VANCOUVER, BRITISH COLUMBIA – May 1, 2012 – La Ronge Gold Corp. (TSX VENTURE:LAR) (the “Company”) is pleased to announce that the final assay results from the 2012 winter-spring drilling on its Preview SW Gold Deposit (“the deposit”) in northern Saskatchewan, Canada have been received, and the deposit has now been further extended along strike to the northeast for the total of 70 m.
Highlights of the results are as follows:
Step-out drilling confirms the Preview SW Gold Deposit remains open along strike, towards southwest and northeast
Drill hole PR12-132 intersected:
- 36.10 metres (m) of 2.06 g/t gold (g/t Au) starting at 96.10 m
Drill hole PR12-134 intersected:
- 30.79 metres (m) of 1.09 g/t gold (g/t Au) starting at 45.96 m
Drill holes PR12-132 and PR12-134 were drilled along section 7215N, 100 metres northeast of Cameco Corporation’s previous drilling and the northern limit of Cameco’s historical resource estimate, and 70 m northeast of previously reported holes PR12-130 and 132. Drill hole PR12-132 intersected 36.10 m of 2.06 g/t Au and PR12-134 intersected 23.39 m of 1.27 g/t Au. Results from these step-out drill holes indicate that the deposit extends and remains open to the northeast.
Drill hole PR12-133 was drilled 150 m NE of holes PR12-132 and PR12-134 and only intersected narrow sporadic zones of gold mineralization ranging between 2.30 and 2.71 g/t Au over intervals of less than one metre
A complete summary of selected mineralized intercepts from holes PR12-132 to 134 is given below:
|Drillhole||From (Metres)||To (Metres)||Gold Grams per Tonne||Width (Metres)||Ounces per Ton||Width (Feet)|
|PR12-133||No Significant Values|
Drill hole Collar Details:
PR12-132 = Azimuth 112.0, Dip -45, Depth 250.1 m
PR12-133 = Azimuth 112.0, Dip -45, Depth 236.1 m
PR12-134 = Azimuth 112.0, Dip -45, Depth 201.5 m
Mineralized intervals are based on samples that vary in width from 0.6 m to 1.5 m utilizing 0.20 g/t gold cut-off levels with a maximum internal dilution of 5.5 metres. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths. The collars of the drill holes reported above as well as a section showing PR12-132 and 134 are found on La Ronge Gold’s website at:http://www.larongegold.ca/projects-saskatchewan-preview-sw.php.
Results from drill holes PR12-120 to 131 have been previously released on News Releases dated March 1, March 12, April 2, and April 17, 2012.
The Preview SW deposit was discovered by Cameco Corporation in the late 1980’s. Structurally controlled mesothermal lode gold is hosted in silicified zones within and spatially related to quartz veins in sheared dioritic-gabbroic sills and is associated with sulphides.
A prominent 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 sub-parallel northeast-trending, en echelon shear zones, totalling 150 m in width, make up the Preview SW deposit. Individual 1 to 10 metre-wide shear structures host swarms of narrow quartz veins that bifurcate and merge along strike and remain persistent at depth. Cameco’s drilling indicated that gold mineralization is open in both directions along strike and down dip.
Now that all assays have been received, work will start immediately on a resource estimate of the Preview SW deposit compliant with NI 43-101 standards.
“These final holes of the program indicate a total strike extension of 140 m to the mineralization in the Preview SW deposit. We have increased the strike length of the deposit by 56% for the total of 390 m,” commented the Company’s President, Rasool Mohammad.
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 inserted 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.
President & CEO
(604) 685-3764 (FAX)