Appleton Confirms Epithermal Gold on its Spences Bridge Gold Project
January 7, 2008 – Vancouver, British Columbia. Appleton Exploration Inc. has received the assay results for the bedrock sampling program on its Stobart property, part of its Spences Bridge Gold Belt Project. As reported in an October 10, 2007 news release, Appleton sampled two quartz veins displaying typical epithermal textures.
The northeast trending, 1-2 metre wide Hamm vein, discovered by previous operators, has been traced for 60 metres through four outcrop exposures. Each exposure was sampled in one metre chips and found to be consistently gold-bearing. The vein returned assay values of 380 parts per billion (ppb) gold, 5 ppb Au, 380 ppb Au and 1480 ppb Au, from southwest to the northeast, respectively. An additional sample 120 metres to the south returned a value of 1040 ppb Au from a vein that may be the faulted southern extension of the Hamm vein or may represent an additional vein.
The 1 metre wide parallel Rob vein, 150 metres to the northwest, has been traced for 15 metres through two outcrop exposures. Each exposure was sampled in one metre chips and found to be consistently gold-bearing. The two vein exposures reported 880 ppb Au and 1180 ppb Au.
The association of anomalous amounts of mercury and tellurium with the gold support an epithermal origin for these veins.
Expenditures for the Company’s Spences Bridge Gold Belt project were partially funded through a private placement by the MineralFields Group, a Toronto-based fund. Information about the MineralFields Group is available at www.mineralfields.com.
Appleton is awaiting additional assay results from its extensive 2007 Spence Bridge Gold Belt project that includes the Dora and Stobart properties.
A program of mechanical bedrock trenching and sampling is in the planning stages for spring 2008.
On Behalf of the Board of Directors,
“R. Tim Henneberry”
R.Tim Henneberry, P.Geo.
President and CEO
For further information, please contact:
Tim Henneberry: (604) 694-0741
For Investor Relations Information contact:
MarketSmart Communications:
(604) 261-4466 | (Toll Free 1-877-261-4466)
R. Tim Henneberry, P.Geo. , President, CEO & Director of the Company, is the Qualified Person as defined in
National Instrument 43-101, who has reviewed and approved the technical content of this news release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
