Stream Sediment Sampling Results Identify 5 New Anomalous Gold Areas on Angel Gold's El Porvenir Project in Colombia
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/06/15 -- Angel Gold Corp. (TSX VENTURE: ANG) ("Angel" or the "Company") is pleased to announce results from our recently completed stream geochemical sampling program. These results highlight five new priority gold targets. Individual assays ranged to 1480 ppb Au. In addition, analysis of the multi-element data has identified multi-element patterns and provide geochemical evidence for three large distinct, multi-element mineralized zones.
Results:
Maps of the results, and location of the anomalies referred to above, and an updated provisional geology map are posted on the Angel Gold website , as are photos of the porphyryitic Corales intrusive and jasperoid.
"We are extremely pleased with the results of our stream sampling program in that we have identified 5 new priority target areas in addition to our pre-existing targets." stated Stella Frias, President and CEO of Angel Gold Corp. "Our exploration efforts continue to confirm the potential of this under-explored property for gold mineralization, not only for additional structurally-hosted mineralization but also for other styles of mineralization as well."
Survey and Analytical Methodology
Sampling was of generally between 2 to 4 kg of active stream sediment, dried and sieved at ALS Medellin to -80# (180 micron). Assaying was carried out by ALS Peru, using method ST43-PKG with Au by 25g aqua regia digestion and ICP-MS finish, and 51 element ICP-MS (method ME-MS41). Quality control included the duplicating of 3 samples at the identical initial sample location, while 3 other sites had replicate samples collected from 2 to 5 metres away. Additionally another 2 samples were each screened and split at the laboratory and each split assayed as consecutive samples. Two blanks and two standards were inserted. The laboratory splits, blanks and standards all repeated excellently. Of the repeat samples 4 repeated surprisingly well, but one duplicate and one replicate which repeated excellently for the multi-element suite showed large disparities with the original samples in gold assay. This variability in gold for separate samplings is as to be expected, as the presence or absence of a single flake of gold in the sample can produce highly variable assay results. For exactly this reason emphasis during anomaly interpretation has been placed on multiple-sample anomalies and multi-element anomalism and zonations rather than on individual absolute gold values.
There are 2 completely different gold-silver anomaly patterns: Au-Ag-Hg-Se-Te, and Au-Ag-Pb-Bi-As. Both stream anomaly associations correspond to observations from earlier multi-element correlations carried out over re-assayed historic drill samples. Aqua regia, rather than 4 acid digest, was specifically selected for use on the stream sediments, so it is expected that much of the metals anomalism - notably Sn, W, Co, Cu, Mo, Hg, Se, Te, Bi, As - would actually reflect contained values released from impure pyrites, and thus reflect a combination of impurity zonation patterns in weak pyritic haloes, as well as of different generations of pyrite mineralization.
Quality Person
Mr. James G. Burns, P.Eng, a Qualified Person under NI 43-101 and a technical advisor to the Company has reviewed and approved the technical information contained in this news release.
About Angel Gold Corp.:
Angel is a Canada-based gold exploration company focused on responsible development of mineral resources in Colombia, host to some of the world's largest gold deposits. Angel has been working in Colombia for over five years. The Company continues its strategy to acquire strategic opportunities in Colombia's best mining districts.
On Behalf of the Board of Directors of Angel Gold Corp.
Blanca Stella Frias, Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
Contacts:
For investor relations please contact:
Stella Frias
+57 321 427 6977
+1 (360) 650-1440
Angel Gold Corp.
604-684-6264
604-684-6242 (FAX)
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Datum: 06.07.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 404833
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VANCOUVER, BRITISH COLUMBIA
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Mining & Metals
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