Golden Point reports Wawa project results

The 41-claim property is about two miles northeast of the past- producing Surluga gold mine owned by Citadel Gold Mines (TSE).

During the past two years, Golden Point has completed a work program consisting of trenching, sampling, and diamond drilling on the property.

Anomalous gold values, ranging from 0.10 oz to 0.44 oz gold per ton, have been encountered across narrow widths in at least one quartz vein system. A grab sample, taken from an iron formation in another area of the property, yielded a value of 0.12 oz gold per ton.

A total of 12 shallow holes totalling 1,594 ft were drilled on the No. 2 vein system along a strike length of 650 ft. A narrow persistent quartz- sulphide vein was encountered in all 12 holes, with assays in seven of the holes ranging from 0.096 oz to 0.30 oz.

The company reports that gold values in the No. 2 vein system are increasing in an easterly direction and that a deep drilling program is required to further investigate the vein. The company’s consulting geologist has also recommended a program of soil sampling and trenching on other areas of the property.

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