KIRKLAND LAKE, ON,
Upon confirmation of the option termination,
Summer - Fall Diamond Drill Program
Under the amended terms of the option agreement with Goldcorp, a four hole, 1,796 m diamond drill program was completed on the Lebel gold property in
Drill hole LB09-49 returned up to 2.19 grams gold per tonne (g/t) over 5.15 m within a wider interval of 9.4 m grading 1.40 g/t. This intersection is located 200 m below chip samples in a 400 ft (122 m) level cross-cut at the
Drill hole LB09-50 returned 1.12 g/t over 5.1 m and 1.91g/t over 2.05 m. Drill hole LB09-51 returned 0.92 g/t over 8.6 m on a porphyry-basic syenite contact, 300 m from the nearest drill hole, that intersected 11.2 g/t over 0.5 m and 5.3 g/t over 0.65 m in the previous drill program. Drill hole LB09-52 returned multiple gold anomalous zones, including 0.29 g/t over 49.05 m. Due to the presence of multiple zones, true widths for this program are unknown at this time.
The drill program was managed by Vault on Goldcorp's behalf. The Kirkland Lake gold camp continues to attract considerable attention with recent drill successes by Kirkland Lake Gold Inc. and Queenston Mining Inc. to the west and east of the Lebel gold property which hosts the past-producing Bidgood Mine that has produced 165,000 oz gold at a recovered grade of 0.27 oz/t.
Qualified Person
The technical content of this press release has been reviewed and approved for disclosure by
About Vault
Vault Minerals Inc. is a Canadian junior gold exploration company active in the world-renowned Kirkland Lake gold camp of northern Ontario. The Company's capital consists of 38,104,543 issued and outstanding common shares which are listed for trading on the TSX Venture Exchange under the symbol 'VMI'. For further information, please contact
On behalf of the Board of VAULT MINERALS INC. signed "Joseph D. Horne" -------------------------------- Joseph D. Horne, President & CEO
This Press Release may contain forward-looking statements that involve inherent risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations, and the Company disclaims any obligation to update these forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: For further information: please contact Joe Horne, President at (902) 402-8266 or visit www.vaultminerals.com
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