Drift Lake Commences a Three Hole Drill Program on Rossmere Gold Property
February 01, 2010 7:00 AM EST | Source: Drift Lake Resources Inc.
Not for distribution to United States newswire services or in the United States
Drift Lake Resources Inc. (TSX-V: DLA) (the Company) announces that a new drill program on the Rossmere gold property has begun. The drill program will consist of three drill holes totalling approximately 400 metres and is designed to intersect shear zones that are the controlling structures for gold mineralization. Induced Polarization (IP) anomalies reflecting sheared sulphide bearing volcanics are to be tested.
The Rossmere Property is adjacent to Hwy.11 and is 90 km west of Thunder Bay, Ontario. The Bandore gold deposit occurs on adjoining claims to the east. Two sub parallel IP zones are to be tested to north of the Bandore gold deposit. Previous geological mapping has determined that the IP anomalies lie within shallow overburden cover along projected shear structures typical of the geological setting for gold deposits in the area. Gold mineralization has also been encountered in sheared high level intrusive porphyritic rocks intermediately west of the property near Pistol Lake. Previous mapping by the Ontario Geological Survey indicates the porphyry body may extend on to the property and will be the focus of the third drill hole.
The drilling program is being supervised by Robert Middleton, P. Eng., who is the designated qualified person responsible for the preparation of this news release.
About Drift Lake
Drift Lake Resources Inc. is a Toronto based mineral exploration company, currently focused on the exploration for gold on the Rossmere Property in the Thunder Bay Mining Division of Ontario.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this press release.
Certain information regarding Drift Lake Resources Inc. contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Drift Lake Resources Inc. believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Drift Lake Resources Inc. cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Drift Lake Resources Inc. currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
For further information please contact: |
L.M. (Gino) Falzone |
President & CEO |
gfalzone@driftlake.com |
905-773-7526 |