Gammon Gold Announces Significant Drill Results At Ocampo

TORONTO, May 5 /CNW/ -- 
TORONTO, May 5 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX: GAM and NYSE: GRS): Gammon is pleased to provide an update of drill results from the Ocampo
 exploration program for the first four months of 2011.  As of April 30,
 2011, the Company has completed a total of 56,704 metres of drilling at
 Ocampo, utilizing twelve drill rigs working on surface and underground.


Ocampo Underground Drilling Highlights


During the first four months of the year the Company has completed 145
 core holes for 28,439 metres from underground. The primary focus of the
 underground drilling is to extend and delineate known resources along 6
 vein structures in the Northeast Underground mine, the Level 2 mine and
 the Santa Eduviges mine.  Highlights of the program are as follows:


Aventurero


    --  Drilling highlights include:
  o Hole OU-826, 1.0 metre grading 105.65 grams per tonne gold
    equivalent((1))
  o Hole OU-859, 7.4 metres grading 11.78 grams per tonne gold
    equivalent((1))
  o Hole OU-884, 3.3 metres grading 48.11 grams per tonne gold
    equivalent((1))
  o Hole OU-887, 0.8 metres grading 17.84 grams per tonne gold
    equivalent((1))



San Amado


    --  Drilling highlights include:
  o Hole OU-948, 2.0 metres grading 25.20 grams per tonne gold
    equivalent((1))
  o Hole OU-1063, 1.3 metres grading 54.88 grams per tonne gold
    equivalent((1))
  o Hole OU-1064, 0.5 metres grading 35.43 grams per tonne gold
    equivalent((1))
  o Hole OU-1067, 0.7 metres grading 64.42 grams per tonne gold
    equivalent((1))



Rosario


    --  Drilling highlights include:
  o Hole OU-978, 0.6 metres grading 63.43 grams per tonne gold
    equivalent((1))
  o Hole OU-901, 3.3 metres grading 6.09 grams per tonne gold
    equivalent((1))



San Jose


    --  Drilling highlights include:
  o Hole OU-1018, 1.3 metres grading 11.69 grams per tonne gold
    equivalent((1))
  o Hole OU-1023, 0.4 metres grading 42.53 grams per tonne gold
    equivalent((1))
  o Hole OU-1026, 3.5 metres grading 16.61 grams per tonne gold
    equivalent((1))



El Rayo


    --  Drilling highlight includes:
  o Hole OU-1140, 0.6 metres grading 37.16 grams per tonne gold
    equivalent((1))



"The underground reserve drilling program has progressed very well in
 the first four months of 2011 with six active underground drill rigs."
 said Chris Bostwick, Senior Vice President, Technical Services. He
 continued, "We are particularly pleased with the bonanza style grades
 encountered at Aventurero and San Amado and note these two veins are
 already the largest in terms of ounces and strike length within the
 Northeast system of veins. Drilling at Santa Eduviges continues to
 produce results in line with reserve grades and ore vein thicknesses
 and we have just begun an underground follow-up program at El Rayo
 based on the successes of the surface drilling program there."


Ocampo Surface Drilling Highlights


During the first four months of the year the Company has completed 196
 core holes for 28,265 metres on surface.  This work has been focused on
 five close-in targets where reserves were defined in late 2010 but
 remain open to expansion.  The work has proven very positive in that
 both high grades suitable for underground mining as well mineralization
 in configurations possible for open pit extraction, have been
 discovered.  Highlights of the program are as follow:


Altagracia


    --  Drilling highlights include:
  o Hole OG-1269, 5.1 metres grading 14.45 grams per tonne gold
    equivalent((1))
  o Hole OG-1243, 0.5 metre grading 6.10 grams per tonne gold
    equivalent((1))



Aventurero


    --  Drilling highlights include:
  o Hole OG-1273, 2.4 metres grading 7.46 grams per tonne gold
    equivalent((1))
  o Hole OG-1290, 0.9 metres grading 15.34 grams per tonne gold
    equivalent((1))



