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http://www.vedron.com/downloads/VG06292006.pdf
NEWS RELEASE
Shares: 70,172,264
VEDRON GOLD INC.
Exploration Drilling Extends Near Surface Gold Mineralization on the Buffalo Ankerite
Property, Timmins, Ontario
FOR IMMEDIATE RELEASE, June 29, 2006, Toronto, Ontario.
Vedron Gold Inc., (TSX-V:VG), (FRANKFURT:VN3), announces drill results from exploration
drilling recently completed in the North Mine area of the Buffalo Ankerite Property. The results
continue to indicate open-pit potential, and continue to expand the near surface gold
mineralization in the North Mine area of the Buffalo Ankerite property. Near surface, wide spread
gold mineralization has now been delineated over a strike length of 650 metres, and the gold zones
remain open at depth and along strike.
Highlights include:
•
VBA06-47 assayed 1.55 grams Au per tonne over 35.7 metres including 3.23 gramsAu over 12.19 metres and 4.99 grams Au over 6.95 metres
•
VBA06-49 assayed 1.31 grams Au per tonne over 38.68 metres including 2.34 gramsAu over 12.86 metres including 3.15 grams Au over 7.19 metres
The program follows up earlier results from the North Mine area, including results released on
April 5, 2006 and December 12, 2005. The drill holes in the south to central part of North Mine
area tested a strike length of 350 metres to a depth of 175 metres. Drilling by Vedron, in the 3
drill programs, has now outlined gold mineralization from 1950 North to 2600 North, a distance of
650 metres. Zones remain open both to the North and south and at depth.
Thirteen drill holes tested north - south trending gold zones that are located in the north area of the
Buffalo Ankerite Mine. The property saw historical production of 1,018,000 gold ounces between
1926 and 1953 (Ontario Ministry of Northern Development and Mines, Buffalo Ankerite &
Ankerite March listings). The property continues to hold significant potential to explore and
develop both surface mineable and deeper, down dip gold mineralization. Records of historic
underground workings and drilling indicate good potential to expand gold mineralization on the
property. Known gold mineralized stratigraphy crosses the property for a strike length of 2,000
metres which is located within the 6,000 metre length of the regional geological structure, known
as the south limb of the Porcupine syncline, which hosts six mines that have produced more than
20 million ounces of gold to date (source: Ontario Ministry of Northern Development and Mines).
The drillholes intersected a number of rock types typical of the Timmins gold camp, including
ultramafic volcanic, porphyry, and mafic volcanic rock, the main host rock of former gold
production at the Buffalo Ankerite and the adjacent Aunor and Dome Mine properties.
Mineralized quartz tourmaline breccia and/or quartz vein system hosted within pervasive sericiteankerite
altered volcanic sequences or mineralized quartz porphyry was intersected in all of the
drillholes. Alteration and mineralization is similar to that found at the Dome and Aunor Mines as
well as the Buffalo Ankerite Mine.
Holes were mostly targeted to test for mineralization at depths of less than 200 metres below
surface.
All holes intersected quartz tourmaline breccia zones in both ultramafic and mafic volcanics. The
zones hosted within the mafic volcanics tended to carry greater sulfide content as well as higher
gold values. Holes were targeted to pass between the levels of the historic mining from the
Buffalo Ankerite mine. Five (5) of the holes were terminated in the historic workings and failed
to pierce the entire zones - holes VBA06-41, 42, 43, 46 and 51. Historic mining appears to have
been concentrated on 1 vertical zone with other gold bearing zones not mined that show consistent
structural continuity. The entire width of the package containing gold bearing quartz tourmaline
zones varies from 15 to 40 metres.
All drill holes intersected auriferous quartz tourmaline zones with the exception of hole 51 which
intersected multiple zones but none were auriferous with the hole terminating in an historic mine
opening prior to intersecting auriferous quartz tourmaline zones.
Hole VBA06-41 was terminated at an historic mine opening but prior to the opening intersected
1
.78 grams Au per tonne over 16.92 metres including 2.94 grams Au per tonne over 6.89metres
.Four holes intersected wide intervals of gold mineralization, ranging from 1.78 grams Au per
tonne over 16.92 metres including 2.94 grams Au per tonne over 6.89 metres (hole 41) to 1.55
grams Au per tonne over 35.7 metres including 3.23 grams Au per tonne over 12.19 metres (hole
47).
The southern and western holes collared into a northwest trending green carbonate horizon with up
to 30% pyrite locally. This is a very favourable host rock for gold mineralization so the last 2
holes of the program, VBA06-52 and 53 were targeted at intersecting this zone. Hole 53
intersected 1.75 grams Au per tonne over 2.59 metres in this geological interval
A complete table of the drill results follows at the end of the press release.
All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for
Vedron Gold, who has reviewed the this press release. Gold analysis of samples collected by
Vedron were assayed by Laboratoire Expert in Rouyn-Noranda, Quebec. Analysis consisted of a
fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 1.0 gram
per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are
analyzed via total metallic assay method. A rigorous Quality Control and Assurance program
(QA/QC) is in place, using control samples such as Blanks and Rocklabs Standards and duplicate
checks. In addition, duplicate analyses of 10% of the samples were corroborated by check assays
on sample performed by Bourlamaque Laboratory of Val D’Or, Quebec.
For further information contact Tom Meredith, President of Vedron Gold, 416 368 0099.
To learn more about Vedron Gold (TSX-V:VG), visit our website: www.vedron.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.
