Gammon Gold Announces Significant Drill Results for Reserve Expansion and Four New Discoveries at Ocampo

Dec 09, 2010, 08:00 ET from GAMMON GOLD INC.

TSX: GAM / NYSE: GRS / BSX: GL7

TORONTO, Dec. 9 /PRNewswire/ - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE: GRS): Gammon is pleased to provide and update of drill results from the Ocampo exploration program.

As of October 31, 2010, the Company has completed a total of 105,903 metres of drilling at Ocampo, utilizing twelve drill rigs working on surface and underground. 

Reserve Drilling Highlights


Santa Eduviges

  • Drilling highlights include:
    • Hole OU-823, 3.5 metres grading 16.78 grams per tonne gold equivalent(1)
    • Hole OU-825, 9.3 metres grading 20.63 grams per tonne gold equivalent(1)
    • Hole OU-826, 1.9 metres grading 48.58 grams per tonne gold equivalent(1)
    • Hole OU-859, 1.6 metres grading 31.48 grams per tonne gold equivalent(1)

San Amado

  • Drilling highlights include:
    • Hole OU-863, 1.0 metres grading 51.95 grams per tonne gold equivalent(1)
    • Hole OU-909, 1.3 metres grading 96.55 grams per tonne gold equivalent(1)
    • Hole OU-913, 0.9 metres grading 12.92 grams per tonne gold equivalent(1)
    • Hole OU-917, 1.7 metres grading 10.03 grams per tonne gold equivalent(1)

Rosario

  • Drilling highlights include:
    • Hole OU-900, 2.0 metres grading 10.84 grams per tonne gold equivalent(1)
    • Hole OU-901, 1.9 metres grading 11.05 grams per tonne gold equivalent(1)
    • Hole OU-903, 5.8 metres grading 13.88 grams per tonne gold equivalent(1)

Las Molinas Area

  • Drilling highlights include:
    • Hole OU-971, 3.6 metres grading 4.75 grams per tonne gold equivalent(1)
    • Hole OU-972, 7.5 metres grading 5.48 grams per tonne gold equivalent(1)

"The reserve drilling program has been progressing very well in the past 5 months, especially at Santa Eduviges where both widths and grades have surpassed our expectations and at San Amado where we continue to intercept bonanza grades" said Chris Bostwick, Senior Vice President, Technical Services. He continued, "Not only do we anticipate these results to further add to our year end reserves, but our current accelerated development program will allow for mining by mid-2011"

New Discoveries

El Rayo

  • New vein between the Santa Juliana and Belen Veins just 100 metres from existing underground infrastructure
  • 200 metres strikelength that is not included in current reserves has been tested with 12 drill holes
  • To date, five drill holes have shown grades above present underground cut-offs
  • Highlights include:
    • Hole OG-1128, 1.7 metres grading 33.29 grams per tonne gold equivalent(1)
    • Hole OG-1172, 0.6 metres grading 9.63 grams pert tonne gold equivalent(1)

Balvanera

  • The Balvanera underground vein extension, thus far covers an approximate strike length of 100 metres not included in present reserves
  • 12 diamond drill holes have been completed to date totaling 914 metres.
  • Drilling highlights include:
    • Hole OG-1144, 1.2 metres grading 3.84 grams per tonne gold equivalent(1)
    • Hole OG-1125, 0.5 metre grading 14.59 grams per tonne gold equivalent(1)

Stockwork Hill

  • Three northwest-striking altered and variably-mineralized structures defined southeast of the NE underground mine.
  • Nine diamond drill holes have been completed totaling 1,960 metres
  • Drilling highlights include:
    • Hole OG-1109, 0.5 metres grading 5.47 grams per tonne gold equivalent(1)

Polvorin

  • Discovered a new outcropping vein located north of the Company's mine offices, after which a drill program was designed to test the target.
  • 12 diamond drill holes have been completed to date for 2,178 metres.
  • Drilling highlights include:
    • Hole OG-1064, 0.6 metres grading 17.45 grams per tonne gold equivalent(1)

"The exploration program continues to deliver excellent results at Ocampo. Not only have we been able to delineate numerous high-grade drill intercepts on known veins, we have identified a number of new discoveries." stated Peter Drobeck, Senior Vice President of Exploration and Business Development.  He continued, "The success of our exploration program year to date has resulted in our expansion of the program to year end and bodes well for the future of the Ocampo mine."