Belen Upper


    --  Drilling highlights include:
  o Hole OG-1285, 24.0 metres grading 2.76 grams per tonne gold
    equivalent((1))
  o Hole OG-1291, 10.7 metres grading 2.66 grams per tonne gold
    equivalent((1))
  o Hole OG-1272A, 32.6 metres grading 1.56 grams per tonne gold
    equivalent((1))
  o Hole OG-1307, 6.7 metres grading 9.10 grams per tonne gold
    equivalent((1))



El Rayo


    --  Drilling highlights include:
  o      Hole OG-1323, 0.5 metres grading 98.71 grams per tonne gold
    equivalent((1))
  o      Hole OG-1331, 1.8 metres grading 42.74 grams per tonne gold
    equivalent((1))



Jesus Maria


    --  Drilling highlights include:
  o Hole OG-1282, 3.1 metres grading 10.99 grams per tonne gold
    equivalent((1))
  o Hole OG-1305, 1.7 metres grading 7.90 grams per tonne gold
    equivalent((1))



"The surface exploration program continues to deliver excellent results
 at Ocampo. The results from the Altagracia vein have successfully
 delineated both high-grade ores as well as thick zones of
 mineralization that will be considered for potential open pit
 exploitation once the drilling is completed." stated Peter Drobeck,
 Senior Vice President of Exploration and Business Development.  He
 continued, "Results from the Belen Upper vein have also discovered some
 very high grades as well as thick zones of mineralization, and results
 from El Rayo have shown some of the highest grades on the property for
 the year.  The Company intends to continue drilling these and several
 new exploration targets during the second quarter of 2011."


Note:  1) All gold equivalent grades are calculated at the Company's 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 publicly traded mid-tier gold and silver producer
 engaged in the mining, development, exploration and acquisition of
 resource properties in North America. The Company owns and operates
 three producing mines in Mexico, the Ocampo mine in Chihuahua State,
 the El Chanate project in Sonora State, and the El Cubo mine in
 Guanajuato State. Gammon Gold also owns the Guadalupe y Calvo advanced
 exploration property in Chihuahua State and the Orion advanced
 exploration property in the State of Nayarit, and has six exploration
 properties in various states throughout Mexico. Gammon's executive
 office is located in Toronto, Ontario Canada.


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'', ''target'',
 ''continue'', ''estimate'', ''may'', and similar expressions identify
 forward-looking statements. Forward-looking statements include, among
 other things, statements regarding the grades of additional underground and surface
 drilling programs at Ocampo, the ability to delineate additional
 resources or reserves as a result, the suitability of targets for
 future underground or open pit mining at Ocampo, statements regarding anticipated future financial and operational
 performance, the future price of gold and silver, the timing of
 re-commissioning and re-commencement of production at El Cubo, the
 de-risking of operations, future exploration results of its exploration
 and development program at Ocampo, 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 2011 results, operating
 performance projections for 2011, our ability to fully fund our
 business model internally, 2011 gold and silver production and the cash
 and operating costs associated therewith, the ability to achieve
 productivity and operational efficiencies, 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.


###


Table 1: Significant New Ocampo Underground Drilling Results, 2011
(above 2.00 grams per tonne gold equivalent)



