Dawson Gold Expands Toro Gold Project With Additional Claim Staking
04 Março 2011 - 10:40AM
Marketwired
Dawson Gold Corp. (TSX VENTURE: DYU) ("Dawson Gold") announces the
completion of its winter staking program in the Yukon Territory. A
total of 488 quartz mining claims (approx. 9,900 hectares) of
prospective gold exploration ground were staked, expanding the Toro
Project and targeting two new properties (the Nansen Ace and
King-Kong Projects) during the February 2011 staking program.
The Toro Gold Project in the White Gold District was expanded by
32 claims based on positive gold-in-soils geochemical results from
the Company's 2010 soil sampling program at the Ridge Zone. The new
claims are at the western edge of the property and lie along strike
with the two strongly anomalous goldzones outlined in Zones 6 and 4
(See Company news release dated January 26, 2011).
The Nansen Ace Claims have been staked in the Mt. Nansen
District, for a total of 228 claims constituting more than 4,500
hectares. The Nansen Ace Property lies approximately 60 km south of
the Toro Project and was staked to cover prospective gold
exploration ground along structural strike and 7.5 km to the
northeast of the former Mt. Nansen Mine which hosted historical
resources(i) of 254,251 tonnes grading over 12.5 g/t Au and 270 g/t
Ag.
(i) NB. The Mt. Nansen property does not lie within the Nansen
Ace property boundaries, but is presented to illustrate reported
the mineralization within the Mt. Nansen District. This style,
grade and type of mineralization however is not necessarily
indicative of mineralization on the Company's property. All above
information obtained from the Yukon Mineral Property Update (2008)
and the Company has not independently verified the information
presented above.
The King-Kong Project has two distinct claim blocks totalling
228 claims in the Mt Skukum/Wheaton River area. The King claims
(King Project) comprise 104 claims totalling 2,268 hectares and
include prospective mineralized vein systems which have been
previously assayed at 62.1 g/t Au (Source: Yukon MINFILE#105D 173).
The King Project lies along the western flank of the Bennett Lake
Volcanic complex, a huge Eocene caldera structure formed at the
margin of the Coast Plutonic Complex. The Kong claims (Kong
Project) consist of 124 full and partial Quartz Mining claims
covering 2,470 hectares immediately south of the Tagish Lake Gold
property of New Pacific Metals Corp. which hosts a measured and
indicated resource(i) of greater than 1.5 million tonnes averaging
7.8 g/t Au and 130 g/t Ag. A float sample which assayed over 5% Cu
and a 1km by 800 m gold-in-soils geochemical anomaly were
identified on the property in the late 1980s by workers for Skukum
Gold Inc. Additionally, high-grade gold in quartz has been reported
from the area now covered by the Kong Project (Source: Yukon
MINFILE#105D 190). The soil anomaly has not received any follow-up
attention and remains open in all directions. Neither the King, nor
the Kong Property have previously been drilled.
(i) NB. The Tagish Lake Gold property does not lie within the
King Property boundaries, but is presented to illustrate reported
the mineralization within the Skukum District. This style, grade
and type of mineralization may not necessarily be indicative of
mineralization on the Property. All above information obtained from
the New Pacific Metals Corp. publically available information and
the Company has not independently verified the information
presented above.
Dawson intends to conduct detailed exploration programs on these
newly acquired targets, in addition to further exploration at the
Toro Project, beginning in the spring of 2011.
Paul. D. Gray, Dawson Gold CEO, commented: "The 2010 Toro
Project soil geochemical programs outlined areas of high-priority
gold anomalies which will be the primary focus of the 2011
exploration season. To capitalize on the identification of these
targets, the Toro Extension staking was conducted ensuring more
complete coverage of these anomalies on strike extension.
Additionally, the Company has expanded its presence in the
Territory by acquiring a swath of highly prospective gold
exploration ground in the Mt. Nansen area. These newly acquired
targets will be the subject of 2011 mineral exploration work
supported by the Toro Project exploration team and camp and
highlight the Company's commitment to expanding its presence as a
leader in exploration in the quickly developing Yukon gold
story."
The 2010 Toro Project work program was conducted under the
supervision of Dawson Gold President Michael Collins, P.Geo, a
qualified person under NI 43-101, who has read and approved the
content of this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D.Gray, P.Geo., CEO
DAWSON GOLD CORP.
FORWARD LOOKING INFORMATION DISCLAIMER
Certain of the statements made and information contained herein
is "forward-looking information" within the meaning of anomalies,
deposits, continuity, historic results and the execution of drill
programs. Each of these activities involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking information.
Accordingly, readers are advised not to place undue reliance on
forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information, whether as a
result of new information, future events or otherwise. The
potential for the Company to replicate historical resource
estimates or grades, or for new data to expand tonnage or grade, is
conceptual and is based on historical reports which have not been
verified by a qualified person. There is a risk that current
exploration and test work will not result in the delineation of NI
43-101 compliant resource estimates or verify historically reported
grades.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Dawson Gold Corp. Mark Komonoski Toll-Free:
1-877-255-8483 or Direct: 403-470-8384 info@dawsongold.com
www.Dawsongold.com
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