TORONTO, Feb. 24 /CNW/ - BRYN Resources Inc. (Pinksheets: BRYN)
(Pinksheets: BRYN.PK) is pleased to announce recent released information on
exceptional drill results on the Long Canyon gold exploration project by
Fronteer Development Group and AuEx Ventures Inc. BRYN previously reported the
acquisition of an undivided 50% interest in a number of mineral lease claims
adjoining these properties held by Fronteer and AuEx Ventures in this newly
discovered 'Long Canyon Gold Trend' located in east central Nevada.
From the Fronteer and AuEx Ventures web sites as follows:
"The discovery, located 6.5 km (4 miles) south of the I-80 Freeway
corridor in northeastern Nevada, is a deposit in an area far from the
established gold trends. Long Canyon shares several characteristics with
Carlin-type gold deposits."
"Characteristics of Long Canyon unusual among Carlin-type gold deposits
include: gold grains in calcite veins; common association of hematite with
gold mineralization; and, the property's general location outside known gold
deposit trends. An initial joint venture project budget for Long Canyon of
approximately US$3.9 million will see activities through to March 2009."
"...new drill results continue to intersect wide intervals of
near-surface, high-grade, oxide gold mineralization at its 51%-owned and
operated Long Canyon project in Nevada. Long Canyon is emerging as a
high-quality gold deposit. Mineralization has been intersected over a 1.7
kilometer (1.1 mile) long strike length and across multiple zones that are
collectively up to 400 meters in width. Mineralization remains open in all
directions - including at depth. "
"Drill results continue to demonstrate encouraging consistency and
continuity of grade. Highlights from the newly defined Shadow Zone include:
- 5.32 grams per tonne gold (0.155 ounces per ton) over 25.4 meters,
including 15.29 g/t (0.446 oz/ton) over 7.6 meters, in LC160C; and
- 4.04 g/t (0.118 oz/ton) over 9.1 meters, including 7.49 g/t over 1.5
meters in LC176.
- Drill highlights from the Northeast Zone include:
- 9.15 g/t (0.267 oz/ton) over 14.7 meters, including 17.78 g/t
(0.519 oz/ton) over 4.6 meters, in LC161C; and
- 4.02 g/t (0.117 oz/ton) over 16.8 meters, including 40.53 g/t
(1.183 oz/ton) over 0.5 meters, in LC139C.
A project-first, independent National Instrument 43-101 resource estimate
is planned for Q1 2009. Approximately 24,700 meters in 164 holes were drilled
in 2008, with assays from approximately 25 holes still pending. To date,
approximately 220 holes (30,000 meters) have tested the deposit."
"These results continue to demonstrate the size potential and continuity
of the Long Canyon gold system. Mineralization continues to be oxidized,
shallow and is still open. The 2009 drilling program will start with numerous
mineralized holes to offset, initial drilling of the large southwest extension
of the original soil anomaly and of course, extension drilling to the
northeast. Several new exploration targets outside of these will be drill
tested as well".
A detailed discussion of all drill results can be found on the Fronteer
and AuEx Ventures web sites.
BRYN Resources Inc is positioned very well with the acquisition of the
company's interests here in this newly discovered 'Long Canyon Gold Trend' of
For more information on Bryn Resources Inc, please visit
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, new
products and technological changes, the Company's dependence on third-party
suppliers, and other risks detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission.
For further information:
For further information: Bryn Resources Inc, Paul Diana, (416) 347-6548