Further Positive Drill Results From High River Gold's Bissa Project Drilling Programme Now Completed.TORONTO -- High River Gold Mines Ltd. ("High River" or the "Company")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :HRG HRG Health Research Group HRG Hogg Robinson Group HRG Herausgeber (German: Editor) HRG Hurghada, Egypt (Airport Code) HRG Horn Rimmed Glasses (TV Show character, Heroes) ) is pleased to report additional results from its 31,500 metre drilling programme on the Bissa project in Burkina Faso Burkina Faso (burkē`nə fä`sō), republic (2005 est. pop. 13,925,000), 105,869 sq mi (274,200 sq km), W Africa. It borders on Mali in the west and north, on Niger in the northeast, on Benin in the southeast, and on Togo, Ghana, and . Assay results were received from 10 diamond drill holes and one trench trench: see ocean. completed at Bissa Southwest and Bissa Hill deposit south extension to extend the known gold 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. . Because of the success of this campaign, the Company has engaged SRK SRK Shah Rukh Khan (Indian actor) SRK Shoryuken (fighting games) SRK Soave-Redlich-Kwong (thermodynamic model) SRK Syk-Related Tyrosine Kinase Consulting Engineers and Scientists to conduct an independent resource estimate for the project, which is expected to be completed by the end of the first quarter of 2006. High River is very encouraged with the results at Bissa and is planning to start an aggressive drilling programme on high priority targets located within 10 to 15 kilometres of the Bissa project.
Highlights include:
- High-grade gold zone extended along strike at Bissa Hill deposit
south extension with three significant intersections in one hole:
35.2 g/t over 14 m
3.5 g/t over 15 m
4.0 g/t over 24.6 m
- Gold mineralization extended to near-surface and down-dip to
approximately 100 m vertical at Zone 3 of Bissa Southwest:
2.1 g/t over 20 m
6.9 g/t over 14.2 m
Bissa Hill Deposit South Extension High River drilled six step-out core holes (901.5 m) on the high-grade southwestern zone of the Bissa Hill deposit south extension. Of these holes, ZK06-63 (section 8780E) drilled 40 metres east of the last fence drilled, returned three significant gold intersections: 35.2 g/t over 14 m from 69 m, 3.5 g/t over 15 m from 89 m, and 4.0 g/t over 24.6 m from 107.5 m. Hole ZK06-62, drilled above ZK06-63, intersected the zone near the top of the plunge The term Plunge has multiple meanings:
The high-grade mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zone now extends for 300 metres along strike (between sections 8500E and 8800E) plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: 30 degrees to the northeast and remains open down-dip. Drill results have confirmed the continuity and high-grade nature of the zone to a vertical depth of 85 metres. To date, High River has completed 15 core holes (2,247 m), 19 RC holes (2,220 m) and 12 trenches (1,012 m) at the Bissa Hill deposit south extension. Prior to High River, Jilbey Gold Exploration Ltd. ("Jilbey") had drilled 16 core holes (2,058 m), 36 RC holes (3,589 m), and excavated one 1 trench (200 m).
Bissa Hill Deposit South Extension Highlights
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Hole No. From (m) To (m) Interval (m) Gold (g/t)
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DDH ZK06-062 90.75 105 14.25 1.10
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DDH ZK06-063 69.0 83.0 14.0 35.19
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Including 69.0 70.0 1.0 228.78
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Including 70.0 71.0 1.0 212.88
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Including 71.0 72.0 1.0 8.63
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Including 72.0 73.0 1.0 22.02
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Including 73.0 77.0 4.0 3.52
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Including 77.0 83.0 6.0 0.62
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89.0 104.0 15.0 3.48
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Including 94.5 95.0 0.5 22.60
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Including 96.0 97.0 1.0 17.80
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107.5 132.1 24.6 4.04
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Including 113.0 114.0 1.0 38.90
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Including 116.0 117.0 1.0 17.80
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Including 126.0 127.0 1.0 13.00
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DDH ZK06-064 No significant Assays
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DDH ZK06-065 No significant Assays
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DDH ZK06-066 137.6 147.0 9.4 2.15
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DDH ZK06-067 No significant Assays
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Note: Assays reported are uncut. All values above 10 g/t in the
composite are reported in the table. True width is estimated to be
60% of the drilled length.
