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Diamond Drill Results from Stenlund Property
Navasota Resources Ltd. (NAV:TSX-V) ("Navasota") is pleased to announce results from a 5-hole diamond drill program on the Stenlund Gold Property, 25 kilometres west of the prolific Hemlo Gold Camp in northern Ontario. Navasota has an option to acquire a 100% interest in the property from Teck Cominco Limited ("Teck Cominco"), subject to an underlying agreement (as reported in a news release dated September 28, 2004). Teck Cominco is operator for this program.
Five diamond drill holes totalling 2853.7 metres were completed within the 109 Zone. Drilling targeted a series of K-feldspar-altered quartz-carbonate veins hosted in felsic fragmental rocks and quartz-feldspar porphyry within a zone of intense deformation. Highlights from previous drilling include 9.3 grams per tonne gold (g/t Au) and 184 g/t silver (Ag) over 7.3 metres in ST98-11 and 12.6 g/t Au and 365 g/t Ag over
3.0 metres in ST98-09.
2004 drill holes focussed on the ST98-09 and ST98-11 area. Highlights include 18.28 g/t Au and 47.18 g/t Ag over 4.0 metres in ST04-01 and 6.68 g/t Au and 60.1 g/t Ag over 1.5 metres in ST04-03. The table below summarizes the results from all 5 holes.
Table 1 Summary of 2004 Diamond Drill Results
| DDH |
From
m |
To
m |
Length
m |
Au
g/t |
Ag
ppm |
| ST04-01 |
370.30 |
370.30 |
4.0 |
18.28 |
47.18 |
| ST04-01 and |
371.30 |
373.30 |
2.0 |
35.98 |
87.65 |
| ST04-01 |
411.00 |
414.00 |
3.0 |
1.01 |
20.90 |
| ST04-01 |
423.00 |
423.80 |
0.8 |
1.47 |
41.40 |
| |
|
|
|
|
|
| ST04-02 |
424.10 |
425.20 |
1.1 |
0.55 |
0.40 |
| ST04-02 |
443.30 |
443.70 |
0.4 |
0.68 |
1.50 |
| ST04-02 |
543.60 |
544.60 |
1.0 |
0.60 |
6.20 |
| |
|
|
|
|
|
| ST04-03 |
477.70 |
488.40 |
10.7 |
1.52 |
15.96 |
| ST04-03 incl |
477.70 |
479.20 |
1.5 |
6.68 |
60.10 |
| ST04-03 and |
485.50 |
487.40 |
1.9 |
2.29 |
32.58 |
| |
|
|
|
|
|
| ST04-04 |
323.80 |
336.80 |
13.0 |
0.71 |
10.46 |
| ST04-04 incl |
323.80 |
325.30 |
1.5 |
1.34 |
14.40 |
| ST04-04 and |
327.40 |
329.70 |
2.3 |
1.21 |
13.85 |
| ST04-04 and |
335.30 |
336.80 |
1.5 |
2.26 |
46.87 |
| |
|
|
|
|
|
| ST04-05 |
376.50 |
378.00 |
1.5 |
2.18 |
27.5 |
| ST04-05 |
401.20 |
412.50 |
11.3 |
0.56 |
6.01 |
| ST04-05 incl |
401.20 |
402.70 |
1.5 |
1.45 |
16.6 |
| ST04-05 and |
411.30 |
412.50 |
1.2 |
1.39 |
12.9 |
| ST04-05 |
518.70 |
519.20 |
0.5 |
5.78 |
51.9 |
Navasota is constructing a 3-dimensional model of the mineralized zone and its structural controls to assess the form and continuity of 109 Zone. Prior to the 2004 program, mineralization appeared to possess a horizontal aspect, but recent drilling suggests a vertical structural control, consistent with the dominant regional structural grain. Further drilling to extend the zone is planned for 2005.
The Stenlund Property lies within the Hemlo-Heron Bay Shear Zone, a regional-scale deformation zone which also hosts the Hemlo deposit. The David Bell and Williams Mines, 50% owned by Teck Cominco and 50% by Homestake Canada Inc. (a subsidiary of Barrick Gold Corporation), produced a total of 536,000 ounces of gold in 2003.
Sampling and Assay Procedures
All drill core samples were split using a rock saw over sample lengths of 0.4 to 2.0 metres, typically 1.0 to 1.5 metres. All samples were sent to the Global Discovery Labs (Teck Cominco) in Vancouver for analysis for Au using aqua-regia decomposition / solvent extraction with an AA finish. Samples greater than 500 parts per billion (ppb), were reanalyzed using fire assay - lead collection and AA finish. Ag values were measured using ICP.
Personnel
All exploration was supervised in the field by Jari J. Paakki, P.Geo. Christopher J. Wild, P.Eng., President of Navasota Resources Ltd. is the Qualified Person for this release.
On behalf of the Board of Directors Navasota Resources Ltd.
Signed Christopher J. Wild, P.Eng. President & CEO
Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the information contained herein.
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