LAS VEGAS, Jan. 17, 2012 /PRNewswire/ -- Gunpowder Gold
Corporation (OTCBB: GUNP) ("Gunpowder" or the "Company") is pleased
to announce that it has expanded its Dome Rock gold project through
an option agreement with Horizon Exploration Inc., to include an
additional 33 unpatented claims south-of and contiguous-to its
BHR62 claim as part of the Company's Dome Rock gold project in
La Paz County, Arizona.
"As a result of the significant precious metals samples we've
assayed, including the most recent assays near BHR62, we have
expanded our project to include nearly seven hundred additional
acres to the south, and contiguous to, our BHR62 claim. We have
dispatched a field crew to carry out sampling on this new claim
block," stated Michael Nott,
president of Gunpowder.
Gunpowder holds a 100% option agreement on the claim block.
After completion of additional sampling, the Company expects to
advance to the next phase of its exploration program, at which
point the technical team will be assessing specific drill
targets.
About The Company
Gunpowder Gold Corporation is a gold exploration company in
pursuit of high impact gold projects in the Walker Lane Trend, as
it extends into Arizona. The
Company has developed a strategically-located set of mineral claims
in the Dome Rock mountains region of Arizona. The Dome Rock project is
approximately nine miles from the Copperstone mine, one of the
largest gold discoveries in Arizona's history. The Copperstone open pit
and underground workings are located at the northern tip of the
Dome Rock mountains.
The Company's Dome Rock project in western Arizona is located on-trend of the world
famous Walker Lane. The Walker Lane
Gold Trend has produced over 50 million oz of gold and 400 million
oz of silver, historically.
Statement:
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan," or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements. The forward-looking statements which involve risks and
uncertainties that include, among others, limited operating
history, limited access to operating capital, factors detailed in
the accuracy of geological and geophysical results including
drilling and assay reports; the ability to close the acquisition of
mineral exploration properties, and other factors which may cause
the actual results, performance or achievements of the company to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. More information is included in the company's filings
with the Securities and Exchange Commission, and may be accessed
through the SEC's website at http://www.sec.gov.
www.GunpowderGold.com
SOURCE Gunpowder Gold Corp.