Grayd Resource Corporation (TSX VENTURE:GYD) today reported that all assay
results from 2009 drilling in the Main Zone have now been received. Results have
extended the boundaries to mineralization in the south part of the zone and
outlined several areas with higher grades than previously interpreted.
Highlights not reported previously include:


- RC-09-508 - 62.5 m grading 1.97 g/t Au; including 16.8 m grading 4.15 g/t Au

- DDH-09-71 - 73.0 m grading 1.30 g/t Au; including 22.5 m grading 3.27 g/t Au

- DDH-09-67 - 71.0 m grading 1.09 g/t Au; including 6.0 m grading 6.08 g/t Au

- DDH-09-93 - 60.4 m grading 1.53 g/t Au; including 28.6 m grading 2.09 g/t Au

A total of 6,000 metres were drilled in 59 reverse circulation (RC) and 37
diamond drill holes (DDH) in the period from September through December 2009
within and immediately adjacent to the two zones included in the February 2009
resource calculation. Holes were drilled to better define known higher grade
structures and to test for other higher grade areas within the area of the
current resource, as well as to test potential extensions to the resource. Of
this drilling, 3,600 metres in 27 reverse circulation and 29 diamond drill holes
were drilled in the Main Zone.


Marc Prefontaine, President and CEO of Grayd, stated: "We are very pleased with
the results from 2009 drilling in the Main Zone. We have verified the geological
model for the resource, extended mineralization and outlined a number of areas
with higher grades than previously interpreted."


A new geological model is being constructed based on all drilling to date.
Assays are expected shortly for drill holes designed to extend the North Zone.
Once the new model in complete and all assays are received, a new resource will
be calculated. It is anticipated that the new resource will be completed in the
first quarter of 2010.


Two drills are currently working to define the recently discovered La India Zone
(see news release dated November 12, 2009), and to test two large targets that
have never been drilled before. The objective for the first quarter of this year
is to drill several other high priority exploration targets in the 260 square
kilometre project area.


A table describing the holes included in this release is given below. A complete
list of all drill results is provided on the company's website at www.grayd.com.
A drill hole location map is provided below and is also posted on the company's
website.


To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/GYD0119.pdf




--------------------------------------------------------------------------
                          Depth                  From     To  Width     Au
Hole            E       N    (m)   Az      Dip     (m)    (m)    (m)  (g/t)
--------------------------------------------------------------------------
DDH-09-67  706850 3176565  71.7   321      -51      0     71     71   1.09
--------------------------------------------------------------------------
                                     including      0      6      6   6.08
--------------------------------------------------------------------------
DDH-09-71  706891 3176518  90.4   319      -60    0.4   73.4     73   1.30
--------------------------------------------------------------------------
                                     including   50.5     73   22.5   3.27
--------------------------------------------------------------------------
DDH-09-93  707341 3175552    66   316      -60    0.4   60.8   60.4   1.53
--------------------------------------------------------------------------
                                     including    8.0   36.6   28.6   2.09
--------------------------------------------------------------------------
RC-09-508  707085 3176041 71.63   090      -50      0   62.5   62.5   1.97
--------------------------------------------------------------------------
                                     including   38.1   54.9   16.8   4.15
--------------------------------------------------------------------------



The La India gold project is located in the prolific Mulatos gold belt of
Mexico's Sonora state. The project has a NI43-101 compliant gold resource of
559,000 ounces grading 1.01 g/t in the indicated category and 318,000 ounces
grading 1.05 g/t in the inferred category, all at a 0.5 g/t cut-off grade. The
resource consists of 17.2 and 9.4 million tonnes of indicated and inferred
material, respectively. This same district hosts Alamos Gold's Mulatos mine,
which produced 178,000 ounces of gold in 2009 and had a reported a resource of
4.75 million ounce of gold at the end of 2008.


Hans Smit, P.Geo., VP Exploration for Grayd, is the Qualified Person directing
the exploration at La India. Samples are sent to the ALS Chemex facility in
Hermosillo for sample preparation, and then to the ALS Chemex laboratory in
Vancouver for gold assay and ICP. QA/QC procedures used include assay standards
and blanks.


Grayd Resource is a growth-oriented junior natural resource company focused
primarily on exploring and developing a large land position in Mexico which is
highly prospective for gold mineralization. The Company's Officers and Directors
are experienced in all aspects of mineral exploration, development and
production and have been involved with several successful mining projects during
the past 20 years.


The information in this news release may contain forward-looking statements.
When used in this release, words such as "estimate", "expect", "anticipate" and
"believe" as well as similar expression are intended to identify forward-looking
statements. Such statements are used to describe management's future plans,
objects, and goals for the Company and therefore involve inherent risks and
uncertainties. The reader is cautioned that actual results, performance or
achievements may be materially different from those implied or expressed in such
statements, which speak only as of the date the statements were made. The
Company does not update forward-looking statements continually as conditions
change.


Grayd Resource Corporation (TSXV:GYD)
Historical Stock Chart
From Sep 2024 to Oct 2024 Click Here for more Grayd Resource Corporation Charts.
Grayd Resource Corporation (TSXV:GYD)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more Grayd Resource Corporation Charts.