 _________________________________________________________________________________
|   Drill |     From  |  To  |Length|    Gold  |    Silver  | AuEq(55) |      Vein|
|   Hole  |      (m)  |  (m) | (m)  |   (gpt)  |    (gpt)   |  (gpt)   |          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0884|           |      |      |          |         259|          |Aventurero|
|         |      166.5| 167.1|   0.6|      1.83|            |      6.54|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0884|           |      |      |          |       2,094|          |Aventurero|
|         |      233.5| 236.8|   3.3|     10.04|            |     48.11|          |
|_________|___________|______|______|__________|____________|__________|__________|
|Including|           |      |      |          |       1,330|          |Aventurero|
|         |      234.0| 234.5|   0.5|      9.01|            |     33.19|          |
|_________|___________|______|______|__________|____________|__________|__________|
|Including|           |      |      |          |       6,420|          |Aventurero|
|         |      235.1| 236.0|   0.8|     27.80|            |    144.53|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0884|           |      |      |          |         146|          |Aventurero|
|         |      238.1| 238.6|   0.5|      1.05|            |      3.71|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0884|           |      |      |          |         119|          |Aventurero|
|         |      241.3| 242.0|   0.7|      0.89|            |      3.05|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0885|           |      |      |          |            |          |Aventurero|
|         |       32.5|  32.9|   0.4|      3.87|          71|      5.17|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0885|           |      |      |          |         307|          |Aventurero|
|         |      170.9| 172.0|   1.2|      2.51|            |      8.09|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0887|           |      |      |          |            |          |Aventurero|
|         |      194.7| 195.5|   0.8|     16.50|          74|     17.84|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0887|           |      |      |          |            |          |Aventurero|
|         |      236.4| 236.8|   0.4|     14.30|          63|     15.44|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0887|           |      |      |          |            |          |Aventurero|
|         |      252.0| 255.0|   3.0|      1.59|          55|      2.60|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0887|           |      |      |          |            |          |Aventurero|
|         |      272.0| 272.5|   0.5|      0.82|          83|      2.33|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0889|           |      |      |          |            |          |Aventurero|
|         |      184.6| 185.3|   0.7|      0.56|          80|      2.02|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0889|           |      |      |          |            |          |Aventurero|
|         |      186.0| 186.5|   0.5|      0.42|          90|      2.05|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0889|           |      |      |          |         138|          |Aventurero|
|         |      200.2| 201.3|   1.1|      1.32|            |      3.83|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0889|           |      |      |          |       4,133|          |Aventurero|
|         |      208.3| 209.3|   1.0|     30.50|            |    105.65|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0891|           |      |      |          |         120|          |Aventurero|
|         |       16.3|  17.1|   0.8|      1.12|            |      3.30|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0891|           |      |      |          |            |          |Aventurero|
|         |       94.6|  95.5|   0.9|      1.28|          71|      2.58|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0895|           |      |      |          |         237|          |Aventurero|
|         |      168.4| 168.9|   0.5|      0.58|            |      4.89|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0895|           |      |      |          |         511|          |Aventurero|
|         |      174.9| 182.3|   7.4|      2.48|            |     11.78|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1070|           |      |      |          |            |          |Aventurero|
|         |      118.3| 119.2|   0.9|      1.73|          44|      2.53|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1071|           |      |      |          |            |          |Aventurero|
|         |      113.3| 114.2|   0.9|      0.45|          98|      2.23|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1073|           |      |      |          |         364|          |Aventurero|
|         |      105.0| 105.8|   0.8|      2.01|            |      8.63|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1074|           |      |      |          |         830|          |Aventurero|
|         |      126.0| 126.5|   0.5|      4.75|            |     19.84|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1075|           |      |      |          |            |          |Aventurero|
|         |      232.4| 233.4|   0.9|      0.94|          73|      2.27|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1076|           |      |      |          |         165|          |Aventurero|
|         |      244.0| 244.4|   0.5|      1.23|            |      4.23|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0892|           |      |      |          |         350|          |   Rosario|
