High Desert Gold Corporation ("HDG" or the "Company") (TSX
VENTURE:HDG)(OTCQX:HDGCF)(FRANKFURT:7HD) is pleased to report that
it has now completed 49 reverse circulation drill holes in the 2013
drill program on its 100% owned Gold Springs project located in
Nevada and Utah, both pro mining jurisdictions. Thirty-seven of
these holes were drilled in the Grey Eagle Zone on the Nevada side
of the project and 12 holes, drilled earlier this year, were
located in the Jumbo Trend on the Utah side of the project. Assay
results from nine RC holes are reported here. The Grey Eagle target
is now comprised of the North, Main and South Zones that has a
strike length of 670 metres.
Ralph Fitch President and CEO, stated "Results from the Grey
Eagle Main Zone are starting to be consistent with good results,
significantly expanding the zone of known mineralization. Clearly
if this continues it will have a big impact on the size of our
resource. The last hole reported, GE-13-33, is of particular
promise in that the mineralization is shallow and high grade and
continues to be open to the west. Again, I encourage you to visit
our web-site (http://www.hdggold.com/goldsprings.html) and view the
drill sections that demonstrate the growing importance and size of
the Grey Eagle Main Zone which starts at surface and dips at
approximately 50 degrees to the northwest."
A summary of the drill results from this important drill hole at
Grey Eagle, GE13-33 is shown in the following table:
------------------------------------------------------------
Drill Hole Length(ii) (m) AuEq(i) (g/t)
------------------------------------------------------------
GE-13-033 86.9 1.06
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-033 38.1 1.98
------------------------------------------------------------
And two vein intervals
------------------------------------------------------------
GE-13-033 9.1 3.21
------------------------------------------------------------
GE-13-033 7.6 3.00
------------------------------------------------------------
Six drill holes are reported from the Main Zone at Grey Eagle,
one from the North Zone and two from the down-faulted South Zone.
The Main Zone is the best understood and demonstrates the most
consistent mineralization found to date at Grey Eagle. The Main
Zone is presently approximately 300 metres long with a width of
150- 200 metres which is open to expansion to the west. The holes
reported here are from Sections 5, 6 and 8. The holes from Section
5 and 6 are the ones referred to in the previous press release (PR
13-21, August 20, 2013) as having good geology but that assays were
pending at the time. As seen in the table below, the results
continue to be very positive and Section 8, another 60 metres to
the north, not only shows the continuation of this style of
mineralization but that it occurs at or near the surface with
higher grades.
------------------------------------------------------------
Drill Hole Length(ii) (m) AuEq(i) (g/t)
------------------------------------------------------------
Section 8
------------------------------------------------------------
GE-13-033 86.9 1.06
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-033 38.1 1.98
------------------------------------------------------------
And two vein intervals
------------------------------------------------------------
GE-13-033 9.1 3.21
------------------------------------------------------------
GE-13-033 7.6 3.00
------------------------------------------------------------
------------------------------------------------------------
GE-13-032 was drilled from the same collar as GE-13-033
------------------------------------------------------------
GE-13-032 48.8 0.64
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-032 13.7 1.43
------------------------------------------------------------
And two vein intervals
------------------------------------------------------------
GE-13-032 1.5 6.94
------------------------------------------------------------
GE-13-032 4.6 3.47
------------------------------------------------------------
------------------------------------------------------------
Drill Hole Length(ii) (m) AuEq(i) (g/t)
------------------------------------------------------------
Section 6
------------------------------------------------------------
GE-13-030 80.8 0.70
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-030 29.0 1.29
------------------------------------------------------------
And a vein interval
------------------------------------------------------------
GE-13-030 1.5 3.69
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
GE-13-031 was drilled from the same collar as GE-13-032
------------------------------------------------------------
GE-13-031 42.7 0.53
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-031 24.4 0.72
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
Drill Hole Length(ii) (m) AuEq(i) (g/t)
------------------------------------------------------------
Section 5
------------------------------------------------------------
GE-13-029 82.3 0.60
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-029 12.2 1.06
------------------------------------------------------------
and
------------------------------------------------------------
GE-13-029 33.5 0.92
------------------------------------------------------------
And two vein intervals
------------------------------------------------------------
GE-13-029 3.0 3.51
------------------------------------------------------------
GE-13-029 3.0 4.02
------------------------------------------------------------
------------------------------------------------------------
GE-13-028 was drilled from the same collar as GE-13-029
------------------------------------------------------------
GE-13-028 45.7 0.65
------------------------------------------------------------
including
------------------------------------------------------------
GE-13-028 24.4 1.02
------------------------------------------------------------
And a vein interval
------------------------------------------------------------
GE-13-028 3.0 3.46
------------------------------------------------------------
Drill hole GE-13-27 drilled in the North Zone was an exploratory
hole to help understand structure. It intersected 44 m @0.36g/t
AuEq including 20 m of 0.6 g/t AuEq. The two holes in the
down-faulted South Zone only intersected minor mineralization at
200 metres below surface and ended before reaching the footwall to
the mineralization. The mineralization is believed to be much
deeper in the South Zone because it has been down-faulted and
because the strike has become more north-south, moving the
shallower part of the mineral system further east. Current drilling
is located further east and is designed to intersect the
mineralization up-dip at a shallower depth.
