will include this too 6th April 2012 :Note last sentence ..: "...

will include this too 6th April 2012 :
Note last sentence ..: " However, PC said that the No. 23 Vein does not correlate with any historical vein system and "may represent a new focal point" for multiple Shaft 3 type high-grade veins."

Complete text below fyi and other AUTeurs:

PC Gold (TSEKL) said Monday that it discovered a new vein system at its Pickle Crow property, located near Thunder Bay, Ontario, sending its shares up over seven per cent.The company's stock was trading at 22.5 cents per share, up 7.14 per cent, around 10:45 am EDT.Results from the 2012 drill program at Pickle Crow targeted the No. 22 vein area, discovered in January, in the Shaft 3 area.Additional drilling identified a new vein system, now named the No. 23 vein zone, which consists of three distinct parallel veins, said the company. Previous intercepts within the No. 23 vein system include 3.24 grams per tonne (g/t) over 10.15 metres in January, and 23.80 g/t over 0.75 metres in April.PC Gold’s latest results in the No. 23 vein zone highlighted 10.73 g/t gold over 4.30 metres from 168.00 to 172.40 metres, including 39.12 g/t over 1.00 metres in hole PC-12-276.The company said the No. 23 vein zone has been intersected in nine holes, six of which have returned visible gold.Further results from the No. 22 vein zone revealed that multiple thick zones of quartz veining were intersected, with hole PC-12-273 recovering 1.27 g/t gold over 10.60 metres from 101.00 to 111.60 metres, including 8.96 g/t over 0.50 metres."The No. 22 and now No. 23 vein zones continue to return impressive results,” said PC Gold's president and CEO JP Chauvin."The lack of exploration this close to the historic mine workings is a real opportunity for us to add high-grade ounces as we continue to explore this new section of the core mine trend."PC noted that it drilled a total of 4,579 metres in 28 holes during its most recent drill program, which concluded on May 15.The company said the program intersected veining in 25 of 28 holes, 12 of which encountered visible gold, and in March, hole PC-12-253 returned 137.19 g/t over 1.00 metre with "abundant fine-grained visible gold".PC said that results for the remaining five holes, PC-12-275 through PC-12-280, are pending and will be released once the assays have been received.The No. 22, 23 and other high-grade veins located south of Shaft 3 area are likely, with further drilling, to contribute additional resources to the Pickle Crow mine, said the company.Pickle Crow currently hosts a 1.26 million ounce NI 43-101 inferred gold resource, averaging 3.9 g/t gold, cut, diluted and constrained.This includes a higher grade underground component comprising 1.1 million ounces averaging 5.4 g/t gold, including ahigh grade vein component of 600,000 ounces averaging 9.3 g/t gold, which PC said it is focused on proving up.The company said that the No. 22 and 23 vein zones are hosted within volcanic and **broic rocks of the Confederation Assemblage, which "traditionally were not thought to host Pickle Crow type veins, and therefore have experienced little exploration."Due to the swampy surface projection of these veins, PC said there has been a lack of historic exploration drilling on this part of the core mine trend.The No. 23 vein zone is located approximately 400 metres south of Shaft 3 and consists of upper, middle and lower veins possessing a south-southwest strike and plunging to the northeast.Historically, the company said that the No. 2, 6, and 7 vein zones, the richest of the Shaft 3 veins, produced about 500,000 ounces of gold.PC said at present the middle vein, which the company refers to as the No. 23 Vein proper, is the most consistent with respect to grade and width. The upper vein is narrower and higher grade, while the lower vein displays good widths, but lower grades.The company noted that the east-west striking No. 22 vein may represent the up dip projection of the high-grade No. 8 vein structure (mined from the 2850 to 2350 foot level).However, PC said that the No. 23 Vein does not correlate with any historical vein system and "may represent a new focal point" for multiple Shaft 3 type high-grade veins.