Lexam drills 3.0 m of 17.63 g/t Au at Buffalo Ankerite
2011-07-28 09:48 ET - News Release
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Mr. Tom Meredith reports
LEXAM VG GOLD INC.: DRILLING AT BUFFALO ANKERITE RETURNS MORE POSITIVE EXPLORATION RESULTS
Lexam VG Gold Inc. has released encouraging exploration results from four new holes at the Buffalo Ankerite project, located in Timmins, Ont., Canada. Drill highlights include 17.63 grams per tonne gold over 3.0 metres, 10.66 g/t over 4.6 m and 17.00 g/t over 1.5 m.
The objective of Lexam VG Gold's on-going exploration at the Buffalo Ankerite North Zone is to:
1. Test for higher grade mineralization adjacent to and below the previously mined areas.
2. Determine if parallel zones of mineralization exist at the project.
The latest exploration results demonstrate we are advancing towards our exploration goals. "Over the past two months our drilling at Buffalo Ankerite has consistently returned higher grade intervals over good thicknesses. Three drills are operating in order to determine the significance of these results," stated Tom Meredith, President and CEO.
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