VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/25/13 -- Abzu Gold Ltd. ("Abzu" or the "Company") (TSX VENTURE: ABS)(OTCQX: ABZUF) is pleased to announce the start of mobilization for the 2013 drilling season at Nangodi. The Company has contracted Geodrill Limited to drill approximately 5,000m of combined reverse circulation (RC) and diamond drill core to extend known mineralization along the mapped 1.2km strike (Abzu press release February 9, 2012) and fill-in between existing holes. The data collected from this program will enable the Company to proceed with a maiden gold resource estimate and to begin planning a feasibility study.
While Abzu's focus is on fast-tracking development of Nangodi, there are numerous areas of mineralization in the vicinity and one known as the Zupeliga target is a good example of near-surface mineralization which has the potential to provide additional gold resources for future mining activity (Figures 1 and 2). This mineralized zone lies approximately 10 km southwest of Nangodi in comparable host rocks. Soil sampling by AfricWest in 1997 and Etruscan Resources in 2007 identified attractive levels of gold over an area 500m x 400m with apparent continuity to the northeast and southwest (Figure 3). Trenching and Rotary Air Blast (RAB) drilling of this area revealed a northeast-dipping gold-bearing zone 450m long and tens of meters wide with best intercepts of 21.0m @ 2.31 g/t Au and 18.0m @ 3.35 g/t Au (Figure 4). Splits from several of these samples have been sent for assaying to verify historic results. Geologic mapping by Abzu staff shows that the mineralized zone follows a broad zone of silicified and altered volcanic and sedimentary rocks with associated chemical sediments which are traceable through folds for another 2,000m along strike to the south and at least another 600m to the north.
Highlight gold intercepts in Etruscan drill results at Zupeliga----------------------------------------------------------------------------Hole From (m) To (m) Interval (m) Grade (g/t) Au----------------------------------------------------------------------------NRB-08-399 24.0 31.5 7.5 1.00---------------------------------------------------------------------------- 33.0 40.5 7.5 1.82----------------------------------------------------------------------------NRB-08-400 6.0 25.5 19.5 1.24----------------------------------------------------------------------------NRB-08-404 6.0 27.0 21.0 2.31---------------------------------------------------------------------------- including 15.0 24.0 9.0 3.46---------------------------------------------------------------------------- 28.5 30.0 1.5 0.36---------------------------------------------------------------------------- 33.0 34.5 1.5 0.51----------------------------------------------------------------------------NRB-08-408 19.5 30.0 10.5 1.00----------------------------------------------------------------------------NRB-08-409 0.0 18.0 18.0 3.35----------------------------------------------------------------------------(i) All data above is historic and was collected by Etruscan Resources GhanaLimited, now a part of Endeavour Mining Corporation.
