High Desert Gold Corporation Updates Inferred Resource Estimates for Jumbo Zone, Initial Inferred Resource for Grey Eagle Zone

- April 2nd, 2013

High Desert Gold Corporation (TSXV:HDG, OTCQX:HDGCF) has completed an update of the inferred resource estimate for the Jumbo Zone and an initial inferred resource estimate for the Grey Eagle Zone at the Gold Springs gold-silver project.

High Desert Gold Corporation (TSXV:HDG, OTCQX:HDGCF) has completed an update of the inferred resource estimate for the Jumbo Zone and an initial inferred resource estimate for the Grey Eagle Zone at the Gold Springs gold-silver project.

As quoted in the press release:

  • The newly defined inferred resource of 415,254 oz. AuEq* averaging 0.67 g/t AuEq is based on an AuEq cutoff of 0.3 g/t. If the cutoff is increased to 0.6 g/t AuEq then the resource grade increases to 1.06 g/t AuEq for a total of 253,119 oz. AuEq*. The gold-silver mineralization at both the Jumbo and Grey Eagle Zones remains open to expansion laterally and to depth as the drilling to date has typically only penetrated the top 150 metres vertically below the surface.
  • The mineralization typically projects to the surface. There is little or no cover in the majority of the resource area.
  • Metallurgy has shown average gold recoveries of 92% by cyanidation of 200 mesh material.

High Desert Gold’s President, Ralph Fitch, said:

We are very pleased with this updated resource estimate at Gold Springs which now includes the initial drilling at the Grey Eagle Zone and an updated resource at the Jumbo Zone. This resource of 415,254 oz. AuEq* is based on drilling in just a small portion of these two targets. There are 16 additional geologically similar targets with outcropping gold mineralization and many more buried targets defined by the ZTEM geophysical survey yet to be drilled.

To view the whole press release, click here.

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