GFN Announces the Completion of Phase 3 Drill Program at the Golden Rose
20 May 2011 - 2:41AM
Marketwired
Gold Finder Explorations Ltd. ("Gold Finder") (TSX VENTURE: GFN)
announced today that it has completed its Phase 3 diamond drill
program on the Golden Rose Property located 65 km northeast of
Sudbury, Ontario.
Two diamond drill holes totalling 625 m have been completed
testing a chargeability anomaly identified from a down hole induced
polarization survey completed late last year by JVX Ltd.
Diamond drill hole GR11-43 is located 25 m south of GR10-42. It
was drilled at an azimuth of 180 degrees and dip of -50 degrees.
Diamond drill hole GR11-44 is located 20 m east of GR10-42 and was
drilled at an azimuth of 180 degrees and dip of -50 degrees.
GR10-42 was previously drilled at an azimuth of 180 degrees and dip
of -50 degrees.
Results will be made available once they have been received and
approved by GFN's technical staff.
Gold Finder is also pleased to announce that is has acquired
through staking an additional strategic claim block consisting of
48 Ha. This claim block covers part of a separate iron formation
that is exposed at surface and strikes onto the claims currently
held by Gold Finder. A compilation completed earlier by Gold Finder
turned up a historical induced polarization survey that identified
a strong chargeability and resistivity anomaly thought to represent
sulphide mineralization associated with the iron formation. This
high priority target is in a new area and does not appear to have
been previously drill tested. Field programs are planned to
commence immediately to prepare the target for a winter drill
program in early 2012 as winter conditions help to access the
target.
Joerg Kleinboeck, V.P. Exploration for Gold Finder Explorations,
is the designated qualified person responsible for the preparation
of this news release. The program will be supervised by Joerg
Kleinboeck, who is V.P. Exploration for Gold Finder, and the
designated qualified person responsible for the preparation of this
news release.
This press release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Security
Exchange Act of 1934, and involves a number of risks and
uncertainties. Important factors that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX
Venture Exchange and the British Columbia Securities Commission.
All statements, other than of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Contacts: Gold Finder Explorations Ltd. David Greenway CEO,
Director 604-689-0896 or Toll Free: 1-800-663-4567 dg@advance1.ca
www.goldfinder.ca
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