Appleton Intersects 10 Metres of 3.68 g/t Au at Manalo
August 11 2010 - 7:30AM
Marketwired Canada
Appleton Exploration Inc. (TSX VENTURE:AEX) is pleased to announce the remaining
results from recent reverse circulation (RC) and aircore (AC) drilling on the
southern segment of the Dialafara Prospect on the Manalo Gold Project, Republic
of Mali, West Africa. Highlights include 10 metres of 3.68 grams per tonne (g/t)
gold and 10 metres of 0.75 g/t Au. These new results, in conjunction with
previous drilling to date, now define a minimum 625 metre strikelength trend of
encouraging gold mineralization.
Appleton's president Tim Henneberry stated, "Appleton management continues to be
very excited with the drill results from our Manalo Gold Project. We are getting
a better handle on the geology controlling the gold mineralization, now have a
considerable strikelength of gold mineralization in the Dialafara South Segment
target and have many untested anomalies and targets throughout the Manalo Permit
that warrant our attention."
New results are from the last 11 RC holes, MDL-10-100 to MDL-10-110 on the
Dialafara South Segment and aircore drilling along its northwest projection,
part of the 37 hole 4,300-metre RC drill program and 67 hole 3,771-metre AC
drill program conducted during March and April, 2010. Appleton is earning a 100%
interest in the Manalo project from Rockgate Capital Corp.
Table 1 Highlights
--------------------------------------------------------------
Drill Hole From (m) To (m) Length (m) Au g/t
--------------------------------------------------------------
MDL-10-100 77 78 1 3.17
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MDL-10-102 49 59 10 0.75
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incl 49 53 4 1.45
--------------------------------------------------------------
MDL-10-103 86 87 1 2.83
--------------------------------------------------------------
and 91 92 1 0.47
--------------------------------------------------------------
MDL-10-104 23 24 1 0.32
--------------------------------------------------------------
and 44 47 3 1.00
--------------------------------------------------------------
and 58 62 4 0.20
--------------------------------------------------------------
and 103 105 2 0.79
--------------------------------------------------------------
MDL-10-108 46 47 1 47.40
--------------------------------------------------------------
and 70 72 2 4.01
--------------------------------------------------------------
MDL-10-109 50 51 1 0.70
--------------------------------------------------------------
MDL-10-110 3 5 2 0.63
--------------------------------------------------------------
and 82 90 8 0.67
--------------------------------------------------------------
and 108 118 10 3.68
--------------------------------------------------------------
Six RC holes, MDL-10-100, 101, and 107 to 110, explored 100 to 280 metres to the
northwest of MDL-10-099 which intersected 1.45 g/t Au across 61 metres, as
reported in our news release dated July 15, 2010. Many of the best gold
intercepts in the Dialafara South Segment, like that in MDL-10-099, occur within
a trend of quartz veining along and proximal to the northwest-trending
sandstone-mudstone contact. MDL-10-107 to 110 encountered significant quartz
veining in the coarse sandstone unit adjacent to the contact. MDL-10-110
intersected 3.68 g/t Au over 10 metres. Hole MDL-10-110 is 200 metres northwest
of hole MDL-10-099. More drilling is proposed for this area. MDL-10-100 and 101
did not reach the key sandstone-mudstone contact but explored veining in the
mudstones, encountering weak veining with sporadic gold values.
Five RC holes, MDL-10-102 to 106, tested the 300 metres between the central
Dialafara artisanal workings (MDL-10-086 and 099) and the southeast workings
(MDL-09-073). All 5 holes tested quartz veining in the mudstones immediately
northeast of the key sandstone-mudstone contact, intersecting quartz veining and
sporadic gold values. The drilling did not reach the key sandstone-mudstone
contact. Drill testing of the key contact zone in this area is planned.
The northwest projection of the Dialafara Southern Segment was explored by four
widely spaced lines of aircore drilling. This drilling identified several
gold-bearing structures associated with mudstone-sandstone contacts. Near
MDL-10-017, aircore hole MAC-10-125 intersected 15 metres assaying 0.55 g/t Au
and MAC-10-126 intersected 5 metres of 0.43 g/t Au (by 50g Fire Assay). Almost
200 metres west, MAC-10-133 and 134 intersected 9.0 metres of 0.20 g/t Au and
6.0 metres of 0.18 g/t Au, respectively, in a new significant quartz vein trend
associated with a sandstone-mudstone contact. That quartz veining is traceable
to the northwest for over 300 metres, and may represent the fold-repeated
contact found at the Dialafara Southern Segment. Drilling is proposed for this
potential repetition of the mineralized structure.
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. Reverse
circulation and aircore cuttings collected used a cyclone in 1 metre intervals
that are riffle split at the drill site. All samples were initially analyzed by
50 gram fire assay. Samples identified in potentially mineralized zones or that
returned anomalous (greater than 0.10 g/t) gold values were reassayed by screen
metallics analysis in order identify the presence and significance of coarse
gold in samples. All reported assays in this report are by screen metallics
methods unless otherwise stated. Previous work suggests than Manalo hosts
moderate coarse gold. 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. Both Chris Wild,
P.Eng. and Paul Cowley, P.Geo., director of Appleton, are qualified persons for
the drilling campaign.
Appleton is awaiting results from aircore drilling completed in June 2010 on the
Sirabada and Mansaya Prospects approximately 8 kilometres south and southeast of
Dialafara South.
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.
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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
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including the Company's strategy, plans or future financial or operating
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the Company's management in light of their experience and perception of
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other factors that may cause the actual results, level of activity, performance
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Important factors that could cause actual results to differ from these
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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
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statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.
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