Z-Gold Exploration Acquires Coda Property
April 28 2010 - 3:15PM
Marketwired
Z-Gold Exploration Inc. (TSX VENTURE: ZGG) is pleased to announce
the acquisition of a 9 unit mineral claims package totaling 497.98
hectares located in the Monseignat Township in the Val-d'Or Mining
Division, Province of Quebec.
Z-Gold Exploration Inc. will pay $40,000 and issue 800,000
shares at signature for an option to acquire a 100% interest in the
Monseignat claims. The property is subject to a 1.5% NSR on the
property from a former owner. This acquisition is subject to
regulatory approval.
The Coda Property is crossed by a major regional fault. We note
the presence of a diorite intrusive stock in contact with lapilli
tuffs and tonalite intrusive dykes. The geological fault is traced
by input anomalies. The geological setting is pretty similar to the
Joutel-Poirier area. Massive sulphides are present on the
property.
About Z-Gold Exploration Inc.
The head office of Z-Gold is located at 15, rue Gamble East,
Suite 204, Rouyn-Noranda, QC, J9X 3B6. Z-Gold Exploration Inc. is
exploring for gold and base metals in the Abitibi Greenstone
Belt.
Z-Gold has as its flagship property the Abitibi Gold Property
located in Munro Township in the famous Timmins mining camp. There
are many surface gold showings that require investigation by ground
geophysical surveys and followed up by a diamond drilling program.
A recent airborne survey has successfully outlined many EM and
magnetic structural features. A geophysical feature similar to the
Croesus mine has been identified. The Abitibi Gold Property
consists of five mining leases containing 85 claims (91 units)
located approximately 86 kilometres east northeast of the city of
Timmins in the Larder Lake Mining Division, Ontario.
Z-Gold Exploration Inc. is a publicly listed company trading on
the TSX Venture (ZGG).
This press release was prepared by Z-Gold Exploration Inc.
Neither the TSX Venture Exchange Inc nor its Regulation Services
Provider (as that term is defined in the Policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this release.
This document may contain forward-looking statements relating to
Z-Gold's operations or to the environment in which it operates.
Such statements are based on operations, estimates, forecasts and
projections. They are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict and
may be beyond Z-Gold's control. A number of important factors could
cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth
in other public filling. In addition, such statements relate to the
date on which they are made. Consequently, undue reliance should
not placed on such forward-looking statements. Z-Gold disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, save and except as may be required by applicable
securities laws.
Contacts: Z-Gold Exploration Inc. Rodrigue Tremblay President
and CEO 800-388-8668 819-797-8668 (FAX)
zgoldexploration@gmail.com