Gammon Gold Announces Significant Drill Results At Ocampo

TORONTO, May 5 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX: GAM and NYSE: GRS): Gammon is pleased to provide an update of drill results from the Ocampo exploration program for the first four months of 2011.  As of April 30, 2011, the Company has completed a total of 56,704 metres of drilling at Ocampo, utilizing twelve drill rigs working on surface and underground.

Ocampo Underground Drilling Highlights

During the first four months of the year the Company has completed 145 core holes for 28,439 metres from underground. The primary focus of the underground drilling is to extend and delineate known resources along 6 vein structures in the Northeast Underground mine, the Level 2 mine and the Santa Eduviges mine.  Highlights of the program are as follows:

Aventurero

  • Drilling highlights include:
    • Hole OU-826, 1.0 metre grading 105.65 grams per tonne gold equivalent(1)
    • Hole OU-859, 7.4 metres grading 11.78 grams per tonne gold equivalent(1)
    • Hole OU-884, 3.3 metres grading 48.11 grams per tonne gold equivalent(1)
    • Hole OU-887, 0.8 metres grading 17.84 grams per tonne gold equivalent(1)

San Amado

  • Drilling highlights include:
    • Hole OU-948, 2.0 metres grading 25.20 grams per tonne gold equivalent(1)
    • Hole OU-1063, 1.3 metres grading 54.88 grams per tonne gold equivalent(1)
    • Hole OU-1064, 0.5 metres grading 35.43 grams per tonne gold equivalent(1)
    • Hole OU-1067, 0.7 metres grading 64.42 grams per tonne gold equivalent(1)

Rosario

  • Drilling highlights include:
    • Hole OU-978, 0.6 metres grading 63.43 grams per tonne gold equivalent(1)
    • Hole OU-901, 3.3 metres grading 6.09 grams per tonne gold equivalent(1)

San Jose

  • Drilling highlights include:
    • Hole OU-1018, 1.3 metres grading 11.69 grams per tonne gold equivalent(1)
    • Hole OU-1023, 0.4 metres grading 42.53 grams per tonne gold equivalent(1)
    • Hole OU-1026, 3.5 metres grading 16.61 grams per tonne gold equivalent(1)

El Rayo

  • Drilling highlight includes:
    • Hole OU-1140, 0.6 metres grading 37.16 grams per tonne gold equivalent(1)

"The underground reserve drilling program has progressed very well in the first four months of 2011 with six active underground drill rigs." said Chris Bostwick, Senior Vice President, Technical Services. He continued, "We are particularly pleased with the bonanza style grades encountered at Aventurero and San Amado and note these two veins are already the largest in terms of ounces and strike length within the Northeast system of veins. Drilling at Santa Eduviges continues to produce results in line with reserve grades and ore vein thicknesses and we have just begun an underground follow-up program at El Rayo based on the successes of the surface drilling program there."

Ocampo Surface Drilling Highlights

During the first four months of the year the Company has completed 196 core holes for 28,265 metres on surface.  This work has been focused on five close-in targets where reserves were defined in late 2010 but remain open to expansion.  The work has proven very positive in that both high grades suitable for underground mining as well mineralization in configurations possible for open pit extraction, have been discovered.  Highlights of the program are as follow:

Altagracia

  • Drilling highlights include:
    • Hole OG-1269, 5.1 metres grading 14.45 grams per tonne gold equivalent(1)
    • Hole OG-1243, 0.5 metre grading 6.10 grams per tonne gold equivalent(1)

Aventurero

  • Drilling highlights include:
    • Hole OG-1273, 2.4 metres grading 7.46 grams per tonne gold equivalent(1)
    • Hole OG-1290, 0.9 metres grading 15.34 grams per tonne gold equivalent(1)

Belen Upper

  • Drilling highlights include:
    • Hole OG-1285, 24.0 metres grading 2.76 grams per tonne gold equivalent(1)
    • Hole OG-1291, 10.7 metres grading 2.66 grams per tonne gold equivalent(1)
    • Hole OG-1272A, 32.6 metres grading 1.56 grams per tonne gold equivalent(1)
    • Hole OG-1307, 6.7 metres grading 9.10 grams per tonne gold equivalent(1)

