Planet Exploration Discovers New Gold and Silver Mineralized Trend at Golden Loon

With grab samples returning up to 11.4 g/t gold and 90 g/t silver, Planet Exploration Inc. (TSXV:PXI) announced the discovery of a new gold and silver mineralized trend at the Golden Loon project, with the new discovery occurring in a dense network of high-angle sulfide mineralized quartz veins that have been mapped and sampled across two kilometres of strike, and 200 metres of width.

As quoted in the press release:

Multi-gram gold grab samples with significant silver were also found approximately two kilometres to the northwest of Planet’s recent diamond drilling into the gold system on the east flank of the ultramafic intrusion. The mineralization occurs in quartz veining with associated sulfides. Gold and silver mineralization has now been observed through bedrock and soil geochemistry across more than five kilometres strike of the intrusion’s eastern flank. Recent drill results from this area include 80.1 metres of 1.0 g/t gold and 39.4 metres of 1.05 g/t gold across approximately 700 metres of drilled strike that remains open to extension.

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