|         |       23.8|  24.6|   0.9|      4.35|            |     10.71|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0975|           |      |      |          |            |          |   Rosario|
|         |       34.6|  35.2|   0.6|      1.89|          12|      2.11|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0976|           |      |      |          |         101|          |   Rosario|
|         |      295.2| 296.2|   1.0|      0.98|            |      2.82|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0978|           |      |      |          |         117|          |   Rosario|
|         |       15.5|  16.1|   0.6|     61.30|            |     63.43|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0978|           |      |      |          |            |          |   Rosario|
|         |      128.9| 129.6|   0.7|      1.99|          15|      2.26|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0982|           |      |      |          |         206|          |   Rosario|
|         |      139.2| 139.6|   0.4|      2.08|            |      5.83|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0992|           |      |      |          |         199|          |   Rosario|
|         |      133.0| 135.0|   2.0|      2.95|            |      6.58|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1027|           |      |      |          |            |          |   Rosario|
|         |        5.8|   6.5|   0.7|      2.08|          73|      3.41|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1027|           |      |      |          |            |          |   Rosario|
|         |        7.6|   8.3|   0.6|      1.28|          61|      2.39|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1027|           |      |      |          |         222|          |   Rosario|
|         |      120.6| 123.9|   3.3|      2.05|            |      6.09|          |
|_________|___________|______|______|__________|____________|__________|__________|
|Including|           |      |      |          |         677|          |   Rosario|
|         |      121.9| 122.4|   0.5|      7.40|            |     19.71|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1028|           |      |      |          |         113|          |   Rosario|
|         |      269.5| 269.9|   0.4|      1.05|            |      3.11|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1015|           |      |      |          |            |          |  San Jose|
|         |      119.1| 120.1|   1.1|      0.79|          82|      2.28|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1016|           |      |      |          |            |          |  San Jose|
|         |      136.9| 137.8|   1.0|      2.61|          21|      2.99|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1017|           |      |      |          |            |          |  San Jose|
|         |      102.6| 104.7|   2.1|      1.11|          91|      2.76|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1017|           |      |      |          |         119|          |  San Jose|
|         |      107.8| 109.0|   1.3|      6.45|            |      8.61|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1018|           |      |      |          |         384|          |  San Jose|
|         |      129.9| 131.1|   1.3|      4.70|            |     11.69|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1018|           |      |      |          |         116|          |  San Jose|
|         |      134.6| 135.5|   0.8|      0.05|            |      2.16|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1021|           |      |      |          |            |          |  San Jose|
|         |      123.0| 123.4|   0.4|     12.75|           7|     12.88|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1022|           |      |      |          |         261|          |  San Jose|
|         |      107.2| 108.0|   0.8|      0.09|            |      4.84|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1023|           |      |      |          |         150|          |  San Jose|
|         |       78.9|  79.3|   0.4|     39.80|            |     42.53|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1023|           |      |      |          |         336|          |  San Jose|
|         |      127.0| 127.5|   0.5|      0.39|            |      6.50|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1024|           |      |      |          |            |          |  San Jose|
|         |       48.6|  49.6|   0.9|      1.29|          76|      2.68|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1024|           |      |      |          |         304|          |  San Jose|
|         |      119.4| 121.3|   1.8|      3.12|            |      8.66|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1025|           |      |      |          |         167|          |  San Jose|
|         |       83.5|  83.9|   0.5|      5.54|            |      8.58|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1025|           |      |      |          |         189|          |  San Jose|
|         |      115.6| 116.6|   1.0|      0.09|            |      3.53|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1026|           |      |      |          |         145|          |  San Jose|
|         |        9.0|   9.5|   0.4|      4.09|            |      6.73|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1026|           |      |      |          |            |          |  San Jose|
|         |      136.1| 137.0|   0.8|      1.30|          44|      2.10|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1026|           |      |      |          |         631|          |  San Jose|
|         |      139.5| 143.0|   3.5|      5.14|            |     16.61|          |
|_________|___________|______|______|__________|____________|__________|__________|
