Appleton Intersects 61 Metres of 1.45 g/t Au at Manalo
15 Julho 2010 - 10:53AM
Marketwired Canada
Appleton Exploration Inc. (TSX VENTURE:AEX) is pleased to announce results from
a further thirteen reverse circulation (RC) holes focused on the southern
segment of the Dialafara Prospect on the Manalo Gold Project, Mali, West Africa.
These new results, in conjunction with previous drilling to date, now define a
minimum 450 metre strikelength trend of encouraging gold mineralization. The
latest results include: 61 metres of 1.45 grams per tonne (g/t) Au, 27 metres of
1.50 g/t Au and 3 metres of 26.88 g/t Au.
Table 1 - New Highlights from Dialafara Southern Segment
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Hole Number Zone From (m) To (m) Length (m) g/t Au
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MDL-10-088 Dialafara South 0 12 12 0.32
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Dialafara South 93 120 27 1.50
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MDL-10-089 Dialafara South 0 9 9 0.35
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and 64 77 13 0.97
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and 86 102 16 0.29
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MDL-10-091 Dialafara South 0 8 8 2.97
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MDL-10-093 Dialafara South 78 81 3 2.24
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and 99 101 2 2.22
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MDL-10-096 Dialafara South 96 120 24 0.22
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MDL-10-097 Dialafara South 50 67 17 0.60
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and 94 97 3 26.88
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including 94 95 1 78.00
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MDL-10-098 Dialafara South 95 108 13 0.30
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MDL-10-099 Dialafara South 24 85 61 1.45
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Note: All assays presented above are screen metallic assays
Drill results last reported on June 15, 2010 focused on testing the
northwesternmost 250 metre strikelength of the Dialafara Southern Segment. The
drill results reported in this release with holes MDL-10-087 through MDL-10-099
tested a 700 metre strikelength of the Dialafara Southern Segment, overlapping
150 metres with the previous reporting. These new results, in conjunction with
previous drilling to date, now show good signs of lateral and downdip continuity
to gold mineralization along a minimum 450 metre strikelength. Other drilling
previously reported along this 450 metre strikelength include hole MDL-10-086
with 61 metres of 1.62 g/t Au hole and hole MDL-09-54 with 18 metres of 3.32 g/t
Au.
The drill results above are part of the 4,300 metre, 37 hole RC drill program
and 3,771 metre, 67 hole AC drill program conducted during March and April 2010.
Maps showing drill collar locations and tables of metre by metre results for
each of the intervals tabled in this news release are available on the Manalo
Current Exploration Page on the Company's website: www.appletonexploration.com.
There are still 10 holes pending results from this campaign, all on the
Dialafara Southern Segment.
The Company also wishes to announce that it has completed 39 aircore holes
totaling 2,586 metres on its Sirabada target and 52 aircore holes totaling 1,784
metres on its Mansaya target, both of which are part of the Manalo Project.
Results are pending from this program.
Appleton is earning a 100% interest from Delta Exploration Inc., a wholly-owned
subsidiary of Rockgate Capital Corp.
Quality Control and Assurance
All samples were initially analyzed by 50 gram fire assay. Samples in high
quartz intervals or those returning anomalous (greater than 0.10 g/t Au) gold
values were analyzed by screen metallic assay method, in order to identify the
presence and significance of coarse gold in samples. All intercepts presented in
this news release are screen metallic assay. 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. 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. Both Chris Wild,
P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for
the drilling campaign.
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, exploration programs, 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.
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