VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/04/11 — High Desert Gold Corporation (TSX VENTURE: HDG)(PINK SHEETS: HDGCF) („HDG“ or the „Company“) is pleased to announce that the Company has identified two new areas of high-grade gold/silver and base metal mineralization, and a third area of skarn mineralization, at its wholly-owned San Antonio Project in Sonora, Mexico.
One of the new areas of mineralization which is located 2 km to the northeast of the recent drilling (see HDG PR11-09, May 11, 2011) is characterized by mineralization hosted along a low-angle contact between porphyritic rhyolite intrusive and calcareous sandstone. Samples 45174-45177 were collected from the intrusive contact and sample 45178 was collected from a favorable horizon within the sedimentary sequence. Sample results from this zone are as follow:
Ralph Fitch, President of the Company stated „These new areas of mineralization which have similar characteristics to the recently drilled and reported 10.6 metres @ 3.029 g/t gold, 22.3 g/t silver, 0.32% lead and 0.26% zinc greatly increase the potential of the property and demonstrate the wide spread occurrence of gold, silver and base-metal mineralization on the property“.
The ongoing program is designed to build on the knowledge gained through the recent drill program (see HDG PR11-09, May 11, 2011). This work has identified three areas of mineralization located 1 km to the north and another 2 km northeast of the recently completed drill program and a third area to the southeast. Mineralization consisting of gold, silver, lead, copper and zinc is hosted by favourable rocks within the sandstone and limestone units and in structures and along the contact between a porphyritic rhyolite intrusive and carbonate sequences. In all three areas HDG has discovered old workings which have exploited the mineralization over widths from 0.5 to 15 metres.
The second zone of mineralization is located approximately 1 km north of the recent drilling. This zone is represented by mineralization hosted within favorable rock units of calcareous shale and sandstone. As seen in the table below, this zone is characterized by strong lead and silver values.
The third area of interest which was generated by the recent field activities is located approximately 2.5 km southeast of the recent drilling and is represented by a garnet skarn with elevated metal values. While this area does not have as high grades as those outlined above, it is significant in that it may be an indication of extensive skarn or replacement mineralization associated with a quartz monzonite which is located in this area. Samples from this area have elevated values in bismuth, copper, iron, molybdenum, lead, tungsten and zinc which are all suggestive of an intrusive related mineralizing system.
With this recent work HDG has demonstrated that the precious and base metal system at San Antonio is much more extensive than the area which was drilled earlier this year and has the potential to host large, high-grade systems.
The Qualified Person on the San Antonio property is Randall Moore, Executive Vice President of Exploration of High Desert Gold Corporation and he has reviewed and approved the content of this press release. Assays were performed in Reno, Nevada by Inspectorate Laboratories, an ISO 9001:2000 Certified laboratory. Gold was analyzed by fire assay of a 30 gram sample with an AA finish. Gold was analyzed by the Au-AA23 method, with values greater than 1 gpt re-assayed using Au- GRA21. All other elements were analyzed by the ME-MS41 method.
There has been insufficient exploration to define a mineral resource at San Antonio and it is uncertain if further exploration will result in the targets at the project being delineated as a mineral resource.
ABOUT HIGH DESERT GOLD
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The major properties held by HDG are the Gold Springs gold project situated along the border between Utah and Nevada and the San Antonio project in Sonora, Mexico. The Company recently completed a drilling program at Gold Springs and has submitted samples for analysis to an assay lab and should be able to report results in the near future.
Cautionary Statement
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 „should“, „will“, „may“, „indication“, „suggestive“, „potential“, and similar expressions. These statements include, but are not limited to, statements regarding the mineralization at and continued advancement of the San Antonio project. In addition, information concerning the interpretation of drilling and survey results and of geology 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. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, the availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; changes in project parameters as plans continue to be refined and other risks more fully described in the Company-s Management Discussion & Analysis of Financial Position and Results of Operations filed and publicly available on SEDAR at . The material assumptions that were applied in making the forward looking statements in this MD&A include: execution of the Company-s existing plans or exploration programs for the San Antonio project, either of which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs; and the accuracy of current interpretation of drill and other exploration results. 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. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: High Desert Gold Corporation Richard Doran Executive Vice President (303) 584-0608 (303) 758-2063 (FAX)
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