Note:  The Ocampo surface exploration information has been reviewed by Qualified Person, Mr. Peter Drobeck. All sample analyses for Ocampo surface exploration were performed by Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures with AA finish. Sample lengths are not necessarily true widths.

Note:  The Ocampo underground exploration information has been reviewed by Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo underground exploration were performed by Chemex Laboratories,

based in Vancouver, British Columbia, using standard fire assay procedures with AA finish. Sample lengths are not necessarily true widths.

Note:   All gold equivalent grades are calculated at the Companies long term ratio of 55:1.

This press release sets out the gold and silver grades found in the samples taken from various targets.  Not all of these targets have been categorized as a mineral resource deposit under applicable Canadian mineral resource reporting standards, and it is uncertain if further exploration will result in these targets being delineated as mineral resources.  The grades encountered so far should not be taken as representative of the ore bodies in question as there has been insufficient exploration to define a mineral resource, and such grades may not prove representative of the deposits if and when the same are delineated as mineral resources.

About Gammon Gold

Gammon Gold Inc. is a mid-tier gold and silver producer with properties in Mexico.  Gammon's flagship Ocampo Property in Chihuahua State achieved commercial production in January 2007.  Gammon also owns the suspended El Cubo mine in Guanajuato State and has the promising Guadalupe y Calvo development property in Chihuahua State.  In 2010 Gammon completed option purchase agreements to acquire the Mezquite Project in Zacatecas State, Mexico, the Venus project located north of the Ocampo mine, and the Los Jarros Project in Chihuahua State.  Since 2008, the Company has increased its Mexican land position by over 59% and has made strategic investments in Golden Queen Mining Co. Ltd. and Corex Gold Corporation.  The Company's Executive Office is located in Toronto, Ontario.

Cautionary Statement

Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. This press release uses certain terms, such as "measured," "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in Gammon gold's Annual Report on Form 40-F, which may be secured from Gammon gold, or from the SEC's website at http://www.sec.gov/edgar.shtml.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Certain statements included herein, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words ''believe'', ''expect'', ''anticipate'', ''contemplate'', ''target'', ''plan'', ''intends'', ''continue'', ''budget'', ''estimate'', "forecast", ''may'', ''will'', ''schedule'' and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, future exploration results of its development program, the Company's ability to delineate additional resources and reserves as a result of such program, and the company's ability to mine such targets by mid-2011, statements regarding its financial exposure to litigation, targets, estimates and assumptions in respect of gold and silver production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future financial or operating performance, margins, operating and exploration expenditures, costs and timing of completion of the Ocampo expansion program and improvements to the heap leach pad, costs and timing of the development and commencement of production of new deposits, costs and timing of construction, costs and timing of future exploration and reclamation expenses including, anticipated 2010 results, operating performance projections for 2010 and 2011, our ability to fully fund our business model internally, 2010 gold and silver production and the cash and operating costs associated therewith, the ability to achieve productivity and operational efficiencies, the ability to access grid power at Ocampo, further reduction in the open pit stripping ratio and the timing of each thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

###

Appendix 1.

Ocampo Underground Exploration Update


To date, the Company has completed 285 drill holes for 50,300 meters of underground drilling and 5,300 metres of new exploration drifting in 2010.  Since May 2010, underground drilling has focused on six main areas including: Aventurero, Santa Juliana, San Amado, Santa Eduviges, Rosario and the Los Molinos Area. Six drills are currently drilling underground.

