High Desert Gold Drills Its Best Hole in 2013 on the 100% Owned Gold Springs Project: 87 Metres Averaging 1 g/t Gold Equivalent (AuEq)
10.09.2013 | Marketwired
Including 38 Metres of 2 g/t AuEqStarting 20 Metres below Surface
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Sep 10, 2013) - High Desert Gold Corp. ("HDG" or the "Company") (TSX VENTURE:HDG) (OTCQX:HDGCF) (FRANKFURT:7HD) is pleased to report that it has now completed 49 reverse circulation drill holes in the 2013 drill program on its 100% owned Gold Springs project located in Nevada and Utah, both pro mining jurisdictions. Thirty-seven of these holes were drilled in the Grey Eagle Zone on the Nevada side of the project and 12 holes, drilled earlier this year, were located in the Jumbo Trend on the Utah side of the project. Assay results from nine RC holes are reported here. The Grey Eagle target is now comprised of the North, Main and South Zones that has a strike length of 670 metres.
Ralph Fitch President and CEO, stated "Results from the Grey Eagle Main Zone are starting to be consistent with good results, significantly expanding the zone of known mineralization. Clearly if this continues it will have a big impact on the size of our resource. The last hole reported, GE-13-33, is of particular promise in that the mineralization is shallow and high grade and continues to be open to the west. Again, I encourage you to visit our web-site (www.hdggold.com/goldsprings.html) and view the drill sections that demonstrate the growing importance and size of the Grey Eagle Main Zone which starts at surface and dips at approximately 50 degrees to the northwest."
A summary of the drill results from this important drill hole at Grey Eagle, GE13-33 is shown in the following table:
| Drill Hole | Length** (m) | AuEq* (g/t) |
| GE-13-033 | 86.9 | 1.06 |
| including | ||
| GE-13-033 | 38.1 | 1.98 |
| And two vein intervals | ||
| GE-13-033 | 9.1 | 3.21 |
| GE-13-033 | 7.6 | 3.00 |
Six drill holes are reported from the Main Zone at Grey Eagle, one from the North Zone and two from the down-faulted South Zone. The Main Zone is the best understood and demonstrates the most consistent mineralization found to date at Grey Eagle. The Main Zone is presently approximately 300 metres long with a width of 150- 200 metres which is open to expansion to the west. The holes reported here are from Sections 5, 6 and 8. The holes from Section 5 and 6 are the ones referred to in the previous press release (PR 13-21, August 20, 2013) as having good geology but that assays were pending at the time. As seen in the table below, the results continue to be very positive and Section 8, another 60 metres to the north, not only shows the continuation of this style of mineralization but that it occurs at or near the surface with higher grades.
| Drill Hole | Length** (m) | AuEq* (g/t) |
| Section 8 | ||
| GE-13-033 | 86.9 | 1.06 |
| including | ||
| GE-13-033 | 38.1 | 1.98 |
| And two vein intervals | ||
| GE-13-033 | 9.1 | 3.21 |
| GE-13-033 | 7.6 | 3.00 |
| GE-13-032 was drilled from the same collar as GE-13-033 | ||
| GE-13-032 | 48.8 | 0.64 |
| including | ||
| GE-13-032 | 13.7 | 1.43 |
| And two vein intervals | ||
| GE-13-032 | 1.5 | 6.94 |
| GE-13-032 | 4.6 | 3.47 |
| Drill Hole | Length** (m) | AuEq* (g/t) |
| Section 6 | ||
| GE-13-030 | 80.8 | 0.70 |
| including | ||
| GE-13-030 | 29.0 | 1.29 |
| And a vein interval | ||
| GE-13-030 | 1.5 | 3.69 |
| GE-13-031 was drilled from the same collar as GE-13-032 | ||
| GE-13-031 | 42.7 | 0.53 |
| including | ||
| GE-13-031 | 24.4 | 0.72 |
| Drill Hole | Length** (m) | AuEq* (g/t) |
| Section 5 | ||
| GE-13-029 | 82.3 | 0.60 |
| including | ||
| GE-13-029 | 12.2 | 1.06 |
| and | ||
| GE-13-029 | 33.5 | 0.92 |
| And two vein intervals | ||
| GE-13-029 | 3.0 | 3.51 |
| GE-13-029 | 3.0 | 4.02 |
| GE-13-028 was drilled from the same collar as GE-13-029 | ||
| GE-13-028 | 45.7 | 0.65 |
| including | ||
| GE-13-028 | 24.4 | 1.02 |
| And a vein interval | ||
| GE-13-028 | 3.0 | 3.46 |
Drill hole GE-13-27 drilled in the North Zone was an exploratory hole to help understand structure. It intersected 44 m @0.36g/t AuEq including 20 m of 0.6 g/t AuEq. The two holes in the down-faulted South Zone only intersected minor mineralization at 200 metres below surface and ended before reaching the footwall to the mineralization. The mineralization is believed to be much deeper in the South Zone because it has been down-faulted and because the strike has become more north-south, moving the shallower part of the mineral system further east. Current drilling is located further east and is designed to intersect the mineralization up-dip at a shallower depth.
