Gammon Gold Inc. announced that the company has discovered three separate drilling prospects at its Venus Project in Chihuahua, Mexico. The company did a geologic mapping of the properties along with geo chemical and rock sampling program at the site.
Gammon Gold Inc. reported that the company obtained 703 rock samples at the La Boleta drilling target, and determined that 171 of the samples contained gold. The La Boleta drilling target is approximately 2,100 meters in length.
At the Santo Nino drilling target, Gammon Gold Inc. obtained 301 rock samples, of which 151 contained gold. The Santo Nino drilling target is approximately 2,400 meters in length.
Gammon Gold Inc. said that company took 49 samples from the Roncesvalle Vein drilling target, and found that 29 contained gold. The Roncesvalle Vein is the smallest of the three drilling targets at 180 meters in length.
Gammon Gold Inc. said that all three drilling sites contained significant gold and silver geochemical anomalies, along with favorable geological features, and appear to be in large enough quantities to be commercially successful. The company plans to obtain a drilling rig and start drilling at the Venus Project during the fourth quarter of 2010.
For more information on the company, go to www.gammongold.com
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