4.83 g/t gol as 30% thro (see press r hole 12‐03 m Results rep Triton hole Hole 12‐04 mineralizati Triton’s 96‐ mineralizati MINING.COM F ONTARIO –
F.D D.G. Mining In nc. 2810 – 130 K King Street West To oronto, ON, Ca anada, M5X 1A A6 Phone e: 416.479.443
NEW WS RELE EASE
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FDG MININ NG INC. EXP PANDS MI INERALIZA ATION TO D DEPTH AT TH HE TOPACI IO CONCES SSION, NIC CARAGUA
TORONTO, ONTARIO – March 14, 2
2012 – FDG M Mining Inc. (“ “FDG Mining”
” or the “Com mpany”) (TSX X‐V: FDG) is pleased to provide an u update on the e progress of f the ongoing g diamond dr rill program a and announc ce the assay results from m five additional diamond core holes drilled at the T Topacio Conc cession. Four r holes drilled d below the inferred res source of 68 80,000 tonne es of 5.2 g/t gold and 34 g/t silver, extended th he mineraliza ation by an additional 6 60 meters.
Four of the five holes we ere drilled to test mineralization outsid de of the know wn resource i in an effort to
- define the
limits of the Topacio system. All thicknesses quoted here ar re based on downhole de epth measure ements and therefore re ess. True thickness of the intercepts ma epresent apparent thickne ay be somew what less.
Hole 12‐03 twinned hist toric Triton M Mining Corpo oration (“Trito on”) hole 96 6‐02 which co ontained 5.99 9 meters of 4.83 g/t gold and 41.19 g/t silver. Dr rilling problem ms encounter red in hole 12 2‐03 resulted d in core reco overy as low as 30% thro ough the quar rtz vein host. Based on earlier favorabl le comparisons with poorl ly recovered T Triton holes (see press r releases dated January 16, , 2012 and Ja anuary 31, 20 012) the Com mpany believe es that assay v values from hole 12‐03 m may not be re epresentative e of gold values within the e mineralized interval.
Results reported herein include Hole e 12‐05 whic ch confirmed significant g gold mineraliz zation below high grade Triton hole 96‐29 (3.7m of 10.83g/t g gold, 74.02 g/ /t silver) to a depth of app proximately 7 75 meters bel low surface. Hole 12‐04 4 tested the Topacio vein below stro ongly minera alized Triton hole 96‐18.
. Hole 12‐0 06 undercut mineralizati ion drilled at hole 12‐05. Hole 12‐08 a attempted to
- extend the s significant go old grades int tercepted in
Triton’s 96‐ ‐33A. Drill h holes 12‐04, 12‐06 and 1 12‐08 all inte ercepted rela atively thick zones of alte eration and mineralizati ion.
| D | ril | l Hole | From(m) | To(m) | Interval(m | ) | Au g/t | Ag g/t |
| 12‐03 63.40 66.40 3.00 1.8 12.4 76.40 79.40 3.00 1.3 10.8 | ||||||||
| 12‐04 153.00 157.00 4.00 0.8 3.0 includes 154.00 155.00 1.00 1.4 3.8 | ||||||||
| 12‐05 78.50 85.50 7.00 2.1 56.8 includes 79.50 82.50 3.00 3.5 114.5 | ||||||||
| 12‐06 122.00 134.50 12.50 0.4 5.1 includes 122.00 122.50 0.50 1.1 4.7 and 129.25 130.25 1.00 1.0 27.8 |
WWW.FDGM MINING.COM TSX‐V: FD DG
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| D | rill Hole | From(m) | To(m) | Interval(m) | Au g/t | Ag g/t |
| 12‐08 49.90 50.50 0.60 13.8 158.5 and 55.50 67.60 12.10 0.8 7.2 includes 57.50 58.50 1.00 1.3 13.0 and 63.50 67.60 4.10 1.6 6.3 and 92.00 93.00 1.00 0.9 3.7 and 111.00 111.75 0.75 0.4 8.4 |
FDG Mining has thus far completed 16 core holes (2,034 meters) of the planned 26 drill hole (4,000 meters) program on the Topacio, Brasil and Mico veins. The first phase, which is in progress, consists of 20 diamond drill holes meant to confirm the 1996 Triton drill results on the Topacio vein and to test the Topacio vein beyond the known resource limits as defined by the Triton drill program. At present, the resource is open along strike to the NE and SW. At its deepest, the inferred resource extends to a depth of 200 meters from surface and, as currently defined, is open at depth.
The second phase of the drill program will test high grade gold mineralization identified in FDG trenches that cut the Brasil and Mico veins. On the Brasil vein, one hole will test mineralization below trench FT 211 where a 12.5 meter zone of quartz veining and associated alteration grades 6.81 g/t gold. A second hole will test the 13 meter‐wide zone grading 2.68 g/t gold in trench FT 212. Several core holes are also planned to test high grade gold values in multiple trenches on the Mico vein.
Pursuant to the Company’s quality‐control, quality assurance procedures, samples will be submitted for re‐ analysis based on their proximity to a certified reference standard that returned a gold value greater than three‐ standard deviations higher or lower than the mean value for that standard. In addition, any two consecutive reference standards falling outside the two‐standard deviation threshold will be considered to have failed. Since every twentieth sample is a reference standard, ten samples above and below a failed standard will be re‐ analyzed. The same protocol will be applied to duplicate samples considered to have unacceptably divergent gold values. Periodically, random samples will be submitted to another laboratory as an external check on the results provided by the primary lab. The analytical results received from Inspectorate and disclosed in this news release have been reviewed by Robert Suda, P. Geo., Vice‐President Exploration of FDG Mining and a Qualified Person as defined under NI 43‐101.
The Company is also pleased to announced the appointment of Lisa McCormack as Corporate Secretary of the Company. Ms. McCormack is a seasoned professional Law Clerk, specializing in securities and corporate law. She is currently Corporate Secretary of several public companies. She has over 15 years of experience working for various securities and corporate finance law firms in Toronto and assisting public issuers within the mining industry.
About FDG Mining Inc. (www.fdgmining.com)
FDG Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past‐producing 9300 hectare Topacio gold concession. Topacio has an NI 43‐101 compliant inferred resource of 680,000 tonnes grading 5.2 g/t gold and 34 g/t silver, and a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG Mining trades on the TSX Venture Exchange under the symbol FDG.
On Behalf of the Board of Directors
Daniel T. Farrell, President and Chief Executive Officer
For Further Information please contact Dan McIntyre, Manager‐ Investor Relations, (778) 279‐3402 ‐ 3 ‐
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward‐looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward‐ looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.