High Desert Gold Announces Acquisition of New Gold Target: Artillery Peak
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 29, 2008) – High Desert Gold Corporation (“HDG” or the “Company”) (TSX:HDG)(TSX:HDG.WT) is pleased to announce the acquisition of the Artillery Peak Property located in western Arizona.
As a result of the Company’s generative reconnaissance program, an option to purchase agreement was recently signed on a high-grade gold property, Artillery Peak, located in western Arizona. Geochemical results obtained from the owner show a series of low angle, high-grade veins which are exposed on surface and in a number of old workings. The underlying owner has conducted rock and soil sampling which was confirmed by HDG. The surface sampling recently completed by the Company has identified what could be a vein swarm of very high grade gold veins with the intervening granitic rock showing evidence of mineralization as well. HDG believes that the property may have the potential to develop into a bulk mineable target. Plans are to conduct surface work this fall followed by a drill program in late 2008 or early 2009.
The following table lists some of the results obtained to date from the property owner:
——————————————————————– —— Sample______________ Sample Length__________________Description__ Gold g/t Number(i) ——————————————————————– —— 10804A________________ Grab sample______________ Discovery vein______ 50.2 ——————————————————————– —— 10804B________________ Grab sample______________ Discovery vein______ 45.2 ——————————————————————– —— ART 6______ 5 foot continuous chip__________ Silicified breccia______25.45 ——————————————————————– —— ART 10________________ 10 – 15feet________________Sheeted veins______ 52.3 ——————————————————————– —— ART 16______6 foot continuous chip______Breccia zone in granite______ 1.92 ——————————————————————– —— ART 18______5 foot continuous chip______ 4 stacked quartz veins______ 3.68 ——————————————————————– —— ART 19______6 foot continuous chip______Multiple stacked quartz______ 6.43 __________________________________________________________veins ——————————————————————– —— ART 21______5 foot continuous chip______Multiple stacked quartz______14.25 __________________________________________________________veins ——————————————————————– —— ART 22______5 foot continuous chip______Quartz vein and granite______ 12.3 ______________________________________________________ wallrock ——————————————————————– —— ART 37______6 foot continuous chip__Granite containing 2 6 inch______ 15.5 __________________________________________________ quartz veins ——————————————————————– —— ART 61____ 10 foot continuous chip__________Within old workings______14.74 ——————————————————————– —— ART 125________________Grab sample____ Float sample breccia and______134.0 __________________________________________________vein material ——————————————————————– —— (i)These samples were not collected under Company supervision and though __ the Company has the assay sheets, the Company is not relying on these __ results.
Confirmation sampling by the Company has returned gold results from veins of up to 11.9 g/t, with samples of iron stained granite with minor veining averaging up to 5.84 g/t over 8 feet.
Assays obtained from the owner at Artillery Peak were performed by ALS Chemex (“ALS”) which is an ISO 9001:2000 certified laboratory. Gold was analyzed by the Au-AA23 method, with values greater than 10 gpt re-assayed using Au- GRA21. All other elements were analyzed by the ME-MS41 method. Confirmation samples taken by the Company were also analyzed by ALS. Gold was analyzed by the Au- GRA21 method and other elements by the ME-ICP61 method.
The Company continues its ongoing reconnaissance program in North America with the focus being Nevada, Arizona and a new program that was initiated this past summer in Alaska, with the intention of acquiring new and promising properties to add to its current portfolio of highly prospective properties.
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 Artillery Peak property is Randall Moore, Executive Vice President of Exploration, HDG 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 rock and soil samples 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.
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