Aventurero

  • Launched a definition drilling program in May 2010 that is focused on adding resources at depth

Santa Juliana

  • Drilling program has focused on the intersection of Santa Juliana and Aventurero veins
  • Approximately 320 metres have been defined along strike and over 300 metres of elevation at the Santa Juliana / Aventurero veins

San Amado

  • Drilling program has defined a continuous high-grade zone of approximately 500 metres in strike length

Rosario

  • Successful drilling program underway
  • Near-collar intercepts have also defined northeast-striking ore-grade structures similar in character to the nearby Santa Juliana vein.

Santa Eduviges

  • Drilling program focused on better defining known mineralization along strike and at depth.
    • Two of the principal structures appear to join at depth as indicated by recent drilling results
  • Recent drilling results indicate that several of the seven known structures continue at depth and ore grade mineralization has been defined as deep as the 1635 elevation, 200 metres below the current mining elevation.

Las Molinas Area

  • Targeting high elevation mineralization amenable to open pitting.
  • The results of OU-972 are particularly encouraging as they confirm the presence of an additional vein in the Las Molinas vein complex, Los Monos, which has been intersected in one other drill hole, 730 metres to the northeast. 

Ocampo Surface Exploration Update


An aggressive surface exploration program continued at Ocampo focused on combined target generation, drilling supervision and logging at the Altagracia-Belen Sur, Resurreccion, Santa Juliana, and Belen targets.

Diagram 1: Ocampo Site Map

http://files.newswire.ca/258/OcampoMap1.doc

Table 1: Significant Ocampo Underground Drilling Results

(above 2.00 grams per tonne gold equivalent)