The following table lists results from the holes reported in
this press release:
Grey Eagle
----------------------------------------------------------------------------
Drill Hole Azimuth Dip from (m) to (m)
----------------------------------------------------------------------------
GE-13-025 120 -65 201.2 217.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
210.3 217.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-026 120 -65 213.4 233.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-027 120 -45 32.0 51.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-028 120 -75 61.0 106.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
61.0 85.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
82.3 85.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-029 300 -85 80.8 163.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
80.8 93.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------
114.3 147.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
118.9 121.9
----------------------------------------------------------------------------
143.3 146.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-030 120 -70 33.5 114.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
35.1 64.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------
41.1 42.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-031 0 -90 53.3 96.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------
64.0 88.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-032 120 -70 18.3 67.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
53.3 67.1
----------------------------------------------------------------------------
----------------------------------------------------------------------------
53.3 54.9
----------------------------------------------------------------------------
53.3 57.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-033 0 -90 18.3 105.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-033 24.4 62.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-033 27.4 36.6
----------------------------------------------------------------------------
GE-13-033 44.2 51.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Drill Hole Length(ii) (m) gold (g/t) silver (g/t) AuEq(i) (g/t)
----------------------------------------------------------------------------
GE-13-025 16.8 0.33 6.56 0.45
----------------------------------------------------------------------------
----------------------------------------------------------------------------
7.6 0.48 11.82 0.69
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-026 19.8 0.09 1.95 0.13
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-027 19.8 0.33 9.81 0.50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-028 45.7 0.57 4.64 0.65
----------------------------------------------------------------------------
----------------------------------------------------------------------------
24.4 0.91 6.19 1.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
3.0 3.29 9.55 3.46
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-029 82.3 0.51 5.21 0.60
----------------------------------------------------------------------------
----------------------------------------------------------------------------
12.2 0.73 18.75 1.06
----------------------------------------------------------------------------
----------------------------------------------------------------------------
33.5 0.84 4.32 0.92
----------------------------------------------------------------------------
----------------------------------------------------------------------------
3.0 3.29 12.35 3.51
----------------------------------------------------------------------------
3.0 3.96 3.25 4.02
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-030 80.8 0.55 8.24 0.70
----------------------------------------------------------------------------
----------------------------------------------------------------------------
29.0 1.02 15.59 1.29
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1.5 3.04 37.20 3.69
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-031 42.7 0.37 9.38 0.53
----------------------------------------------------------------------------
----------------------------------------------------------------------------
24.4 0.49 13.21 0.72
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-032 48.8 0.57 4.18 0.64
----------------------------------------------------------------------------
----------------------------------------------------------------------------
13.7 1.33 5.77 1.43
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1.5 6.54 22.50 6.94
----------------------------------------------------------------------------
4.6 3.27 11.53 3.47
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-033 86.9 0.94 6.95 1.06
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-033 38.1 1.75 13.26 1.98
----------------------------------------------------------------------------
----------------------------------------------------------------------------
GE-13-033 9.1 2.91 17.48 3.21
----------------------------------------------------------------------------
GE-13-033 7.6 2.65 20.10 3.00
----------------------------------------------------------------------------
(ii)(The true width of these intercepts is not known but is
believed to be between 80-95 % of the length.)
