GFN Announces the Completion of Phase 3 Drill Program at the Golden Rose
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/19/11 -- Gold Finder Explorations Ltd. ('Gold Finder') (TSX VENTURE: GFN) announced today that it has completed its Phase 3 diamond drill program on the Golden Rose Property located 65 km northeast of Sudbury, Ontario.
Two diamond drill holes totalling 625 m have been completed testing a chargeability anomaly identified from a down hole induced polarization survey completed late last year by JVX Ltd.
Diamond drill hole GR11-43 is located 25 m south of GR10-42. It was drilled at an azimuth of 180 degrees and dip of -50 degrees. Diamond drill hole GR11-44 is located 20 m east of GR10-42 and was drilled at an azimuth of 180 degrees and dip of -50 degrees. GR10-42 was previously drilled at an azimuth of 180 degrees and dip of -50 degrees.
Results will be made available once they have been received and approved by GFN's technical staff.
Gold Finder is also pleased to announce that is has acquired through staking an additional strategic claim block consisting of 48 Ha. This claim block covers part of a separate iron formation that is exposed at surface and strikes onto the claims currently held by Gold Finder. A compilation completed earlier by Gold Finder turned up a historical induced polarization survey that identified a strong chargeability and resistivity anomaly thought to represent sulphide mineralization associated with the iron formation. This high priority target is in a new area and does not appear to have been previously drill tested. Field programs are planned to commence immediately to prepare the target for a winter drill program in early 2012 as winter conditions help to access the target.
Joerg Kleinboeck, V.P. Exploration for Gold Finder Explorations, is the designated qualified person responsible for the preparation of this news release. The program will be supervised by Joerg Kleinboeck, who is V.P. Exploration for Gold Finder, and the designated qualified person responsible for the preparation of this news release.
This press release contains certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Contacts:
Gold Finder Explorations Ltd.
David Greenway
CEO, Director
604-689-0896 or Toll Free: 1-800-663-4567
dg@advance1.ca
www.goldfinder.ca