High Desert Gold Corporation ("HDG" or the "Company") (TSX VENTURE:
HDG)(OTCQX: HDGCF) announces the drilling results from the
Company's gold-silver San Antonio Project in Sonora State, Mexico.
An 11 hole RC (reverse circulation) drill program was completed in
March of this year. The purpose of the program was to evaluate
mineralization in an historic "cut" (trench) on the property and to
complete reconnaissance holes in other parts of the large, 4,230
hectare property from which geochemically anomalous surface
gold-silver and base metal samples have been collected.
The best drill hole, SA 11-04, intersected the down-dip
projection of the strong mineralization previously sampled in the
historic cut (see HDG PR 10-10, May 19, 2010). The intersection
which is approximately 30 metres down-dip from the trench
included:
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From m To m cum m Gold g/t Silver g/t Cu ppm Pb ppm Zn ppm
----------------------------------------------------------------------------
0.0 25.8 25.8 1.394 11.1 313 1,468 1,370
----------------------------------------------------------------------------
including
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13.7 24.3 10.6 3.029 22.3 667 3,200 2,613
----------------------------------------------------------------------------
Which includes
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19.8 24.3 4.6 5.722 24.4 1,146 1,783 1,896
----------------------------------------------------------------------------
These intercepts represent approximate true thicknesses for the mineralized
horizon
This mineralization is very consistent with the average grade
obtained from the un-leached pile of mineralization that had been
excavated from the cut (previously reported, HDG PR11-03, February
10, 2011) which averaged 3.1 g/t gold. The mineralization is hosted
within a carbonate rich, heavily pyritized, partially silicified
sandstone. The top of the higher grade mineralization is cut off by
a low angle, approximately bedding parallel fault and the base of
the mineralization bottoms at the interface with the underlying
coarser sandstone-conglomerate unit. There appears to be good
potential to follow this skarn-replacement mineralization to depth
down-dip and along strike on the down-dip side of the trench. In
this round of drilling, no other drill holes were placed on this
potential down-dip extension, because all outcrop is covered with
later volcanics.
Ralph Fitch, President and CEO, stated, "This intercept
significantly helps us in understanding the distribution of the
higher grade mineralization at San Antonio, and with gold selling
at over US$40 a gram, a 3 g/t gold intercept becomes a very
interesting target."
The up-dip mineralization in the cut within the same rock unit
as seen in drill hole SA 11-04 included values such as these shown
in the table below:
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Sample Length in m Gold g/t Silver g/t Cu ppm Pb ppm Zn ppm
----------------------------------------------------------------------------
43369 1.5 62.39 271.6 2,293 greater 2,569
than
10,000
----------------------------------------------------------------------------
73954(i) 1.2 100 70.5 1,085 7,440 4,280
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73955(i) 0.91 8.3 491 809 45,800 2,270
----------------------------------------------------------------------------
73956(i) Grab sample 14.05 81.1 131 4,840 307
----------------------------------------------------------------------------
43372 1.5 0.87 8.3 599 1,055 1,864
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42032 1.1 12.1 41.4 682 17,600 1,306
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122454(i) 2.4 23.7 25.2 156 15,600 461
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(i) Previously reported in HDG PR10-10, May 19, 2010
Holes placed on the up-dip side of the trench intersected
different rocks (stratigraphy) due to a high angle fault parallel
to the length of the trench, which offsets the carbonate rich
sandstone that hosts the mineralization described above in hole SA
11-04.
Drill hole SA 11-03 was drilled from the other side (North East)
of the trench and intersected interesting mineralization in the
breccia and fault system that extends the length of the trench, but
did not intersect the mineralized carbonate unit seen in SA 11-04.
Results included:
----------------------------------------------------------------------------
From m To m cum m Gold g/t Silver g/t Cu ppm Pb ppm Zn ppm
----------------------------------------------------------------------------
19.8 50.2 30.4 0.463 4.2 73 562 1,190
----------------------------------------------------------------------------
Including
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36.5 45.6 9.1 1.121 6.6 124 895 1,826
----------------------------------------------------------------------------
The true width of this mineralization is not known
The mineralization intersected in this 11 hole drill program is
interpreted as gold-silver plus base metal mineralization of the
skarn-replacement type related to a large intrusion that is
interpreted to occur at depth below the property. For example,
drill hole SA 11-08, located approximately 700 metres to the NE of
SA 11-04, intersected anomalous gold mineralization (0.22 g/t) over
16.7 metres within partially brecciated and silicified limestone
and sandstone. Base metal values included 220 ppm copper, 984 ppm
lead (high value 0.5%) and 526 ppm zinc (high value 0.3%). Most of
the other holes include short intervals of precious and base metal
mineralization, such as SA 11-6 which ended in 3 metres of 39.5 g/t
silver with anomalous base metals. In addition, drill hole SA 11-04
bottomed in elevated tungsten values, with the final 1.5 meters of
the hole (191.5-193 metres) returning a value of 0.124% tungsten.
These values may be a reflection of a deeper skarn system that
drill hole SA 11-04 was starting to penetrate.
The plan going forward will be to interpret these multi-element
results, to locate both the centres of precious metal
mineralization on the property and the "potentially mineralized"
intrusion that is interpreted to underlie parts of the
property.
The Qualified Person on the San Antonio property is Randall
Moore, Executive Vice President of Exploration of High Desert Gold
Corporation and he has reviewed and approved the content of this
press release. Assays were performed by ALS Chemex ("ALS") which is
an ISO 9001:2000 certified laboratory. Gold was analyzed by the
Au-AA23 method, with values greater than 10 gpt re-assayed using
Au- GRA21 All other elements were analyzed by the ME-MS41 method,
and by Inspectorate Laboratories, an ISO 9001:2000 Certified
laboratory. Gold was analyzed by fire assay of a 30 g sample with
an AA finish.
There has been insufficient exploration to define a mineral
resource at San Antonio and it is uncertain if further exploration
will result in the targets at the project being delineated as a
mineral resource.
Gold Springs Update:
The Company also provides the following update regarding its
flagship Gold Springs gold property that is located along the
Utah-Nevada border.
-- The ZTEM airborne geophysical survey (see HDG PR11-05, April 12, 2011)
has been completed and results are expected within a month.
-- Two orientated diamond drill holes have been completed, one on the Jumbo
Zone on the Utah side of the property and one on the Silica Hill target
on the Nevada side. Results are expected in approximately one month.
-- A 30 hole RC drill program is expected to start in late May and will
focus on targets on the Nevada side of the property position.
Cautionary Statement
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
"plans", "estimates", "will", "expects", "targeting", "potential" ,
"interpretation" and similar expressions. These statements include,
but are not limited to, statements regarding the mineralization at
and continued advancement of the San Antonio and Gold Springs
properties. In addition, information concerning the interpretation
of drilling and chip sample results and of geology 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. 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 filed and publicly available on SEDAR at
www.sedar.com. The material assumptions that were applied in making
the forward looking statements in this MD&A include: execution
of the Company's existing plans or exploration programs for the San
Antonio and Gold Springs properties, either of which may change due
to changes in the views of the Company or if new information arises
which makes it prudent to change such plans or programs; and the
accuracy of current interpretation of drill and other exploration
results. 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. 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.
ABOUT HIGH DESERT GOLD
The Company is a mineral exploration company that acquires and
explores mineral properties, primarily gold, copper and silver, in
North America. The major properties held by HDG are the Gold
Springs gold project situated along the border between Utah and
Nevada and the San Antonio project in Sonora, Mexico.
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) 584-0608 (303) 758-2063 (FAX)
rdoran@hdggold.com
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