October 19, 2010 by staff
Blue Note, Blue Note Mining Inc. (TSXV: NTB) and First Gold Exploration Inc. (TSX-V: EFG) announced the results of the first four holes of the program of seven diamond drill holes undertaken to test extensions of underground resources / reserves Or a Croinor Project.
Drilling in each of the first four holes (CR-10-372A CR-10-375) encountered significant gold grades and widths, clearly demonstrating the feasibility of extending the mineralized lenses in the immediate mine area.
In addition, the grade gold intersections and width in the vicinity of planned development can actually increase the mineral reserves with minimal development cost and access to new reserves. The width and depth zones as interpreted from recent drilling indicate good potential to increase the proportion of lower cost mining long hole in the room and pillar mining.
“We are extremely pleased with the results of the 2010 program of drilling completed to date,” said John Martin, President and Chief Operating Officer of Blue Note. “These results confirm the opinion of management that the project Croinor is even stronger than shown by the study recently published pre-feasibility study completed by InnovExplo. We’re very optimistic that the economy will continue to improve over ongoing exploration drilling in the block of current resources and in depth, as we move forward with the development of Croinor. ”
Samples from the last three holes of the program (CR-10 CR-376-10-378) were sent for laboratoryanlysis and testing is expected shortly.
The exploration program in two phases Croinor was announced in April 2010 to delineate high-grade mineralization of gold near the surface, within the block of current resources and depth. The initial phase of the program, including a total of 2,794 meters of drilling consisted of seven holes to define potentially open pitable gold mineralization west of the west pit present, five holes for geotechnical testing and evaluation, and seven holes to test the extensions of existing resources underground. Results of the drilling program near the surface were released Sept. 8, 2010.
In August, 3D hole-in-hole induced polarization (IP) geophysical Abitibi Geophysics conducted survey continues to identify potential extensions to the Croinor. Results of the investigation are ongoing. The second phase of diamond drilling planned is planned to test the extensions of lenses gold in the immediate mine area and to test the possible targets identified by the induced polarization survey.
The drilling program was conducted by Mr. Rouillier Drilling Inc. / M. Rouillier Drilling Inc. and was supervised by staff InnovExplo under Carl Pelletier, P. Geo. A qualified and independent person under NI 43-101. Gold values were determined by fire assay and AAS or fire assay gravimetric and, if more than 3 g / t, ALS Laboratory Group Mineral Division laboratory in Val d’Or.
John Martin, P. Eng., President and Chief Operating Officer of Blue Note Mining Inc., is a qualified person as defined by NI 43-101 and has reviewed the technical information contained in this press release. Carl Pelletier, P. Geo. Of InnovExplo Inc., a consulting firm based in Val d’Or (Quebec), is a qualified and independent person as defined under NI 43-101 and has also reviewed and approved the technical content of this press release.
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