new
High Desert drills eight m of 2.12 g/t Au at Canasta
2008-01-18 09:42 ET - News Release
Mr. Ralph Fitch reports
HIGH DESERT GOLD CORPORATION INTERSECTS GOLD MINERALIZATION AT THE CANASTA DORADA PROPERTY IN SONORA, MEXICO
High Desert Gold Corp. has results from seven diamond drill holes from its continuing drill program at the Canasta Dorada gold property in Sonora, Mexico. Five of the seven drill holes are shown in the attached table.
FIVE DRILL HOLE RESULTS AT CANASTA DORADA
Drill hole Length (metres) Gold (g/t)
DDH CD-07-014 10 1.686
including 4.5 2.828
DDH CD-07-006 8 2.128
including 5 3.243
DDH CD-07-012 8 0.652
including 2 1.57
DDH CD-07-008 27 0.552
including 7 1.138
DDH CD-07-002 13 0.213
2 0.496
Ralph Fitch, president of the company, stated: "These early drill results indicate that the exposed gold mineralization in the Big pit extends under cover within the flat-lying structural zone and the geology in the drill holes for which we are awaiting assays strongly suggest that this zone extends and thickens to the south and west. The style of mineralization and grade is typical for this part of the Sonora gold belt and bodes well for the development of a gold resource in the area."
The first hole (CD-07-001), which was positioned at the bottom of the Big pit area at the base of the hill containing exposed gold mineralization, returned gold values of 0.473 gram per tonne from zero to 17 metres as announced in Stockwatch on Nov. 15, 2007.
Assay results have now been received for the remainder of CD-07-001, all of CD-07-002 and CD-07-003, and the upper portions of holes CD-07-004, CD-07-006, CD-07-008, CD-07-012 and CD-07-014. These results continue to show significant gold mineralization hosted within a flat-lying structural zone exposed in the Big pit area, where the company discovered widespread one gram per tonne gold mineralization. Recent assay results from the drilling include numerous high-grade intercepts with a maximum value of 13.75 grams per tonne gold over a one-metre thickness in hole CD 07-006. Mineralization is hosted in brecciated, sheared and silicified sediments, located above the low angle structure. The reported drill holes now encompass a mineralized block of approximately 200 metres by 200 metres.
Results from hole CD-07-001, in combination with holes CD-07-002 and CD-07-008, suggest that a thicker, southwest-trending zone of gold mineralization associated with intensely brecciated and silicified sediments, may be developing in the southwestern area of the Big pit area. Additional mineralization along strike to the southwest would be expected to be under colluvial or upper plate lithological cover. Future drilling will test this area.
The attached table summarizes the recently received drill results.
CANASTA DORADA ASSAY RESULTS
Drill hole From (metres) To (metres) Length (metres) Gold (g/t)
CD-07-002 0 13 13 0.213
including 7 9 2 0.496
highest
one-metre
assay 7 8 1 0.687
CD-07-003 8 19 11 0.152
including 9 14 5 0.244
highest
one-metre
assay 12 13 1 0.298
CD-07-004 39 41 2 0.116
highest
one-metre
assay 39 40 1 0.120
CD-07-006 6 14 8 2.128
including 7 12 5 3.265
highest
one-metre
assay 10 11 1 13.75
CD-07-008 11 38 27 0.552
including 21 28 7 1.138
highest
one-metre
assay 27 28 1 2.200
CD-07-012 0 8 8 0.652
including 0 2 2 1.57
highest
one-metre
assay 0 1 1 1.79
CD-07-014 0 10 10 1.686
including 1.5 6 4.5 2.828
highest
one-metre
assay 1.5 3 1.5 5.440
These holes demonstrate the importance of the flat structure as a host for gold mineralization and show that high-grade mineralization is present within the Canasta Dorada gold system. This flat structure is open to the south and west, and several holes with assays pending will continue to test this gold-bearing target. Similar mineralization within the flat structure with more intense silicification was noted in holes CD-07-009, CD-07-010 and CD-07-013A. Hole CD-07-009 is located approximately 250 metres west of CD-07-001, CD-07-010 is located approximately 160 metres west-southwest of CD-07-001 and CD-07-013A is located approximately 60 metres west-northwest of CD-07-001.
The company has now completed 16 holes with the majority of assays pending due to slow turnaround time from the analytical laboratories.
The company has also conducted an extensive soil sampling program totalling 433 samples. This program focused on the Placer and the Pique Viejo areas, and has produced a significant gold-in-soil anomaly, covering roughly 800 metres by 800 metres and is open to the east, south and west. Gold values up to 968 parts per billion have been reported with a total of 39 samples having values greater than 100 parts per billion. Soil sampling is continuing to determine the full extent of this anomalous area. This area will be drilled later in the current drill program.
Canasta Dorada is located in the Sonoran gold belt, a particularly gold enriched province, extending from southeastern California through northern Sonora. Mines in this established gold trend include Mesquite and Picacho in California, and La Herradura and El Chanate in the Caborca region of Sonora, Mexico. One hundred forty-three channel samples from the exposures in the Big pit area, which covers an area of approximately 375 metres by 200 metres, averaged 1.2 grams per tonne gold.
The company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The three major properties held by the company are the flagship Canasta Dorada gold property in Sonora, Mexico, the Gold Lake porphyry copper-gold-molybdenum property in New Mexico and the Monitor copper-silver property in Arizona.
Assays were performed by International Plasma Laboratories, an ISO 9001:2000 certified laboratory. Gold is being analyzed by the G313 method that includes fire assay of a 30-gram sample with an atomic absorption finish. The qualified person on the project is Randall Moore, executive vice-president of exploration, High Desert Gold, and he has reviewed the content of this press release.
We seek Safe Harbor.