PGS Paget Minerals Corp.

Paget Minerals Corp. (TSX VENTURE:PGS) ("Paget" or the "Company") announced
today strong intervals of gold and copper porphyry mineralization from step-out
holes at the Main Zone on the Ball Creek Project (the "Project") in northwestern
British Columbia. 


Hole BC12-54 was drilled to a depth of 307.0 metres and returned 0.44 g/t gold
and 0.15% copper over its entire length including 0.50 g/t gold and 0.24% copper
over 102.0 metres. Hole BC12-54 was a northwesterly directed hole on the same
cross-section as previously reported hole BC12-48 (see news release dated 27
September 2012) and the results clearly highlight the potential for extending
the known porphyry mineralization to the South and West.


New Highlight Drill Results

Southern Main Zone: Hole BC12-54 on the southwestern edge was mineralized from
surface to the bottom of the hole and returned:




--  0.44 g/t gold and 0.15% copper over 304.2 metres including: 
    --  0.50 g/t gold and 0.24% copper over 102.0 metres



Central Main Zone: Hole BC12-50 was a 300 metre step-out designed to test the
central part of the Main Zone in an area with little previous work and returned:




--  0.24 g/t gold and 0.09% copper over 336.3 metres including: 
    --  0.32 g/t gold and 0.15% copper over 126.8 metres starting from
        surface and; 
    --  0.39 g/t gold and 0.14% copper over 42.0 metres starting at depth of
        305.0 metres



For a complete table of 2012 drill results, please click: 
http://www.pagetminerals.com/i/pdf/Summary_Intervals_2012-10-09_draft.pdf

To view maps and cross sections with 2012 drilling at the Main Zone, please click: 
http://www.pagetminerals.com/i/pdf/1-main-target-geol-NR-oct12.pdf 

David F. Volkert, President and CEO of Paget, stated, "The integrated 2012
exploration program implemented and supervised by Blue Gold Mining (TSX
VENTURE:BGX) has been successful in discovering one of the highest grade
intercepts to date at the Main Zone gold-copper porphyry in a step-out hole. The
potential for discovering additional mineralization under cover and at the Cliff
Zone, a possible extension of the Main Zone, has increased significantly. There
are at least four large and genetically related gold-rich porphyry targets just
within the Blue Gold JV area with more that remain 100% Paget over the
52,000-hectare Ball Creek claim block."


The Ball Creek project may be the next in what are a series of large copper-gold
porphyry deposits that characterize this region of northern BC. Ball Creek is
ideally suited for development given it is located eight kilometres from road,
air strip and power needs. Results of the multi-faceted program are now being
integrated into comprehensive geological and exploration models.


Further details of the integrated summer 2012 exploration program implemented
and supervised by Blue Gold Mining (TSX VENTURE:BGX) are set out in Blue Gold's
news release dated 26 September 2012. 


About Paget Minerals Corp.

Paget Minerals Corporation is a publicly traded resource company focused on
mineral exploration and the advancement of the company's priority Ball Creek
Project in British Columbia. The company hosts a 52,442-hectare, contiguous
mineral tenure package in the Golden Triangle - Iskut Mineral District located
just 8km west of Highway 37 and only 36km northwest of the new Northwest
Transmission Line Substation at Bob Quinn and neighbors three major mine
development projects in the Golden Triangle -- Galore Creek, Schaft Creek and
Red Chris. In 2012, Paget will focus its BC exploration program on the Ball
Creek Project, as well as advancing its exploration in Mexico. Paget also
maintains its equity position in Trident Gold Corp. exploring for gold in
Colombia. David Volkert, President and CEO, serves as the Qualified Person under
the definitions of NI 43-101. 


On Behalf of the Board of Paget Minerals Corp.,

David F. Volkert, President & CEO

Paget Minerals Corp. (TSXV:PGS)
Historical Stock Chart
From May 2024 to Jun 2024

Paget Minerals Corp. (TSXV:PGS)
Historical Stock Chart
From Jun 2023 to Jun 2024