ValGold Reports Garrison Project Drill Results

ValGold Resources Ltd. (TSX VENTURE:VAL) provided an update on the 2010 diamond drill program by Northern Gold Mining Ltd. on ValGold’s Garrison gold project located along the Golden Highway of northeast Ontario.

The press release is quoted as saying:

Northern Gold has released assay results for the first three holes of the current 10-hole program of approximately 2,400 meters (“m”). Northern Gold is the project operator and has an option agreement where it must spend $4 million on exploration and make $1 million in option payments to ValGold over the 4 year period to 2013 to earn a 50% interest in the Garrison project.

Click here to access the entire press release