|Including|           |      |      |          |         908|          |  San Jose|
|         |      141.0| 143.0|   2.0|      6.23|            |     22.74|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1094|           |      |      |          |         190|          |  San Jose|
|         |      110.4| 111.9|   1.4|      1.46|            |      4.92|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1094|           |      |      |          |            |          |  San Jose|
|         |      114.1| 114.9|   0.9|      0.46|          97|      2.22|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0826|           |      |      |          |            |          |     Santa|
|         |      276.7| 277.9|   1.2|      4.36|          15|      4.64|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1030|           |      |      |          |            |          |     Santa|
|         |      269.3| 272.1|   2.9|      1.35|          50|      2.27|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1033|           |      |      |          |         171|          |     Santa|
|         |      169.5| 171.7|   2.2|      4.80|            |      7.92|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1033|           |      |      |          |            |          |     Santa|
|         |      180.8| 182.1|   1.3|      0.95|          67|      2.17|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1034|           |      |      |          |            |          |     Santa|
|         |      229.6| 230.3|   0.8|      2.10|           1|      2.12|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1035|           |      |      |          |            |          |     Santa|
|         |      180.0| 181.3|   1.3|      6.42|          23|      6.85|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1035|           |      |      |          |            |          |     Santa|
|         |      187.1| 188.5|   1.4|      3.39|          14|      3.65|  Eduviges|
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0948|           |      |      |          |         244|          | San Amado|
|         |      179.1| 181.1|   2.0|     20.77|            |     25.20|          |
|_________|___________|______|______|__________|____________|__________|__________|
|Including|           |      |      |          |         598|          | San Amado|
|         |      179.1| 179.8|   0.7|     57.90|            |     68.77|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-0951|           |      |      |          |            |          | San Amado|
|         |      160.5| 162.0|   1.6|      4.00|          24|      4.43|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1052|           |      |      |          |         266|          | San Amado|
|         |      189.3| 189.8|   0.5|      5.03|            |      9.87|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1055|           |      |      |          |            |          | San Amado|
|         |       72.3|  73.1|   0.8|      3.09|           1|      3.10|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1056|           |      |      |          |            |          | San Amado|
|         |      150.0| 150.8|   0.9|      3.52|           4|      3.59|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1056|           |      |      |          |            |          | San Amado|
|         |      156.4| 157.4|   1.0|      5.13|          97|      6.90|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1057|           |      |      |          |            |          | San Amado|
|         |      194.9| 195.4|   0.4|      5.77|          67|      6.98|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1063|           |      |      |          |         724|          | San Amado|
|         |      151.9| 153.2|   1.3|     41.71|            |     54.88|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1064|           |      |      |          |            |          | San Amado|
|         |      162.4| 162.8|   0.5|     34.20|          68|     35.43|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1067|           |      |      |          |         727|          | San Amado|
|         |      191.3| 192.0|   0.7|     51.20|            |     64.42|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1089|           |      |      |          |            |          |   El Rayo|
|         |      183.2| 183.6|   0.4|      1.91|           9|      2.08|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1090|           |      |      |          |            |          |   El Rayo|
|         |      160.3| 160.8|   0.4|      2.08|           5|      2.17|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1092|           |      |      |          |            |          |   El Rayo|
|         |      150.6| 151.0|   0.4|      2.21|           3|      2.27|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1093|           |      |      |          |            |          |   El Rayo|
|         |      147.7| 148.3|   0.6|      3.78|           3|      3.84|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1140|           |      |      |          |         993|          |   El Rayo|
|         |      196.7| 197.3|   0.6|     19.10|            |     37.16|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1141|           |      |      |          |            |          |   El Rayo|
|         |      146.3| 147.1|   0.8|      5.15|          38|      5.84|          |
|_________|___________|______|______|__________|____________|__________|__________|
|  OU-1150|           |      |      |          |            |          |   El Rayo|
|         |      229.7| 230.2|   0.5|      4.44|          13|      4.67|          |
|_________|___________|______|______|__________|____________|__________|__________|