Hole From
(m)
To
(m)
 Length
(m)
Gold
(g/t)
Silver
(g/t)
Au Eq.
(55) (g/t)
Target
OU-873 168.3 168.7 0.4 2.59 605 13.59 Santa Juliana
OU-875 176.4 177.2 0.8 3.48 60 4.57 Aventurero
OU-876 186.8 187.6 0.8 2.88 25 3.34 Aventurero
OU-878 167.1 167.6 0.5 1.84 233 6.08 Aventurero
OU-878 179.7 182.2 2.5 0.68 99 2.48 Santa Juliana
OU-881 226.9 229.1 2.2 4.26 181 7.55 Aventurero
OU-881 233.0 233.4 0.4 4.11 430 11.93 Aventurero
OU-882 133.9 134.4 0.4 1.42 147 4.09 Aventurero
OU-970 69.7 69.9 0.2 2.63 18 2.96 Las Molinas
OU-970 79.7 80.5 0.8 2.48 46 3.31 Las Molinas
OU-970A   23.5 23.8 0.3 2.74 53 3.69 Las Molinas
OU-971 54.7 56.4 1.7 4.76 28 5.28 Las Molinas
OU-971 88.5 92.1 3.6 3.91 46 4.75 Las Molinas
OU-972 26.8 34.3 7.5 5.10 21 5.48 Las Molinas
OU-972 163.5 164.2 0.7 2.92 44 3.73 Las Molinas
OU-846 8.5 9.6 1.1 5.76 191 9.23 Rosario
OU-846 12.0 13.5 1.5 1.04 94 2.74 Rosario
*OU-846 113.1 117.0 3.9 0.99 125 3.26 Rosario
OU-847 8.0 9.2 1.3 2.62 69 3.87 Rosario
OU-847 91.7 92.2 0.5 1.04 137 3.53 Rosario
OU-850 20.4 23.2 2.9 1.72 171 4.82 Rosario
OU-851 29.4 30.0 0.6 1.09 87 2.68 Rosario
OU-897 6.4 7.5 1.2 2.32 87 3.90 Rosario
OU-898 3.2 4.6 1.5 4.16 240 8.52 Rosario
OU-900 98.1 100.1 2.0 7.41 189 10.84 Rosario
OU-901 75.0 76.9 1.9 4.12 381 11.05 Rosario
OU-903 56.3 62.0 5.8 5.64 453 13.88 Rosario
OU-903 91.5 92.5 1.0 2.35 206 6.10 Rosario
OU-903 105.5 105.9 0.4 2.82 191 6.29 Rosario
*OU-863 160.9 161.9 1.0 35.28 917 51.95 San Amado
*OU-863 164.9 165.4 0.5 5.35 367 12.02 San Amado
OU-866 190.8 191.8 1.0 1.29 97 3.04 San Amado
OU-866 197.5 198.0 0.5 1.45 62 2.57 San Amado
OU-907 170.2 171.6 1.4 0.65 101 2.49 San Amado
*OU-909 132.2 133.5 1.3 76.44  1,106 96.55 San Amado
OU-913 132.1 133.0 0.9 8.67 234 12.92 San Amado
OU-913 209.9 210.3 0.4 2.24 136 4.71 San Amado
OU-913 213.0 214.9 1.8 2.43 127 4.74 San Amado
OU-915 175.6 176.0 0.3 0.84 99 2.65 San Amado
OU-917 143.5 145.2 1.7 6.67 185 10.03 San Amado
OU-917 153.3 154.5 1.2 3.29 116 5.40 San Amado
OU-917 160.1 160.9 0.8 2.14 65 3.31 San Amado
OU-823     206.5   210.0 3.5 13.47 182 16.78   Santa Eduviges
OU-825 220.3 222.0        1.7 1.08 88        2.68 Santa Eduviges
OU-825 223.3 223.9 0.6 1.33 81 2.81 Santa Eduviges
OU-825 230.0 231.0 1.0 7.53 20 7.89 Santa Eduviges
OU-825 237.9 247.2 9.3 12.78 432 20.63 Santa Eduviges
OU-826 280.7 282.6 1.9 34.90 752 48.58 Santa Eduviges
*OU-859 3.0 4.6 1.6 0.12  1,725 31.48 Santa Eduviges
OU-861 244.0 245.5 1.5 0.37 272 5.32 Santa Eduviges
OU-861 251.0 253.4 2.4 3.48 4 3.55 Santa Eduviges
OU-861 258.8 259.5 0.8 3.05 1 3.07 Santa Eduviges
OU-864 204.9 205.4 0.6 5.60 5 5.69 Santa Eduviges
*OU-864 208.7 213.9 5.3 2.64 27 3.12 Santa Eduviges
OU-921 83.5 88.1 4.6 1.94 50 2.84 Santa Eduviges
*OU-922 121.5 122.0 0.5 3.98 50 4.89 Santa Eduviges
*OU-923 110.1 110.7 0.6 1.99 108 3.95 Santa Eduviges
OU-923 128.7 129.8 1.1 0.82 95 2.55 Santa Eduviges
OU-924A   118.0 123.8 5.8 1.59 88 3.18 Santa Eduviges
OU-924A 127.0 128.0 1.0 2.53 4 2.61 Santa Eduviges
OU-924A 196.1 196.6 0.5 2.75 52 3.70 Santa Eduviges
OU-925 128.4 129.8 1.4 0.10 127 2.42 Santa Eduviges
OU-925 147.0 149.5 2.5 1.37 50 2.28 Santa Eduviges
OU-926 180.0 181.7 1.7 3.48 14 3.73 Santa Eduviges
OU-926 211.6 212.7 1.1 2.52 2 2.55 Santa Eduviges
OU-927 106.5 109.5 3.0 2.44 241 6.81 Santa Eduviges
OU-927 124.5 124.8 0.3 2.70 0 2.70 Santa Eduviges
OU-927   127.5   128.1 0.6 2.78 1 2.79   Santa Eduviges

* Indicates previously released drill results

Note:  The Ocampo underground exploration information has been reviewed by Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo were performed by Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures, with an AA finish. The Company maintains a Quality Assurance - Quality Control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC engineer to monitor results. Sample lengths are not true widths.