El Rayo

  • Drilling highlights include:
    •      Hole OG-1323, 0.5 metres grading 98.71 grams per tonne gold equivalent(1)
    •      Hole OG-1331, 1.8 metres grading 42.74 grams per tonne gold equivalent(1)

Jesus Maria

  • Drilling highlights include:
    • Hole OG-1282, 3.1 metres grading 10.99 grams per tonne gold equivalent(1)
    • Hole OG-1305, 1.7 metres grading 7.90 grams per tonne gold equivalent(1)

"The surface exploration program continues to deliver excellent results at Ocampo. The results from the Altagracia vein have successfully delineated both high-grade ores as well as thick zones of mineralization that will be considered for potential open pit exploitation once the drilling is completed." stated Peter Drobeck, Senior Vice President of Exploration and Business Development.  He continued, "Results from the Belen Upper vein have also discovered some very high grades as well as thick zones of mineralization, and results from El Rayo have shown some of the highest grades on the property for the year.  The Company intends to continue drilling these and several new exploration targets during the second quarter of 2011."

Note:  1) All gold equivalent grades are calculated at the Company's long term ratio of 55:1.

This press release sets out the gold and silver grades found in the samples taken from various targets.  Not all of these targets have been categorized as a mineral resource deposit under applicable Canadian mineral resource reporting standards, and it is uncertain if further exploration will result in these targets being delineated as mineral resources.  The grades encountered so far should not be taken as representative of the ore bodies in question as there has been insufficient exploration to define a mineral resource, and such grades may not prove representative of the deposits if and when the same are delineated as mineral resources.

About Gammon Gold
Gammon Gold Inc. is a publicly traded mid-tier gold and silver producer engaged in the mining, development, exploration and acquisition of resource properties in North America. The Company owns and operates three producing mines in Mexico, the Ocampo mine in Chihuahua State, the El Chanate project in Sonora State, and the El Cubo mine in Guanajuato State. Gammon Gold also owns the Guadalupe y Calvo advanced exploration property in Chihuahua State and the Orion advanced exploration property in the State of Nayarit, and has six exploration properties in various states throughout Mexico. Gammon's executive office is located in Toronto, Ontario Canada.

Cautionary Statement

Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. This press release uses certain terms, such as "measured," "indicated," and "inferred" "resources" that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in Gammon Gold's Annual Report on Form 40-F, which may be secured from Gammon Gold, or from the SEC's website at http://www.sec.gov/edgar.shtml.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Certain statements included herein, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words ''believe'', ''expect'', ''anticipate'', ''target'', ''continue'', ''estimate'', ''may'', and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding the grades of additional underground and surface drilling programs at Ocampo, the ability to delineate additional resources or reserves as a result, the suitability of targets for future underground or open pit mining at Ocampo, statements regarding anticipated future financial and operational performance, the future price of gold and silver, the timing of re-commissioning and re-commencement of production at El Cubo, the de-risking of operations, future exploration results of its exploration and development program at Ocampo, the Company's ability to delineate additional resources and reserves as a result of such program, and the company's ability to mine such targets by mid-2011, statements regarding its financial exposure to litigation, targets, estimates and assumptions in respect of gold and silver production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future financial or operating performance, margins, operating and exploration expenditures, costs and timing of completion of the Ocampo expansion program and improvements to the heap leach pad, costs and timing of the development and commencement of production of new deposits, costs and timing of construction, costs and timing of future exploration and reclamation expenses including, anticipated 2011 results, operating performance projections for 2011, our ability to fully fund our business model internally, 2011 gold and silver production and the cash and operating costs associated therewith, the ability to achieve productivity and operational efficiencies, and the timing of each thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

###

Table 1: Significant New Ocampo Underground Drilling Results, 2011
(above 2.00 grams per tonne gold equivalent)

