Nayarit Gold announces appointment of William J. Warren, Jr. as Vice Presid ent of Exploration
Analysis of initial drill results from Phase One at Minas de Animas returns
a weighted average of 1.3 g/t gold and 99.07 g/t silver, or 3.28 g/t gold e quivalent over 16.48m true width
Nayarit Gold Inc. (TSXV: NYG) is pleased to appoint Mr. William J. Warren, Jr. as Vice President of Exploration. Mr. Warren is a professional Geologi st and holds a Master of Science degree in Geophysics from the Colorado Sch ool of Mines. Mr. Warren has over 20 years experience in mineral explorati on, and has worked on precious and base metals projects internationally.
Warren is in charge of the company's exploration activity, particularly the Orion Gold Project in the state of Nayarit, Mexico where a 7,000 meter dia mond drilling program recently got underway. "I am particularly excited ab out the results we have encountered to date and the prospects going forward " stated William J. Warren, Jr., VP of Exploration. "The Company is in the southern portion of the prolific Sierra Madre Occidental gold-silver minin g belt. This southern portion is an area which is under-explored by modern mining methods, and the Orion district has numerous targets which have show n superb potential. Our first drilling results on the Minas de Animas stru cture have returned a weighted average grade of 3.28 g/t gold equivalent ov er an estimated true thickness of 16.48 metres."
The Minas de Animas mine area, the first target of the present drilling pro gram, contains a system of two sub-parallel quartz breccia veins that trend E-W to NW-SE. The Minas de Animas area has been densely sampled on both t he surface and in accessible underground workings and has yielded 16 gold a ssays of equal to or greater than 10 g/t Au. The sampling program also yie lded 25 silver assays equal to or greater than 500 g/t Ag, with 9 assays eq ual to or greater than 1000 g/t Ag.
William J. Warren Jr., M.Sc., P.Geo is a Qualified Person as defined in NI 43-101 and has reviewed this release.
QA/QC Procedures: The Company has implemented a quality control program to ensure best practices in sampling and analysis of the core samples. The cor e is first logged then split in half during the sampling process with the r emaining half being retained for verification and reference purposes. Dupli cates, standards and blanks are inserted randomly into the sample stream. T he samples are delivered directly in security sealed bags to ALS-Chemex Lab oratories preparation facility in Guadalajara, Jalisco, Mexico (Certificati on ISO 9001). Sample pulps are shipped from there to ALS-Chemex Laboratorie s in North Vancouver, Canada for analysis by ICP techniques. Metallic scree n fire analyses for silver are also regularly run as an additional QA/QC ch eck. Gold equivalent values are based on 50 grams of silver equalling 1 gr am of gold.
Nayarit Gold Inc. is a Toronto based junior resource company dedicated to g old exploration in the proven precious metal districts of Mexico. Manageme nt's goal is to build a profitable resource company and maximize shareholde r value through successful exploration programs and continued development.
For further information on Nayarit Gold please visit the company's website at www.nayaritgold.com or contact:
Mr. Colin P. Sutherland
President & CEO
(647) 477-6264
info@nayaritgold.com
CAUTIONARY STATEMENT
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or oth er regulatory authority has approved or disapproved the information contain ed herein. This News Release includes certain "forward-looking statements" .. All statements other than statements of historical fact, included in thi s release, including, without limitation, statements regarding potential mi neralization and reserves, exploration results, and future plans and object ives of Nayarit, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will pro ve to be accurate and actual results and future events could differ materia lly from those anticipated in such statements. Important factors that coul d cause actual results to differ materially from Nayarit's expectations are exploration risks detailed herein and from time to time in the filings mad e by Nayarit with securities regulators.
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Nayarit Gold Inc.
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CODE : NYG.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Nayarit Gold est une société d’exploration minière d'or basée au Canada. Nayarit Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 47,0 millions CA$ (46,4 millions US$, 35,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,92 CA$, et son plus bas niveau récent le 21 novembre 2008 à 0,25 CA$. Nayarit Gold possède 87 091 000 actions en circulation. |