Table 2: Significant Ocampo Surface Drilling Results

(Above 0.30 grams per tonne gold equivalent)

Hole From
(m)
To
(m)
Length
(m)
Gold
(g/t)
Silver
(g/t)
Au Eq.
(55) (g/t)
Target
OG-1098 22.4 22.9 0.5 0.97 67 2.20 Altagracia-lower
OG-1098 34.6 42.1 7.6 0.36 18 0.69 Altagracia-lower
OG-1102 58.2 59.4 1.2 0.49 39 1.20 Altagracia-lower
OG-1102 61.5 63.1 1.6 0.57 13 0.80 Altagracia-lower
OG-1102 79.7 80.6 0.9 0.56 49 1.45 Altagracia-lower
OG-1105 39.1 40.1 1.0 0.22 50 1.12 Altagracia-lower
OG-1105 64.0 65.2 1.2 0.78 50 1.69 Altagracia-lower
OG-1105 70.2 70.8 0.5 2.68 33 3.28 Altagracia-lower
OG-1105 71.3 71.8 0.5 9.43 75 10.79 Altagracia-lower
OG-1105 72.3 73.6 1.3 1.04 15 1.31 Altagracia-lower
OG-1105 75.1 76.1 1.1 4.91 610 16.00 Altagracia-lower
OG-1105 76.1 77.2 1.1 0.74 69 2.00 Altagracia-lower
OG-1105 81.4 81.9 0.5 1.27 120 3.45 Altagracia-lower
OG-1126 91.1 92.3 1.2 1.84 66 3.04 Altagracia-lower
OG-1126 100.6 102.1 1.5 1.71 155 4.52 Altagracia-lower
OG-1126 105.9 108.4 2.5 0.35 9 0.50 Altagracia-lower
OG-1119 0.0 6.8 6.8 0.92 55 1.92 Aventurero - Balv
OG-1119 17.2 17.7 0.5 1.38 53 2.34 Aventurero - Balv
OG-1119 72.0 72.5 0.5 0.79 0 0.79 Aventurero - Balv
OG-1114 27.1 28.3 1.2 3.57 15 3.84 Balvanera
OG-1114 68.3 75.6 7.3 0.40 47 1.26 Balvanera
OG-1116 25.3 26.4 1.1 1.11 11 1.30 Balvanera
OG-1116 26.4 28.5 2.1 0.73 5 0.81 Balvanera
OG-1125 5.0 6.0 1.0 1.21 6 1.32 Balvanera
OG-1125 10.9 13.1 2.2 1.40 0 1.40 Balvanera
OG-1125 21.0 22.0 1.0 4.73 0 4.73 Balvanera
OG-1125 23.4 24.6 1.2 3.53 9 3.70 Balvanera
OG-1125 29.0 30.3 1.3 2.39 0 2.39 Balvanera
OG-1125 30.3 30.8 0.5 14.40 11 14.59 Balvanera
OG-1002 99.6 100.1 0.5 5.37 252 9.95 Belen
OG-1002 100.7 105.0 4.3 0.07 24 0.50 Belen
OG-1002 105.5 106.1 0.6 0.07 880 16.07 Belen
OG-1002 124.6 125.5 0.9 0.00 53 0.96 Belen
OG-1005 107.2 109.0 1.8 0.45 31 1.01 Belen
OG-1008 118.4 122.4 3.9 0.21 42 0.97 Belen
OG-1009 104.3 107.7 3.4 3.43 71 4.73 Belen
OG-1010 110.6 112.0 1.5 0.29 61 1.40 Belen
OG-1012 122.9 123.5 0.5 2.68 124 4.93 Belen
OG-1012 127.5 131.0 3.6 0.15 18 0.47 Belen
OG-1012 135.0 136.4 1.4 0.24 22 0.65 Belen
OG-1012 137.9 138.4 0.5 1.21 118 3.36 Belen
OG-1016 116.7 121.8 5.1 0.99 129 3.33 Belen
OG-1017 121.8 122.9 1.1 1.43 74 2.78 Belen
OG-1020 140.7 142.3 1.6 0.12 17 0.43 Belen
OG-1024 127.7 129.8 2.2 0.16 62 1.28 Belen
OG-1024 140.2 141.6 1.4 1.25 127 3.56 Belen