Drill
Hole
From
(m)
To
(m)
Length
(m)
Gold
(gpt)
Silver
(gpt)
AuEq55
(gpt)
Vein
OU-0884         166.5    167.1        0.6            1.83          259            6.54 Aventurero
OU-0884         233.5    236.8        3.3          10.04       2,094          48.11 Aventurero
Including         234.0    234.5        0.5           9.01      1,330          33.19 Aventurero
Including         235.1    236.0        0.8         27.80      6,420        144.53 Aventurero
OU-0884         238.1    238.6        0.5            1.05          146            3.71 Aventurero
OU-0884         241.3    242.0        0.7            0.89          119            3.05 Aventurero
OU-0885           32.5      32.9        0.4            3.87            71            5.17 Aventurero
OU-0885         170.9    172.0        1.2            2.51          307            8.09 Aventurero
OU-0887         194.7    195.5        0.8          16.50            74          17.84 Aventurero
OU-0887         236.4    236.8        0.4          14.30            63          15.44 Aventurero
OU-0887         252.0    255.0        3.0            1.59            55            2.60 Aventurero
OU-0887         272.0    272.5        0.5            0.82            83            2.33 Aventurero
OU-0889         184.6    185.3        0.7            0.56            80            2.02 Aventurero
OU-0889         186.0    186.5        0.5            0.42            90            2.05 Aventurero
OU-0889         200.2    201.3        1.1            1.32          138            3.83 Aventurero
OU-0889         208.3    209.3        1.0          30.50       4,133        105.65 Aventurero
OU-0891           16.3      17.1        0.8            1.12          120            3.30 Aventurero
OU-0891           94.6      95.5        0.9            1.28            71            2.58 Aventurero
OU-0895         168.4    168.9        0.5            0.58          237            4.89 Aventurero
OU-0895         174.9    182.3        7.4            2.48          511          11.78 Aventurero
OU-1070         118.3    119.2        0.9            1.73            44            2.53 Aventurero
OU-1071         113.3    114.2        0.9            0.45            98            2.23 Aventurero
OU-1073         105.0    105.8        0.8            2.01          364            8.63 Aventurero
OU-1074         126.0    126.5        0.5            4.75          830          19.84 Aventurero
OU-1075         232.4    233.4        0.9            0.94            73            2.27 Aventurero
OU-1076         244.0    244.4        0.5            1.23          165            4.23 Aventurero
OU-0892           23.8      24.6        0.9            4.35          350          10.71 Rosario
OU-0975           34.6      35.2        0.6            1.89            12            2.11 Rosario
OU-0976         295.2    296.2        1.0            0.98          101            2.82 Rosario
OU-0978           15.5      16.1        0.6          61.30          117          63.43 Rosario
OU-0978         128.9    129.6        0.7            1.99            15            2.26 Rosario
OU-0982         139.2    139.6        0.4            2.08          206            5.83 Rosario
OU-0992         133.0    135.0        2.0            2.95          199            6.58 Rosario
OU-1027             5.8        6.5        0.7            2.08            73            3.41 Rosario
OU-1027             7.6        8.3        0.6            1.28            61            2.39 Rosario
OU-1027         120.6    123.9        3.3            2.05          222            6.09 Rosario
Including         121.9    122.4        0.5           7.40         677          19.71 Rosario
OU-1028         269.5    269.9        0.4            1.05          113            3.11 Rosario
OU-1015         119.1    120.1        1.1            0.79            82            2.28 San Jose
OU-1016         136.9    137.8        1.0            2.61            21            2.99 San Jose
OU-1017         102.6    104.7        2.1            1.11            91            2.76 San Jose
