Thursday, August 19th, 2010
Dawson Gold Plans 1,000m Drilling at Yukon Property
News Release
Mr. Bijay Singh reports
DAWSON PROVIDES UPDATE ON YUKON TAD/TORO PROJECT
Dawson Gold Corp. has provided an update on the summer work program commenced in July, 2010, by 0851045 B.C. Ltd. on the Tad/Toro and Nit property. The property comprises 310 mineral claims covering approximately 32 square kilometres and is located near Hayes Creek within the Dawson Range copper-gold belt in the central Yukon, 100 kilometres northwest of Carmacks, which is 177 kilometres by road from Whitehorse. Dawson Gold is proposing to acquire 0851045 as its qualifying transaction.
The summer 2010 work program on the property includes primarily geochemical and on-the-ground geophysical work focused on a series of high-priority targets located during a 2009 airborne program. This will be followed up with exploration drilling commencing in late August. An exploration camp was constructed on the property in July of 2010, and is accessed by air using a recently rehabilitated airstrip on the property. A secondary fly camp and exploration team has been deployed to facilitate prospecting and mapping work on the western and southern sides of the property.
To date, 0851045 has established 22.4 kilometres of induced polarization (IP) test lines covering 4.5 square kilometres and completed substantively the entire IP program which covers three distinct mineralized zones. Rock, soil and stream-sediment sampling programs are continuing and expected to continue into September, along with property-wide prospecting programs. Surface sampling programs are designed to cover all IP surveyed zones as well as areas south and west of the Nit zone, a historical gold area within the central portion of the property. The company is also relogging and interpreting historical drill core stored on-site. Previously unsampled historic drill core samples will be submitted for laboratory assay as warranted.
A drill rig is scheduled to be mobilized on the property in late August to test five targets identified using an integrated model based on historic soil surveys, the airborne radiometric survey from 2009, IP surveys from this season and compilation of both current and historical records. The drill program contemplates a minimum of 1,000 metres of drilling. Additional drilling targets and depths are to be determined based on the results of the continuing IP study and preliminary drill results.
Historic results from the Main zone on the property (as compiled by Jean Pautler in her 2010 National Instrument 43-101 technical report on the property as available on SEDAR) include 1.05 grams per tonne gold and 19.5 g/t silver across 7.15 metres, including 4.11 g/t Au and 50.1 g/t Ag across 1.06 m from DDH T69-2, 1.37 g/t Au and 30.2 g/t Ag across 0.91 m from DDH T70-9, and 0.69 g/t Au and 116.6 g/t Ag across 0.3 m from DDH T70-12, despite extremely limited sampling of the core. Sampling of an unsplit drill interval from DDH T70-12 in 2007 returned results of 1.13 g/t Au and 8.7 g/t Ag over 7.9 m, including 5.07 g/t Au and 29.5 g/t Ag over 0.9 m.
The Nit occurrence comprises three large gold soil geochemical anomalies that have not been adequately tested by trenching or drilling. Results from limited trenching in 1986 returned values including 0.46 g/t Au and 26.1 g/t Ag over 37.8 m in trench F within soil anomaly B, and 0.55 g/t Au and 106.6 g/t Ag over 30 m in trench BW-2 within soil anomaly C.
While the above historical results on the Main zone and Nit occurrence are considered relevant, the reliability of the historic work is unknown. Dawson Gold intends to verify the above results, and confirmation work may produce results that differ substantially from the historic results.
In 2009, Precision GeoSurveys Inc. completed a 93-square-kilometre helicopter-borne magnetic and radiometric geophysical survey over the Tad/Toro and Nit property. Five porphyry-type and five vein-type target zones were identified from this survey as well as additional prospective porphyry-style targets.
The work program is being conducted under the supervision of Michael Collins, PGeo, a qualified person under NI 43-101, who has read and approved the content of this news release.