Open Gold Announces Drilling Update
March 18 2011 - 8:00AM
Marketwired
Open Gold Corp. (formerly Range Capital Corp.) (TSX VENTURE:
OPG)(FRANKFURT: 5OG) ("Open Gold" or the "Company") is pleased to
announce the completion of the initial program of diamond drilling
at its Eholt project located near Grand Forks, British Columbia. A
total of 1,919 meters were drilled in 8 holes in this program, 6 to
test the Dead Honda and 2 at the Senator showings. All core samples
have now been prepared and submitted to Acme labs in Vancouver for
analysis. The drill has been demobilized from the property pending
assay results.
Holes EH 11-01 thru 03 and EH 11-06 thru EH 11-08 were drilled
in the Dead Honda zone, where historic drilling has returned
significant copper-gold intercepts associated with
garnet+pyroxene+chlorite skarn alteration of Triassic Brooklyn
Formation sedimentary rocks. Each of the holes in this year's
program were drilled toward the southwest to test for a possible
northeast oriented trend to skarn mineralization encountered in
prior drilling. All holes intercepted intervals of strong
garnet+pyroxene+chlorite skarn alteration and localized
chalcopyrite mineralization.
Holes EH 11-04 and EH 11-05 were drilled at the Senator Showing
to test gold and copper bearing massive sulfide lenses exposed in
historic mine workings. Both holes collared in
pyrite+/-chalcopyrite bearing chert of the Triassic Knob Hill
formation, before entering Eocene age Coryell intrusive rocks.
Further drilling at the Dead Honda will depend on results on
samples submitted for assay, which will be reported shortly.
The just completed program partially tested only two of the six
priority targets previously identified on the property.
James S. (Jim) Kermeen, M.Sc., P.Eng., is the designated
Qualified Person as defined by National Instrument 43-101 and is
responsible for the technical information contained in this
release.
OPEN GOLD CORP.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Open Gold Corp. Hari Varshney Director 604-684-2181
info@opengoldcorp.com
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