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GYD Grayd Resource Corporation

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Share Name Share Symbol Market Type
Grayd Resource Corporation TSXV:GYD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Grayd Extends North Zone at La India

15/12/2009 12:31pm

Marketwired Canada


Grayd Resource Corporation (TSX VENTURE:GYD) today reported a 25% strike length
extension to gold mineralization within the North Zone at its wholly owned La
India Project in Mexico. Assay results from four reverse circulation holes
drilled to the northwest of holes used in the February 2008 resource all
intersected near surface gold mineralization. Results included 45.7 metres
grading 1.80 g/t Au, 38.1 metres grading 1.80 g/t Au and 13.7 metres grading
1.60 g/t Au.


The North Zone makes up approximately 40% of the total current resource on the
property. In a press release dated June 16th, 2009, the Company announced that
it had intersected gold mineralization in wide spaced holes up to 250 metres
west of the resource. The recent results are from an ongoing drill program
designed to confirm continuity of gold mineralization within this extension and
to further test the northern and western extents to the zone. 


Marc Prefontaine, President and CEO, of Grayd stated: "To intersect plus 1 g/t
Au material over significant widths in this area is very positive. Drilling has
added 200 metres of strike length to the area with higher grades in the North
Zone. Assays are pending from a number of other holes drilled in a 400 metre by
200 metre area to the west of the 2008 resource and to the west of these most
recent holes." 


The drill program at La India is ongoing with two drills currently working.



La India Project - North Zone Extension Reverse Circulation Holes

-----------------------------------------------------------------
Hole          Easting  Northing  From (m)  To (m)  Meters  Au g/t
-----------------------------------------------------------------
RC-09-520      706167   3179287      6.1    44.2     38.1    1.80
-----------------------------------------------------------------
RC09-521       706103   3179304      6.1    19.8     13.7    1.60
-----------------------------------------------------------------
RC09-522       706062   3179276      1.5    18.3     16.8    0.42
-----------------------------------------------------------------
RC-09-523      706166   3179185      7.6    53.3     45.7    1.80
-----------------------------------------------------------------



Hans Smit, P.Geo., VP Exploration for Grayd, is the Qualified Person directing
the exploration at La India. Samples are sent to the ALS Chemex facility in
Hermosillo for sample preparation, and then to the ALS Chemex laboratory in
Vancouver for gold assay and ICP. QA/QC procedures used include assay standards
and blanks. Maps showing the location of drill are posted on Grayd's website
(www.grayd.com).


The La India gold project is located in the prolific Mulatos gold belt of
Mexico's Sonora state. The project has a NI43-101 compliant gold resource of
559,000 ounces grading 1.01 g/t in the Indicated category and 318,000 ounces
grading 1.05 g/t in the Inferred category, all at a 0.5 g/t cut-off grade. The
resource consists of 17.2 and 9.4 million tonnes of Indicated and Inferred
material, respectively. This same district hosts Alamos Gold's Mulatos mine,
which produced 151,000 ounces of gold in 2008 and had a reported a resource of
4.75 million ounce of gold at the end of 2008.


Grayd Resource is a growth-oriented junior natural resource company focused
primarily on identifying, exploring and developing precious metal deposits. The
Company's Officers and Directors are very experienced in all aspects of mineral
exploration, development and production and have been involved in a number of
successful mining projects around the world over the past 20 years.


The information in this news release may contain forward-looking statements.
When used in this release, words such as "estimate", "expect", "anticipate" and
"believe" as well as similar expression are intended to identify forward-looking
statements. Such statements are used to describe management's future plans,
objects, and goals for the Company and therefore involve inherent risks and
uncertainties. The reader is cautioned that actual results, performance or
achievements may be materially different from those implied or expressed in such
statements, which speak only as of the date the statements were made. The
Company does not update forward-looking statements continually as conditions
change.


To view accompanying Drill Map, please click on the following link:
http://media3.marketwire.com/docs/DrillmapNR1215.pdf


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