TORONTO, ONTARIO -- (Marketwire) -- 02/05/13 -- Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX VENTURE: GG)(BOTSWANA: GG) is conducting a comprehensive exploration program over a large number of prospects contained within its mining leases and exploration tenements which cover the bulk of the Tati greenstone belt in Botswana.
Jim's Luck
The Company is pleased to provide an update concerning on-going exploration work at the Jim's Luck Prospect to define gold mineralisation found from surface in outcropping, steeply dipping ironstone horizons located approximately 25km from the Mupane plant. The Jim's Luck prospect forms part of Prospecting Licence 211/2010 which was acquired on the acquisition of NLE in April of 2012.
Conclusions of on-going work
The Jim's Luck Prospect hosts some 7 km of strike of prospective ironstone lithologies of which 830m has been drilled in detail. Mineralization exists over most, if not all, of the balance of this overall strike. Furthermore, the Western Parallel and the Southern Extension (both defined later) constitute additional strike potential.
Results of the drilling program
Significant intersections from this drilling program include:
----------------------------------------------------------------------------Hole ID Area Intersections----------------------------------------------------------------------------JLDD 170 Western Parallel 9.37 metres at 5.23 g/t Au and 10.82 metres at 2.66 g/t Au----------------------------------------------------------------------------JLRC 175 Western Parallel 7.00 metres at 2.38 g/t Au----------------------------------------------------------------------------JLRC 177 WBMC Zone 5.00 metres at 2.86 g/t Au----------------------------------------------------------------------------JLRC 180 WBMC Zone 6.00 metres at 2.61 g/t Au----------------------------------------------------------------------------JLRC 188 EBCC Zone 12.00 metres at 1.86 g/t Au----------------------------------------------------------------------------JLRC 190 EBCC Zone 19.00 metres at 1.75 g/t Au----------------------------------------------------------------------------JLRC 219 Southern Extension 6.00 metres at 3.09 g/t Au----------------------------------------------------------------------------JLRC 223 EBCC Zone 5.00 metres at 11.98 g/t Au----------------------------------------------------------------------------JLRC 229 EBCC Zone 16.00 metres at 2.39 g/t Au----------------------------------------------------------------------------
A full set of the results from the Jim's Luck Prospect is included in Appendix "A" attached to this news release.
New work carried out
Jim's Luck drilling program started in May 2012 and was recently completed with 66 RC holes (12,141m) and 2 diamond core holes (713m) drilled. To view a map of the drilling, please visit the following link: http://media3.marketwire.com/docs/25ggmap.pdf.
