Appleton Discovers Zone of Continuous Gold Mineralization at Manalo
February 08 2010 - 10:51AM
Marketwired Canada
Appleton Exploration Inc. (TSX VENTURE:AEX) is pleased to announce that drilling
in the area of high grade gold mineralization in the Dialafara southern segment
has discovered a zone of continuous gold mineralization with drill hole
MDL09-073 intersecting 25 metres of 6.27 grams per metric tonne (g/t) gold at a
vertical depth of 88 metres. Check screen metallic assays of the same interval
returned 25 metres of 4.56 g/t Au.
MDL09-073 was drilled on the same drill section line below three other holes.
MDL07-001 and MDL07-002, drilled in 2007, returned 9.57 g/t Au across 9.0 metres
and 29.07 g/t Au across 6.0 metres, respectively, and MDL09-072 returned 0.44
g/t Au across 13 metres. The four intercepts align and form a moderately dipping
zone of continuous gold mineralization. The drill results suggest the gold zone
is thickening with depth. Link to a cross-section on our website with:
http://www.appletonexploration.com/index.php/projects/manalo/113.html
Drill Section Highlights
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Fire Check Screen
From To Length Assays Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL09-073 68 82 14 0.81 2.06
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96 121 25 6.27 4.56
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MDL09-072 60 73 13 0.06 0.44
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MDL07-001(i) 71 80 9 9.57 NA
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MDL07-002(i) 87 93 6 29.07 NA
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(i) Historic data; NA = Not available
It should be noted that hole MDL07-002 stopped in mineralization due to
technical problems so does not represent a complete pass through the zone. The
surface projection of the zone corresponds to an area of artisanal workings
where multiple sub parallel veins have been shallowly mined within a 35 metre
wide northeast trend.
Hole MDL09-073 also contains a 14 metre wide gold intercept, which is
interpreted to be the start of an additional sub parallel zone on this section.
Appleton's president Tim Henneberry stated, "Appleton management is very pleased
with the drill results from our Manalo Gold Project. We are now seeing
continuity in an impressive gold zone, thickening with depth. This success is
the key to building resources and ounces of gold on the property. Furthermore,
the medium and high grade intervals dispersed through the many large lower grade
intervals on the Manalo property are common to mines in this region."
The drill results above are part of the 1,806 metre, 15 hole reverse circulation
drill program conducted in Fall 2009 focused on the Dialafara target, Manalo
Gold Project, Republic of Mali, West Africa where Appleton is earning a 100%
interest from Delta Exploration Inc., a wholly-owned subsidiary of Rockgate
Capital Corp.
Highlights for the Fall 2009 program include:
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Fire Check Screen
From To Length Assays Metallic Assays
Drill Hole (m) (m) (m) Au g/t Au g/t
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MDL-09-059 24 27 3 0.07 0.51
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82 87 5 0.05 0.54
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116 131 15 0.17 0.47(i)
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MDL-09-060 44 51 7 0.10 0.48
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MDL-09-061 23 28 5 0.11 0.53
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38 47 9 0.52 0.77(i)
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MDL-09-062 39 48 9 1.35 1.03
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MDL-09-065 67 74 7 34.97 9.95
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including 69 70 1 190.00(ii) 26.51
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MDL-09-066 36 40 4 0.50 0.45
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MDL-09-067 25 38 13 0.15 0.52
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MDL-09-068 18 19 1 3.28 3.44
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47 48 1 0.48 0.54
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54 58 4 0.46 0.65
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86 112 26 0.53 0.51
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MDL-09-072 60 73 13 0.06 0.44
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102 104 2 3.63 2.84
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MDL-09-073 68 81 14 0.81 2.06
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96 121 25 6.27 4.56
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including 96 111 15 8.57 5.71
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including 104 105 1 99.30(iii) 28.38
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including 116 121 5 5.35 5.27
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(i) intercept correlated to high grade intercept in MDL09-056 reported in
NR 09-11 August 11, 2009
(ii) two fire re-assays of this sample both returned greater than 100 g/t
Au
(iii) two fire re-assays of this sample returned 32.6 and 35.9 g/t Au
Note: Compositing used 0.3 g/t Au cut-off and less than 3m internal
dilution
Drill collar location maps and two cross-sections, all with preliminary zone
interpretations, are posted on the Company's website using the following link -
http://www.appletonexploration.com/index.php/projects/manalo/113.html.
