Anyone reading the news anymore?Bison is pleased to announce it has completed a total of 31 holes on the Central Manitoba Property and are currently awaiting 1050 assay results from drill holes OG-11-15 through to OG-11-28. Drill holes OG-11-16 through to OG-11-28 were designed to test near surface gold mineralization discovered by Bison personnel this past summer and gold in soil geochemical anomalies. Surface exploration will continue on the Property throughout the fall. A 29 line-km grid is near completion on the Eldorado zone where extensive geological mapping, trenching and channel sampling has been ongoing since June. The Eldorado zone, a quartz vein hosted gold-bearing structure has been followed and traced for > 1 km and additional en echelon gold-bearing structures have been identified. Bison plans to conduct a surface-based VLF-EM and magnetometer survey on the Eldorado grid to further aid in targeting for diamond drilling after freeze-up this fall.
The table below outlines the highlights of the 516 assay results received to date from surface exploration (see also press release dated July 8, 2011).
Sample | UTM E | UTM N | Type | AREA | Au g/t |
490621 | 332181 | 5641903 | gr | Eldorado | 64.23 |
490604 | 332220 | 5641851 | gr | Eldorado | 41.67 |
490617 | 332181 | 5641903 | gr | Eldorado | 40.91 |
490609 | 332134 | 5641978 | gr | Eldorado | 23.80 |
490625 | 332164 | 5641934 | gr | Eldorado | 11.83 |
490707 | 331079 | 5641528 | gr | Eldorado | 10.15 |
420416 | 332755 | 5639582 | gr | Ogama HW3 | 313.40 |
420708 | 332031 | 5639540 | gr | Ogama SW | 75.96 |
420219 | 332265 | 5639412 | gr | Ogama South | 64.44 |
420777 | 332404 | 5640421 | gr | Ogama North | 57.99 |
420383 | 332034 | 5639537 | gr | Ogama SW | 39.06 |
420727 | 331780 | 5640052 | gr | Rockland West | 30.38 |
420404 | 332681 | 5639534 | gr | Ogama HW2 | 22.67 |
420536 | 332251 | 5639579 | gr | Ogama SW | 16.91 |
420436 | 332786 | 5639563 | gr | Ogama HW3 | 11.56 |
420403 | 332681 | 5639534 | gr | Ogama HW2 | 10.46 |
"To date, we have identified and outlined 10 additional near-surface gold-bearing structures within 1 km of the Ogama mine workings that will be drill-tested this fall and winter," stated Lucas Ewart, President and CEO of Bison Gold.
Well, that’s the continuing encouraging news, keep up the good work, the stock price is what it is, SG will sign us on sooner or later (or else maybe one of the big boys has its eye on BGE), now the not so good news, back at the trough again!! Please stop it, you have enough!!!!
In addition, the Company is pleased to announce that under the Company's Stock Option Plan (the "Plan"), the Board of Directors of Bison Gold granted to Directors, Officers and employees of the Company incentive stock options to purchase an aggregate of 950,000 common shares of the Company at an exercise price of
.20 per share expiring September 6, 2016. The incentive stock options are subject to acceptance by the TSX Venture Exchange. The number of shares reserved for issuance under the Plan is 6,806,148 of which 5,902,501 have been granted under the Plan.