OG-1025 136.0 137.4 1.4 0.07 66 1.27 Belen
OG-1025 149.0 149.5 0.5 0.36 41 1.11 Belen
OG-1025 159.4 160.2 0.8 1.35 180 4.62 Belen
OG-1028 144.7 147.0 2.3 0.07 14 0.33 Belen
OG-1034 149.2 150.5 1.3 0.11 26 0.58 Belen
OG-1038 142.0 142.5 0.5 0.56 23 0.98 Belen
OG-1038 157.5 159.0 1.5 0.09 24 0.53 Belen
OG-1046 165.6 166.2 0.6 0.00 49 0.89 Belen
OG-1046 167.4 168.0 0.5 0.20 34 0.82 Belen
OG-1053 155.6 156.4 0.8 0.17 23 0.59 Belen
OG-1059 161.6 162.1 0.5 0.52 10 0.70 Belen
OG-1059 170.0 171.9 1.8 0.31 28 0.81 Belen
OG-1059 188.2 188.8 0.7 0.50 8 0.65 Belen
OG-1036 84.8 87.3 2.5 0.10 51 1.02 Belen Sur
OG-1036 90.5 92.5 2.0 0.21 132 2.61 Belen Sur
OG-1036 96.5 102.3 5.8 0.03 58 1.09 Belen Sur
OG-1036 104.3 107.6 3.3 0.06 145 2.70 Belen Sur
OG-1040 194.3 194.8 0.5 1.41 141 3.97 Belen Sur
OG-1042 58.5 60.0 1.5 0.00 37 0.67 Belen Sur
OG-1042 67.9 73.2 5.3 0.05 77 1.45 Belen Sur
OG-1042 73.7 75.0 1.3 0.03 58 1.09 Belen Sur
OG-1042 104.7 106.3 1.6 0.74 83 2.25 Belen Sur
OG-1043 144.8 153.9 9.2 0.12 21 0.50 Belen Sur
OG-1043 158.1 159.1 1.0 1.18 197 4.76 Belen Sur
OG-1043 166.3 166.8 0.5 10.95 302 16.44 Belen Sur
OG-1044 3.2 6.1 3.0 0.00 60 1.09 Belen Sur
OG-1047 A 76.0 76.5 0.5 0.30 22 0.70 Belen Sur
OG-1049 15.4 16.1 0.7 0.73 9 0.89 Belen Sur
OG-1049 86.2 87.6 1.4 0.77 45 1.58 Belen Sur
OG-1071 21.9 22.4 0.5 0.21 16 0.51 Belen Sur
OG-1071 72.2 73.0 0.8 0.07 76 1.45 Belen Sur
OG-1071 80.7 81.2 0.5 0.99 97 2.75 Belen Sur
OG-1074 5.1 5.6 0.5 0.42 22 0.82 Belen Sur
OG-1074 10.1 12.9 2.8 0.11 21 0.49 Belen Sur
OG-1074 18.9 21.4 2.5 0.70 52 1.65 Belen Sur
OG-1074 31.5 35.3 3.8 0.22 19 0.57 Belen Sur
OG-1074 35.3 39.5 4.2 1.90 58 2.95 Belen Sur
OG-1084 26.3 27.3 1.0 0.00 34 0.62 Belen Sur
OG-1084 48.8 51.0 2.2 0.85 45 1.68 Belen Sur
OG-1084 57.5 58.0 0.5 0.87 38 1.56 Belen Sur
OG-1084 59.8 62.5 2.8 0.30 29 0.82 Belen Sur
OG-1084 62.5 65.1 2.6 2.39 211 6.23 Belen Sur
OG-1084 70.0 74.7 4.7 0.45 40 1.18 Belen Sur
OG-1084 169.1 169.6 0.5 1.54 72 2.85 Belen Sur
OG-1123 38.1 38.6 0.5 0.00 274 4.98 El Rayo
OG-1123 44.8 48.2 3.5 0.79 18 1.11 El Rayo
OG-1128 44.8 45.4 0.6 2.76 5 2.85 El Rayo
OG-1128 53.5 55.2 1.7 24.95 459 33.29 El Rayo
OG-1128 54.7 56.3 1.7 0.63 87 2.21 El Rayo
OG-1138 39.6 40.6 1.0 3.45 78 4.86 El Rayo
OG-1146 43.5 44.5 1.0 3.05 182 6.36 El Rayo
OG-1151 189.7 190.2 0.5 2.92 0 2.92 El Rayo