The following table lists results from the holes reported in this press release:
Grey Eagle
| Drill Hole | Azimuth | Dip | from (m) | to (m) | Length** (m) | gold (g/t) | silver (g/t) | AuEq* (g/t) |
| GE-13-025 | 120 | -65 | 201.2 | 217.9 | 16.8 | 0.33 | 6.56 | 0.45 |
| 210.3 | 217.9 | 7.6 | 0.48 | 11.82 | 0.69 | |||
| GE-13-026 | 120 | -65 | 213.4 | 233.2 | 19.8 | 0.09 | 1.95 | 0.13 |
| GE-13-027 | 120 | -45 | 32.0 | 51.8 | 19.8 | 0.33 | 9.81 | 0.50 |
| GE-13-028 | 120 | -75 | 61.0 | 106.7 | 45.7 | 0.57 | 4.64 | 0.65 |
| 61.0 | 85.3 | 24.4 | 0.91 | 6.19 | 1.02 | |||
| 82.3 | 85.3 | 3.0 | 3.29 | 9.55 | 3.46 | |||
| GE-13-029 | 300 | -85 | 80.8 | 163.1 | 82.3 | 0.51 | 5.21 | 0.60 |
| 80.8 | 93.0 | 12.2 | 0.73 | 18.75 | 1.06 | |||
| 114.3 | 147.8 | 33.5 | 0.84 | 4.32 | 0.92 | |||
| 118.9 | 121.9 | 3.0 | 3.29 | 12.35 | 3.51 | |||
| 143.3 | 146.3 | 3.0 | 3.96 | 3.25 | 4.02 | |||
| GE-13-030 | 120 | -70 | 33.5 | 114.3 | 80.8 | 0.55 | 8.24 | 0.70 |
| 35.1 | 64.0 | 29.0 | 1.02 | 15.59 | 1.29 | |||
| 41.1 | 42.7 | 1.5 | 3.04 | 37.20 | 3.69 | |||
| GE-13-031 | 0 | -90 | 53.3 | 96.0 | 42.7 | 0.37 | 9.38 | 0.53 |
| 64.0 | 88.4 | 24.4 | 0.49 | 13.21 | 0.72 | |||
| GE-13-032 | 120 | -70 | 18.3 | 67.1 | 48.8 | 0.57 | 4.18 | 0.64 |
| 53.3 | 67.1 | 13.7 | 1.33 | 5.77 | 1.43 | |||
| 53.3 | 54.9 | 1.5 | 6.54 | 22.50 | 6.94 | |||
| 53.3 | 57.9 | 4.6 | 3.27 | 11.53 | 3.47 | |||
| GE-13-033 | 0 | -90 | 18.3 | 105.2 | 86.9 | 0.94 | 6.95 | 1.06 |
| GE-13-033 | 24.4 | 62.5 | 38.1 | 1.75 | 13.26 | 1.98 | ||
| GE-13-033 | 27.4 | 36.6 | 9.1 | 2.91 | 17.48 | 3.21 | ||
| GE-13-033 | 44.2 | 51.8 | 7.6 | 2.65 | 20.10 | 3.00 |
**(The true width of these intercepts is not known but is believed to be between 80-95 % of the length.)
*(AuEq*) calculations reflect gross metal content using a metal price ratio of 57.14 Au/Ag and have not been adjusted for metallurgical recoveries.
