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American Pacific Mobilizes Drill Rig to Madison Copper-Gold Project in Montana [Yahoo! Finance]

Centerra Gold Inc. Common Shares (CGAU) 
Company Research Source: Yahoo! Finance
Pacific " or the " Company ") is pleased to announce that it has mobilized a drill to its Madison Copper-Gold Project (" Madison " or the " Project ") in Montana, in preparation for an initial CAD $1.5 million, five-hole, 1,350 metre drill program. Drilling will focus both on the near-mine area to extend the known mineralized zone identified through historical drilling, which included intercepts of 14.69 metres (" m ") of 12.10 grams per tonne (" g/t ") gold (" Au ") and further downhole 61.63 m of 6.97% copper (" Cu "). The Company also plans to test highly prospective areas, identified through the interpretation of extensive historical and recent data, that have never been drilled. Phase II will focus on following up on positive results from Phase I drilling, while also testing deeper regional targets within the western portion of the Project. This region has recorded historical, gold values at surface of up to 48.5 g/t Au in undrilled locations, which the Company believes could Show less Read more
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