OU-1017         107.8    109.0        1.3            6.45          119            8.61 San Jose
OU-1018         129.9    131.1        1.3            4.70          384          11.69 San Jose
OU-1018         134.6    135.5        0.8            0.05          116            2.16 San Jose
OU-1021         123.0    123.4        0.4          12.75              7          12.88 San Jose
OU-1022         107.2    108.0        0.8            0.09          261            4.84 San Jose
OU-1023           78.9      79.3        0.4          39.80          150          42.53 San Jose
OU-1023         127.0    127.5        0.5            0.39          336            6.50 San Jose
OU-1024           48.6      49.6        0.9            1.29            76            2.68 San Jose
OU-1024         119.4    121.3        1.8            3.12          304            8.66 San Jose
OU-1025           83.5      83.9        0.5            5.54          167            8.58 San Jose
OU-1025         115.6    116.6        1.0            0.09          189            3.53 San Jose
OU-1026             9.0        9.5        0.4            4.09          145            6.73 San Jose
OU-1026         136.1    137.0        0.8            1.30            44            2.10 San Jose
OU-1026         139.5    143.0        3.5            5.14          631          16.61 San Jose
Including         141.0    143.0        2.0           6.23         908          22.74 San Jose
OU-1094         110.4    111.9        1.4            1.46          190            4.92 San Jose
OU-1094         114.1    114.9        0.9            0.46            97            2.22 San Jose
OU-0826         276.7    277.9        1.2            4.36            15            4.64 Santa Eduviges
OU-1030         269.3    272.1        2.9            1.35            50            2.27 Santa Eduviges
OU-1033         169.5    171.7        2.2            4.80          171            7.92 Santa Eduviges
OU-1033         180.8    182.1        1.3            0.95            67            2.17 Santa Eduviges
OU-1034         229.6    230.3        0.8            2.10              1            2.12 Santa Eduviges
OU-1035         180.0    181.3        1.3            6.42            23            6.85 Santa Eduviges
OU-1035         187.1    188.5        1.4            3.39            14            3.65 Santa Eduviges
OU-0948         179.1    181.1        2.0          20.77          244          25.20 San Amado
Including         179.1    179.8        0.7         57.90         598          68.77 San Amado
OU-0951         160.5    162.0        1.6            4.00            24            4.43 San Amado
OU-1052         189.3    189.8        0.5            5.03          266            9.87 San Amado
OU-1055           72.3      73.1        0.8            3.09              1            3.10 San Amado
OU-1056         150.0    150.8        0.9            3.52              4            3.59 San Amado
OU-1056         156.4    157.4        1.0            5.13            97            6.90 San Amado
OU-1057         194.9    195.4        0.4            5.77            67            6.98 San Amado
OU-1063         151.9    153.2        1.3          41.71          724          54.88 San Amado
OU-1064         162.4    162.8        0.5          34.20            68          35.43 San Amado
OU-1067         191.3    192.0        0.7          51.20          727          64.42 San Amado
OU-1089         183.2    183.6        0.4            1.91              9            2.08 El Rayo
OU-1090         160.3    160.8        0.4            2.08              5            2.17 El Rayo
OU-1092         150.6    151.0        0.4            2.21              3            2.27 El Rayo
OU-1093         147.7    148.3        0.6            3.78              3            3.84 El Rayo
OU-1140         196.7    197.3        0.6          19.10          993          37.16 El Rayo
OU-1141         146.3    147.1        0.8            5.15            38            5.84 El Rayo
OU-1150         229.7    230.2        0.5            4.44            13            4.67 El Rayo

