Bison Gold Resources Inc. Exploration Update: Drilling Intersects Near Surface Gold Mineralization: 29.38 Metres of 3.05 g/t ...
30 Agosto 2012 - 3:30PM
Marketwired Canada
Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is
pleased to provide an update on results from the completed drilling program on
the Ogama Structural Corridor from the company's Central Manitoba Property.
Bison previously released results from the first nineteen holes of this drilling
program in press releases dated March 12th, April 3rd, April 30th and May 24,
2012. This release details results from the remaining drill holes on the program
(OG-12-25 to OG-12-32). These eight holes targeted all known mineralized
structures to date. Gold mineralization was intersected within each targeted
zone and several new gold mineralized structures were identified.
Drill hole OG-12-34 targeted Ogama vein 4 near surface and cut 3.05 g/t Au over
a drill core width of 29.38 metres (including 25.69 g/t Au over 2.96 metres) at
a vertical depth of approximately 10 to 30 metres. "This intersection is
significant in the fact that Ogama Vein #4 is present near surface with
substantial grade and width," remarked David Benson, Qualified Person for Bison
Gold.
Other significant intersections noted from the results herein were the
intersections of the 420 zone in both drill holes OG-12-25 and OG-12-28. Both of
these holes intersected the 420 zone at approximately 500 metres vertical depth
and 50 metres away from one another. OG-12-25 cut 7.71 metres of 4.24 g/t gold;
OG-12-28 cut 5.92 metres of 13.02 g/t gold. Drilling has identified that the 420
zone now extends a minimum 500 metres below surface; has a minimum strike length
of 75 metres and the structure contains gold mineralization of substantial grade
and width.
The remaining drill holes reported here each targeted multiple zones within the
Ogama Structural Corridor extending east and west along strike from the Ogama
mine workings. These remaining holes intersected the targeted horizons with
minimum anticipated results as well as cutting additional anomalous zones not
previously identified or reported adjacent to the targets. Please refer to the
table below for drill intersections from drill holes OG-12-25 through OG-12-32.
----------------------------------------------------------------------------
HOLE From (m) To (m) Width (m) Au g/t Zone
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OG-12-32 12.72 42.10 29.38 3.05 VEIN#4
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including 19.04 22.00 2.96 25.69 VEIN#4
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including 33.00 37.05 4.05 2.70 VEIN#4
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OG-12-32 68.30 69.80 1.50 4.46 FW(NEW)
----------------------------------------------------------------------------
OG-12-31 153.20 161.30 8.10 0.53 VEIN#4
----------------------------------------------------------------------------
OG-12-30 312.91 313.50 0.59 1.67 VEIN#4
----------------------------------------------------------------------------
OG-12-29 203.45 204.00 0.55 8.02 Ondandago
----------------------------------------------------------------------------
OG-12-29 83.50 92.88 9.38 0.36 VEIN#4
----------------------------------------------------------------------------
OG-12-28 671.68 677.60 5.92 13.02 420 ZONE
----------------------------------------------------------------------------
including 673.00 674.50 1.50 49.79 420 ZONE
----------------------------------------------------------------------------
OG-12-28 509.00 513.50 4.50 2.05 FW(NEW)
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OG-12-28 585.50 604.00 18.50 0.39 FW(NEW)
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OG-12-28 15.10 20.00 4.90 3.52 HW2
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OG-12-27 75.98 78.45 2.47 9.95 HW4(NEW)
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OG-12-27 82.80 85.20 2.40 1.17 HW4(NEW)
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OG-12-27 123.15 127.85 4.70 1.10 HW3
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OG-12-27 239.33 244.00 4.67 0.50 HW2
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OG-12-27 394.00 395.50 1.50 1.80 HW1
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OG-12-27 594.00 595.00 1.00 1.33 VEIN#1
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OG-12-27 614.25 615.50 1.25 1.56 VEIN#4
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OG-12-26 151.33 152.09 0.76 1.90 HW3
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OG-12-26 216.71 217.32 0.61 1.20 HW2
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OG-12-26 267.87 271.90 4.03 1.66 HW1
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OG-12-26 357.92 358.85 0.93 1.90 VEIN#1
----------------------------------------------------------------------------
OG-12-26 373.67 387.00 13.33 0.42 VEIN#4
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OG-12-26 534.75 546.45 11.70 0.23 FW1
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OG-12-26 564.40 565.40 1.00 1.63 FW2
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OG-12-26 645.66 647.16 1.50 2.87 FW(NEW)
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OG-12-25 38.37 38.66 0.29 1.63 HW3
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OG-12-25 76.40 77.98 1.58 2.54 HW2
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OG-12-25 196.86 204.43 7.57 0.44 HW1
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OG-12-25 259.32 262.94 3.62 0.75 VEIN#1
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OG-12-25 301.10 306.92 5.82 0.91 VEIN#4
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OG-12-25 423.36 424.30 0.94 1.14 FW1
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OG-12-25 486.20 488.32 2.12 0.48 FW2
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OG-12-25 503.00 505.42 2.42 0.56 FW(NEW)
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OG-12-25 614.34 615.64 1.30 0.68 FW(NEW)
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OG-12-25 681.45 688.55 7.10 4.24 420 ZONE
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including 683.63 685.84 2.21 13.28 420 ZONE
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Width (m) is the length in drill core and does not represent true width of
the mineralization. True width is estimated in all cases to be greater than
80% of drill core width.
Bison has now completed the drilling program. It consisted of 32 holes totalling
12,043 metres. The company is currently incorporating all the results in to the
geological model for the Ogama Structural Corridor and a further drilling
program is being planned.
QA/QC
Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other
half retained for reference. Most gold analyses were done using 50g fire assay
with AA finish. A gravimetric finish is employed where samples return gold
values in excess of 3000 ppb. Screen metallics techniques were used on samples
with visible gold. TSL maintains a strict quality control program with
standards, blanks and duplicates included with every sample series. Standards
and blanks are inserted regularly by Bison Gold personnel in to the sample
series at their on-site core processing facility.
All exploration activities for Bison Gold are under the supervision and guidance
of David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson
has reviewed the technical portions of this news release.
About Bison Gold
Bison Gold is a Canadian public company listed on the TSX Venture Exchange.
Bison Gold is focused on gold exploration with property assets in Manitoba,
Canada. The flagship property, Central Manitoba, is historically the 2nd largest
gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s
Rice Lake Mining Operations. Further details can be found on Bison Gold's
website at www.bisongold.com.
We seek safe harbour. This news release contains forward-looking statements
regarding the timing and content of upcoming programs and may be subject to
regulatory approval. Actual results may differ materially from those currently
anticipated in such statements. Without limitation, statements regarding
potential mineralization and resources, exploration results, and future plans
and objectives of the Company are forward looking statements that involve
various risks. The following are important factors that could cause the
Company's actual results to differ materially from those expressed or implied by
such forward looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral exploration,
risks associated with development, construction and mining operations, the
uncertainty of future profitability and the uncertainty of access to additional
capital. There can be no assurance that forward-looking statements will prove to
be accurate as actual results and future events may differ materially from those
anticipated in such statements. Bison undertakes no obligation to update such
forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
such forward-looking statements.
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