La Ronge Files Updated Technical Report on Preview SW Gold Project

La Ronge Files Updated Technical Report on Preview SW Gold Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/31/13 -- Further
to its news release on October 1, 2013, La Ronge Gold Corp. (TSX
VENTURE:LAR) ("the Company") is pleased to announce the filing of an
updated NI 43-101 technical report on its Preview SW Property,
entitled "Technical Report, Preview SW Gold Project: La Ronge,
Saskatchewan" dated October 1, 2013. The technical report was
prepared by or under the supervision of Ronald G. Simpson, of GeoSim
Services Inc., who is an independent Qualified Person under NI 43-101
guidelines. The technical report is available under the Company's
SEDAR profile at www.sedar.com. 
HIGHLIGHTS 


 
--  Indicated resources containing 158,300 ounces of gold grading 1.89 g/t
    Au 
--  Inferred resources containing 270,800 ounces of gold grading 1.48 g/t Au
--  The centre of the deposit is drilled at 15 m line spacing, remainder at
    30 m centres 
--  Preliminary metallurgical test work indicates total gold recovery in
    concentrates ranged from 90% to 93% 
--  Gravity processes can recover significant portion of 'free' gold in the
    Preview SW Deposit; Gravity recovery was observed to be in the range of
    52% to 72% of contained gold 
--  High-grade flotation-concentrates can be produced from the gravity
    tailings 
--  An internal preliminary Project Description initiated to identify the
    strengths and weaknesses of the project going forward

 
The resource estimate outlines indicated resources containing 158,300
ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and inferred
resources containing 270,800 ounces (5.70 million tonnes grading 1.48
g/t Au) based on a 0.50 g/t Au cut-off grade. This estimate updates
the resource estimate released on December 3, 2012 and includes the
results of the 2013 drilling program, which consisted of 20
diamond-drill holes totalling 4,113 m. The core of the deposit was
drilled on a line spacing of 15 m, and the remainder of the zone was
drilled at 30 m line spacing. Drill holes were collared at 5 to 20 m
spacing along these lines. The indicated and inferred mineral
resource estimates reported herein are contained within a
resource-limiting open-pit shell (based on a $1300/oz gold price)
along 500 metres of strike and to a depth of 200 m.  
Rasool Mohammad, the Company's President and CEO comments, "The
deposit remains open in all directions. Drill hole PR13-163 about
2600 m away from the deposit intersected 17.98 grams per tonne gold
(g/t Au) over 5.71 m starting at 10 m indicating potential for
discovery of more near surface ounces." 
Mineral resources are summarized in the table below, which presents
the base case estimate at a gold cut-off grade of 0.5 g/t, and
sensitivity estimates around this base case to show the sensitivity
of the mineral resource estimate to changes in cut-off grades.  


 
---------------------------------------------------------------------------
COG g/t Au               Preview SW Gold Resources                 CATEGORY
               ---------------------------------------------               
                        Tonnes       Au g/t  Contained oz Au               
---------------------------------------------------------------------------
0.3                  2,967,900         1.71          162,900      INDICATED
---------------------------------------------------------------------------
0.3                  7,343,800         1.24          291,800       INFERRED
---------------------------------------------------------------------------
0.4                  2,784,500         1.80          160,800      INDICATED
---------------------------------------------------------------------------
0.4                  6,473,400         1.36          282,000       INFERRED
---------------------------------------------------------------------------
0.5                  2,607,900         1.89          158,300      INDICATED
---------------------------------------------------------------------------
0.5                  5,697,100         1.48          270,800       INFERRED
---------------------------------------------------------------------------
0.6                  2,424,700         1.99          155,000      INDICATED
---------------------------------------------------------------------------
0.6                  4,999,600         1.61          258,500       INFERRED
---------------------------------------------------------------------------
0.7                  2,239,900         2.10          151,200      INDICATED
---------------------------------------------------------------------------
0.7                  4,396,800         1.74          246,000       INFERRED
---------------------------------------------------------------------------