Note:  The Ocampo underground exploration information has been reviewed by Qualified Person, Mr. Ian Hardesty. All gold sample analyses for Ocampo were performed by Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures, with an AA finish. Silver is analyzed using a four-acid digestion with ICP finish, and fire assays for samples over 100 grams per tonne silver. The Company maintains a Quality Assurance - Quality Control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC engineer to monitor results. Sample lengths are not necessarily true widths.

Table 2:  Significant New Ocampo Surface Drilling Results, 2011
(Above 0.30 grams per tonne gold equivalent)

Drill
Hole
From
(m)
To 
(m)
Length 
(m)
Gold 
(gpt)
Silver 
(gpt)
AuEq55 
(gpt)
Vein
OG-1263 50.1 50.6 0.5 4.36 0 4.36 Altagracia Bajo
OG-1263 62.2 95.0 32.9 0.25 13 0.48 Altagracia Bajo
Including 71.7 75.5 3.8 1.17 85 2.71 Altagracia Bajo
OG-1269 57.2 61.6 4.4 0.38 36 1.04 Altagracia Bajo
OG-1269 80.4 90.0 9.6 2.97 281 8.08 Altagracia Bajo
Including 82.9 88.0 5.1 5.28 504 14.45 Altagracia Bajo
OG-1248 73.2 73.8 0.6 1.07 82 2.56 Altagracia Lower
OG-1231 28.5 33.0 4.5 0.20 11 0.40 Altagracia Mina
OG-1231 74.2 75.2 1.0 1.67 15 1.94 Altagracia Mina
OG-1235 85.3 87.0 1.7 2.73 18 3.05 Altagracia Mina
OG-1243 30.3 30.8 0.5 2.05 7 2.18 Altagracia Mina
OG-1243 37.0 37.5 0.5 5.94 9 6.10 Altagracia Mina
OG-1243 42.4 42.9 0.6 1.56 5 1.65 Altagracia Mina
OG-1243 60.3 72.0 11.7 0.59 14 0.84 Altagracia Mina
Including 65.0 66.7 1.7 3.36 52 4.30 Altagracia Mina
OG-1260 102.6 131.2 28.6 0.49 24 0.93 Altagracia Mina
Including 110.0 114.0 4.0 1.29 41 2.04 Altagracia Mina
OG-1260 144.0 150.0 6.1 0.13 12 0.35 Altagracia Mina
OG-1264 13.8 14.3 0.5 2.55 9 2.71 Aventurero Nivel 2
OG-1264 28.0 28.5 0.5 0.95 33 1.55 Aventurero Nivel 2
OG-1273 30.8 34.7 3.9 1.19 7 1.32 Aventurero Nivel 2
OG-1273 38.5 62.4 23.9 1.03 35 1.67 Aventurero Nivel 2
Including 40.8 43.2 2.4 5.83 89 7.46 Aventurero Nivel 2
OG-1273 61.4 62.4 1.1 1.96 115 4.05 Aventurero Nivel 2
OG-1277 42.0 50.5 8.5 0.27 0 0.28 Aventurero Nivel 2
OG-1277 56.1 56.7 0.6 1.32 7 1.44 Aventurero Nivel 2
OG-1277 79.8 80.3 0.5 5.96 173 9.11 Aventurero Nivel 2
OG-1283 49.0 70.8 21.8 0.59 21 0.96 Aventurero Nivel 2
Including 54.3 57.4 3.1 1.96 36 2.61 Aventurero Nivel 2
OG-1290 81.9 82.8 0.9 14.90 24 15.34 Aventurero Nivel 2
OG-1310 129.7 130.6 0.9 5.28 128 7.61 Aventurero Nivel 2
OG-1310 152.4 153.3 0.9 0.33 122 2.55 Aventurero Nivel 2
OG-1319 139.0 139.5 0.5 7.78 43 8.55 Aventurero Nivel 2
OG-1321 139.3 150.5 11.2 0.54 28 1.06 Aventurero Nivel 2
Including 139.9 141.7 1.8 1.77 83 3.28 Aventurero Nivel 2
OG-1238 35.5 36.0 0.5 0.25 39 0.96 Aventurero SE
