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Ironwood Gold Completes Mobile Metal Ion Survey at Rock Creek Project, Nevada

SCOTTSDALE, AZ--(Marketwire - 11/10/10) - Ironwood Gold Corp. (OTC.BB:IROG - News) (the "Company") is pleased to provide an update and announce the favorable results of the Mobile Metal Ion (MMI) soil survey that was completed October 12th at its Rock Creek property in Nevada.The MMI data indicates a strong 1.6km long gold-arsenic anomaly that extends from the south east claim boundary to the western edge of the Bluto Claim Block. It should be noted that diamond drill hole CC-2 which is located at the North West side of the MMI stopped in Paleozoic rocks. A brief description of the hole is given from an N.I. 43-101 report prepared by Russell Crosby, P Geo.: "One hole (CC-2, penetrated a portion of the Paleozoic section. The top 265 feet of this hole penetrated altered tuff with numerous gold shows. At 240 feet the hole encountered 25 feet of weak gold mineralization and then bottomed in 135 feet of pyritized, carbonaceous siltstone. The bottom 180 feet of this hole contained 0.1 opt ('ounce per ton') Ag and was increasing notably in the bottom 50 feet."The Rock Creek property is in the northern part of the Carlin Trend and has similar geology and deep seated structures found in the mineralized zones within the more southern part of the trend. Newmont, Barrick and other companies have located and are mining gold deposits that have at least 1 - 5 million ounces of gold and some, like the Goldstrike mine (Barrick), had 17 million ounces of gold reserves in 2005. Newmont has reserves of over 33 million ounces and is the largest land owner in the trend. Over 50 million ounces of gold has been mined already and it is estimated that the trend has the potential to produce 200 million ounces.The MMI method was chosen for the Rock Creek-Dry Creek claim blocks because this type of analysis of soil samples has been known to detect gold and other types of mineralization at depths of up to several hundred meters. There are two gold targets that have been modeled for these claim blocks; one a shallow vein/structure such as mineralized quartz veins and breccia zones located in the volcanic rocks that cover much of the property and deep seated Carlin trend type gold deposits located in the lower plate rocks. MMI geochemical maps are being prepared and Ironwood anticipates their completion shortly, at which time they will be published on the Company website at www.ironwoodgold.com.The results from the Dry Claim Block have indicated several strong gold-arsenic anomalies with one very strong silver association and one with a very strong mercury anomaly. Since this claim block is adjacent to the Falcon Mine and some of the mineralized structure extend into the Dry Creek Claims it was not a surprise that the soil survey identified good gold soil anomalies.Dr. Howard Lahti Ironwood's VP of Exploration comments, "The MMI results have outlined a very evident gold arsenic anomaly that extends 1.6km in an approximately NNW-SSE direction in the southern part of the Bluto Claims. The anomalous zone is about 400m wide suggesting multiple mineralized quartz veins and /or breccia zones or substantial gold mineralization at depth... possibly in the lower plate rocks where Carlin type mineralization is found. The same area is currently undergoing a geophysical IP survey, so if anomalous IP results are coincident with the MMI anomaly then a very promising gold target would obviously be a prime candidate to be tested by a drilling program."Rock Creek with its geographical, geological and structural setting and indications of gold has the capability to host a similar 1 - 5 million ounce deposit with the potential of even greater than 5 million ounces. This is exemplified by the Jerritt Canyon gold deposit (10 - 25 million ounces) owned by Yukon Nevada Gold due east of the Rock Creek property and the Anglo Gold Property (2 - 5 million ounces) located just to the north of Jerritt Canyon.Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.ironwoodgold.com.ABOUT IRONWOOD GOLD CORP. (OTC.BB:IROG - News)
Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories.Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.ON BEHALF OF THE BOARDIronwood Gold Corp.
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Behzad Shayanfar, CEO