VANCOUVER, BRITISH COLUMBIA – March 1, 2012 – La Ronge Gold Corp. (TSX VENTURE:LAR) (the “Company”) is pleased to announce that initial assays have been received from the first two drill holes completed at the Preview SW gold deposit in Northern Saskatchewan, Canada. Results reported below are from drill holes PR12-120 and PR12-121 which were drilled on one section in the middle of the deposit primarily to verify the widths and grades of previously defined mineralization.
Highlights of the results are as follows:
- Drill hole PR12-120 intersected 213.9 metres (m) of 1.63 g/t gold (g/t Au), starting at 11.70 m
- Drill hole PR12-120 intersected 196.78 metres (m) of 1.04 g/t gold (g/t Au), starting at 7.92 m
- Gold mineralization also occurs in wall rocks adjacent to high grade gold veins
- Gold mineralization is considered open along strike and at depth
A complete summary of selected mineralized intercepts from these two holes is given below:
| Hole # PR12-120 (-45 dip, 112 Azimuth, 253 m depth) | ||||||
| From (Metre) |
To (Metre) |
Gold Grams per Tonne |
Width (Metre) |
Ounces per Ton |
Width (Feet) |
|
| 20.42 | 23.30 | 11.77 | 2.88 | 0.34 | 9.45 | |
| 39.50 | 49.75 | 8.28 | 10.25 | 0.24 | 33.63 | |
| including | 46.35 | 49.75 | 21.70 | 3.40 | 0.63 | 11.15 |
| 66.50 | 75.45 | 3.18 | 8.95 | 0.09 | 29.36 | |
| including | 72.10 | 75.45 | 7.08 | 3.35 | 0.21 | 10.99 |
| 86.15 | 105.35 | 2.48 | 19.20 | 0.07 | 62.99 | |
| Hole # PR12-120 | ||||||
| From (Metre) |
To (Metre) |
Gold Grams per Tonne |
Width (Metre) |
Ounces per Ton |
Width (Feet) |
|
| including | 86.15 | 88.20 | 10.44 | 2.05 | 0.30 | 6.73 |
| 109.25 | 113.80 | 2.37 | 4.55 | 0.07 | 14.93 | |
| 195.65 | 225.60 | 2.21 | 29.95 | 0.06 | 98.26 | |
| including | 196.85 | 200.85 | 11.99 | 4.00 | 0.35 | 13.12 |
| 11.70 | 225.60 | 1.63 | 213.90 | 0.05 | 701.77 | |
| Hole # PR12-121 (-45 dip, 112 Azimuth, 230 m depth) | ||||||
| From (Metre) |
To (Metre) |
Gold Grams per Tonne |
Width (Metre) |
Ounces per Ton |
Width (Feet) |
|
| 18.15 | 36.40 | 2.45 | 18.25 | 0.07 | 59.88 | |
| including | 28.05 | 36.40 | 3.52 | 8.35 | 0.10 | 27.40 |
| and | 30.70 | 36.40 | 4.89 | 5.70 | 0.14 | 18.70 |
| 78.00 | 95.75 | 2.21 | 17.75 | 0.06 | 58.23 | |
| 100.90 | 123.75 | 1.92 | 22.85 | 0.06 | 74.97 | |
| including | 105.50 | 111.35 | 2.90 | 5.85 | 0.08 | 19.19 |
| 126.30 | 130.95 | 2.38 | 4.65 | 0.07 | 15.26 | |
| 156.05 | 158.90 | 3.88 | 2.85 | 0.11 | 9.35 | |
| 175.60 | 183.00 | 1.47 | 7.40 | 0.04 | 24.28 | |
| 185.80 | 188.90 | 1.49 | 3.10 | 0.04 | 10.17 | |
| 199.40 | 204.70 | 1.50 | 5.30 | 0.04 | 17.39 | |
| 7.92 | 204.70 | 1.04 | 196.78 | 0.05 | 645.60 | |
Assays reported above are over widths measured down the holes; true widths will be somewhat less. Please refer to Fig. 1 for location of these drill holes (http://media3.marketwire.com/docs/LAR_Fig1.jpg) and visit the website at: http://www.larongegold.ca/projects-saskatchewan-preview-sw.php.
The Preview SW deposit was discovered by Cameco Corp in the late 1980’s. Structurally controlled mesothermal lode gold is hosted in silicified zones spatially related to quartz veins in a sheared dioritic-gabbroic intrusion and is associated with sulphides. Gold mineralization also occurs as replacement textures in wall rock adjacent to these veins.
The zone of diorite-gabbro sills extends for 5200 m in a northeast-southwest direction across the property and reaches approximately 200 m in width. Several subparallel northeast-trending shear zones, totalling 150 m in width, make up the Preview SW deposit, and these zones contain swarms of narrow quartz veins that bifurcate and merge. The en echelon 1 to 10 m-wide shear structures are persistent at depth and often merge in that direction too. The results of Cameco’s drilling indicated that gold mineralization is open in both directions along strike and down dip.
The drill program is anticipated to consist of a minimum of 2,500 m designed to bring the historical resources up to current NI 43-101 standards and to expand the mineralized zones. These historical resources are discussed in the News Releases dated October 17 and November 2, 2011.
“The results from these two drill holes meet our expectations,” commented the Company’s President, Rasool Mohammad. “What is particularly significant is the presence of broad zones of lower grade gold mineralization enveloping the higher grade gold quartz veins in both these holes. This should have positive impact on our forthcoming resource calculation of this deposit.”
Analyzed samples consisting of sawn drill core were analyzed by TSL Laboratories in Saskatoon with fire assay techniques. La Ronge Gold routinely uses an industry standard QA/QC program consisting of randomly inserting standards, blanks and duplicates into the sample stream to ensure assay accuracy and repeatability.
Gordon Davidson, P. Geol., has reviewed the technical information in this news release.
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company has acquired projects in Saskatchewan with historical gold ounces and is in the process of bringing those historical gold ounces to the NI 43-101 standards. The Company also holds other gold projects located in Ontario, Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
CONTACT INFORMATION
La Ronge Gold Corp.
Rasool Mohammad
President & CEO
(604) 639-4533
(604) 685-3764 (FAX)
www.larongegold.com