Note:  The Ocampo underground exploration information has been reviewed
 by Qualified Person, Mr. Ian Hardesty. All gold sample analyses for
 Ocampo were performed by Chemex Laboratories, based in Vancouver,
 British Columbia, using standard fire assay procedures, with an AA
 finish. Silver is analyzed using a four-acid digestion with ICP finish,
 and fire assays for samples over 100 grams per tonne silver. 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.


Table 2:  Significant New Ocampo Surface Drilling Results, 2011
(Above 0.30 grams per tonne gold equivalent)


 ____________________________________________________________________
|   Drill |From | To  |Length  |Gold |Silver |AuEq(55) |         Vein|
|   Hole  | (m) | (m) |  (m)   |(gpt)| (gpt) |  (gpt)  |             |
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1263  | 50.1| 50.6|     0.5| 4.36|      0|     4.36|   Altagracia|
|         |     |     |        |     |       |         |         Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1263  | 62.2| 95.0|    32.9| 0.25|     13|     0.48|   Altagracia|
|         |     |     |        |     |       |         |         Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 71.7| 75.5|     3.8| 1.17|     85|     2.71|   Altagracia|
|         |     |     |        |     |       |         |         Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1269  | 57.2| 61.6|     4.4| 0.38|     36|     1.04|   Altagracia|
|         |     |     |        |     |       |         |         Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1269  | 80.4| 90.0|     9.6| 2.97|    281|     8.08|   Altagracia|
|         |     |     |        |     |       |         |         Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 82.9| 88.0|     5.1| 5.28|    504|    14.45|   Altagracia|
|         |     |     |        |     |       |         |         Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1248  | 73.2| 73.8|     0.6| 1.07|     82|     2.56|   Altagracia|
|         |     |     |        |     |       |         |        Lower|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1231  | 28.5| 33.0|     4.5| 0.20|     11|     0.40|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1231  | 74.2| 75.2|     1.0| 1.67|     15|     1.94|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1235  | 85.3| 87.0|     1.7| 2.73|     18|     3.05|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1243  | 30.3| 30.8|     0.5| 2.05|      7|     2.18|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1243  | 37.0| 37.5|     0.5| 5.94|      9|     6.10|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1243  | 42.4| 42.9|     0.6| 1.56|      5|     1.65|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1243  | 60.3| 72.0|    11.7| 0.59|     14|     0.84|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 65.0| 66.7|     1.7| 3.36|     52|     4.30|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1260  |102.6|131.2|    28.6| 0.49|     24|     0.93|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including|110.0|114.0|     4.0| 1.29|     41|     2.04|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1260  |144.0|150.0|     6.1| 0.13|     12|     0.35|   Altagracia|
|         |     |     |        |     |       |         |         Mina|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1264  | 13.8| 14.3|     0.5| 2.55|      9|     2.71|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1264  | 28.0| 28.5|     0.5| 0.95|     33|     1.55|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1273  | 30.8| 34.7|     3.9| 1.19|      7|     1.32|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1273  | 38.5| 62.4|    23.9| 1.03|     35|     1.67|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 40.8| 43.2|     2.4| 5.83|     89|     7.46|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1273  | 61.4| 62.4|     1.1| 1.96|    115|     4.05|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1277  | 42.0| 50.5|     8.5| 0.27|      0|     0.28|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1277  | 56.1| 56.7|     0.6| 1.32|      7|     1.44|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1277  | 79.8| 80.3|     0.5| 5.96|    173|     9.11|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1283  | 49.0| 70.8|    21.8| 0.59|     21|     0.96|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 54.3| 57.4|     3.1| 1.96|     36|     2.61|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1290  | 81.9| 82.8|     0.9|14.90|     24|    15.34|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1310  |129.7|130.6|     0.9| 5.28|    128|     7.61|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1310  |152.4|153.3|     0.9| 0.33|    122|     2.55|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1319  |139.0|139.5|     0.5| 7.78|     43|     8.55|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1321  |139.3|150.5|    11.2| 0.54|     28|     1.06|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including|139.9|141.7|     1.8| 1.77|     83|     3.28|   Aventurero|