(i)(AuEq(i)) calculations reflect gross metal content using a
metal price ratio of 57.14 Au/Ag and have not been adjusted for
metallurgical recoveries.
Detailed maps of the target areas in both Utah and Nevada can be
found on the Company's website at
http://www.hdggold.com/goldsprings.html
The total inferred resource at Gold Springs reported on March
28, 2013, prior to the 2013 drill program is 415,254 AuEq(i). This
is a combination of resources estimated at the Jumbo and Grey Eagle
targets as shown in the following tables:
The Gold Springs Inferred Resource Estimate as of March 28,
2013(ii):
----------------------------------------------------------------------------
Cut-off Grade (AuEq(i)
g/t) Gold
----------------------------------------------------------------------------
Grade
Tonnes (g/t) Troy Ounces
----------------------------------------------------------------------------
0.3 g/t 19,373,085 0.48 301,756
----------------------------------------------------------------------------
0.6 g/t 7,401,016 0.81 193,145
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Cut-off Grade (AuEq(i)
g/t) Silver (AuEq(i))
----------------------------------------------------------------------------
Grade Grade
(g/t) Troy Ounces (g/t) Troy Ounces
----------------------------------------------------------------------------
0.3 g/t 10.4 6,476,149 0.67 415,254
----------------------------------------------------------------------------
0.6 g/t 14.4 3,422,896 1.06 253,119
----------------------------------------------------------------------------
Jumbo Target Inferred Resource Estimate
----------------------------------------------------------------------------
Cut-off Grade (AuEq(i)
g/t) Gold
----------------------------------------------------------------------------
Grade
Tonnes (g/t) Troy Ounces
----------------------------------------------------------------------------
0.3 g/t 16,473,441 0.45 239,275
----------------------------------------------------------------------------
0.6 g/t 6,334,657 0.74 151,118
----------------------------------------------------------------------------
---------------------------------------------------------------------------
Cut-off Grade (AuEq(i)
g/t) Silver (AuEq(i))
---------------------------------------------------------------------------
Grade Grade
(g/t) Troy Ounces (g/t) Troy Ounces
---------------------------------------------------------------------------
0.3 g/t 11.0 5,843,533 0.65 341,683
---------------------------------------------------------------------------
0.6 g/t 15.0 3,058,804 1.01 204,713
---------------------------------------------------------------------------
Grey Eagle Target Inferred Resource Estimate
----------------------------------------------------------------------------
Cut-off Grade (AuEq(i)
g/t) Gold
----------------------------------------------------------------------------
Grade
Tonnes (g/t) Troy Ounces
----------------------------------------------------------------------------
0.3 g/t 2,899,643 0.67 62,482
----------------------------------------------------------------------------
0.6 g/t 1,066,359 1.23 42,027
----------------------------------------------------------------------------
---------------------------------------------------------------------------
Cut-off Grade (AuEq(i)
g/t) Silver (AuEq(i))
---------------------------------------------------------------------------
Grade Grade
(g/t) Troy Ounces (g/t) Troy Ounces
---------------------------------------------------------------------------
0.3 g/t 6.8 632,617 0.79 73,570
---------------------------------------------------------------------------
0.6 g/t 10.6 364,092 1.41 48,406
---------------------------------------------------------------------------
Source: (HDG PR13-07, March 28, 2013)
(i)(AuEq) calculations reflect gross metal content using a metal
price ratio of 57.14 Au/Ag and have not been adjusted for
metallurgical recoveries.
(ii) The qualified person who prepared the technical information
regarding the resource estimate was Dr. A. Armitage, PGeol of
GeoVector Management Inc., who is independent of the Company.
