AEX AEX Gold Inc

Appleton Exploration Inc. (TSX VENTURE:AEX) has commenced the spring 2010
drilling program at its Manalo Gold Project in the Republic of Mali, West
Africa. This phase of the drilling program will focus on the northern and
southern segments of the Dialafara Zone. The total proposed drill program will
consist of approximately 2,700 metres of reverse circulation drilling and 2,200
metres of air core drilling.


Dialafara Zone

The Dialafara Zone consists of a 3.7 kilometre long gold soil anomaly. The zone
appears to be fault off-set, resulting in a 2 kilometre long northern segment
and a 1.7 kilometre long southern segment.


Dialafara Northern Segment

Of the 2 kilometre long gold soil anomaly, drilling has defined gold
mineralization in the Dialafara Northern Segment for a strikelength of over 600
metres to date, which locally occurs as multiple sub parallel zones across a 55
metre wide northwest trend. The Northern Segment is centred on a 200 metre long
zone of artisanal workings. The drilling has returned several intervals between
0.30 gpt Au to 2.5 gpt Au over widths from 7 to 16 metres. In addition, the
drilling has identified higher grade intercepts within the Northern Segment,
including 640 gpt Au over 3 metres, 15.64 gpt Au over 16 metres and 35.67 gpt Au
over 7 metres.


Approximately 800 metres of reverse circulation drilling is currently planned on
this target.


Dialafara Southern Segment

Of the 1.7 kilometres long soil anomaly, drilling to date in the Dialafara
Southern Segment has been focused on a 700 metre strikelength of the anomaly.
There are three separate zones of artisanal workings along this 700 metre trend.
The Southern Segment consists of a dominant northwest trending mineralized zone
with multiple subsidiary northeast trending zones. The artisanal workings appear
to stretch up to 100 metres in a northeast direction. Drilling to date has
returned several intervals between 0.30 gpt Au to 6.27 gpt Au over widths from 5
to 25 metres. In addition, the drilling has identified higher grade intercepts
within the Southern Segment, including 29.07 gpt Au over 6 metres and 9.57 gpt
Au over 9 metres.


Approximately 1900 metres of reverse circulation drilling is currently planned
on this target.


Additionally, approximately 2,200 metres of air core drilling is planned within
the Dialafara Zone in efforts of extending strikelengths of mineralization.


Quality Control and Assurance

All samples will be sent to ALS Chemex in Bamako an ISO 17025 certified
laboratory for assay. Standard, blank and duplicate samples will be inserted
throughout the sample sequence as quality control checks. Both Chris Wild,
P.Eng. and Paul Cowley, P.Geo. are qualified persons for the drilling campaign.


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.


Grant of Stock Options

The Company also reports that it has granted 1,100,000 stock options to
directors, officers, and consultants of the Company, at an exercise price of
$0.20 per share, expiring on March 22, 2015, subject to the terms and conditions
of the Company's stock option plan.


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 planned drilling programs and 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.

AEX Gold (TSXV:AEX)
Historical Stock Chart
From Oct 2024 to Nov 2024

AEX Gold (TSXV:AEX)
Historical Stock Chart
From Nov 2023 to Nov 2024