Within the Dialafara northern segment, drill holes MDL09-059, MDL09-061 and
MDL09-063 were focused around the high grade intercept in MDL09-056. The
drilling helped extend the zone laterally and vertically albeit with low grade
values. Holes MDL09-060, MDL09-062 and MDL09-067 were drilled to help define sub
parallel gold zones adjacent to the two intercepts in MDL08-036. Multiple sub
parallel gold-bearing zones are apparent across a 55 metre wide northwest trend
in this area. Holes MDL09-064 through MDL09-066 were drilled under the centre of
a 200 metre long northwest trending zone of artisanal workings. Hole MDL09-065
returned a grade of 34.97 g/t Au across 7 metres at a vertical depth of 65
metres. Check screen metallic assays of this same interval returned 7 metres of
9.95 g/t Au. The mineralized trend has been intercepted to date in 6 holes over
a strike length of 175 metres with the best intercept from MDL09-065. MDL09-065
is the southernmost hole of these 6 holes.
Within the Dialafara southern segment, drilling was conducted in three areas of
artisanal workings along a strike length of 700 metres. The multiple veins at
these sites demonstrate blow-out clusters of northeast trending gold-bearing
veins linked by a northwest trending dominant mineralized structure. MDL09-068
explored one area under a series of northeast trending sub parallel veins that
have been shallowly mined at surface across a 67 metre wide trend and returned a
drill intercept of 26 metres of 0.53 g/t Au. Hole MDL09-069 was drilled below
the 18 metres of 3.36 g/t Au intersected in MDL09-054 corresponding to the
dominant mineralized structure in that area. Holes MDL09-070 through MDL09-073
were drilled under artisanal workings covering a 130 metre by 90 metre area
dominated by a series of northeast trending shallowly mined veins where the
continuous gold zone has been discovered.
Quality Control and Assurance
The widths and grades reported are drill intercept widths and may not represent
the true width of mineralization. Individual gold assays have not been cut but
high grade samples have been separately reported in the table above. Samples are
reverse circulation cuttings collected using a cyclone in 1 metre intervals that
are riffle split at the drill site. Samples are assayed by fire assay (50 gram
charge). Zones of quartz veining and limonite were submitted for check assays by
the screen metallic method in order identify the presence and significance of
coarse gold in samples. The primary laboratory is ALS Chemex in Bamako, an ISO
17025 certified laboratory. Standard, blank and duplicate samples were inserted
throughout the sample sequence as quality control checks. The two highest fire
assay values of 99.30 g/t Au and 190 g/t Au showed good reproducibility from
their 2 subsequent fire assay checks. Both Chris Wild, P.Eng. and Paul Cowley,
P.Geo., director of Appleton, are qualified persons for the drilling campaign.
Screen Metallic Comparisons
Screen metallic assaying of lower and intermediate grade fire assayed samples
showed similar to better values than original fire assay values. Frequently,
screen metallic assaying identified new low grade zones undetected by original
fire assaying. The two original highest grade fire assay samples between 99.30
g/t Au and 190 g/t Au returned 28.38 g/t Au and 26.51 g/t Au, respectively, by
screen metallic assay methods, demonstrating the local affects of coarse nuggety
gold on the property.
The Company has begun preparation for a follow up drill program expected to
commence before the end of March.
About Mali
Mali is the fastest growing gold producing country in Africa. Production in 2007
amounted to 2 million ounces of gold making Mali Africa's third-largest gold
producer after South Africa and Ghana. AngloGold Ashanti Limited, one of the
largest gold mining companies in the world, has interests in three operating
mines in Mali: Sadiola, Yatela and Morila.
On Behalf of the Board of Directors,
R.Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Appleton Exploration Inc., is the Qualified
Person as defined in National Instrument 43-101, who has reviewed and approved
the technical content of this news release.
Forward-Looking Statements
This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
including the Company's strategy, plans or future financial or operating
performance and other statements that express management's expectations or
estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. All such forward-looking
information and statements are based on certain assumptions and analyses made by
the Company's management in light of their experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors management believes are appropriate in the circumstances. These
statements, however, are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from those expressed,
implied by or projected in the forward-looking information or statements.
Important factors that could cause actual results to differ from these
forward-looking statements include but are not limited to: risks related to the
exploration and potential development of the Company's projects, risks related
to international operations, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project parameters
as plans continue to be refined, future prices of gold, as well as those factors
discussed in the sections relating to risk factors of the Company set out in the
Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, the Company does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.
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