Grenville Reports Preliminary Underground Sample Results Including 1.85 Meters With 235.2 g/t Silver, 10.94% Zinc, 8.59% Lead an
January 15 2010 - 1:06PM
Marketwired
Grenville Gold Corporation ("Grenville" or "the Company") (TSX
VENTURE: GVG)(PINK SHEETS: GVLGF)(FRANKFURT: F9I)(WKN: A0KELU) is
pleased to announce that it has interpreted the results from the
Reserva Vein, level 345 sampling project. Level 345 is one of five
levels developed prior to the Pacococha mine closing in 1991. The
Reserva Vein is one of 33 reported veins at the Silveria Property
(Stone & Godden, 2007) and is located within the recognized
Millotingo-Pacococha polymetallic district near San Mateo, Lima,
Peru. Renewed interest within this district by major European,
Chinese and Japanese Mining Corporations (NYRSTAR, CHALCO, MITSUI)
and recent National coverage by the Peruvian press (Gestion
Business Journal) has prompted Grenville to release new preliminary
exploration results on the Property. A 3D model of 42 km of adits,
veins and stopes completed by Knight Piesold Engineering is
available under the heading vidoe player on the front page of the
Grenville website; www.grenvillegold.com.
The geochemical survey targeted the initial 300 m of Level 345.
It consists of 56 sampling lines containing one to three random
chip samples taken within well defined areas. Initial limited
sampling (83 samples) performed by the Company indicates that the
vein mineralization is characterized by anomalous mineral contents
which assays on average 74.8 g/t Ag, 2.20% Pb, 4.78% Zn and 0.29%
Cu. The average mineralized width is 1.26 m. Table 1 outlines the
best results obtained during the survey.
Highlighted Samples
----------------------------------------------------------------------
Line n Width Au Ag Zn Pb
m g/t g/t % %
----------------------------------------------------------------------
5 1 0.50 n/a 211.0 5.01 9.99
----------------------------------------------------------------------
25 1 0.90 n/a 134.0 3.66 4.07
----------------------------------------------------------------------
35 1 0.80 n/a 312.0 10.25 5.93
----------------------------------------------------------------------
45 1 0.60 n/a 240.0 5.82 2.18
----------------------------------------------------------------------
235 2 1.85 0.812 235.2 10.94 8.59
----------------------------------------------------------------------
275 1 0.60 0.453 446.0 15.65 21.30
----------------------------------------------------------------------
Table 1. Selected Reserva level 345 sample results.
The current results are consistent with those reported within
the Minefill Services Inc. (Stone & Godden, 2007) and SRK
Exploration Services (Gilbertson & O'Donovan, 2008) independent
43-101 Technical Reports. These reports and the complete results of
this press release are given in the Company's website.
The sample results approximate the average composition of the
areas sampled and therefore are considered representative. However,
the Property is at an early exploration stage and the current
sampling results cannot be expected to reflect the true average
value or composition over the 33 veins. A systematic sampling
campaign of the entire mineralized structures is needed in order to
get statistically valid average metal contents. The veins geologic
and economic continuities have not been systematically studied;
however, it is to be expected that vein deposits are typically
discontinuous and formed by high grade zones separated by lower
grade material.
Analyses for the samples reported herein were carried out by ALS
Chemex S.A.C in Lima, Peru. ALS Chemex S.A.C is an International
Organization for Standardization ("ISO") 9001: 2000-certified
laboratory. The precious and base metals determinations were
obtained using a combination of fire assay and/or atomic absorption
spectroscopy depending on the metal content of the samples.
No quality control program was implemented by the Company to
support this sampling program. ALS-Chemex is an ISO-certified
laboratory and has a well-defined internal quality control
protocol. All the reported results were within acceptable detection
ranges (less than 2 standard deviation variation).
The technical information within this news release has been
reviewed by Luc Pigeon, B.Sc., M.Sc., P. Geo and Qualified Person
as defined by NI 43-101.
On behalf of the Board of Directors,
A. Paul Gill, President & Director
We Seek Safe Harbor.
Contacts: Grenville Gold Corporation A. Paul Gill President
& Director Direct: (604) 303-1051 www.grenvillegoldcorp.com
Grenville Gold Corp. (TSXV:GVG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Grenville Gold Corp. (TSXV:GVG)
Historical Stock Chart
From Oct 2023 to Oct 2024