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Toronto, ON - September 5, 2007 - VG Gold Corp., (TSX-V: VG),
(FRANKFURT: VN3), announces drill results from seven exploration
drill holes recently completed in the South Mine area of the
Buffalo Ankerite Property. The results continue to expand the gold
mineralization and to indicate good exploration potential for the
South Mine area of the Buffalo Ankerite property.
Highlights:
* VBA-07-74 assayed 13.75 grams Au per tonne over 9.14 metres
including 21.54 grams Au over 4.11 metres
* VBA-07-75 assayed 3.23 grams Au per tonne over 22.86 metres
including 8.86 grams Au over 3.66 metres
* VBA-07-78 assayed 4.74 grams Au per tonne over 11.92 metres
including 6.0 grams Au over 9.0 metres including 13.36 grams Au
over 3.0 metres
The Company is drilling the steeply dipping gold mineralization in
the South Mine area located below the area of the South Mine pits
that were operated during the early 1980\'s. The program is
targeted on delineation and definition of the gold mineralization
above the 200-metre level at the South pits location, with the
intention of increasing and upgrading the resource. Drilling is
currently ongoing at depths below 200 metres, with plans to
continue to follow the gold mineralization to greater depths.
Several neighboring mines have been developed to depths in the
range of 1,700 to 2,500 metres.
-***-
VBA-07-72
--------------------------------------------------------------------------------
Intersection Length Gold
(in Metres) Grams per Ounces Per
From To Metres Feet Tonne ton
--------------------------------------------------------------------------------
12.5 13.99 1.49 4.9 2.1 0.061
--------------------------------------------------------------------------------
24.87 25.42 0.55 1.8 2.1 0.061
--------------------------------------------------------------------------------
VBA-07-73
--------------------------------------------------------------------------------
1.52 5.0 1.3 0.038
--------------------------------------------------------------------------------
0.61 2.0 1.7 0.050
--------------------------------------------------------------------------------
VBA-07-74
--------------------------------------------------------------------------------
22.71 31.85 9.14 30.0 13.75 0.40
--------------------------------------------------------------------------------
including 4.11 13.5 21.54 0.63
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
946.12 946.79 1.46 4.79 3.80 0.11
--------------------------------------------------------------------------------
VBA-07-75
--------------------------------------------------------------------------------
19.87 42.67 22.86 75.0 3.23 0.09
--------------------------------------------------------------------------------
including 13.72 45.0 4.21 0.12
--------------------------------------------------------------------------------
including 3.66 12.0 8.86 0.26
--------------------------------------------------------------------------------
VBA-07-76
--------------------------------------------------------------------------------
4.57 10.36 5.79 19.0 3.6 0.11
--------------------------------------------------------------------------------
VBA-07-77
--------------------------------------------------------------------------------
11.43 16.18 4.75 15.6 2.9 0.08
--------------------------------------------------------------------------------
including 1.34 4.4 3.1 0.09
--------------------------------------------------------------------------------
VBA-07-78
--------------------------------------------------------------------------------
48.59 60.5 11.92 39.1 4.74 0.14
--------------------------------------------------------------------------------
including 9.0 29.5 6.0 0.18
--------------------------------------------------------------------------------
including 3.0 9.8 13.36 0.39
--------------------------------------------------------------------------------
-****-
Notes:
* Lengths reported are core intersection lengths and do not
represent true widths.
* It is anticipated that true width estimates will be made possible
after additional drilling.
* Conversion: grams per tonne times 0.0292 equals troy ounce per
short ton.
Seven drill holes tested east - west trending gold zones that are
located in the east area of the Buffalo Ankerite South Mine. The
Buffalo Ankerite Property saw historical production of 1,018,000
gold ounces between 1926 and 1953 (Ontario Ministry of Northern
Development and Mines, Buffalo Ankerite & Ankerite March
listings). The property continues to hold significant potential to
explore and develop both surface mineable and deeper, down dip gold
mineralization. Records of historic underground workings and
drilling indicate good potential to expand gold mineralization on
the property. Known gold mineralized stratigraphy crosses the
Buffalo Ankerite property for a strike length of 2,000 metres,
which is located within the 6,000-metre length of the regional
geological structure, known as the south limb of the Porcupine
syncline. The Porcupine Gold Camp has produced more than 60 million
ounces of gold to date (source: Ontario Ministry of Northern
Development and Mines).
The spring / summer drill program intersected mineralized
quartz-tourmaline breccia zones which are recognized as host rocks
for ore in the prolific Timmins Gold Camp, and all of the drill
holes intersected gold values. Our targets are in the area of the
historic production on the Buffalo Ankerite property where we are
exploring the extensions of, and adjacent to, the previously mined
areas.
Tom Meredith, President and CEO said, \"We are very pleased with
the outcome of our last drill program and are excited about
following up on the significant potential of the property.\"
All exploration work was conducted under Kenneth Guy, P. Geo.,
designated Qualified Person for VG Gold, who has reviewed the this
press release. Gold analysis of samples collected by Vedron were
assayed by Laboratoire Expert in Rouyn-Noranda, Quebec. Analysis
consisted of a fire assay of a 30-gram sample with an atomic
absorption finish. Samples assaying over 1.0 gram per tonne Au are
re-assayed with gravimetric finish. Samples noted to contain
visible gold are analyzed via total metallic assay method. A
rigorous Quality Control and Assurance program (QA/QC) is in place,
using control samples such as Blanks and Rocklabs Standards and
duplicate checks. In addition, duplicate analyses of 10% of the
samples were corroborated by check assays on sample performed by
Bourlamaque Laboratory of Val D\'Or, Quebec.
For further information contact Tom Meredith, President of VG Gold,
(416) 368-0099.
To learn more about VG Gold (TSX-V: VG), visit our website:
www.vggoldcorp.com. A map of the Company\'s recent drilling can be
found at http://www.vggoldcorp.com/drilling.html.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Shares: 86,201,014
For further information contact:
Tom Meredith
President
VG Gold
(416) 368-0099
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