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Message: 1000 m Drill Program Commenced At Allemata Project On 7th April 2009

1000 m Drill Program Commenced At Allemata Project On 7th April 2009

posted on Apr 14, 2009 12:31PM

News Releases - Tuesday, April 14, 2009
Title: 1000 m Drill Program Commenced At Allemata Project On 7th April 2009
April 14, 2009 - Vancouver, British Columbia - Vangold Resources Ltd ("Vangold") and its joint venture partner, New Guinea Gold Corporation ("NGG") are pleased to announce plans for additional exploration on some of its key projects:

The Allemata Project is owned by Pacific Kanon Gold (PKG), which in turn is owned 50/50 by New Guinea Gold Corporation (NGG) and Vangold Resources Ltd. (Vangold). The property consists of Exploration Licence 1323 of 182 sq kms, reducing to approximately 100 sq kms as of 30th April 2009.

The property is 10km SW of Alotau, capital of Milne Bay Province and 15km south of Gurney International Airport. The property has all weather road access to Alotau and the airport.

The property encompasses part of the historic Milne Bay Goldfield which produced more than 14,000ozs gold and 200ozs of platinum from alluvials prior to 1926.

Mineralisation on the Allemata property is associated with emplacement of intrusives of Oligocene/Miocene age into Cretaceous age sediments (mainly shales). The intrusions have caused argillic and silicic alteration, which is closely associated with the various styles of mineralisation. Skarn mineralisation may also be present as sediments in the area include carbonate units.

Intrusive rock types observed range from syenite through to monzonite and gabbro, locally brecciated, which suggests a complex intrusive history. The rocks are of alkaline type and similar to those associated with gold mineralisation in south-east Papua New Guinea. Gold and possibly platinum mineralisation in pyritic shear zones and quartz-pyrite veins, indicate the development of mineralised hydrothermal systems. Potential for skarn mineralisation is also present as the country rocks are known to include carbonate bearing units.

Significant gold mineralisation has been outlined in two areas by trenching and drilling -- Ulo Ulo and Haluba Prospects.

At Ulo Ulo high grade lode style mineralisation has been defined by geochemistry (soil and trench sampling) over an area of 400m by 400m. Much of the area is covered by alluvium and overall mineralisation controls are still uncertain. The best trench results were 4m at 18.7g/t gold and 4m at 100g/t gold.

At Ulo Ulo North the strike of individual lodes varies widely within an overall east-west trend suggesting that they may form a mesh-like vein network. A very preliminary assessment suggests several groupings of lodes as follows (and potentially others within this east west zone):

  • Upper Cyanide Creek Lodes. Outcrop samples from this group returned consistently high grades, including 100g/t gold, 28.8g/t gold, 25.6g/t gold, 18.1g/t gold, 6.66g/t gold and 9.51g/t gold. In addition these lodes contained up to 42g/t silver and 1% copper. Individual lodes appear to average about 1.5m wide and are south dipping.
  • Adit 23 Lodes. These lodes are located near the western strike extent of the Ulo Ulo north zone, near the portal of Adit 23. Individual lodes sampled vary from 0.20m -- 0.50m in width. Outcrop chip sample grades vary between 1.21g/t and 9.15g/t gold. Lodes are north dipping.
  • Adit 15 Lode. This lode is confined to a distinct east-west structure passing through Adit 15. Three outcrop chip samples returned 35.4g/t gold, 12.8g/t gold and 6.96g/t gold. Silver values range up to 97g/t and copper to 1%.

Assay results from earlier PKG programs showed high gold values particularly from soil and rock samples. Sixteen rock chip samples distributed across the prospect assayed greater than 1g/t gold. Four samples in the range of 30g/t gold to 100g/t gold occur in two groups on the east side of the prospect. A sample across a 2.2m quartz-sericite-pyrite vein in a contact zone assayed 71.9g/t gold. A 30cm bladed quartz vein assayed 39.8g/t gold and 31.9g/t gold, and a 10cm wide quartz vein assayed 29.7g/t gold.

Six soil samples assayed >1g/t gold with two adjacent samples of 6.56g/t gold and 2.53g/t gold. The soil re-sampling only covered part of the original grid. Thirteen drill holes (8 historic - 316m, and 5 by PKG - 566m), intersected numerous narrow intersections, mainly up to 2m width, with best gold value of 0.1m at 32.2g/t gold. All results are shown on Table 1.

The present program at Ulo Ulo will test the high grade trench result of 4m at 100g/t gold and provide further information on the overall distribution and structural controls of the gold mineralisation.

At Haluba and Bwaha, assays defined seven zones of anomalous gold above 0.10g/t gold within an area of 500m by 200m. Six samples assayed above 1g/t gold. The highest value of 53.4g/t gold occurs in a 100m by 100m zone of > 0.05g/t gold.

The five trenches at Kaiyahadebabeba creek had composites of the samples assayed. These five trenches were subsequently re-sampled and re-assayed within a series of short trenches across soil anomalies found from the original soil sampling program and sampling along the track leading to Haluba.

The five Kaiyahadebabeba trenches were situated within an anomalous soil zone defined by >0.05g/t gold. All trenches had gold grades generally >0.2g/t gold with a scattering of assays >1g/t gold. The western end mineralised sections are on both sides of the creek and probably part of the same zone. Samples from two short trenches (B1 and B2) gave assay results including 45m of 1.51g/t gold in B1 and 45m of 0.50g/t gold in B2. Other soil check trenches gave lower results (0.1g/t gold) with isolated high values including 0.81g/t gold in trench A and 1.15g/t gold in E2. Seven samples from the trackside sampling (Trench E1) assayed >1g/t gold, up to 16.75g/t gold. Trackside sampling gave separate mineralised intervals of 0.81g/t gold over 20m, 5.87g/t over 16m and 2.17g/t gold over 20m. The western trenching (Trenches 2W, 3W and G) also showed low grade mineralisation. The mineralised trench intervals are summarised below in Table 2.

