High Desert Gold Corporation Announces Start of Drilling at the Gold Lake Porphyry Copper-Molybdenum-Gold Property in New Mexico, USA
Posted on: Thursday, 31 January 2008, 15:00 CST
High Desert Gold Corporation ("HDG" or the "Company") (TSX: HDG)(TSX: HDG.WT) is pleased to announce the beginning of drilling on the Gold Lake copper-molybdenum-gold property. Gold Lake is located approximately 10 km south-southeast of the Tyrone porphyry copper deposit and 23 km west-southwest of the Chino and Santa Rita porphyry copper deposits in Grant County, New Mexico.
The Company has identified a porphyry copper-molybdenum-gold target at Gold Lake which is expressed through surface geochemistry, strong porphyry-style alteration and a large Self Potential ("SP") geophysical anomaly. The Gold Lake property may represent the upper-level expression of a porphyry copper-molybdenum-gold system, with an area of leached cap having been identified with elevated copper-molybdenum-gold geochemistry over an area of approximately 2.9 kilometres by 1.0 kilometre. HDG plans to drill approximately 3,000 metres of core during this initial program. The drill holes are positioned to test a portion of the large copper in soil anomaly as well as the SP geophysical anomaly. The first analytical results are expected in March.
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 "plans,""intends,""anticipates,""should,""estimates,""expects,""believes,""indicates,""targeting,""suggests,""potential,""interpretation" and similar expressions. Information concerning the interpretation of drill results also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a 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. 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.
Contacts: High Desert Gold Corporation Richard Doran Executive Vice President, Investor Relations (303) 584-0606 (303) 758-2063 (FAX) Email: rdoran@highdesertgoldcorp.com
SOURCE: High Desert Gold Corporation
Source: MARKET WIRE
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