VANCOUVER, BRITISH COLUMBIA – Nov. 2, 2011 – La Ronge Gold Corp. (TSX VENTURE:LAR) –
- Minimum of 2500 metres of confirmation drilling to commence in January, 2012 on the Preview SW deposit.
- The Preview SW Deposit is host to an historical resource of 493,690 tonnes grading 12.34 grams per tonne (g/t) gold (Au) containing an estimated 195,912 oz Au*.
- 5,780 m from 49 drillholes was recovered and re-boxed by La Ronge Gold’s field crew.
La Ronge Gold Corp. (the “Company”) is pleased to report that it has commenced confirmatory work on the Preview SW Deposit. This deposit is part of a land package located in the La Ronge Gold Belt area of north central Saskatchewan that was recently optioned by the Company as described in the October 17, 2011 News Release. The Preview SW Deposit is host to an historical resource of 493,690 tonnes grading 12.34 grams per tonne (g/t) gold (Au) containing an estimated 195,912 oz Au*.
A program designed to bring these historical resources up to current NI 43-101 standards has recently commenced. A field crew has recently returned from the site where historical drill core from the Preview SW Deposit is stored. Most of the drill core was found to be in very good shape, and an estimated 5,780 m from 49 drillholes was recovered and re-boxed by La Ronge Gold’s field crew. Historical drilling by Cameco, the previous operator, totalled 14,119 m in 89 drillholes. Cameco drilled this deposit off at 15 m-section intervals, which is considered to be very detailed. It is remarkable that greater than 40% of the drill core from this drilling is now available for re-logging and re-sampling, considering that this core is 23 to 25 years old. La Ronge Gold’s field crew also revisited many of the old drill collars, and a large number of these collars still have casing in them and are clearly labelled. This will simplify the job of confirming exact drillhole co-ordinates. The newly boxed core has been placed in newly erected core racks. Photos of this drill core restoration can be found on La Ronge Gold’s website athttp://www.larongegold.com/projects/preview.html.
The next step to confirm these historical resources will be to collect all available historical data and create a GIS database for further data interpretation.
Requests for bids have recently been sent to drilling companies for a program consisting of a minimum of 2,500 m of diamond drilling designed to confirm the gold mineralization at Preview SW. Possible down-dip and down-plunge extensions of this mineralization will also be tested in this program, which will start in January 2012. During this drill program, technical staff will be re-sampling the historical drill core with appropriate QA/QC protocols.
“Evidence from this recently completed field work is a testament to the high quality of technical work and core preservation by Cameco Corp when they carried out this drilling between 1986 and 1989,” commented the Company’s President Rasool Mohammad. “This work is another step towards the definition of significant mineral resources with an attractive grade in an area where deposits of this size can be profitably mined.”
The Company is also pleased to announce the appointment of Mr. Gordon Davidson, P.Geo, as the company’s new Vice-President of Exploration. Gord has over 30 years of experience in mineral exploration. More recently, he directed exploration activities at Cumberland Resources, where he was an important member of the team bringing the Meadowbank Gold Project to a positive production decision.
Gordon Davidson, P.Geo, 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 also holds other gold projects located in Ontario, Canada.
* Non-Compliant 43-101 Historical Resources and Reserves
The historical resource estimates quoted above are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. Although the historical estimates for the Preview SW Deposit should not be relied upon, the Company views these historical estimates as relevant and a significant indication of the project’s mineral potential. These properties will require considerable further evaluation which the Company intends to carry out in due course.
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.
La Ronge Gold Corp.
President & CEO
La Ronge Gold Corp.
(604) 685-3764 (FAX)