High Desert Gold Corporation Traces High-Grade Gold Over 1 Km from Silica Hill at the Gold Springs Project
October 27 2010 - 7:30AM
Marketwired
High Desert Gold Corporation (TSX VENTURE: HDG)(PINK SHEETS: HDGCF)
("HDG" or the "Company") announces the results from the continuing
field activities from the summer work program at the Gold Springs
Project in Nevada and Utah.
Of particular interest are the results obtained from surface
chip samples in the target area called "Silica Hill," one of 14
target zones at Gold Springs. The Company has followed outcrops of
the Silica Hill vein system over a length of approximately one
kilometre before it disappears under surface gravels. Visible gold
was panned from crushed rock along this one-kilometre length. Rock
chip sample assays as high as 99.5 g/t gold have been collected
along this trend. Selected examples of chip samples taken from the
trend are shown below:
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Sample Number Sample Type Gold g/t Silver g/t
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42161 Rock chip 99.5 143.6
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8984 Rock chip 12.0 42.3
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8071 Rock chip 6.08 88.2
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53655 Rock chip 6.27 93.4
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53630 Rock chip 23.35 252.9
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53632 Rock chip 13.34 39.6
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33006 Rock chip 14.78 30.0
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53698 Rock chip 6.21 38.7
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53644 Rock chip 5.01 12.3
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53652 Rock chip 6.89 29.6
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Rock chip samples are typically 0.5 to 1.5 metres long and cut across the
assumed strike of the vein
Ralph Fitch, President and CEO, stated, "Silica Hill is
extraordinarily rich in gold. Remarkably, it has never been
drilled, nor received extensive mining even though it is situated
in an old mining district. The summer work program has succeeded in
defining numerous drill targets and exceptionally high-grade gold
values. The Phase Two drill program, which is in the permitting
phase, has the potential to add significant value to the property
and to the Company."
The ongoing exploration program has focused on mapping and
sampling of the numerous target areas within the large land
position. To date, four distinct styles of mineralization have been
identified, all of which display visible gold and have returned
high-grade gold values from rock chip samples.
The predominant style of mineralization is in the form of banded
quartz-adularia+/-calcite veins which can be traced for distances
of over 2 kilometres along strike. This type of mineralization is
seen at the Jumbo target which was the focus of HDG's Phase One
drill program and which was previously reported (see PR10-14,
August 19, 2010), and on the Silica Hill target area. This style of
mineralization was the target of most of the historic production in
the district.
Field work on the Silica Hill target has identified and traced a
series of parallel quartz-adularia veins for a distance of 1
kilometre. Work continues to extend the veins to the north while
the southern extension is obscured by post-mineral cover. This
target has seen only limited historic mining in the form of small
pits and cuts and has not been the subject of drilling.
A second, and newly discovered, style of mineralization is
characterized by quartz-adularia breccias which crumble easily
forming recessive outcrops. Thus far, HDG has found two occurrences
of this style of mineralization with rock chip results being 126.5
g/t and 32.7 g/t gold. Samples from these outcrops have been
crushed and panned in the field producing visible gold in the
concentrates. The focus will be to expand efforts to identify areas
of quartz-adularia breccias and determine controlling factors for
developing these breccias.
A third style of mineralization is found around the historic
Pope mine where thin quartz veins cut a tuffaceous unit. This style
of mineralization is similar to that found at the Round Mountain
mine in Nevada. When samples of vein material are crushed and
panned they produce visible gold in the concentrate. Assay results
from this mineralized style range up to 14.4 g/t Au from selected
vein material.
The final style of mineralization is exposed within the margins
of the caldera in an historic mine working. Mineralization is
associated with fluorite-quartz-hematite and is exposed only in a
small window in a post-mineralization tuff. Samples from the old
workings have been washed and panned to produce tails of visible
gold in the concentrates. Rock chip samples from the mine dump
consistently return high-grade gold values with results ranging up
to 13.5 g/t.
Selected results from the various styles of mineralization on
the Gold Springs project:
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Sample Gold Silver
Style Sample # Type (g/t) (g/t)
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Quartz-Adularia 42161 1 metre rock chip 99.5 143.6
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8071 1 metre rock chip 6.08 88.17
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42154 1 metre rock chip 14.16 154
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53630 0.8 metre rock chip 23.25 252.9
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53632 1 metre rock chip 13.34 39.6
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Quartz-Adularia
Breccia 33017 1.2 metre rock chip 126.8 442.7
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53038 0.61 metre rock chip 32.7 14.6
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Round Mountain
style 42162 Selection from veins 14.4 31.5
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210 Selection from veins 4.9 no assay
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Fluorite-Quartz 8076 Grab from dump 12.6 41.9
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42013 Grab from dump 13.5 29.0
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The Company is currently permitting the planned drill programs
with the BLM in preparation for the Phase Two drill program.
HDG controls approximately 6,300 acres (9.8 square miles) or
5,550 hectares and has now completed detailed sampling of a number
of the target areas which were identified through the initial
regional work. A total of 430 surface rock samples have been
collected thus far of which 52 have returned gold grades of greater
than 1 g/t (12.09%). HDG has obtained results from past work in the
district by Cambior Exploration and Astral Mining. These companies
collected a total of 740 rock samples of which 89 exceed 1 g/t
(12.03%).
The Gold Springs property is under option from Fronteer Gold
Inc. ("Fronteer"). High Desert Gold Corporation can earn a 60%
interest over a five-year period by spending US$1 million on
exploration and paying Fronteer US$160,000.
Assays were performed in Reno, Nevada by Inspectorate
Laboratories, an ISO 9001:2000 Certified laboratory. Gold was
analyzed by fire assay of a 30 g sample with an AA finish.
The Qualified Person on the Gold Springs project is Randall
Moore, EVP Exploration and a certified professional geologist. He
has reviewed the content of this press release.
Please see High Desert Gold Corporation's website,
www.hdggold.com, for maps and drill hole locations.
Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on
the business. Forward-looking statements may include words such as
"will," "plans," "target," "potential," "add significant value,"
"interpretation" and similar expressions. Information concerning
the interpretation of rock chip samples and drill results also may
be considered forward-looking statements, as such information
constitutes a prediction of what mineralization might be found to
be present if and when a project is actually developed. These
forward-looking statements are based on current expectations and
entail various risks and uncertainties. Actual results may
materially differ from expectations, if known and unknown risks or
uncertainties affect our business, or if our estimates or
assumptions prove inaccurate. Factors that could cause results or
events to differ materially from current expectations expressed or
implied by the forward-looking statements, include, but are not
limited to, the availability of sufficient financing to fund
planned or further required work in a timely manner and on
acceptable terms; changes in project parameters as plans continue
to be refined and other risks more fully described in the Company's
Management Discussion & Analysis of Financial Position and
Results of Operations, which is available on SEDAR at
www.sedar.com. Readers are cautioned not to place undue reliance on
the forward-looking statements contained in this press release.
Except as required by law, HDG assumes no obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or any other reason.
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.
Contacts: High Desert Gold Corporation Richard Doran Executive
Vice President (303) 584-0606 (303) 758-2063 (FAX)
rdoran@hdggold.com www.hdggold.com
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