American Sierra Gold Samples 123.52 G/T Gold at Discovery Day Project
March 11 2010 - 8:45AM
Marketwired
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold
exploration company headquartered in Reno, Nevada, is pleased to
report the first results of its on-going sampling, survey and
mapping program at the Discovery Day Gold Property. Geological and
survey crews performed extensive work at the site during February
2010 with follow up assays, recordation of data and mapping.
Sampling Program
A total of 15 samples were taken from various locations of
significance at the historical Gilta mine located on the north side
of Bowerman Mountain. The purpose of the sampling program was to
validate historical data on ore grades previously mined and provide
information on potential un-mined ore shoots. The average assay
value for the 15 samples was 21.97 g/t Au.
The samples were collected from muck piles, caved stopes and mine
dumps left from previous operations and contained a mix of wallrock
and vein material. One third of the samples contained an abundance
of quartz vein material and were identified as ore. Assays on these
five ore samples averaged 53.19 g/t Au (1.71
opt), significantly higher than the expected mining cutoff
grade of 3/4 opt Au. The samples were assayed by ALS Chemex in
Reno, Nevada.
The full results of the sampling program are as follows:
Sample # and Description g/t Au o/t Au
--------------------------------------------------------------------- ------
1A - Chipped from hanging wall contact (ore) right rib of "Vein
1" 28.61 0.92
1B - Grab of slough (mix) from stoped workings of "Vein 1" 7.07 0.23
1C - Grab of slough (mix) from stoped workings of "Vein 1" 8.18 0.26
1D - Grab sample from stope sides (wallrock) of "Vein 1" 1.83 0.06
1E - Quartz seams on footwall (wallrock) of stope of "Vein 1" 4.54 0.15
1F - Quartz seams on footwall (wallrock) of stope of "Vein 1" 5.56 0.18
2A - Grab sample from collapsed stope (ore) of "Vein 2" 25.61 0.82
2B - Grab of slough (mix) from stoped workings of "Vein 2" 2.53 0.08
3A - Surface grab sample of outcrop (ore) of "Vein 2" 123.52 3.97
3B - Surface grab of vein rock (ore)from dump at Gilta level 4 58.58 1.88
3C - Quartz seams in wallrock on left side of stope on "Vein 1" 0.78 0.03
3D - Quartz seams in wallrock on left side of stope on "Vein 1" 0.74 0.02
3E - Grab from right side of stope slough pile (wallrock) "Vein
1" < 0.05 < 0.01
3F - Grab from center of stope slough pile (ore) "Vein 1" 30.33 0.98
3G - Grab from left side of stope slough pile (wallrock) "Vein
1" 1.39 0.04
Notes: "Ore" is predominately vein material (results in bold)
"Mix" is combination of wallrock and vein material
The assay results validate the previous historical reports that
early operators located and mined several high-grade ore shoots in
multiple veins with ore values ranging from 1-4 ounces of gold per
ton. All veins are open along strike (horizontally) to the
southeast side of Bowerman Mountain and there are indications that
additional veining may be discovered to the southeast, as seen by
exposures in the present Discovery Day workings.
Survey and Mapping Program
During this recent phase of the exploration program a survey
crew performed extensive surface and underground survey work at
both the Discovery Day and Gilta workings. A surface survey was
completed encompassing the three Discovery Day portals on the south
side of Bowerman and the Gilta levels 2 through 6 on the north
side. The survey determined among other things that the Gilta level
6 portal is 10' higher in elevation than the Discovery Day main
haulage portal. Tolerances for the survey points for this data were
reported by the surveyor to be within one inch of vertical
error.
In addition to the surface survey, an underground survey was
performed on both the Gilta 6 level and the previously un-surveyed
workings in the Discovery Day main haulage level. While the
accessibility to all of the workings in the Gilta 6 was limited,
the crew was able to take dip and strike readings on one of the
major veins accessed by the workings. This survey data is currently
being mapped and will be supplemented with historical reports to
determine accurate projections of the Gold Run and Hunter veins
throughout the mountain. These projections will facilitate and
improve the accuracy of the planned upcoming development work
focused on accessing the extensions of these high-grade structures
at the Discovery Day mine. The mapping is expected to be completed
by March 15.
Based on these encouraging results American Sierra plans to
accelerate an aggressive exploration program with additional
underground and surface sampling, trenching and core drilling to
rapidly advance this project. "This recent work effort has greatly
increased our knowledge of the relative positions of the existing
workings and mineralization on Bowerman Mountain. The high-grade
assay results and vein projections confirm our expectations as to
the vast extent of mineable ore remaining in the mountain," said
Wayne Gruden, American Sierra's CEO. "We plan to use this sample
and survey work to construct a new, accurate set of maps that tie
together all of the present and historical data on the numerous
high-grade veins. This mapping work, will assist the company in
fine tuning our scheduled exploration and mining programs and
enable us to significantly expand our resource base at the
Discovery Day property," added Mr. Gruden.
Forward-Looking Statements
The statements by our officers, and other statements regarding
optimism related to the business, expanding exploration and
development activities and other statements in this press release
are forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. Such statements are based on current
expectations, estimates and projections about the Company's
business. Words such as expects, anticipates, intends, plans,
believes, sees, estimates and variations of such words and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks and uncertainties that are
difficult to predict. Actual results could vary materially from the
description contained herein due to many risk factors that affect
the industry the Company operates in and other risk factors listed
from time to time in the Company's Securities and Exchange
Commission (SEC) filings under "risk factors" and elsewhere. The
forward-looking statements contained in this press release speak
only as of the date on which they are made, and the Company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.
For further information please contact: American Sierra Gold
Corp Wayne Gruden President and CEO Investor Relations
1-888-279-3921 Email Contact www.americansierragold.com
American Sierra Gold (PK) (USOTC:AMNP)
Historical Stock Chart
From Oct 2024 to Nov 2024
American Sierra Gold (PK) (USOTC:AMNP)
Historical Stock Chart
From Nov 2023 to Nov 2024