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LGD Lund Enterprises Corporation

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Share Name Share Symbol Market Type
Lund Enterprises Corporation TSXV:LGD TSX Venture Common Stock
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Lund Starts Exploration at Don-Don Project

29/10/2009 5:32pm

Marketwired Canada


Lund Gold Ltd. (TSX VENTURE:LGD) has commenced exploration at its newly optioned
Don-Don Property, accessible by road 250 kilometres north of Ft. St. James and
located in the Omineca Mining Division of British Columbia. The 6,105-hectare
property is situated in the northern Quesnel Trough, the structural
stratigraphic corridor that hosts the producing Kemess mine, the advanced Mt.
Milligan mine project, Amarc Resource Ltd.'s ("Amarc") contiguous Pinchi Project
and Serengeti Resources's recently discovered Kwanika deposit (45 kms to the
south).


A large northwest trending, coincident airborne magnetic and ground induced
polarization (IP) geophysical anomaly on Amarc's adjacent Pinchi project
property has been targeted in their recent drill program. This prominent
geophysical target coincides with a portion of the Pinchi Fault where intrusive
phases of the Hogem Batholith have been found to host copper-gold
mineralization. Approximately 600 metres of this coincident I.P.
chargeability/magnetic anomaly appears to be open to depth to the southwest,
potentially extending onto the northern portion of the Don-Don property. A
second, nearby sub parallel northwest trending magnetic anomaly, which may
represent a slice of the Hogem intrusive rocks has also been identified.


In addition, Lund has contracted Kit Campbell of Intrepid geophysics to complete
a review of the available public, regional geophysical, geochemical and remote
sensing data for the area. Five EM anomalies were identified to occur within an
overall anomalously (20 by 10 kilometre) conductive zone within the central and
southern portion of the Don-Don property. Higher resolution aeromagnetic data
has also identified a number of linear features, possibly related to structures
or lithological contacts and smaller, possibly intrusive related, magnetic
signatures.


The above anomalies constitute the first generation of exploration targets to be
evaluated. Lund's initial exploration program, now underway, will consist of 20
kilometres of line cutting, induced polarization (IP) and ground magnetic
surveys followed by at least 1,000 metres of diamond drilling.


Prospective rocks of the Quesnel Trough cut through central British Columbia
from the U.S. border north to the Stikine River and host most of the province's
producing copper mines and advanced deposits. This 2,000-km-long belt is known
as a prime exploration ground for alkalic copper-gold-silver deposits and
calc-alkaline porphyry copper-molybdenum deposits, but is also prospective for
other mineral deposit types. The diverse mineral potential and new mineral
discoveries within the Quesnel Trough have made it attractive for exploration
and Lund is pleased to be active in British Columbia's most productive mineral
belt.


To find out more about Lund Gold Ltd. (TSX VENTURE:LGD), visit our website at
www.lundgold.com.


On behalf of the Board of Directors of LUND GOLD LTD.

Chet Idziszek, President

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