Bullion River Gold Corp. Starts Feasibility Study for its French Gulch Mine.RENO, Nev. -- Bullion River Gold Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLRV)(FWB (Fixed Wireless Broadband) See fixed wireless. :BVM BVM abbr. Blessed Virgin Mary ) has started its Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. for its French Gulch mine. While drilling continues from surface and underground, Bullion River has started with an environmental Phase 1 study by the independent consulting firm Enviroscientists, Inc. Furthermore, metallurgical studies and milling engineering have been commenced by SRK SRK Shah Rukh Khan (Indian actor) SRK Shoryuken (fighting games) SRK Soave-Redlich-Kwong (thermodynamic model) SRK Syk-Related Tyrosine Kinase Engineering. Capital costs and operational costs have been calculated internally and will be adjusted and audited, once drilling results have been analyzed and independently audited. Bullion River's President Peter M. Kuhn states: "Since the mine is fully permitted for production and the nature of the existing high grade vein systems is very consistent, we are taking a calculated risk in starting these parts of our Feasibility Study at this time in order to be in a position to make our final production decision as early as April 2005. Our work so far has constantly increased our confidence level in the unique opportunities presented by this mine. The very high grade nature of the vein systems with an average grade of over one ounce per ton will of course facilitate the economics of the study. The challenge right now is to add tons to the grades." He continues: "The relatively short distance of only about 900 ft to the first stope stope n. An excavation in the form of steps made by the mining of ore from steeply inclined or vertical veins. tr.v. stoped, stop·ing, stopes To remove (ore) from or mine by means of a stope. of the Lucky Seven vein and the existing milling facilities should require only a three to four months construction and preproduction pre·pro·duc·tion adj. 1. Taking place or existing before production: preproduction planning. 2. development phase. This should lead to production this summer." The French Gulch (formerly Washington Niagara) mine produced last in 2002 on a small scale and the extent of its multiple high grade vein systems has never been explored. Bullion River has started a significant step out drill program based on its own surface reconnaissance work, as well as definition drilling from underground in order to delineate ore. About Bullion River Gold Corp. Bullion River Gold Corp. is an American based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Southwest United States. The company presently has a total of seven properties of which five are located in Nevada. Three of these properties are considered advanced projects and two are considered grassroots projects. The two remaining properties are in California. Both of these properties are past producers. Approved by the Board of Directors: BULLION RIVER GOLD CORP. PETER M. KUHN, President For more information, contact Brad Long, Investor Relations Investor relations The process by which the corporation communicates with its investors. at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at brad@bullionriver.com or visit the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings. This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release. Bullion River Gold Corp. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :BLRV) (FRANKFURT:BVM) |
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