Bissa Southwest The Bissa Southwest area, located immediately north of the Bissa Hill deposit south extension and 700 metres southwest of the Bissa Hill deposit is composed of four subparallel gold zones hosted primarily by the argillaceous ar·gil·la·ceous adj. Containing, made of, or resembling clay; clayey. [From Latin argill sediments of an easterly plunging syncline. Four diamond drill holes (495.5 m) tested the up-dip and down-dip projections of Zone 3 (3 holes) and Zone 4. Zone 3 was tested on section 9306E with hole ZK06-69, which returned 2.1 g/t over 20 m from 115 m, extending the zone approximately 35 metres up-dip from ZK05-51, which had returned 1.3 g/t over 47 m, in addition to 9.3 g/t over 2 m and 5.1 g/t over 4.3 m. Hole ZK06-71 located on section 9260E, 46 metres west of ZK06-69, intersected 6.9 g/t over 14.2 m from 142 m, extending the zone 30 metres down-dip from hole ZK05-53, which had returned 2.9 g/t over 7.2 m from 102.8 m and 2.8 g/t over 7 m from 113 m. Hole ZK06-70, drilled on the same section, defined the up-dip extent of the zone returning just over 1.0 g/t over widths of 1 to 3.4 m. Trench ZKTR-9217E returned an intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 2.6 g/t over 9.4 m, successfully confirming a 35 metre up-dip extension of the mineralization intersected in RC ZBR-126, which had returned 2.6 g/t over 16 m. Zone 3 remains open along strike to the east and down-plunge. To date, High River has completed 26 core holes (4,367 m), 20 RC holes (2,338 m) and 5 trenches (285 m) at Bissa Southwest and has defined four subparallel gold zones, 100 to 150 metres apart, trending northeasterly north·east·er·ly adj. 1. Situated toward the northeast. 2. Coming or being from the northeast. north·east and dipping 30 to 40 degrees to the northwest. The previous campaign by Jilbey included 10 core holes (1,197 m), 28 RC holes (2,750 m), and two trenches (1,060 m). On Zone 4, core hole ZK06-68 (section 9300E) did not intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. the targeted argillite ar·gil·lite n. A metamorphic rock, intermediate between shale and slate, that does not possess true slaty cleavage. [Latin argilla, argil; see argil + -ite1. unit and returned low-grade values in the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. sandstone sandstone, sedimentary rock formed by the cementing together of grains of sand. The usual cementing material in sandstone is calcium carbonate, iron oxides, or silica, and the hardness of sandstone varies according to the character of the cementing material; quartz .
Bissa Southwest Highlights
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Hole No. From (m) To (m) Interval (m) Gold (g/t)
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Zone 3 DDH ZK06-069 108.0 110.6 2.6 4.13
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115.0 135.0 20.0 2.14
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Including 117.5 118.2 0.7 14.60
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DDH ZK06-070 No significant
Assays
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DDH ZK06-071 142.0 156.25 14.25 6.95
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Including 143.95 145.0 1.05 15.10
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Including 145.0 146.0 1.0 25.00
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Including 150.0 152.0 2.0 10.65
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Including 155.9 156.25 0.35 17.90
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Trench
ZKTR-9217E 30.5 32.7 2.2 5.07
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80.7 90.1 9.4 2.61
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Zone 4 DDH ZK06-068 No significant
Assays
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Note: Assays reported are uncut. All values above 10 g/t in the
composite are reported in the table. True width is estimated to be
90-100% of the drilled length.
High River has now completed a total of 31,311 metres of drilling consisting of 8,561 metres of core (DDH DDH Decision Diffie-Hellman DDH Developmental Dysplasia of Hip DDH Dorothy Day House DDH Document Drafting Handbook DDH Dublin Dental Hospital DDH Destroyer-Carrying Helicopter DDH Dissociated Double Hypertropia ), 17,043 metres of reverse circulation (RC), and 5,707 metres of rotary Rotary can refer to:
By combining the Bissa Hill deposit and its southern extension, Bissa Southwest and part of the Bissa-Gonglou corridor, High River anticipates achieving its initial goal of defining a one million ounce gold resource. All zones lie within a 5.5 kilometre strike length on the Sabce shear shear: see strength of materials. Shear A straining action wherein applied forces produce a sliding or skewing type of deformation. zone, which has been traced for over 30 kilometres. Five other promising gold target areas that are within 10 to 15 kilometres of the Bissa project have yet to be tested by High River, and offer the potential to host a similar size resource. Complete tables of results, surface and longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. plans and cross-sections for the Bissa Project are posted on the Company's website www.hrg.ca/Projects/Exploration/Bissa Group Permits or on the home page under Qwik Access. Bouly, Liliga and Gougre Targets Three high priority gold occurrences in the Bissa area are being rapidly advanced to the drill target stage. High River completed geological mapping, soil sampling on a 100 m by 100 m grid, and rock chip sampling at both Bouly and Liliga, located approximately 10 kilometres from the Bissa Hill deposit. Results are being compiled along with past exploration work that included airborne geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. and limited drilling. At Gougre, approximately 13 kilometres from the Bissa Hill deposit, similar work is being carried out; results of the detailed soil sampling are pending. Previous work completed by Randgold Resources Ltd. and its joint venture partners is detailed in High River Gold's press release dated November 10, 2005. Quality Control Programme The Quality Control Protocol ("QC") in place has been designed to meet or exceed the requirements of NI 43-101 of the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. . This QC programme includes the use of certified See certification. standard reference samples, coarse field blank material and duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. assaying. Driffield Cameron, Vice President Exploration, is the Qualified Person for High River Gold Mines Ltd supervising the Bissa Project. Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. work is carried out at the independent Abilab Laboratories Ltd. in Bamako, Mali. A 0.5 g/t cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grade was used for the calculation of composite intervals. The maximum distance of dilution of assay results of less than the cut-off grade included within a composite interval is 2.5 metres. About High River High River is currently constructing two open pit gold mines, the Taparko-Bouroum project in Burkina Faso and the Berezitovy project in Russia. Upon successful commissioning of these two development projects, together with gold production from High River's 85%-owned Russian subsidiary, OJSC OJSC Open Joint Stock Company Buryatzoloto, High River's annual gold production rate is expected to exceed 300,000 ounces by 2007, establishing the Company as a mid-tier gold producer. FORWARD LOOKING STATEMENT This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on current expectations. These forward-looking statements entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary various risks and uncertainties that could cause actual results to differ materially from those reflected. Risk and uncertainties about the Company's business are more fully discussed in the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial published in the Company's Annual Report and in the Annual Information Form. High River Gold Mines Ltd. (TSX:HRG) |
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