Hole# North East elev (m) Az Dip Depth
(m)
Assays in
grams per tonne / metre
VBA06-41
2,103.1 1,624.6 3,320.8 270 -45 231.0 209.09 - 226.01 1.78 gpt / 16.92mincl 2.94 gpt / 6.89 m
VBA06-42
2,194.6 1,618.5 3,316.2 270 -45 208.0 196.99-204.0 1.31 gpt / 7.01 mVBA06-43
2,316.5 1,371.6 3,322.3 90 -57 137.5 86.47-98.36 0.94 gpt / 6.64 mVBA06-44
2,286.0 1,388.4 3,325.4 90 -49 158.0 77.11-80.16 2.3 gpt / 3.05 m107.26 - 112.32 1.91 gpt / 5.06 m
125.27-128.38 1.54 gpt / 3.11 m
VBA06-45
2,225.0 1,432.6 3,324.8 90 -53 113.0 56.48 - 60.96 1.86 gpt / 4.48 mVBA-05-
02ext
67.36-73.46 1.93 gpt / 6.1 m
incl 6.62 gpt / 1.52 m
VBA06-46
2,072.6 1,414.3 3,327.8 90 -48 203.0 133.05-134.93 4.81 gpt / 1.89 m177.39-199.03 0.75 gpt / 21.64 m
incl 1.21 gpt / 6.1 m
VBA06-47
2,042.2 1,428.0 3,328.4 90 -55 245.0 197.51 - 233.17 1.55 gpt / 35.7 mincl 1.18 gpt / 11.92 m
and 3.23 gpt / 12.19 m
incl 4.99 gpt / 6.95 m
VBA06-48
2,164.1 1,398.4 3,327.5 90 -45 185.0 99.88 - 111.56 1.17 gpt / 11.67 mincl 3.73 gpt / 2.71 m
VBA06-49
2,133.6 1,356.4 3,329.9 90 -45 257.0 205.68 - 255.42 1.31 gpt / 38.68mincl 2.34 gpt / 12.86 m
incl 3.15 gpt / 7.19 m
VBA06-50
2,194.6 1,374.6 3,329.0 90 -45 134.0 131.98 - 134 4.63 gpt / 2.02 mVBA06-51
2,255.5 1,310.6 3,329.0 90 -45 183.2 Hole hits stope - No significantvalues
VBA06-52
1,981.2 1,371.6 3,325.4 90 -45 311.0 292.3 - 294.89 1.75 gpt / 2.59 mVBA06-53
1,975.1 1,376.2 3,331.5 45 -45 194.0 189.68 - 191.11 3.36 gpt / 1.43 mTotal 2559.61
0,235 EUR
+16,92 % [+0,034]
Was geht denn da ab ?? Und eben gerade auf +20% ??
Na da bin ich ja mal gespannt.
ed
Jetzt merken wohl doch einige was hier noch alles passieren kann..
Stay long...
Produktionstart 1.Hj 2007 ;-)
Ha, und was erst, wenn die arbeitende Bevölkerung so 16 - 17 Uhr sieht, wie Vedron abgegangen ist??
Also, eindecken, solange noch unter 0,3 €!
kommen die Holzfaeller mit potenzial hinzu !!!
25 Cent EURO
Rechtschrei bfehler dienen der Belustigung des Lesers
Ich glaub nicht das heute noch der große Run auf Vedron kommt,denn immerhin schicken wir heute die ARGENTINIER aus dem Deutschen Land nach Hause :-)
jeder will das spiel sehen und dabei kann keiner an der Boerse sein....
Trozdem sind 26 cent machbar....und jetzt gehts erst richtig mit vedron los denn es kommen einige Fonds dazu :-)
Mathi
auch wieder schnell deutlich rauf !!!
bis jan 2007 ist noch Zeit, wer mehr wissen will sollte am anfang lesen
und nachdenken, ob gold weitersteigt oder sinkt ?
hier wird prod.kosten unter 300 US $ pro unze gearbeitet
also lasst euch nicht
shorten
argentina wartet
DEUTSCHLAND ole
Rechtschrei bfehler dienen der Belustigung des Lesers
Schön, warten wir die News ab und schwenken in der Zwischenzeit unsere schwarz-rot-goldenen (goldenen?????) Fahnen! Ich höre immer GOLD!
ohne gewähr
Rechtschrei bfehler dienen der Belustigung des Lesers
Vedron ist zumindest derzeit keine "normale" Aktie, bei der das Ziel besteht, höhere Kurse zu sehen...da sitzen die Shorties mit offizieller Unterstützung (!) wie die Schmeissfliegen auf dem Teil, um es nach unten zu bekommen...jetzt wieder mit einem Verkauf bei 6000 Stück mit anderhalb Cent unter dem angegebenen ask...natürlich in Frankfurt...manchmal liegt ask unter(!) dem letzten gehandelten Preis (!)...so einen Irrsinn gibt es (derzeit) nur bei Vedron und in Frankfurt...und so lange sind alle Kursprognosen dumm und überflüssig...man hat heute deutlich gesehen, dass die Aktie auf jeden Fall unter 0,25 Cent gehalten werden soll, das wird auch noch andauern, weil der Kurs durch die dritte Dezimale viel leichter manipulierbat ist...ab 0,25 gibt es diese nicht mehr, da könnte dann leichter Fahrtwind aufkommen...hoffen wir es!