OG-1318 34.4 35.4 1.0 1.12 44 1.92 Aventurero-SM
OG-1325 51.9 62.0 10.2 0.38 16 0.67 Aventurero-SM
OG-1240 21.2 23.0 1.8 1.24 25 1.69 Belen Alto
OG-1240 35.8 36.4 0.6 0.86 66 2.06 Belen Alto
OG-1240 45.3 63.3 18.0 0.35 35 0.99 Belen Alto
Including 56.6 58.2 1.7 1.03 139 3.55 Belen Alto
OG-1262 9.6 10.1 0.5 1.56 10 1.74 Belen Alto
OG-1262 14.1 15.0 0.9 0.10 84 1.63 Belen Alto
OG-1262 42.7 47.4 4.7 0.08 22 0.47 Belen Alto
OG-1262 56.1 65.3 9.2 0.53 31 1.09 Belen Alto
Including 56.6 57.1 0.5 1.75 32 2.32 Belen Alto
Including 64.7 65.3 0.6 0.20 169 3.27 Belen Alto
OG-1285 67.1 68.2 1.1 0.29 34 0.90 Belen Alto
OG-1285 76.9 100.9 24.0 1.36 77 2.76 Belen Alto
Including 77.9 78.5 0.6 5.89 239 10.24 Belen Alto
Including 85.8 87.0 1.2 6.14 300 11.59 Belen Alto
Including 95.0 101.5 6.5 2.40 138 4.91 Belen Alto
OG-1285 106.8 107.6 0.9 0.75 27 1.24 Belen Alto
OG-1285 114.2 114.7 0.5 1.63 35 2.27 Belen Alto
OG-1291 32.5 43.2 10.7 1.36 72 2.66 Belen Alto
Including 37.2 40.8 3.6 3.41 179 6.67 Belen Alto
OG-1291 50.3 51.5 1.2 0.49 40 1.22 Belen Alto
OG-1293 89.1 103.7 14.6 0.64 42 1.41 Belen Alto
Including 89.1 89.6 0.5 2.81 67 4.02 Belen Alto
Including 96.1 97.6 1.5 2.51 36 3.16 Belen Alto
OG-1296 24.8 25.5 0.6 2.45 99 4.25 Belen Alto
OG-1296 41.7 42.3 0.6 2.13 93 3.82 Belen Alto
OG-1266 70.5 73.8 3.3 1.50 144 4.11 Belen Bajo
OG-1266 73.8 102.0 28.2 0.52 19 0.85 Belen Bajo
Including 85.8 87.0 1.2 7.13 6 7.24 Belen Bajo
OG-1272A 68.4 101.0 32.6 0.27 71 1.56 Belen Bajo
Including 73.9 74.6 0.7 0.00 301 5.47 Belen Bajo
Including 82.6 83.3 0.7 0.19 232 4.41 Belen Bajo
Including 92.9 95.1 2.2 1.62 543 11.50 Belen Bajo
OG-1295 45.0 54.4 9.5 0.66 37 1.34 Belen Bajo
Including 50.5 51.2 0.6 5.55 217 9.50 Belen Bajo
OG-1295 59.0 63.0 4.0 0.43 24 0.86 Belen Bajo
OG-1299 105.5 132.9 27.4 0.36 40 1.08 Belen Bajo
Including 110.3 112.6 2.3 4.01 93 5.69 Belen Bajo
OG-1307 66.0 89.0 23.0 0.94 115 3.03 Belen Bajo
Including 80.3 87.0 6.7 2.75 349 9.10 Belen Bajo
OG-1315 70.5 71.9 1.5 0.39 32 0.97 Belen Bajo
OG-1315 87.2 116.9 29.7 0.14 59 1.21 Belen Bajo
OG-1297 252.0 252.6 0.6 0.92 16 1.21 Cizalla Aventurero
OG-1297 270.9 273.4 2.5 2.85 68 4.09 Cizalla Aventurero
OG-1304 40.1 42.2 2.2 4.05 77 5.46 Cizalla Aventurero
OG-1304 174.8 176.2 1.3 3.93 11 4.13 Cizalla Aventurero
OG-1225 58.6 66.0 7.4 0.07 7 0.21 Cubiro
OG-1225 66.0 71.6 5.7 1.24 26 1.72 Cubiro
Including 67.6 70.1 2.5 1.65 32 2.22 Cubiro
OG-1236 35.8 36.9 1.1 0.35 56 1.36 El Rayo
OG-1323 34.8 35.3 0.5 61.80 2030 98.71 El Rayo
OG-1323 35.3 35.8 0.5 0.26 20 0.61 El Rayo
OG-1323 48.8 49.9 1.1 3.70 8 3.84 El Rayo
OG-1324 27.3 28.0 0.6 8.33 7 8.46 El Rayo
OG-1324 29.0 29.5 0.5 0.67 48 1.53 El Rayo
OG-1324 29.5 30.0 0.5 6.74 338 12.89 El Rayo
