Nov 19 2010
Pediment Gold Corp. (TSX:PEZ)(OTCBB:PEZGF)(FRANKFURT:P5E) has announced the results of additional 28 drill holes at the San Antonio Gold Project in Baja Sur, Mexico.
MAIN ZONE DRILL RESULTS
Within the Los Planes/Main Zone area, of where the known mineral resources exists, the following drill hole results signify either an expansion and/or reclassification of the existing resource.
INTERMEDIATE ZONE DRILL RESULTS
The completed drill holes within the Intermediate Zone continue to represent an expansion of the known mineral resource. No drilling within the intermediate zone was included in the resource calculation by AMEC in the Preliminary Assessment released in August (See news releases dated August 10, 2010 and August 11, 2010).
SOUTH ZONE DRILL RESULTS
Drill results obtained from the Las Colinas South Zone area indicate an extension of the existing resource in that area.
Drilling has been continuing with one core drill and one RC drill, each with two shifts per day to complete 50 meter grid drilling of the Intermediate zone and Colinas zone, and infill drilling to extend parts of the Planes zone at 25 meter spacing. Geotechnical core holes and metallurgical larger diameter core holes have also been completed in the three zones. Limited condemnation drilling is planned in the near future following completion of this program.
Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Mel Herdrick, VP Exploration and Qualified Person under the guidelines of NI 43-101, has read and approved this release. All summarized intervals reported in this news release were calculated using a 0.20 g/t Au cut-off grade. Intervals contain no more than three low-grade to barren samples between mineralized samples containing over 0.20 g/t Au. High grades were not capped. Pediment Gold Corp. has a Quality Assurance/Quality Control program that includes insertion and verification of standards, blanks and duplicates. All samples here reported have passed QA/QC satisfactorily. Samples from the San Antonio Project are shipped to the preparation laboratory of ALS Chemex in Hermosillo, Sonora. The prep lab then sends the sample pulps to ALS Chemex's laboratory in North Vancouver, where they are assayed for gold by fire assay with atomic absorption (Au AA-23 assay method code; 0.005 to 10ppm detection limit). Samples over 10 g/t Au are assayed with gravimetric finish (Assay code AU-GRA21). All samples are also assayed by ICP-MS (code ME-ICP41) for a suite of 35 elements.
Most drill-hole mineralized intercepts do not represent true widths. The mineralized zones referenced in this news release have a dip between -45 and -50 degrees to the west. Drill holes oriented with a 090 azimuth and -45 to -50 dip are closer to showing true width.
Source: Pediment Gold Corp.