|         |     |     |        |     |       |         |      Nivel 2|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1238  | 35.5| 36.0|     0.5| 0.25|     39|     0.96|Aventurero SE|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1318  | 34.4| 35.4|     1.0| 1.12|     44|     1.92|Aventurero-SM|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1325  | 51.9| 62.0|    10.2| 0.38|     16|     0.67|Aventurero-SM|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1240  | 21.2| 23.0|     1.8| 1.24|     25|     1.69|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1240  | 35.8| 36.4|     0.6| 0.86|     66|     2.06|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1240  | 45.3| 63.3|    18.0| 0.35|     35|     0.99|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 56.6| 58.2|     1.7| 1.03|    139|     3.55|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1262  |  9.6| 10.1|     0.5| 1.56|     10|     1.74|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1262  | 14.1| 15.0|     0.9| 0.10|     84|     1.63|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1262  | 42.7| 47.4|     4.7| 0.08|     22|     0.47|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1262  | 56.1| 65.3|     9.2| 0.53|     31|     1.09|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 56.6| 57.1|     0.5| 1.75|     32|     2.32|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 64.7| 65.3|     0.6| 0.20|    169|     3.27|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1285  | 67.1| 68.2|     1.1| 0.29|     34|     0.90|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1285  | 76.9|100.9|    24.0| 1.36|     77|     2.76|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 77.9| 78.5|     0.6| 5.89|    239|    10.24|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 85.8| 87.0|     1.2| 6.14|    300|    11.59|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 95.0|101.5|     6.5| 2.40|    138|     4.91|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1285  |106.8|107.6|     0.9| 0.75|     27|     1.24|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1285  |114.2|114.7|     0.5| 1.63|     35|     2.27|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1291  | 32.5| 43.2|    10.7| 1.36|     72|     2.66|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 37.2| 40.8|     3.6| 3.41|    179|     6.67|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1291  | 50.3| 51.5|     1.2| 0.49|     40|     1.22|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1293  | 89.1|103.7|    14.6| 0.64|     42|     1.41|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 89.1| 89.6|     0.5| 2.81|     67|     4.02|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 96.1| 97.6|     1.5| 2.51|     36|     3.16|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1296  | 24.8| 25.5|     0.6| 2.45|     99|     4.25|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1296  | 41.7| 42.3|     0.6| 2.13|     93|     3.82|   Belen Alto|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1266  | 70.5| 73.8|     3.3| 1.50|    144|     4.11|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1266  | 73.8|102.0|    28.2| 0.52|     19|     0.85|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 85.8| 87.0|     1.2| 7.13|      6|     7.24|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1272A | 68.4|101.0|    32.6| 0.27|     71|     1.56|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 73.9| 74.6|     0.7| 0.00|    301|     5.47|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 82.6| 83.3|     0.7| 0.19|    232|     4.41|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 92.9| 95.1|     2.2| 1.62|    543|    11.50|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1295  | 45.0| 54.4|     9.5| 0.66|     37|     1.34|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 50.5| 51.2|     0.6| 5.55|    217|     9.50|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1295  | 59.0| 63.0|     4.0| 0.43|     24|     0.86|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1299  |105.5|132.9|    27.4| 0.36|     40|     1.08|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including|110.3|112.6|     2.3| 4.01|     93|     5.69|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1307  | 66.0| 89.0|    23.0| 0.94|    115|     3.03|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 80.3| 87.0|     6.7| 2.75|    349|     9.10|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1315  | 70.5| 71.9|     1.5| 0.39|     32|     0.97|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1315  | 87.2|116.9|    29.7| 0.14|     59|     1.21|   Belen Bajo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1297  |252.0|252.6|     0.6| 0.92|     16|     1.21|      Cizalla|
|         |     |     |        |     |       |         |   Aventurero|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1297  |270.9|273.4|     2.5| 2.85|     68|     4.09|      Cizalla|
|         |     |     |        |     |       |         |   Aventurero|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1304  | 40.1| 42.2|     2.2| 4.05|     77|     5.46|      Cizalla|
|         |     |     |        |     |       |         |   Aventurero|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1304  |174.8|176.2|     1.3| 3.93|     11|     4.13|      Cizalla|