OG-1331 96.7 97.2 0.5 1.50 71 2.79 El Rayo
OG-1331 98.5 100.3 1.8 18.63 1326 42.74 El Rayo
OG-1331 104.5 105.0 0.5 1.38 38 2.08 El Rayo
OG-1331 105.8 106.3 0.5 2.03 4 2.10 El Rayo
OG-1265 65.5 67.2 1.7 1.01 25 1.46 Jesus Maria
OG-1265 72.9 85.4 12.6 0.61 23 1.03 Jesus Maria
Including 76.3 78.0 1.7 2.57 72 3.87 Jesus Maria
OG-1274 75.2 75.7 0.5 2.03 21 2.41 Jesus Maria
OG-1274 105.1 123.7 18.6 0.63 7 0.77 Jesus Maria
Including 120.0 123.7 3.7 1.68 35 2.32 Jesus Maria
OG-1282 71.4 74.5 3.2 1.52 0 1.52 Jesus Maria
OG-1282 99.0 117.0 18.0 2.26 41 3.01 Jesus Maria
Including 106.8 109.8 3.1 8.77 122 10.99 Jesus Maria
Including 116.4 117.0 0.7 3.08 18 3.41 Jesus Maria
OG-1292 21.2 24.0 2.9 2.20 68.1 3.40 Jesus Maria
OG-1292 86.6 87.1 0.5 3.58 104 5.47 Jesus Maria
OG-1292 99.7 101.2 1.5 1.48 30 2.03 Jesus Maria
OG-1305 53.2 53.8 0.6 2.01 0 2.01 Jesus Maria
OG-1305 64.1 65.5 1.5 2.07 0 2.07 Jesus Maria
OG-1305 93.1 94.8 1.7 6.32 87 7.90 Jesus Maria
OG-1309 17.3 18.1 0.8 6.89 23 7.31 Jesus Maria
OG-1309 80.7 81.7 1.0 1.10 16 1.39 Jesus Maria
OG-1304 40.1 42.2 2.2 4.10 77.0 5.50 Maria-Molinas SW
OG-1304 174.8 176.2 1.3 3.90 11.0 4.10 Maria-Molinas SW
OG-1311 294.5 295.1 0.6 3.59 44 4.39 Maria-Molinas SW
OG-1300 129.5 130.0 0.6 0.76 58 1.82 Picacho
OG-1300 132.1 132.8 0.7 0.54 54 1.52 Picacho
OG-1313 21.5 35.4 13.9 0.47 21 0.85 Picacho
Including 32.8 33.7 0.9 2.60 123.0 4.80 Picacho
OG-1313 32.8 33.7 0.9 2.55 123 4.79 Picacho
OG-1313 115.1 117.4 2.3 0.39 51 1.33 Picacho
OG-1288 212.3 213.6 1.4 1.72 268 6.59 Santa Juliana
OG-1220 83.5 91.3 7.9 0.50 31.2 1.10 Santa Librada
OG-1237 45.0 46.0 1.0 8.47 63 9.62 Santa Librada
OG-1242 40.4 59.6 19.3 0.00 23.8 0.50 Santa Librada

Note:  The Ocampo surface exploration information has been reviewed by Qualified Person, Mr. Peter Drobeck. All gold sample analyses for Ocampo were performed by ALS-Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures with an AA finish. Silver is analyzed using a four-acid digestion with ICP finish, and fire assays for samples over 100 grams per tonne silver. The Company maintains a Quality Assurance - Quality Control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC engineer to monitor results. Sample lengths are not necessarily true widths.

 

SOURCE GAMMON GOLD INC.

For further information:

For further information please visit the Gammon gold website at www.gammongold.com or contact:

Peter Drobeck
Sr. VP Exploration & Business Development
Gammon Gold Inc.
647-260-8880
Anne Day
Director of Investor Relations
Gammon Gold Inc.
647-260-8880

 

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GAMMON GOLD INC.

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