Sedex Mining Corp.: Tannahill Gold Project 2010-2011 Drilling Update
06 Abril 2011 - 8:30AM
Marketwired
Sedex Mining Corp. (TSX VENTURE: SDN) -
HIGHLIGHTS
-- The winter 2010-2011 drill program visually indicates all holes
intersected varying degree of mineralization of up to 15m of cored
lengths.
-- Previous drilling returned 5.16 g/t gold over 5.0m and 7.02 g/t gold
over 3.7m in two separate drill holes.
-- Previous drilling has identified two parallel gold-bearing structures -
the Upper and Lower Zones.
-- The Lower Zone traced for 300m of the strike length holds the greatest
exploration potential and resembles Holloway and Gold Corp's Holt-
McDermott style mineralization.
Abitibi Mining Corporation and joint venture partner Sedex
Mining Corp are pleased to announce a diamond drilling progress
report on their Tannahill gold property, which is favourably
situated 16km south of the past producing Holloway and
Holt-McDermott gold mines and can be reached by road from Kirkland
Lake, 35km to the southwest. Abitibi and Sedex are 50/50 partners
and joint venture operators. Please see the location map.
The Tannahill property is underlain by a sequence of
metamorphosed volcanic rocks, which in the southern portion of the
property have been disturbed by a large syenite intrusion.
Emanating from the intrusion and cross-cutting the host volcanic
rocks are a series of radial syenite dykes, which are thought to
have been formed when the syenite was intruded into the volcanic
rocks, fracturing them. The radial fractures would be ideal
passageways for the transportation of gold-bearing hydrothermal
fluids and the deposition of gold mineralization.
Previous drilling has identified two parallel gold-bearing
structures - the Upper and Lower Zones - oriented northeast and
dipping to the north. Please refer to the attached cross section.
The Lower Zone holds the greatest exploration potential and has
been traced for approximately 300 m of strike length and remains
open both along strike and dip of the vein. At depth the zones
widen and grades appear to increase. Two holes below the 75-m level
along 100 m of strike length have excellent widths with high gold
grades (5.16 g/t over 5.0 m in drill hole T-96-9 and 7.02 g/t over
3.7 m in drill hole T-96-15). The drilling appears to substantiate
the hypothesis of gold emplacement along radiating fractures. The
Upper and Lower mineralized zones exhibit similarities with the
style of mineralization in the Holloway and Holt-McDermott
mines.
The winter 2010-2011 drill program consisted of five drill holes
totaling 1380m. The exploration rationale was to extend the plunge
of the high grade intersections contained with the Lower Zone, both
up and down plunge. Three drill-holes were drilled to test the
easterly down-plunge direction and another two drill holes were
designed to infill data in the up-plunge direction. Core logging
indicates all holes intersected varying degrees of mineralization
from 0.5m to 15m of cored lengths.
All drill holes have been logged and selected sections are being
sent for assaying. Assay results will be released as they become
available.
Roger MacDonald (P.Geo) has reviewed this news release.
About the Company
Abitibi Mining is a member of the Hughes Exploration Group of
Companies and is led by a team with a stellar track record of
discovery and development in Canada.
To view the maps associated with this press release, please
click on the following link:
http://media3.marketwire.com/docs/s45.pdf
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Sedex Mining Corp. Kevin Hull or Alan Campbell
Investor Relations (604) 685-222 (604) 685-3764 (FAX)
info@sedexmining.com www.sedexmining.com
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