Lund Gold Ltd.: Initial Drilling Provides Encouraging Results at Carneirinho
29 Novembro 2007 - 6:56PM
Marketwired
VANCOUVER, BRITISH COLUMBIA -
- 4.46 g/t gold over 3.7 metres in CRN001
- 4.80 g/t gold over 3.1 metres in CRN007
- 30.00 g/t gold over 2.0 metres in CRN007
Lund Gold Ltd. is pleased to announce encouraging results from
its initial drilling evaluation of one of six targets established
to date at the Carneirinho Gold Project in Brazil. Seven diamond
drill holes totaling 1,155 metres were completed during Lund's
Phase II program July through September. All of the drilling was
within Anomaly A, a 175-metre by 600-metre gold-in-soil geochemical
anomaly identified during Lund's Phase I program. Lund holds an
option to acquire a 100% interest in the Carneirinho Project.
Drill results of most significance are outlined in the following
table:
---------------------------------------------------------------------
From To Interval Gold
Hole # (m) (m) (m) (g/t)
---------------------------------------------------------------------
CRN001 13.5 20.5 7.0 1.36
Including 19.8 20.5 0.7 5.99
28.5 32.2 3.7 4.46
Including 29.9 30.5 0.6 20.76
74.8 75.5 0.8 9.10
---------------------------------------------------------------------
CRN003 148.7 153.9 5.2 1.10
Including 150.7 150.9 0.2 14.36
162.4 163.7 1.3 2.10
177.0 178.0 1.0 1.70
---------------------------------------------------------------------
CRN007 0 35.2 35.2 0.53
Including 12.2 15.3 3.1 4.80
107.0 107.5 0.5 10.67
156.0 158.0 2.0 30.00
---------------------------------------------------------------------
Drill holes CRN002, 004, 005 and 006 did not intersect any
significant results. Drill holes CRN004 and 006 encountered deeper
than anticipated Saprolite and may not have adequately tested the
target. A drill plan of the Anomaly A zone, and of the overall
project with its additional untested zones, is available on our
website www.lundgold.com.
There are extensive former and current garimpeiro workings
within the Carneirinho Project from which historical production of
approximately 3 tonnes of gold has been reported. Lund's drilling
success within Anomaly A, on-trend and proximal to some of these
garimpeiro workings, encountered gold within pyritic and
hydrothermally altered granitic units.
Analysis was carried out by SGS Geosol Laboratories (Lakefield)
at their Belo Horizonte ISO9001 certified facility. A number of
check analyses are presently under way in accordance with our QA/QC
protocols.
The 2007 exploration program is under the direction of Dean
Besserer, P.Geol., of APEX Geoscience Ltd., Edmonton, Alberta. Mr.
Besserer is a qualified person as defined in National Instrument
43-101; the technical information in this release has been reviewed
and approved by him.
Our technical advisors are currently compiling all results from
the 2006 and 2007 programs and preparing recommendations for
additional phases of work planned for 2008. As described in our
news release of December 4, 2006, a total of six spatially separate
gold anomalies have been identified outside of the current
garimpeiro workings. The 2007 Phase II program comprised drill
testing of only one of these zones, leaving several large gold
anomalies yet to be followed up. We anticipate testing two or more
new zones in 2008, and will provide details when our 2008 programs
and budgets are established.
To find out more about Lund Gold Ltd. (TSX VENTURE: LGD), visit
our website at www.lundgold.com.
On behalf of the Board of Directors of LUND GOLD LTD.
Chet Idziszek, President
Cautionary Statement
This document contains "forward-looking statements" within the
meaning of applicable Canadian securities regulations. All
statements other than statements of historical fact herein,
including, without limitation, statements regarding exploration
results and plans, and our other future plans and objectives, are
forward-looking statements that involve various risks and
uncertainties. Such forward-looking statements include, without
limitation, estimates of exploration investment and the scope of
exploration programs. There can be no assurance that such
statements will prove to be accurate, and future events and actual
results could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from our expectations are disclosed in the
Company's documents filed from time to time via SEDAR with the
Canadian regulatory agencies to whose policies we are bound.
Forward-looking statements are based on the estimates and opinions
of management on the date the statements are made, and we do not
undertake any obligation to update forward-looking statements
should conditions or our estimates or opinions change.
Forward-looking statements are subject to risks, uncertainties and
other factors, including risks associated with mineral exploration,
price volatility in the mineral commodities we seek, and
operational and political risks.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
Contacts: Lund Gold Ltd. David Scott Investor Relations (604)
331-8772 (604) 331-8773 (FAX) Email: dscott@mine-tech.com Website:
www.lundgold.com
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