Feb 14 2013
Angel Gold Corp. ("Angel" or the "Company") is pleased to announce that it will be commencing a Phase 1 drilling program on its El Cafetal Project, situated in the Middle Cauca gold belt in Antioquia, Colombia. A contract for a minimum of 900 meters of diamond core drilling has been signed with SMART DRILLING S.A.S, a Colombian company.
The Company expects the drill to be mobilized onto the property on or about the 20th of February, 2013. Angel Gold has all necessary permits in place and the initial three drill pads and access roads are ready, along with necessary environmental and erosion control measures. The Company plans to begin each drill hole with HQ or equivalent diameter core and reduce to NQ or equivalent diameter when rock conditions dictate.
The Company has conducted a program of surface and underground rock sampling, MMI soil sampling geochemistry and an Induced Polarity/Resistivity geophysical program on the property with encouraging results. A zone of sheeted or sub-parallel, near-vertical, sulfide-rich veins and veinlets are partially exposed in outcrop and historic underground workings in the central part of the property. This area coincides with MMI gold geochemical values in excess of 30 ppb Au and Induced Polarity chargeability anomalies. The coincident geochemical/geophysical anomalies extend over a length of 1300 meters along an east-west trend and average about 300 meters in width. The initial drilling program will concentrate on the area where the mineralized zone is exposed at the surface and where historic workings are most densely distributed. More information regarding the El Cafetal Project and Angel Gold's other properties may be obtained at www.angelgoldcorp.com.
"I am pleased that Angel Gold is aggressively moving forward to the next step of exploration on the El Cafetal property with the upcoming drill program," stated Stella Frias, President and CEO of Angel Gold Corp.
Source: http://www.angelgoldcorp.com/