High Desert Gold Corp (C-HDG) - News Release
High Desert samples more than one g/t Au at Kinkaid
2008-07-02 14:54 ET - News Release
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Mr. Richard Doran reports
HIGH DESERT GOLD'S RECONNAISSANCE PROGRAM LOCATES STRONG GOLD MINERALIZATION ON ITS KINKAID PROPERTY, MINERAL COUNTY, NEVADA
High Desert Gold Corp.'s continuing North American reconnaissance program has completed the initial evaluation of its wholly owned Kinkaid gold-copper property located approximately 24 kilometres northeast of Hawthorne, Nev. HDG acquired the property through staking in September of 2007 and now has 260 federal lode claims covering 2,174 hectares.
The Kinkaid property was acquired for its bonanza vein and hot springs potential. Initial reconnaissance identified numerous quartz veins at the surface which have been subsequently sampled with encouraging results.
HDG has collected a total of 171 rock chip samples from the claim block with initial results returning gold grades of up to 28.6 grams per tonne gold from one of the many veins which have been identified. Of the 171 samples collected, 32 have gold assays of greater than 1.0 g/t. Gold mineralization is associated with, and overprinted by, copper mineralization. Select samples have contained up to 15 per cent copper and 67 of the 171 samples contain greater than 1,000 parts per million copper.
SELECTED ROCK CHIP RESULTS FROM THE KINKAID PROPERTYSample Gold CopperSample No. length Description in g/t in %(Metres)121033 0.2 Quartz vein 28.60 1.47040809 0.6 Argillized and brecciated intrusive 25.60 2.92040813 0.6 Glassy and massive white vein 17.40 0.07463968 0.2 Quartz vein 9.82 3.230120753 2.4 Quartz vein 6.72 3.11040819 0.3 10-inch quartz vein 6.52 0.040120725 1.2 Vein swarm 6.04 1.580120765 3.0 Calcareous silt clay altered 4.60 0.016120799 3.0 Shear with brecciated arkose and vein material 4.00 1.770120752 1.2 Brecciated zone with quartz vein fragments 3.60 0.730120800 0.9 Sheeted quartz barite veins 3.51 2.810120783 0.6 Garnet skarn 2.74 3.150120732 1.5 Fractured calcareous silt 2.28 0.010120704 2.4 Sheeted thin quartz veins in arkose 2.08 0.07340803 0.6 Stockwork-veined dike 2.09 6.100120785 1.2 Structural zone within moderately altered limestone 1.80 5.230120713 1.8 Fractured arkose 1.56 0.001121701 2.4 Portion of 40-inch-wide structure 1.32 0.410
The primary style of mineralization is dominated by epithermal/mesothermal veins, which can range in thickness from less than one inch to over four feet in true width. Major veins can be traced for distances well over one mile along strike, but have limited exposure due to erosion and the presence of postmineral cover. The major feature of the central portion of the claim block is a large broad anticline where numerous quartz-sulphide-malachite veins occur along the axis. This is the most common vein set and they appear to contain the highest gold and copper grades. Calcareous-rich argillites are found within the property and show high-grade gold mineralization where cut by structures or veins. These rocks are expected to occur below the crest of the anticline at the down-dip projection of the gold-copper veins. This is a similar geologic environment to the Fortitude mine which is located 260 km northeast of Kinkaid. Stockwork quartz veining and hydrothermal brecciation are mapped in the western portion of the project. These exposures are characteristic of hot springs deposits such as at Bodie located just 66 km west in California and Paradise Peak located 63 km northeast of Kinkaid. This area contains elevated arsenic, antimony and mercury as well as gold in chip samples.
The qualified person on the Gold Lake property is Randall Moore, executive vice-president of exploration, High Desert Gold, and he has reviewed the content of this press release.
Assays at Kinkaid were performed by ALS Chemex (ALS) which is an ISO 9001:2000 certified laboratory. Gold was analyzed by the Au-AA23 method that includes fire assay of a 30-gram sample with an AA finish. All other elements were analyzed by the ME-ICP61 method. Gold assays were performed in the ALS Reno, Nev., laboratory while the other elements were assayed in its Vancouver, B.C., laboratory, both of which are ISO certified.
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