$2.7 million budgeted for Nevada and Chilean properties.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 3, 1996--Ongoing exploration programs are to be expanded at the company's Golden Sage and Snowstorm gold properties, both in Nevada, and at the newly acquired Nuevo Ano and Enero copper-gold projects in Chile, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recommendations contained in recent independent engineering reports. Golden Sage Project - A 500,000 ounce gold resource occurs in the Main Zone, an elongated e·lon·gate tr. & intr.v. e·lon·gat·ed, e·lon·gat·ing, e·lon·gates To make or grow longer. adj. or elongated 1. Made longer; extended. 2. Having more length than width; slender. , flat, tabular tab·u·lar adj. 1. Having a plane surface; flat. 2. Organized as a table or list. 3. Calculated by means of a table. tabular resembling a table. body associated with range front faults. Recent drilling indicates that the Main Zone mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. extends further northward north·ward adv. & adj. Toward, to, or in the north. n. A northern direction, point, or region. north . Earlier drilling showed potential for high grade gold in steeply dipping feeder feeder abbreviation for self-feeders. Used in feeding groups of animals at intervals of several days. Feed has to be dry and comminuted so that it will run down the spouts from the hopper into the troughs. veins below the Main Zone. For example, hole BM68 intersected 20 feet of 0.33 ounces per ton across the Central Fault. New soil grid (Enzyme Leach) and geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. (Self Potential) results indicate overlapping anomalies, possibly attributable to a buried orebody in the flat, gravel covered valley 3,000 feet west of the Main Zone. The geologic setting of the West Zone is analogous to that at Amax Gold's 3 million ounce Sleeper Sleeper Stock in which there is little investor interest but that has significant potential to gain in price once its attractions are recognized. Antithesis of high flyer. Deposit, located 20 miles north. The drill program will be expanded to include the Sleeper-type gold target at the West Zone and high grade gold potential in structures associated with the Main Zone. Drilling is planned to commence in November, 1996. Snowstorm - Blue Desert acquired a 50% interest in 52 claims in the Snowstorm Mountains, strategically located 8 miles northwest of the 2.5 million ounce Rex Grande gold discovery of Franco/Euro-Nevada. The company will complete an initial prospecting program. Nuevo Ano - Blue Desert has an option for a 100% interest in a 6,900 acre exploration concession located 90 miles north of Santiago, Chile Santiago, officially Santiago de Chile (Spanish: (helpinfo)), is the capital of Chile, and the center of its largest conurbation (Greater Santiago). . Copper mineralization at the Chincolco Zone occurs over an area 4,000 feet long by 600 feet wide which has been strongly altered and leached. Within the zone are locally enriched outcrops grading between 1.6 and 14% copper. In the company's consulting engineer, Ralph Gonzales of Archean Ingenieria International Ltda., states that for a relatively small expenditure, there is a high probability of outlining a geologic resource at the Chincolco Zone and rapidly establishing drillable targets elsewhere on the property. A $1.2 million program is recommended. Blue Desert plans to commence drilling in early 1997. Enero - The Enero Exploration Concession is centered along the Pocura Fault, an important control of mineralization at the Chincolco Zone to the south and several large copper mines in the region. Several large alteration zones drained by stream sediments anomalous in copper and gold are present on the Enero Property. High grade polymetallic quartz veins assaying up to 0.51 ounces per ton gold across three feet occur elsewhere on the property. Blue Desert will complete survey work at eight or more separate areas to define drill targets. Web site - interested parties can obtain detailed information regarding Blue Desert Mining Inc. by visiting the company's new home page at http://www.bluedesert.com. On behalf of the board, Brian D. Fairbank Note: The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the information contained herein. CONTACT: Blue Desert Mining Brian D. Fairbank, 604/688-1553 |
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