Mar 5 2011
Dawson Gold Corp. (TSX VENTURE:DYU) announces the completion of its winter staking program in the Yukon Territory.
A total of 488 quartz mining claims (~9,900 hectares) of prospective gold exploration ground were staked, expanding the Toro Project and targeting two new properties (the Nansen Ace and King-Kong Projects) during the February 2011 staking program.
The Toro Gold Project in the White Gold District was expanded by 32 claims based on positive gold-in-soils geochemical results from the Company's 2010 soil sampling program at the Ridge Zone. The new claims are at the western edge of the property and lie along strike with the two strongly anomalous goldzones outlined in Zones 6 and 4 (See Company news release dated January 26, 2011).
The Nansen Ace Claims have been staked in the Mt. Nansen District, for a total of 228 claims constituting more than 4,500 hectares. The Nansen Ace Property lies approximately 60 km south of the Toro Project and was staked to cover prospective gold exploration ground along structural strike and 7.5 km to the northeast of the former Mt. Nansen Mine which hosted historical resources of 254,251 tonnes grading over 12.5 g/t Au and 270 g/t Ag.
The King-Kong Project has two distinct claim blocks totalling 228 claims in the Mt Skukum/Wheaton River area. The King claims (King Project) comprise 104 claims totalling 2,268 hectares and include prospective mineralized vein systems which have been previously assayed at 62.1 g/t Au (Source: Yukon MINFILE#105D 173). The King Project lies along the western flank of the Bennett Lake Volcanic complex, a huge Eocene caldera structure formed at the margin of the Coast Plutonic Complex. The Kong claims (Kong Project) consist of 124 full and partial Quartz Mining claims covering 2,470 hectares immediately south of the Tagish Lake Gold property of New Pacific Metals Corp. which hosts a measured and indicated resource of greater than 1.5 million tonnes averaging 7.8 g/t Au and 130 g/t Ag. A float sample which assayed over 5% Cu and a 1km by 800 m gold-in-soils geochemical anomaly were identified on the property in the late 1980s by workers for Skukum Gold Inc. Additionally, high-grade gold in quartz has been reported from the area now covered by the Kong Project (Source: Yukon MINFILE#105D 190). The soil anomaly has not received any follow-up attention and remains open in all directions. Neither the King, nor the Kong Property have previously been drilled.
Dawson intends to conduct detailed exploration programs on these newly acquired targets, in addition to further exploration at the Toro Project, beginning in the spring of 2011.
Paul. D. Gray, Dawson Gold CEO, commented: "The 2010 Toro Project soil geochemical programs outlined areas of high-priority gold anomalies which will be the primary focus of the 2011 exploration season. To capitalize on the identification of these targets, the Toro Extension staking was conducted ensuring more complete coverage of these anomalies on strike extension. Additionally, the Company has expanded its presence in the Territory by acquiring a swath of highly prospective gold exploration ground in the Mt. Nansen area. These newly acquired targets will be the subject of 2011 mineral exploration work supported by the Toro Project exploration team and camp and highlight the Company's commitment to expanding its presence as a leader in exploration in the quickly developing Yukon gold story."
The 2010 Toro Project work program was conducted under the supervision of Dawson Gold President Michael Collins, P.Geo, a qualified person under NI 43-101, who has read and approved the content of this news release.