OG-1157 97.4 98.0 0.6 0.91 76 2.29 El Rayo
OG-1157 214.9 215.6 0.7 0.40 35 1.03 El Rayo
OG-1172 21.4 22.0 0.6 8.75 48 9.63 El Rayo
OG-909 51.8 54.0 2.2 2.87 179 6.13 El Rayo
OG-911 58.7 67.5 8.8 0.97 143 3.57 El Rayo
OG-1111 50.1 50.7 0.6 5.86 282 10.99 San Juan Ext
OG-990 88.6 91.0 2.5 2.48 42 3.24 Picacho
OG-990 248.1 248.6 0.5 1.42 113 3.47 Picacho
OG-990 288.2 288.8 0.6 2.12 174 5.28 Picacho
OG-990 290.6 291.8 1.1 0.49 44 1.29 Picacho
OG-990 292.8 294.0 1.1 0.40 44 1.20 Picacho
OG-1000 277.1 279.5 2.4 2.43 159 5.33 Picacho
OG-1000 279.5 284.7 5.2 0.63 46 1.46 Picacho
OG-1000 296.3 300.5 4.3 0.45 45 1.27 Picacho
OG-1000 309.1 309.7 0.6 1.44 225 5.53 Picacho
OG-1000 314.5 315.5 1.0 1.19 179 4.44 Picacho
OG-1000 319.9 321.7 1.8 0.23 31 0.78 Picacho
OG-1000 323.3 324.3 1.0 0.27 25 0.73 Picacho
OG-1006 155.8 156.6 0.8 0.24 26 0.71 Picacho
OG-1006 343.1 344.3 1.2 0.62 1 0.63 Picacho
OG-1013 227.4 228.6 1.2 0.00 93 1.69 Picacho
OG-1018 144.2 144.7 0.5 0.48 8 0.63 Picacho
OG-1018 310.5 311.3 0.8 0.61 0 0.61 Picacho
OG-1022 261.3 261.8 0.5 1.85 258 6.54 Picacho
OG-1022 316.9 318.3 1.4 0.41 32 0.98 Picacho
OG-1023 218.1 218.6 0.5 1.40 61 2.51 Picacho
OG-1023 350.0 350.5 0.5 0.19 36 0.84 Picacho
OG-1023 359.8 360.3 0.5 0.24 26 0.71 Picacho
OG-1023 383.8 384.3 0.6 0.26 39 0.96 Picacho
OG-1023 394.2 395.5 1.3 0.50 9 0.67 Picacho
OG-1027 184.1 184.6 0.5 0.74 216 4.67 Picacho
OG-1027 280.9 282.4 1.5 0.49 31 1.06 Picacho
OG-1037 195.0 195.6 0.7 0.64 17 0.95 Picacho
OG-1037 261.1 262.8 1.6 0.66 56 1.67 Picacho
OG-1075 16.4 17.1 0.7 0.18 18 0.51 Picacho
OG-1075 222.1 222.7 0.6 0.00 65 1.18 Picacho
OG-1064 36.5 37.1 0.6 6.60 597 17.45 Polvorin
OG-1067 92.5 93.0 0.5 0.49 35 1.13 Polvorin
OG-1073 73.0 73.6 0.5 0.31 20 0.68 Polvorin
OG-1087 34.9 36.1 1.2 1.09 6 1.20 Refugio Norte
OG-1087 46.8 47.6 0.8 0.84 51 1.77 Refugio Norte
OG-1081 22.0 22.7 0.7 0.26 23 0.68 Resureccion
OG-1081 43.8 44.6 0.8 0.38 31 0.94 Resureccion
OG-1081 117.6 118.6 1.0 2.13 48 3.00 Resureccion
OG-1108 52.6 53.1 0.5 1.66 126 3.95 San Juan
OG-989 135.8 136.4 0.7 0.13 174 3.29 Santa Juliana
OG-991 128.5 130.5 2.1 0.30 9 0.47 Santa Juliana
OG-993 192.8 203.4 10.7 0.84 120 3.01 Santa Juliana
OG-995 135.4 135.9 0.6 0.20 395 7.38 Santa Juliana
OG-997 189.7 190.6 0.9 2.66 158 5.53 Santa Juliana
OG-1004 166.5 167.2 0.7 1.29 153 4.07 Santa Juliana
