Confederation Minerals Ltd. (TSXV:CFM) reported bonanza grade drill results from the Newman-Todd property at Led Rake, Ontario.
As quoted in the press release:
Summary of Results for hole NT-114:
- 4.0 metres of 8.43 g/t gold including 1.0 metre of 19.0 g/t gold
- 31.0 metres of 12.61 g/t gold including 13.0 metres of 3.36 g/t gold and 0.50 metre of 23.0 g/t gold and including 0.50 metre of 681.0 g/t gold.
Brian Bapty, President of Confederation, commented:
We are planning to test the depth extent of these mineralized zones beyond 500m. To have such a significant intersection early in the program, and at only 250 m below surface, is very encouraging.