|         |     |     |        |     |       |         |   Aventurero|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1225  | 58.6| 66.0|     7.4| 0.07|      7|     0.21|       Cubiro|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1225  | 66.0| 71.6|     5.7| 1.24|     26|     1.72|       Cubiro|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 67.6| 70.1|     2.5| 1.65|     32|     2.22|       Cubiro|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1236  | 35.8| 36.9|     1.1| 0.35|     56|     1.36|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1323  | 34.8| 35.3|     0.5|61.80|   2030|    98.71|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1323  | 35.3| 35.8|     0.5| 0.26|     20|     0.61|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1323  | 48.8| 49.9|     1.1| 3.70|      8|     3.84|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1324  | 27.3| 28.0|     0.6| 8.33|      7|     8.46|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1324  | 29.0| 29.5|     0.5| 0.67|     48|     1.53|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1324  | 29.5| 30.0|     0.5| 6.74|    338|    12.89|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1331  | 96.7| 97.2|     0.5| 1.50|     71|     2.79|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1331  | 98.5|100.3|     1.8|18.63|   1326|    42.74|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1331  |104.5|105.0|     0.5| 1.38|     38|     2.08|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1331  |105.8|106.3|     0.5| 2.03|      4|     2.10|      El Rayo|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1265  | 65.5| 67.2|     1.7| 1.01|     25|     1.46|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1265  | 72.9| 85.4|    12.6| 0.61|     23|     1.03|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 76.3| 78.0|     1.7| 2.57|     72|     3.87|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1274  | 75.2| 75.7|     0.5| 2.03|     21|     2.41|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1274  |105.1|123.7|    18.6| 0.63|      7|     0.77|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including|120.0|123.7|     3.7| 1.68|     35|     2.32|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1282  | 71.4| 74.5|     3.2| 1.52|      0|     1.52|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1282  | 99.0|117.0|    18.0| 2.26|     41|     3.01|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including|106.8|109.8|     3.1| 8.77|    122|    10.99|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including|116.4|117.0|     0.7| 3.08|     18|     3.41|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1292  | 21.2| 24.0|     2.9| 2.20|   68.1|     3.40|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1292  | 86.6| 87.1|     0.5| 3.58|    104|     5.47|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1292  | 99.7|101.2|     1.5| 1.48|     30|     2.03|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1305  | 53.2| 53.8|     0.6| 2.01|      0|     2.01|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1305  | 64.1| 65.5|     1.5| 2.07|      0|     2.07|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1305  | 93.1| 94.8|     1.7| 6.32|     87|     7.90|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1309  | 17.3| 18.1|     0.8| 6.89|     23|     7.31|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1309  | 80.7| 81.7|     1.0| 1.10|     16|     1.39|  Jesus Maria|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1304  | 40.1| 42.2|     2.2| 4.10|   77.0|     5.50|Maria-Molinas|
|         |     |     |        |     |       |         |           SW|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1304  |174.8|176.2|     1.3| 3.90|   11.0|     4.10|Maria-Molinas|
|         |     |     |        |     |       |         |           SW|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1311  |294.5|295.1|     0.6| 3.59|     44|     4.39|Maria-Molinas|
|         |     |     |        |     |       |         |           SW|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1300  |129.5|130.0|     0.6| 0.76|     58|     1.82|      Picacho|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1300  |132.1|132.8|     0.7| 0.54|     54|     1.52|      Picacho|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1313  | 21.5| 35.4|    13.9| 0.47|     21|     0.85|      Picacho|
|_________|_____|_____|________|_____|_______|_________|_____________|
|Including| 32.8| 33.7|     0.9| 2.60|  123.0|     4.80|      Picacho|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1313  | 32.8| 33.7|     0.9| 2.55|    123|     4.79|      Picacho|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1313  |115.1|117.4|     2.3| 0.39|     51|     1.33|      Picacho|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1288  |212.3|213.6|     1.4| 1.72|    268|     6.59|Santa Juliana|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1220  | 83.5| 91.3|     7.9| 0.50|   31.2|     1.10|Santa Librada|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1237  | 45.0| 46.0|     1.0| 8.47|     63|     9.62|Santa Librada|
|_________|_____|_____|________|_____|_______|_________|_____________|
|OG-1242  | 40.4| 59.6|    19.3| 0.00|   23.8|     0.50|Santa Librada|
|_________|_____|_____|________|_____|_______|_________|_____________|




Note:  The Ocampo surface exploration information has been reviewed by
 Qualified Person, Mr. Peter Drobeck. All gold sample analyses for
 Ocampo were performed by ALS-Chemex Laboratories, based in Vancouver,
 British Columbia, using standard fire assay procedures with an AA
 finish. Silver is analyzed using a four-acid digestion with ICP finish,
 and fire assays for samples over 100 grams per tonne silver. 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.


 


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p  /p p align="justify" For further information please visit the Gammon gold website at a href="http://www.gammongold.com"www.gammongold.com/a or contact: /p table border="0" cellspacing="0" valign="top" tr valign="top" td align="left" bPeter Drobeck/bbr/ Sr. VP Exploration & Business Developmentbr/ Gammon Gold Inc.br/ 647-260-8880 /td td align="left" bAnne Day/bbr/ Director of Investor Relationsbr/ Gammon Gold Inc.br/ 647-260-8880 /td /tr /table p   /p 

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