OG-1007 179.1 180.1 1.0 2.15 635 13.70 Santa Juliana
OG-1011 156.3 157.8 1.5 0.27 38 0.95 Santa Juliana
OG-1019 136.7 137.2 0.5 0.09 31 0.65 Santa Juliana
OG-1021A 195.6 196.1 0.5 0.41 7 0.54 Santa Juliana
OG-1021A 209.0 209.6 0.6 0.25 34 0.87 Santa Juliana
OG-1021A 221.8 222.3 0.5 0.17 22 0.57 Santa Juliana
OG-1026 144.7 145.8 1.1 1.60 21 1.98 Santa Juliana
OG-1029 277.9 278.9 1.0 0.68 65 1.85 Santa Juliana
OG-1029 282.3 284.3 2.0 1.71 234 5.97 Santa Juliana
OG-1032 184.6 185.3 0.7 4.62 384 11.60 Santa Juliana
OG-1032 186.0 187.2 1.3 1.51 157 4.36 Santa Juliana
OG-1048 145.6 146.8 1.2 0.24 30 0.79 Santa Juliana
OG-1052 212.4 212.9 0.5 2.44 153 5.22 Santa Juliana
OG-1062 9.9 10.9 1.0 0.39 7 0.51 Santa Juliana
OG-1078 187.7 188.3 0.6 1.40 204 5.11 Santa Juliana
OG-1085 204.0 206.3 2.3 4.58 498 13.63 Santa Juliana
OG-1090 160.8 162.3 1.5 0.22 35 0.85 Santa Juliana
OG-1090 164.7 169.5 4.8 0.41 41 1.15 Santa Juliana
OG-1095 206.4 207.0 0.6 0.22 21 0.60 Santa Juliana
OG-1095 208.4 209.1 0.8 0.25 20 0.61 Santa Juliana
OG-1001 90.2 96.0 5.8 0.60 40 1.34 Santa Librada
OG-1001 145.2 146.0 0.8 0.00 62 1.13 Santa Librada
OG-1001 150.7 159.8 9.1 0.01 42 0.78 Santa Librada
OG-1014 92.5 97.5 5.0 0.47 34 1.09 Santa Librada
OG-1045 96.4 96.9 0.5 4.70 7 4.83 Santa Librada
OG-1051 103.4 104.0 0.6 0.32 15 0.59 Santa Librada
OG-1051 112.2 112.9 0.6 0.35 18 0.68 Santa Librada
OG-1072 255.4 256.2 0.8 1.45 20 1.82 Santa Librada
OG-1072 262.1 264.1 2.0 0.16 55 1.15 Santa Librada
OG-1072 264.1 264.6 0.5 0.24 137 2.73 Santa Librada
OG-1079 156.1 156.7 0.6 2.84 0 2.84 Santa Librada
OG-1086 220.2 221.6 1.4 0.00 90 1.64 Santa Librada
OG-1101 70.6 71.3 0.8 1.46 0 1.46 Santa Librada
OG-1101 119.9 120.7 0.9 0.43 0 0.43 Santa Librada
OG-1109 27.8 28.3 0.5 5.24 13 5.47 Stock Work Hill
OG-1112 99.5 101.0 1.6 0.47 0 0.47 Stock Work Hill

Note:  The Ocampo surface exploration information has been reviewed by Qualified Person, Mr. Peter Drobeck. All sample analyses for Ocampo were performed by ALS-Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures with an AA finish.  The Company maintains a Quality Assurance - Quality Control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC engineer to monitor results. Sample lengths are not necessarily true widths.

(1)     Using the Company's long term gold equivalency ratio of 55:1


SOURCE GAMMON GOLD INC.