VANCOUVER, BRITISH COLUMBIA – May 28, 2012 – La Ronge Gold Corp. (the “Company”) (TSX VENTURE:LAR) has received results from its confirmation sampling of drill holes completed in 1998 by Cameco Corporation (“Cameco”) on the Company’s Preview SW Deposit in the La Ronge gold belt of northern Saskatchewan, Canada. Near surface, wide zones of gold mineralization were intersected by Cameco during their 1986-1989 drill program. In addition to confirming the assay results from Cameco’s drilling, La Ronge’s winter/spring 2012 drill program not only confirmed the presence of the mineralized zones intersected by Cameco, but also extended the deposit to the north and south.
Highlights from the historic Cameco drilling re-assaying include the following:
PR88-88
- 3.13 g/t Au over 22.0 m starting at 46.0 m
- 1.46 g/t Au over 62.4 m starting at 83.5 m
PR88-76
- 2.26 g/t over 19.8 m starting at 25.8 m
- 1.69 g/t Au over 36.5 m starting at 84.8 m
The assay results from the Company’s re-sampling of split core from these two Cameco drill holes is closely correlated with the historic Cameco assays (see comparative table of composite assays below).
| La Ronge 2012 Re-Assaying of Cameco Core | ||||||
| Drill Hole |
From (metres) |
To (metres) |
Length (metres) |
Gold grams per tonne (g/t Au) |
Gold Ounces per ton (opt Au) |
Length (feet) |
| PR88-76 | 25.8 | 45.6 | 19.8 | 2.26 | 0.07 | 60.3 |
| 54.9 | 59.7 | 4.80 | 1.05 | 0.03 | 14.6 | |
| 70.3 | 71.8 | 1.5 | 2.67 | 0.08 | 4.6 | |
| 84.8 | 121.3 | 36.5 | 1.69 | 0.05 | 111.2 | |
| PR88-88 | 11.0 | 17.5 | 6.5 | 1.27 | 0.04 | 19.8 |
| 22.3 | 39.5 | 17.2 | 1.32 | 0.04 | 52.4 | |
| 46.0 | 68.0 | 22.0 | 3.13 | 0.09 | 67.1 | |
| 83.5 | 145.9 | 62.4 | 1.46 | 0.05 | 204.7 | |
| Cameco’s Historic Assay Results | ||||||
| Drill Hole |
From (metres) |
To (metres) |
Length (metres) |
Gold grams per tonne (g/t Au) |
Gold Ounces per ton (opt Au) |
Length (feet) |
| PR88-76 | 25.8 | 46.1 | 20.3 | 2.25 | 0.07 | 61.9 |
| 54.9 | 59.7 | 4.80 | 1.16 | 0.03 | 14.6 | |
| 66.4 | 71.8 | 5.4 | 1.71 | 0.05 | 16.4 | |
| 84.8 | 121.3 | 36.5 | 1.57 | 0.05 | 111.2 | |
| PR88-88 | 14.0 | 17.5 | 2.2 | 1.22 | 0.04 | 6.7 |
| 22.3 | 40.9 | 18.6 | 1.49 | 0.04 | 56.7 | |
| 46.0 | 68.0 | 22.0 | 3.07 | 0.09 | 67.1 | |
| 83.5 | 140.5 | 57.0 | 1.69 | 0.05 | 173.7 | |
Between 1986 and 1989, Cameco drilled 89 holes totalling 14,119 metres at the Preview SW deposit. LAR has all of the drill logs, assays, and other technical information from this work, and about one third of this drill core was re-boxed and re-labelled over the past several months. In order for the Company to use this data in its mineral resource estimate, it was necessary to validate Cameco’s assays and confirm the historic hole locations. Two drill holes (PR88-76 and PR88-88) were selected for the confirmation sampling program since the core from both holes was available for re-sampling, and both holes were drilled on section 7015 and were tested by the Company’s recently completed drill holes PR12-120, PR12-121, and PR12-122 this past winter. Samples of split core from holes PR88-76 and PR88-88 were collected using the same sample intervals as used by Cameco and were assayed at TSL Laboratories in Saskatoon. QA/QC protocols were employed with these analyses.
The results as shown in the tables above demonstrate that there is a very close correlation between the composited intervals as assayed by Cameco and the Company. Although marginal differences between individual assays were noted, the averages of the same composited intervals were remarkably similar. Based on this comparison, the Company is confident that historical assays from Cameco’s database can reliably be used in the calculation of a new NI 43-101-compliant mineral resource estimate for the Preview SW Deposit.
“The results from re-assaying the Cameco core gives us great confidence in the quality of work Cameco did in the mid-80s,” commented the Company’s President, Rasool Mohammad. “Being able to utilize 14,119 metres of core drilling will save the Company significant capital and time in advancing the Preview SW deposit to the next level.”
For more details please visit the Company website at http://www.larongegold.com/projects-saskatchewan-preview-sw.php#drilling-and-resources.
Analyzed samples consisting of sawn drill core were analyzed by TSL Laboratories in Saskatoon with fire assay techniques. La Ronge Gold has implemented 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., the Company’s Vice President of Exploration and a Qualified Person for the purposes of National Instrument 43-101, 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 resources and is in the process of bringing those historical resources to 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
