Dawson Gold Announces Results of 2010 Exploration Program
18 December 2010 - 3:13AM
Marketwired Canada
Dawson Gold Corp (TSX VENTURE:DYU) ("Dawson Gold") announces the results of
exploration work completed during the 2010 work summer/fall program at the Toro
Property in the Dawson Range of the White Gold District, central Yukon
Territory.
Exploration drilling returned anomalous gold results in seven (7) of eight (8)
drill holes with discrete intervals of up to 1m of 2.28 g/t Au and wide
intervals of mineralization of up to 91.5m of 0.33 g/t Au. Gold mineralization
was confirmed on the historic Main Zone and also in association with previously
undrilled soil anomalies on the Ridge Zone. Company management is in the process
of evaluating these results and is considering conducting further detailed gold
analyses including metallic screening to more accurately constrain the reported
gold values.
"These drill results, in particular from the Ridge Zone, demonstrate the
relationship between gold-in-soil anomalies and gold in the drill core. The
hydrothermal breccias drilled at the Ridge Zone have a similar style of
mineralization to known "White Gold District" deposits and will be the focus of
the 2011 Toro Project exploration," commented CEO, Paul D. Gray.
Highlights of work completed in 2010:
-- Seven (7) of Eight (8) diamond drill holes return anomalous gold values
-- 1,516 metres of drilling and 1,033 core samples
-- Over 22 line kilometres of deep penetration Induced Polarity ("IP")
geophysical surveys (covering approx.4.5 km(2)) over three (3) distinct
grids
-- Seven (7) soil zones covered by six (6) grids and two (2) contour soil
lines of geochemical soil grid surveys (total 549 samples) expanding on
and infilling between historic geochemical data
-- Property wide prospecting, mapping and stream silt sampling - 40 rock
and seven (7) stream sediment samples
Diamond drilling commenced in late August and terminated in early October when
weather conditions rendered impractical any further work. Five (5) holes
targeted two of the three historic gold-in-soil anomalies outlined by
geochemical surveys at the Ridge Zone in 1985. A third historical anomaly
(anomaly "A" with gold-in-soil values up to 1,080ppb Au) remains untested. Three
(3) holes intersected Coffee Creek phase granites and returned narrow zones of
mineralization associated with mm-scale quartz-sulphide veinlets and associated
silicification. The highest grade gold occurrence from these holes was 1.15m of
1.95 g/t Au found in close spatial relationship to a breccia zone in hole
TT-101.
The two (2) additional holes collared in the Ridge Zone encountered granite
intruded by long intervals of a newly identified polymictic hydrothermal breccia
hosting well developed sulphide mineralization including pyrite, arsenopyrite,
sphaelerite and galena. Au-grades intercepts within these holes include TT-104
91.5 m of 0.33 g/t Au in TT-104 and 16.9m of 0.35 g/t Au in TT-103.
A single diamond drill hole was collared to test the strong chargeability
anomaly identified by the first completed 2010 IP survey grid. This hole
encountered a relatively unaltered, K-felspar rich granitoid of the Dawson Range
Batholith. The source of the IP anomaly was not identified and remains an area
of area of interest.
The final two (2) drillholes of the program were designed to extend known gold
mineralization within the historic Main Zone. Both holes encountered narrow
zones of gold mineralization with values up to 1.49 g/t Au over 1 meter. Hole
TT-108 ended prematurely above the expected high-grade zone target due to
weather issues.
2010 Diamond Drilling Summary Table
---------------------------------------------------------------------------
TT-101
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
23.6 25.9 2.3 1.39 1.39
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-102
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
146.5 148.4 1.9 0.408 0.582
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-103
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
147.5 149 1.5 1.41 1.42
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-104
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
73 164.5 91.5 0.316 0.330
---------------------------------------------------------------------------
Including
---------------------------------------------------------------------------
73 92.5 19.5 0.432 0.433
---------------------------------------------------------------------------
137 149.5 12.5 0.553 0.677
---------------------------------------------------------------------------
137 138.5 1.5 1.13 2.54
---------------------------------------------------------------------------
147.6 149.7 2.1 1.64 1.41
---------------------------------------------------------------------------
148.7 149.7 1 2.73 2.28
---------------------------------------------------------------------------
137 164.5 27.5 0.427 0.476
---------------------------------------------------------------------------
160.5 162 1.5 1.26 1.17
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-105
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
111.2 112.1 0.9 0.927 0.813
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-106 - No significant results
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-107
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
164.6 166.1 1.5 0.960 0.896
---------------------------------------------------------------------------
---------------------------------------------------------------------------
TT-108
---------------------------------------------------------------------------
From To Width g/t Au (ICP) g/t (Fire)
---------------------------------------------------------------------------
79.2 93 13.8 0.453 0.442
---------------------------------------------------------------------------
including
---------------------------------------------------------------------------
79.2 82.3 3.1 1.02 1.02
---------------------------------------------------------------------------
Including
---------------------------------------------------------------------------
79.2 80.8 1.6 1.47 1.49
---------------------------------------------------------------------------
Geophysical Survey Results
Over 22 line-km of deep penetration Induced Polarity ("IP") geophysical surveys
were undertaken in three (3) distinct grids on the Toro Property in 2010. The
targets were selected due to coincident structures, positive potassic alteration
signatures shown by airborne radiometrics flown in 2009, and the occurrence of
host rocks deemed favourable to host Cu-porphyry mineralization (ca. 76 Ma Tad
Porphyry).
A well defined N-S trending anomaly was identified in Grid 1. This zone displays
a high chargeability contrast with coincident resistivity low and appears in
section as an approximately tubular body over 150m in diameter and running the
full length of the survey lines (greater than 1.6km). This body was tested with
a single hole during the 2010 field season and remains a high-priority target in
the upcoming season. A second anomaly to the north of the Main Zone displays a
broad zone of elevated chargeability suggesting the potential for significant
sulphide mineralization in this area. A third anomaly to the north of the Main
Zone has outlined a well-constrained E-W trending chargeability anomaly.
Geochemical Survey Results
549 soil samples were taken on seven (7) targets. Two (2) targets returned
anomalous results; a tight clustering of anomalous gold-in-soil values were
identified covering an area approximately 300 m wide and 150 m long which
remains open to the north, east and west. The second target returned values up
to 540 ppb gold in soil and has outlined a very strong geochemical anomaly that
measures approximately 550 m by 400 m. Well developed gold anomalies continue to
the E, N and W of the sampling area. These new soil grid anomalies, as well as,
the historic Ridge Zone anomalies will be expanded upon and drill tested in
2011.
All core and soil samples were processed and analyzed by Acme Analytical Labs of
Vancouver, B.C. an ISO 9001 certified laboratory. The samples were all analyzed
by ACME ICP-MS package 1DX15. In addition, a 30 gram Fire Assay for Gold ACME
package 3B was run on each of the soil and core samples from the 2010 program.
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.
Additionally, Dawson Gold reports that following due diligence, the Company has
elected not to proceed with a definitive agreement with respect to the Orofino
property of Yale Resources. See News Release dated November 17, 2010.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul D. Gray, P.Geo. CEO
DAWSON GOLD CORP.
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