La Ronge Gold Corp.: Corporate and Exploration Update
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/27/12 -- La Ronge Gold Corp. (TSX VENTURE: LAR) (the "Company") is pleased to announce that, as a part of its commitment to developing the La Ronge Gold properties in northern Saskatchewan, the Company has added Raj Anand to the Technical advisory board. Mr. Anand will be in charge of all the Economic and Engineering studies including Preliminary Economic Assessment (Scoping Study), Pre-Feasibility, Feasibility, engineering, procurement, and construction.
Raj Anand has over 30 years of experience in the mining industry and oil and gas industry in North America and overseas. Raj holds a Master's Degree in Structural Engineering from the University of Alberta. He is a registered Profession Engineer and has worked with reputed consulting engineering companies as well as with operating companies. His experience with consulting engineering companies ranges from Bechtel Canada to Dynatec Engineering and Canadian Mine Services. His experience with operating companies ranges from Noranda Group of Mines, Corona Corporation, Homestake Mining, Kensington Resources, and Cumberland Resources to Imperial Metals Corporation, where at the present he is focusing on the development of a major gold and copper mine in northwest British Columbia. Through various positions, he has actively participated in completion of feasibility studies, environmental assessment, permitting, and completion of engineering, procurement, and construction management efforts for the development of several mines in North America, to name a few: Jolu Gold Mine in Saskatchewan, Santa Fe Mine in Nevada, Eskay Creek Mine in BC, Ruby Hill Mine in Nevada, and Meadowbank Mine in Nunavut.
The Company is in the process of updating historical gold deposits in northern Saskatchewan to the 43-101 standards followed by an Economic /scoping study. The Preview SW deposit contains historical resources of 195,912 oz gold grading 12.34 g/t Au at a 7 g/t Au cut-off. The 2012 winter-spring diamond-drill program added total strike extension of 140 m to the mineralization in the Preview SW deposit for the total of 390 m. The deposit remains open along strike and at depth. The southern step out drill hole (PR12-123) hit 6.41 g/t Au over 33.0 m. LAR has opened its exploration camp for the summer exploration program and mobilised its crews to follow up on the southern extension of the deposit. The northern part of the deposit, along with the Wedge Lake Twin-Deposit, will be drilled this winter. Wedge Lake twin deposit has an historical resource of 101,250 oz gold grading 5.14 g/t Au at 1.0 g/t Au cut-off grade. Historical drilling has returned high-grade gold assays over large intervals, e.g. drill hole 81-04 returned 14.23 g/t Au over 26.6m.
"We are very pleased to have Raj on board," commented the Company's President, Rasool Mohammad. "Raj's experience in mine feasibility, engineering, procurement, and construction will add strength to our team."
La Ronge Gold Corp. is a gold exploration company focusing on the exploration of gold projects in Canada. The Company has acquired projects in Saskatchewan with historical resources and is in the process of bringing those historical resources to NI 43-101 standards. The Company also holds other gold projects located in Ontario, Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.
Contacts:
La Ronge Gold Corp.
Rasool Mohammad
President & CEO
(604) 639-4533
(604) 685-3764 (FAX)
www.larongegold.com