Copper Prince Mines conducted various exploration programs over the property

Tag : chalcopyrite
The Copper Prince property is a Gold-Copper project comprised of acontiguous block of 16 patented mining claims, encompassingapproximately 260 hectares located in Falconbridge Township withinthe greater city of Sudbury, Ontario. The project lies in theHuronian Gold Belt - a zone of past gold producers that extendsfrom NE of the Sudbury Basin to the SW, south of the town ofEspanola, a distance of approximately 120 kilometers (km).
The claims immediately to the north and west of Copper Prince areowned by FNX Mining-Xstrata and are being explored for footwalltype Ni-Cu-PGM deposits. Xstrata is developing their Nickel Rimdeposit further to the north with plans to go into production inthe near future. The Xstrata smelter is located approximately twokm to the north of the Copper Prince boundary. To the immediateeast of the Copper Prince property lies the Falcon Gold Propertywhich is owned by Kinross Gold Corp. The Manchester Offset Dyke (aNi-Cu-PGM deposit) that belongs to Vale/Inco is locatedapproximately 0.5 of a km south of the Copper Prince southernboundary.
Previous Exploration
From 1950 to 1973 Copper Prince Mines conducted various explorationprograms over the property. During 1988-1989, Rainbow ExplorationCorp. purchased the property from Copper Prince Mines, and optionedit to INCO Gold Co. INCO Gold completed magnetic, electromagnetic(VLF and some IP surveys), remapped the geology, collected 594surface samples and drilled 4 holes for 421 metres (m) to testmineralization beneath the original "main" prospecting pit, and in2 other areas.
In the period 1995 to 1997, Rainbow Petroleum Corp. tested theSouth Range Breccia Belt with 27 diamond drill holes for 6,319 mtesting zones with narrow gold copper values at surface. Estimatedexpenditures by INCO Gold and the Rainbow group of companies tothat time were about $750,000.
In 2004, MBMI Resources Inc. drilled 10 shallow diamond drill holesfor a total of 775 m. The assay data received confirms Copper-Goldmineralization within quartz veins which range up to several metersin size concentrations. Two zones containing numerous quartz veinscontaining Chalcopyrite, Pyrite, and Pyrrhotite mineralization wereencountered. One trend is 15 m wide by 50 m long, and open onstrike and at depth. The other trend extends 80 m in length, and upto a half metre in width and is also open on strike and to depth.
ABOUT GARSON GOLD
In addition to the Copper Prince property, Garson Gold also holds a100% interest in both The New Britannia Mine (NBM) Project inManitoba and the McMillan Gold Mine property in Ontario. TheCompany's flagship project is the NBM, which covers approximately4,840 hectares and hosts the historic New Britannia Gold Mine whichoperated from 1949 to 1958 and again from 1995 to 2004 and producedapproximately 1.43 million ounces of gold. The current NationalInstrument 43-101 resource estimate for the NBM property isavailable on Sedar (www.sedar.com) and at www.garsongold.ca. Amodern mill capable of processing 2,150 tonnes/day and ancillarysurface and underground infrastructure facilities have been kept oncare and maintenance since the NBM project was purchased by theCompany in December 2006. A scoping study is currently underway toassess viable start-up and production scenarios with the intent tore-establishing gold production at the NBM Property.
On Behalf of the Board,
David G. Tafel, President and Director
This news release may contain forward looking statements concerningfuture operations of Garson Gold Corp. (the "Company"). All forwardlooking statements concerning the Company's future plans andoperations, including management's assessment of the Company'sproject expectations or beliefs may be subject to certainassumptions, risks and uncertainties beyond the Company's control.Investors are cautioned that any such statements are not guaranteesof future performance and that actual performance and explorationand financial results may differ materially from any estimates orprojections.
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