i) Historic data; NA = Not available
It should be noted that hole MDL07-002 stopped in mineralization
due to technical problems so does not represent a complete pass
through the zone. The surface projection of the zone corresponds to
an area of artisanal workings where multiple sub parallel veins
have been shallowly mined within a 35 metre wide northeast
trend.
Hole MDL09-073 also contains a 14 metre wide gold intercept,
which is interpreted to be the start of an additional sub parallel
zone on this section.
Appleton's president Tim Henneberry stated, "Appleton management
is very pleased with the drill results from our Manalo Gold
Project. We are now seeing continuity in an impressive gold zone,
thickening with depth. This success is the key to building
resources and ounces of gold on the property. Furthermore, the
medium and high grade intervals dispersed through the many large
lower grade intervals on the Manalo property are common to mines in
this region."
The drill results above are part of the 1,806 metre, 15 hole
reverse circulation drill program conducted in Fall 2009 focused on
the Dialafara target, Manalo Gold Project, Republic of Mali, West
Africa where Appleton is earning a 100% interest from Delta
Exploration Inc., a wholly-owned subsidiary of Rockgate Capital
Corp.
Highlights for the Fall 2009 program include:
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Fire Check Screen
From To Length Assays Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL-09-059 24 27 3 0.07 0.51
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82 87 5 0.05 0.54
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116 131 15 0.17 0.47(i)
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MDL-09-060 44 51 7 0.10 0.48
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MDL-09-061 23 28 5 0.11 0.53
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38 47 9 0.52 0.77(i)
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MDL-09-062 39 48 9 1.35 1.03
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MDL-09-065 67 74 7 34.97 9.95
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including 69 70 1 190.00(ii) 26.51
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MDL-09-066 36 40 4 0.50 0.45
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MDL-09-067 25 38 13 0.15 0.52
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MDL-09-068 18 19 1 3.28 3.44
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47 48 1 0.48 0.54
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54 58 4 0.46 0.65
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86 112 26 0.53 0.51
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MDL-09-072 60 73 13 0.06 0.44
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102 104 2 3.63 2.84
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MDL-09-073 68 81 14 0.81 2.06
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96 121 25 6.27 4.56
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including 96 111 15 8.57 5.71
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including 104 105 1 99.30(iii) 28.38
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including 116 121 5 5.35 5.27
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(i) intercept correlated to high grade intercept in MDL09-056 reported in
NR 09-11 August 11, 2009
(ii) two fire re-assays of this sample both returned greater than 100 g/t
Au
(iii) two fire re-assays of this sample returned 32.6 and 35.9 g/t Au
Note: Compositing used 0.3 g/t Au cut-off and less than 3m internal
dilution
Drill collar location maps and two cross-sections, all with
preliminary zone interpretations, are posted on the Company's
website using the following link -
http://www.appletonexploration.com/index.php/projects/manalo/113.html.
Within the Dialafara northern segment, drill holes MDL09-059,
MDL09-061 and MDL09-063 were focused around the high grade
intercept in MDL09-056. The drilling helped extend the zone
laterally and vertically albeit with low grade values. Holes
MDL09-060, MDL09-062 and MDL09-067 were drilled to help define sub
parallel gold zones adjacent to the two intercepts in MDL08-036.
Multiple sub parallel gold-bearing zones are apparent across a 55
metre wide northwest trend in this area. Holes MDL09-064 through
MDL09-066 were drilled under the centre of a 200 metre long
northwest trending zone of artisanal workings. Hole MDL09-065
returned a grade of 34.97 g/t Au across 7 metres at a vertical
depth of 65 metres. Check screen metallic assays of this same
interval returned 7 metres of 9.95 g/t Au. The mineralized trend
has been intercepted to date in 6 holes over a strike length of 175
metres with the best intercept from MDL09-065. MDL09-065 is the
southernmost hole of these 6 holes.
Within the Dialafara southern segment, drilling was conducted in
three areas of artisanal workings along a strike length of 700
metres. The multiple veins at these sites demonstrate blow-out
clusters of northeast trending gold-bearing veins linked by a
northwest trending dominant mineralized structure. MDL09-068
explored one area under a series of northeast trending sub parallel
veins that have been shallowly mined at surface across a 67 metre
wide trend and returned a drill intercept of 26 metres of 0.53 g/t
Au. Hole MDL09-069 was drilled below the 18 metres of 3.36 g/t Au
intersected in MDL09-054 corresponding to the dominant mineralized
structure in that area. Holes MDL09-070 through MDL09-073 were
drilled under artisanal workings covering a 130 metre by 90 metre
area dominated by a series of northeast trending shallowly mined
veins where the continuous gold zone has been discovered.
Quality Control and Assurance
The widths and grades reported are drill intercept widths and
may not represent the true width of mineralization. Individual gold
assays have not been cut but high grade samples have been
separately reported in the table above. Samples are reverse
circulation cuttings collected using a cyclone in 1 metre intervals
that are riffle split at the drill site. Samples are assayed by
fire assay (50 gram charge). Zones of quartz veining and limonite
were submitted for check assays by the screen metallic method in
order identify the presence and significance of coarse gold in
samples. The primary laboratory is ALS Chemex in Bamako, an ISO
17025 certified laboratory. Standard, blank and duplicate samples
were inserted throughout the sample sequence as quality control
checks. The two highest fire assay values of 99.30 g/t Au and 190
g/t Au showed good reproducibility from their 2 subsequent fire
assay checks. Both Chris Wild, P.Eng. and Paul Cowley, P.Geo.,
director of Appleton, are qualified persons for the drilling
campaign.
Screen Metallic Comparisons
Screen metallic assaying of lower and intermediate grade fire
assayed samples showed similar to better values than original fire
assay values. Frequently, screen metallic assaying identified new
low grade zones undetected by original fire assaying. The two
original highest grade fire assay samples between 99.30 g/t Au and
190 g/t Au returned 28.38 g/t Au and 26.51 g/t Au, respectively, by
screen metallic assay methods, demonstrating the local affects of
coarse nuggety gold on the property.
The Company has begun preparation for a follow up drill program
expected to commence before the end of March.
About Mali
Mali is the fastest growing gold producing country in Africa.
Production in 2007 amounted to 2 million ounces of gold making Mali
Africa's third-largest gold producer after South Africa and Ghana.
AngloGold Ashanti Limited, one of the largest gold mining companies
in the world, has interests in three operating mines in Mali:
Sadiola, Yatela and Morila.
On Behalf of the Board of Directors,
R.Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is
the Qualified Person as defined in National Instrument 43-101, who
has reviewed and approved the technical content of this news
release.
Forward-Looking Statements
This press release contains forward-looking statements. All
statements, other than statements of historical fact, constitute
"forward-looking statements" and include any information that
addresses activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
including the Company's strategy, plans or future financial or
operating performance and other statements that express
management's expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use
of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. All such forward-looking information and
statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however,
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed, implied by or projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects,
risks related to international operations, the actual results of
current exploration activities, conclusions of economic
evaluations, changes in project parameters as plans continue to be
refined, future prices of gold, as well as those factors discussed
in the sections relating to risk factors of the Company set out in
the Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, the reader should not place any undue reliance on
forward-looking information or statements. Except as required by
law, the Company does not intend to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Contacts: Appleton Exploration Inc. Tim Henneberry 604.694.0741
www.appletonexploration.com Contact Financial Corp. Investor
Relations 604.689.7422 Toll Free 1.877.689.7411
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