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PC Gold Opens Up Pickle Crow With Discovery of Gold in Confederation Rocks; Drills Thick Temiskaming-Like Conglomerate Sequence | | | | Ottawa, Ontario – August 10, 2009 - PC Gold Inc. Inc. (TSX: PKL) (“PC Gold” or the “Company”) is pleased to announce that an initial drill test of targets associated with the contact of the Pickle Crow and Confederation Assemblages (“the contact”) has been completed, resulting in the key discoveries noted below. These discoveries significantly enhance the Pickle Crow Gold Mine Property beyond the already considerable merits (i.e. substantial remaining non-NI 43-101 compliant historical resources plus deep potential beneath the mine) that were known at the time of the Company’s Initial Public Offering in May, 2008. In light of these encouraging early results, a program of approximately 70 kilometres of line cutting is now well underway in preparation for an induced polarization (IP) and magnetic survey to be carried out later this summer over the mostly swamp-covered area of the Pickle Crow-Confederation contact. Its goal will be to identify disseminated sulphide and other targets additional to those already tested. Drilling is in the meantime continuing on the Albany Shaft portion of the Property with a single drill which has cut visually encouraging intersections which will be detailed upon receipt of assays in an upcoming news release. In addition, deep drilling will commence in the near future with a series of holes designed to test the down plunge extension of the high-grade veins and iron formation hosted gold beneath the historical mine workings to an initial vertical depth of approximately 1,500 metres and ultimately to 2,500 metres... For a full pdf copy of press release please click here. | | |
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