Mineral resources that are not mineral reserves do not have to
demonstrate economic viability, A block model was constructed using
5-metre by 10-metre by 10-metre blocks in the x, y and z directions
respectively. Grades for gold and silver were interpolated into the
blocks by the inverse distance squared method using a minimum of
two and maximum of 10 composites to generate block grades. The
Company is not aware of any environmental, permitting, legal,
title, taxation, socio-political or other issues which would
materially affect the resource estimate. For more details regarding
this resource estimation, please see the Technical Report filed on
SEDAR on May 9, 2013 and on the Gold Springs page at
www.hdggold.com.
The Qualified Person on the Gold Springs property is Randall
Moore, Executive Vice President of Exploration of High Desert Gold
Corporation and he has reviewed and approved the content of this
press release.
Assays were performed in Reno, Nevada by Inspectorate
Laboratories, an ISO 9001:2000 Certified laboratory. Gold was
analyzed by fire assay of either a 15 or a 30 gram sample with an
ICP finish. All other elements were analyzed by the 50-4A-UT
method.
ABOUT HIGH DESERT GOLD
The Company is a mineral exploration company that acquires and
explores mineral properties, primarily gold, copper and silver, in
North America. The major properties held by HDG are the 100% owned
Gold Springs gold project situated along the border between Utah
and Nevada and the San Antonio project in Sonora, Mexico. The
Company also has a 26.8% equity interest in Highvista Gold Inc that
owns the Canasta Dorada property in Sonora, Mexico. There has been
insufficient exploration to define a property-wide mineral resource
at Gold Springs and it is uncertain if further exploration will
result in the targets at Gold Springs being delineated as a mineral
resource.
Forward-looking Statements
Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on
the business. Forward-looking statements may include words such as
"continues", "promise", "demonstrate", "expansion", "further",
"will", "believed" and similar expressions. Information concerning
mineral resource estimates and the interpretation of drill results
may also be considered forward-looking statements as such
information constitutes a prediction of what mineralization might
be found to be present if and when a mining project is actually
developed. These forward- looking statements are based on current
expectations and entail various risks and uncertainties. Actual
results may materially differ from expectations, if known and
unknown risks or uncertainties affect our business, or if our
estimates or assumptions prove inaccurate. Factors that could cause
results or events to differ materially from current expectations
expressed or implied by the forward-looking statements, include,
but are not limited to, possible variations in mineral resources,
grade, metal prices; availability of sufficient financing to fund
planned or further required work in a timely manner and on
acceptable terms; changes in project parameters as plans continue
to be refined; failure of equipment or processes to operate as
anticipated; regulatory, environmental and other risks of the
mining industry more fully described in the Company's Management
Discussion & Analysis of Financial Position and Results of
Operations, which is available on SEDAR at www.sedar.com. The
assumptions made in developing the forward-looking statements
include: the accuracy of current resource estimates and the
interpretation of drill, metallurgical testing and other
exploration results; the availability of equipment and qualified
personnel to advance the Gold Springs project; execution of the
Company's existing plans and further exploration and development
programs for Gold Springs, which may change due to changes in the
views of the Company or if new information arises which makes it
prudent to change such plans or programs.
Readers are cautioned not to place undue reliance on the
forward-looking statements contained in this news release. Except
as required by law, HDG assumes no obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or any other reason. Unless otherwise
indicated, forward-looking statements in this news release describe
the Company's expectations as of September 10, 2013.
Inferred Resources
This news release uses the term 'inferred resources' which is
recognized and required by Canadian regulations (under National
Instrument 43-101 Standards of Disclosure for Mineral Projects),
however, such term is not a defined term under SEC Industry Guide 7
and is not normally permitted to be used in reports and
registration statements filed with the United States Securities and
Exchange Commission. Investors are cautioned not to assume that any
part or all of the 'inferred resources' will be upgraded or
converted into 'indicated resources' or 'reserves' as defined under
NI 43-101. In addition, 'inferred resources' have a great amount of
uncertainty as to their existence, and economic and legal
feasibility. Under Canadian rules, estimates of inferred resources
may not form the basis of feasibility or pre-feasibility studies,
or economic studies except for a preliminary economic assessment as
defined under NI 43-101. Investors are cautioned not to assume that
part or all of an inferred resource exists, or is economically or
legally mineable.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Richard Doran Executive Vice President (303) 584-0608
(303) 758-2063 (FAX)