Detailed maps of the target areas in both Utah and Nevada can be found on the Company's website at www.hdggold.com/goldsprings.html
The total inferred resource at Gold Springs reported on March 28, 2013, prior to the 2013 drill program is 415,254 AuEq*. This is a combination of resources estimated at the Jumbo and Grey Eagle targets as shown in the following tables:
The Gold Springs Inferred Resource Estimate as of March 28, 2013**:
| Cut-off Grade (AuEq* g/t) | Gold | Silver | (AuEq*) | ||||
| Tonnes | Grade (g/t) | Troy Ounces | Grade (g/t) | Troy Ounces | Grade (g/t) | Troy Ounces | |
| 0.3 g/t | 19,373,085 | 0.48 | 301,756 | 10.4 | 6,476,149 | 0.67 | 415,254 |
| 0.6 g/t | 7,401,016 | 0.81 | 193,145 | 14.4 | 3,422,896 | 1.06 | 253,119 |
Jumbo Target Inferred Resource Estimate
| Cut-off Grade (AuEq* g/t) | Gold | Silver | (AuEq*) | ||||
| Tonnes | Grade (g/t) | Troy Ounces | Grade (g/t) | Troy Ounces | Grade (g/t) | Troy Ounces | |
| 0.3 g/t | 16,473,441 | 0.45 | 239,275 | 11.0 | 5,843,533 | 0.65 | 341,683 |
| 0.6 g/t | 6,334,657 | 0.74 | 151,118 | 15.0 | 3,058,804 | 1.01 | 204,713 |
Grey Eagle Target Inferred Resource Estimate
| Cut-off Grade (AuEq* g/t) | Gold | Silver | (AuEq*) | ||||
| Tonnes | Grade (g/t) | Troy Ounces | Grade (g/t) | Troy Ounces | Grade (g/t) | Troy Ounces | |
| 0.3 g/t | 2,899,643 | 0.67 | 62,482 | 6.8 | 632,617 | 0.79 | 73,570 |
| 0.6 g/t | 1,066,359 | 1.23 | 42,027 | 10.6 | 364,092 | 1.41 | 48,406 |
Source: (HDG PR13-07, March 28, 2013)
*(AuEq) calculations reflect gross metal content using a metal price ratio of 57.14 Au/Ag and have not been adjusted for metallurgical recoveries.
** The qualified person who prepared the technical information regarding the resource estimate was Dr. A. Armitage, PGeol of GeoVector Management Inc., who is independent of the Company. Mineral resources that are not mineral reserves do not have to demonstrate economic viability, A block model was constructed using 5-metre by 10-metre by 10-metre blocks in the x, y and z directions respectively. Grades for gold and silver were interpolated into the blocks by the inverse distance squared method using a minimum of two and maximum of 10 composites to generate block grades. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-political or other issues which would materially affect the resource estimate. For more details regarding this resource estimation, please see the Technical Report filed on SEDAR on May 9, 2013 and on the Gold Springs page at www.hdggold.com.
The Qualified Person on the Gold Springs property is Randall Moore, Executive Vice President of Exploration of High Desert Gold Corp. and he has reviewed and approved the content of this press release.
Assays were performed in Reno, Nevada by Inspectorate Laboratories, an ISO 9001:2000 Certified laboratory. Gold was analyzed by fire assay of either a 15 or a 30 gram sample with an ICP finish. All other elements were analyzed by the 50-4A-UT method.
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 100% owned Gold Springs gold project situated along the border between Utah and Nevada and the San Antonio project in Sonora, Mexico. The Company also has a 26.8% equity interest in Highvista Gold Inc. that owns the Canasta Dorada property in Sonora, Mexico. There has been insufficient exploration to define a property-wide mineral resource at Gold Springs and it is uncertain if further exploration will result in the targets at Gold Springs being delineated as a mineral resource.
Forward-looking Statements
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 "continues", "promise", "demonstrate", "expansion", "further", "will", "believed" and similar expressions. Information concerning mineral resource estimates and the interpretation of drill results may also be considered forward-looking statements as such information constitutes a prediction of what mineralization might be found to be present if and when a mining 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, possible variations in mineral resources, grade, metal prices; 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; failure of equipment or processes to operate as anticipated; regulatory, environmental and other risks of the mining industry 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. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the availability of equipment and qualified personnel to advance the Gold Springs project; execution of the Company's existing plans and further exploration and development programs for Gold Springs, 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.
Readers are cautioned not to place undue reliance on the forward-looking statements contained in this news 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. Unless otherwise indicated, forward-looking statements in this news release describe the Company's expectations as of September 10, 2013.
Inferred Resources
This news release uses the term 'inferred resources' which is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), however, such term is not a defined term under SEC Industry Guide 7 and is not normally permitted to be used in reports and registration statements filed with the United States Securities and Exchange Commission. Investors are cautioned not to assume that any part or all of the 'inferred resources' will be upgraded or converted into 'indicated resources' or 'reserves' as defined under NI 43-101. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a preliminary economic assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
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.
Contact
High Desert Gold Corporation
Richard Doran, Executive Vice President
(303) 584-0608
(303) 758-2063
