High Desert Gold Announces Update on Bluebird Copper-Silver Project Drill Program
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 26, 2008) – High Desert Gold Corporation (TSX:HDG)(TSX:HDG.WT)(“HDG” or the “Company”) is pleased to announce that it is drilling the sixth diamond drill hole at the Bluebird copper-silver property in western Montana. The initial plan is to drill 850 metres in order to test the continuity of copper and silver mineralization which was previously identified by drilling conducted by Anaconda Copper Company (“Anaconda”) as reported in HDG PR08-12, August 11, 2008.
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy. The initial drilling program at Bluebird will consist of a total of 7 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
All holes drilled to date include intervals of observable copper mineralization. The longest visual interval of copper mineralization is seen in hole 1 which includes a 27.5 metre interval from 128 to 155.5 metres. This copper mineralization includes visible chrysocolla, malachite and chalcocite. The prior drill hole in this area drilled by Anaconda averaged 0.88% copper and 9.3 gpt silver over 29 metres including 10.4 metres averaging 1.68% copper and 22.7 gpt silver. (HDG PR08-12, August 11, 2008). The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with current standards, therefore may not be reliable and HDG is not relying on these results.
Five holes have been drilled in the area of previous drilling and are testing approximately 1,100 metres of strike. A second new area will also be tested with two drill holes which is located 3 kilometres to the north along the strike of the mineralized horizon. The second area has similar surface geochemistry to the area of past drilling.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Bluebird property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
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 soil samples and 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. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore these results may not be reliable and HDG is not relying on these results. 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.
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