It is news, but..........what happened to the news from the "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"???????????
No news is what??; bad, good, time to load up on some more options before the market sees the results, time to sell some more shares?????? WHERE'S THE BEEF GUYS?????????
Bison Gold Resources Inc. Exploration Update: Surface Exploration Identifies Additional Gold-Bearing Structures on the Central Manitoba and Cryderman Properties
Wednesday, November 02, 2011
TORONTO, ONTARIO--(Marketwire - Nov. 2, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from ongoing surface work on the Ogama-Rockland trend from the company's Central Manitoba Property and the Cryderman Property.
Extensive clearing, trenching and channel sampling in the Ogama-Rockland area of the Central Manitoba Property has discovered additional gold-bearing structures. Following up on the discovery of the HW3 zone by diamond drilling and field mapping/sampling (see News Releases dated July 8, 2011 and September 15, 2011), Bison technical personnel conducted extensive clearing along strike to the east following the surface expression of the gold-bearing structure. The HW3 zone has been confirmed to extend 100 metres along strike to the east of the original discovery as confirmed by surface channel samples C-841 and C-755. Please refer to the following table for the assay results.
Sample/Channel | UTM E (m) | UTM N (m) | Area | Type | Width (m) | Au g/t |
C-755 | 332755 | 5639582 | Ogama | composite | 1.85 | 27.25 |
420838 | including | | Ogama | channel | 0.30 | 152.1 |
420839 | including | | Ogama | channel | 0.30 | 15.67 |
C-841 | 332841 | 5639524 | Ogama | composite | 0.90 | 26.18 |
420867 | including | | Ogama | channel | 0.30 | 42.01 |
420868 | including | | Ogama | channel | 0.30 | 24.18 |
420869 | including | | Ogama | channel | 0.30 | 12.35 |
Bison technical personnel have continued their extensive surface program on the Property in anticipation of a major diamond drilling campaign during the winter months of 2011-2012.
The Cryderman Property, located approximately 8 km to the north of the Central Manitoba Property and approximately 23 km east of San Gold Corporation's Rice Lake Gold Mines Project, has seen sporadic exploration and limited development since the initial discovery of a large gold-bearing quartz vein in 1925. By 1932, a 79 metre shaft had been sunk on the 'Main Vein' and Cryderman Gold Mining Ltd. attempted production but only produced 373 ounces of gold over a 3 month period. Limited exploration has occurred on the Property since the failed attempt at production.
Bison technical personnel conducted an extensive due diligence and compilation of all the historical exploration on the Property. Highlights of this due diligence are: four shear-hosted gold-bearing structures have been discovered on the Property to date; an additional four multimedia gold geochemical anomalies exist on the Property and remain untested and; the original Cryderman Deposit remains open along strike and to depth.
In mid-August of 2011, Bison initiated the first modern reconnaissance field mapping and geochemical sampling program on the Cryderman Property based on their due diligence work. Results were very encouraging with the historical mineralized showings confirmed by sampling. Seven (7) of one hundred and thirty-six (136) grab samples returned gold values greater than 3 g/t Au with a majority of the samples being taken in an attempt to identify lithological and alteration geochemistry surrounding heavily mineralized rocks. Please refer to the table below for the assay results.
Sample/Channel | UTM E (m) | UTM N (m) | Area | Type | Width (m) | Au g/t |
492602 | 332342 | 5650111 | Cryderman | grab | n/a | 61.09 |
492604 | 332342 | 5650111 | Cryderman | grab | n/a | 37.48 |
492613 | 332386 | 5650080 | Cryderman | float | n/a | 32.92 |
492603 | 332342 | 5650111 | Cryderman | grab | n/a | 27.16 |
492604 | 332279 | 5650183 | Cryderman | grab | n/a | 15.78 |
492605 | 332266 | 5650193 | Cryderman | grab | n/a | 14.68 |
492606 | 332611 | 5650355 | Cryderman | grab | n/a | 3.02 |
"We are very encouraged by the results obtained from our exploration team on the Cryderman Property this summer," stated Lucas Ewart, President and CEO of Bison. "We believe there is great potential for the Cryderman Property to host significant gold mineralization and the exploration team has been tasked with developing the next phase of exploration work that will include diamond drilling on the Property for 2012."