Five drill holes have been completed at Haluba, 4 are historic, (estimated total length of 200m) and one by PKG (200.3m in length). All holes intersected near surface, potentially economic gold mineralisation as shown in Table 1.

The present drilling program will extend our knowledge of the extent of gold mineralisation in known drill holes and also test other geochemical targets within the 500m by 200m gold anomalous area.

An Independent NI 43-101 technical report is available on Sedar or at www.newguineagold.ca.
This report presents details of all work completed to date including trench and drill results and the location of all sampling.

TABLE 1
DRILLING RESULTS

Ulo Ulo Prospect Drilling Results - Historic


Drill Hole

From

To

Intercept

Analyses

Depth (m)

(m)

(m)

(m)

Gold g/t

Silver g/t

0.5 g/t

3.0 g/t

DDHU01

10.0

12.0

2.0

4.74

3.0

(38.0)

22.2

22.8

0.6

11.61

<cog

DDHU02

No

Significant

Results

(40.5)

DDHU03

No

Significant

Results

(40.8)

DDHU04

0.0

1.0

1.0

2.01

(49.2)

44.7

45.2

0.5

7.60

DDHU05

19.2

19.7

0.5

10.85

3.0

(35.0)

DDHU06

No

Significant

Results

(40.8)

DDHU07

No

Significant

Results

(40.8)

DDHU08

11.05

12.4

1.35

1.94

6.0

(31.2)

12.4

13.4

1.0

7.13

7.0



13.4

14.0

0.6

13.73



14.0

16.0

2.0

1.83



16.0

18.0

2.0

0.59



Ulo Ulo Prospect - NGG Drilling Results

Drill Hole

From

To

Intercept

Analyses

Depth (m)

(m)

(m)

(m)

Gold g/t

Silver g/t

0.5 g/t

3.0 g/t

UDH001

2.30

3.40

1.10

3.01

-

(50.0)

Incl.

0.50

6.02

8.1

UDH002

23.35

23.45

0.10

32.20

33.4

(99.0)

25.00

25.60

0.60

1.78

-



34.00

35.00

1.00

17.65

-



50.60

52.00

1.40

0.93

-



91.45

93.00

1.55

5.87

-

UDH003

5.10

7.00

1.90

9.39

-

(100.7)

27.50

27.90

0.40

4.66

5.1



29.30

29.60

0.30

1.28

-

UDH004

14.00

14.30

0.30

1.06

-

(120.0)

14.30

15.30

1.00

-



16.70

17.50

0.80

1.57

-

UDH005

15.20

16.20

1.00

0.91

-

(194.9)

19.00

21.00

2.00

1.03

-



31.00

38.10

7.10

0.60

-



Incl.

0.20

1.22

10.2



0.30

1.42

6.1



48.00

49.00

1.00

0.77

3.6



Haluba Prospect Drilling Results - Historic

Drill Hole

From
(m)

To
(m)

Intercept
(m)

Grade
Gold g/t

H001

2.0

16.0

14.0

2.86

H002

0.0

3.0

3.0

1.78

11.0

16.0

5.0

2.76

20.0

25.0

5.0

1.74

H003

4.6

7.5

2.9

2.14

15.1

30.0

14.9

2.21

H004

9.5

14.1

4.6

1.97



Haluba Prospect - NGG Drilling Results

Drill Hole

From

To

Intercept

Analyses

Depth
(m)

(m)

(m)

(m)

Gold g/t

Silver g/t

DDH 005

11.50

18.60

7.10

3.44

<3.0

(200.3)

22.60

23.60

1.00

0.57

<3.0



24.60

26.60

2.00

1.26

<3.0



30.60

33.50

2.90

2.39

<3.0



39.50

40.50

1.00

0.53

<3.0



42.50

43.50

1.00

0.87

<3.0



45.50

47.50

2.00

4.17

<3.0



53.50

54.50

1.00

3.42

<3.0



55.65

56.50

0.85

0.51

<3.0



57.50

59.50

2.00

0.85

<3.0



Table 2: Haluba Prospect Trench Results - NGG Drilling Results

Trench

Sample Interval

Intercept
(m)

Gold
g/t

B2
3E (East)
4E (East)
B1
E1
E1
E1
2W (West)

4m
4m
4m
4m
4m
4m
4m
4m

28
40
20
24
16
12
16
20

0.50
0.53
0.56
1.51
0.81
5.87
2.17
6.10



Drill core is logged and split (all by saw) on site with half core being dispatched to, and assayed by accredited laboratory ALS--Chemex in Townsville, Australia. In house and laboratory standards are used for quality control plus regular check sample assaying. Trench samples are continuous channel samples, in either one or two metre intervals. Usually about 3kg samples are collected and prepared and assayed at ALS -- Chemex in Townsville, Australia.

The information in this release was prepared under the direction of Robert D. McNeil a Fellow of the Australia Institute of Mines and Metallurgy and a "qualified person" as defined by CIM Definition Standards. Mr McNeil has read and approves the information contained herein.

To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email [email protected].


On Behalf of the Board of

VANGOLD RESOURCES LTD.

"Dal Brynelsen"

Dal Brynelsen, President and CEO

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