11:52 AM EST - Gammon Gold Inc. : announced that it has signed the definitive purchase option agreements on the Los Jarros Properties, in Chihuahua State, Mexico. Historical drilling by Valdez in 1999 cut strongly anomalous gold not only along the flanks of the dome, but also in a breccia complex on the south side of the dome system. The best drill hole from the breccia cut a long intercept of highly anomalous gold: 105.6 metres grading 0.56 grams per tonne gold from 1.5 metres depth, including 26.1 metres grading 0.70 grams per tonne gold from 81.0 meters depth. The gold mineralization in the breccias complex is disseminated in character, with all samples in the first 109 metres of the drill hole falling between 0.20 and 2.12 grams per tonne gold. Gammon Gold Inc.
shares T.GAM are trading up $0.07 at $7.65.