 
Mineral resources are constrained by 3D wireframes representing zones
of high shear intensity and grade continuity. An indicator kriging
interpolation was used to identify blocks with greater than 50%
probability of containing significant Au mineralization exceeding an
indicator threshold of 0.25 g/t. All other blocks were excluded from
the final grade estimation and assigned a 0 grade. 
Drill hole data was composited on 1 m downhole intervals, and
composites were capped at levels of 50 g/t within the mineral zones
and at 8 g/t within the surrounding diorite. Blocks that were not
entirely within the mineral zones were estimated for the portion
outside the zone using composites outside the zone domains. The final
grade assigned was the weighted average by block volume between the
grade estimated within the zone and outside the zone. Final gold
grades were estimated using the inverse distance method to the 3rd
power (ID3). 
Mineral resources are amenable to open pit mining methods and have
been constrained using a Lerchs-Grossmann optimized pit. Assumptions
used in the pit optimization include US$1,300/oz Au, 90% Au recovery,
$2.50/tonne mining cost, $15.50/tonne process and G&A cost. No
allowances have been made for mining losses and dilution. A pit slope
angle of 45 degrees was used.  
Analyzed samples consisting of sawn drill core were analyzed by TSL
Laboratories in Saskatoon with fire assay techniques. A
representative suite of historical drill core was re-logged and
re-sampled using identical sample preparation and assay techniques at
TSL Laboratories in order that historical data could be reliably used
in the estimation of this resource. La Ronge Gold has implemented an
industry standard QA/QC program consisting of randomly inserted
standards, blanks, and duplicates into the sample stream to ensure
assay accuracy and repeatability. Two samples of mineralized drill
core from the Preview SW deposit were submitted to ALS Metallurgy for
preliminary metallurgical test work. Excellent gold recoveries were
observed in this test work and indicate total gold recovery in
concentrates ranged from 90% to 93%. Test work was focused on the
production of a gravity concentrate and a flotation concentrate. 
A significant portion of the gold in the Preview SW Deposit occurs as
free gold and can be recovered using gravity processes. Gravity
recovery was observed to be in the range of 52% to 72% of contained
gold. 
High-grade flotation concentrates can be produced from the gravity
tailings. The test results confirm that flotation concentrates of
sufficiently high grade can be produced to allow for the evaluation
of shipping the concentrate to a third-party treatment. Metallurgical
test results were previously discussed in the press release of June
3, 2013.  
La Ronge Gold has initiated an internal preliminary Project
Description. The focus is to identify the strengths and weaknesses of
the project going forward. La Ronge Gold is already gathering the
required baseline data on the project site. 
The Preview SW deposit was discovered by SMDC, the predecessor
company of Cameco Corp., in the late 1980's. Structurally controlled
mesothermal lode gold is hosted in silicified zones spatially related
to quartz veins in a sheared dioritic-gabbroic intrusion and is
associated with sulphides. The zone of sheared diorite-gabbro sills
extends for 5200 m in a northeast-southwest direction across the
property and reaches approximately 200 m in width, and a number of
zones of gold mineralization including the Preview SW deposit are
hosted in this setting. Several sub-parallel northeast-trending shear
zones, totalling 150 m in width, make up the Preview SW deposit, and
these zones contain swarms of narrow quartz veins that bifurcate and
merge. The en echelon 1 to 10 m-wide shear structures are persistent
at depth and often merge in that direction too. The results of
Cameco's and the most recent drilling indicate that gold
mineralization is open in both directions along strike and down dip.
The Company's recent drilling also indicates that high grade gold
mineralization is also locally present in felsic volcanic rocks that
surround the diorite intrusion. 
Mineral resources have been classified using the definitions set out
in CIM (2010). Mineral resources have an effective date of August 31,
2013. 
This resource estimate was conducted by GeoSim Services Inc. Ronald
G. Simpson, P. Geo., of GeoSim, is the Qualified Person as defined
under National Instrument 43-101 responsible for the resource
estimates. Gordon Davidson, P. Geol., VP Exploration for La Ronge
Gold, is a "Qualified Person" for the purposes of National Instrument
43-101 and has verified the non-resource information disclosed in
this News Release.  
About La Ronge Gold Corp. 
La Ronge Gold is a Vancouver-based rapidly advancing gold-resource
growth and development company, focused on the expansion of
high-grade gold deposits in one of Canada's emerging gold producing
regions, the La Ronge Gold Belt, northern Saskatchewan. The Company
has significant land positions (52,932 Ha. or 131,000 acres) in the
region. The Company also holds other gold projects located in
Ontario, Canada.  
For more information about La Ronge Gold Corp., please go to
www.larongegold.com.  
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this Release. 
FORWARD-LOOKING INFORMATION 
This News Release includes forward-looking information and
statements, which may include, but are not limited to, information
and statements regarding or inferring the future business,
operations, financial performance, prospects and other plans,
intentions, expectations, estimates, and beliefs of the Company.
Information and statements which are not purely historical fact are
forward-looking statements. Forward-looking information and
statements involve and are subject to assumptions and known and
unknown risks, uncertainties, and other factors which may cause
actual events, results, performance, or achievements of the Company
to be materially different from future events, results, performance,
and achievements expressed or implied by forward-looking information
and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable, in
light of the use of assumptions and the significant risks and
uncertainties inherent in such information and statements, there can
be no assurance that any such forward-looking information and
statements will prove to be accurate, and accordingly readers are
advised to rely on their own evaluation of such risks and
uncertainties and should not place undue reliance upon such
forward-looking information and statements. Any forward-looking
information and statements herein are made as of the date hereof, and
the Company assumes no obligation and disclaims any intention to
update or revise any forward-looking information and statements
herein, or to update the reasons that actual events or results could
or do differ from those projected in any forward-looking information
and statements herein, whether as a result of new information, future
events or results, or otherwise.
Contacts:
La Ronge Gold Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
(604) 639-4533
info@larongegold.com
www.larongegold.com
 
 
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