High Desert Gold Announces New Drilling Results from Gold Springs Project

High Desert Gold (HDG) has reported new drilling results from the Gold Springs project. HDG has obtained the last results of the two holes drilled at the Grey Eagle target. The company intersected 6.18 g/t gold equivalent (Au Eq) over 21.4 m, 2.39 g/t Au Eq over 62.5 m, 5.17 g/t Au Eq over 3.1 m and 0.92 g/t Au Eq over 33.5 m in holes GE-12-001 and GE-12-002.

The company has specifically collared the two reverse circulation (RC) holes on the same drill pad and the RC holes were drilled in opposite easterly-westerly directions; therefore the mineralized zone encountered in these two holes is vertical. These holes are drilled roughly 150 m towards the southern part of the hole drilled during last year. The company encountered 1.47 g/t Au Eq over 12.2 m in hole GE-11-08.

The Keno mine’s northern most works lies 250 m towards south of the reported holes. This mineralized zone can be outlined for 1 km along strike before passing under colluvial cover towards the Keno mine’s southern part. The ZTEM geophysical survey defined a strong resistivity high, which is in line with the Grey Eagle mineralized zone similar to that found in the Jumbo zone.

HDG has drilled 34 holes in 2012 program and is expecting to receive assay results from further 14 holes from both Utah and Nevada within the next month. The company has stopped drilling for about two months so that it can obtain assay results from the lab and analyze before advancing to the phase of resource extension drilling.

Drilling at the Gold Springs project is specifically designed to drill possible expansions towards the formerly announced inferred resource of 9.4 Mt grading 12.9 g/t silver and 0.57 g/t gold for 3.88 M oz silver and 173,000 oz gold. Additionally, drill program will examine further high-priority target areas in Utah and Nevada with an intention to discover fresh gold mineralization area.

Inspectorate Laboratories carried out assays in Reno, Nevada.

Source: http://www.highdesertgoldcorp.com/

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