High River Gold Encounters Additional Positive Intercepts From Its Bissa Gold Project In Burkina Faso.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- 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 assay results from an additional 14 drill holes and 14 trenches at Bissa Southwest, the Bissa Hill deposit south extension and the Bissa-Gonglou corridor of the Company's 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 . The results reported today, from its nearly completed 33,500 metres drilling programme, confirm the potential for outlining a significant gold resource sufficient to support a mining operation.
Highlights include:
- High-grade gold mineralization intersected at the Bissa Hill
deposit south extension with three significant zones in one
hole:
39.4 g/t over 10 m
5.5 g/t over 11.5 m
12.2 g/t over 27.1 m
- Mineralized Zones 2 and 3 of Bissa Southwest extended down-dip and
down-plunge:
10.6 g/t over 7 m in Zone 2
11.7 g/t over 5.4 m in Zone 2
5.9 g/t over 10.1 m in Zone 2
16.3 g/t over 8 m in Zone 3
- Gold mineralization extended to near surface at Zone 51 of the
Bissa-Gonglou corridor with significant trenching results of:
1.5 g/t over 14.1 m
2.1 g/t over 10.8 m
5.0 g/t over 9.6 m
Bissa Hill Deposit South Extension High River completed two additional core holes (337 m) and two trenches (155.8 m) on the southwestern zone of the Bissa Hill deposit south extension. The known high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. zone was further extended down-dip with core hole ZK05-054, drilled behind RC ZBR-189 (20 m grading 17.0 g/t gold from 82 m) on section 8740E, which returned three significant gold intersections: 39.4 g/t over 10 m from 53 m, 5.5 g/t over 11.5 m from 76 m, and 12.2 g/t over 27.1 m from 93.1 m. The three intersections include very high gold grade intervals ranging from 40.9 g/t to 276.5 g/t as shown in the highlights table. The results also suggest the presence of two new potentially significant gold zones to the north of the target zone. Follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral on these zones is planned for January. The Bissa Hill deposit south extension is the southwest continuation of the Bissa Hill deposit, which currently contains a measured and indicated resource of approximately 150,000 ounces of gold (81,980 oz in the measured category and 65,270 oz in the indicated category); the 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. in the south extension zone is hosted in a mafic maf·ic adj. Containing or relating to a group of dark-colored minerals, composed chiefly of magnesium and iron, that occur in igneous rocks. schist schist (shĭst), metamorphic rock having a foliated, or plated, structure called schistosity in which the component flaky minerals are visible to the naked eye. unit, which forms 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. of the Bissa Hill deposit. Since mid-September, High River completed 12 trenches (877 m), 19 RC holes (2,220 m) and two core holes (337 m) on this zone that has a strike length of approximately 1.5 km. Refer to the Company's announcements on November 23, 2005 and December 1, 2005 for more details.
Bissa Hill Deposit South Extension
---------------------------------------------------------------------
Hole No. From (m) To (m) Interval (m) Gold (g/t)
---------------------------------------------------------------------
DDH ZK05-054 53.0 63.0 10.0 39.38
-----------------------------------------------------
Including 58.0 59.0 1.0 15.10
-----------------------------------------------------
Including 59.0 59.9 0.9 143.27
-----------------------------------------------------
Including 59.9 60.5 0.6 80.93
-----------------------------------------------------
Including 60.5 61.2 0.7 276.50
-----------------------------------------------------
76.0 87.5 11.5 5.48
-----------------------------------------------------
Including 83.0 84.0 1.0 19.67
-----------------------------------------------------
Including 84.0 84.6 0.6 40.90
-----------------------------------------------------
93.1 120.2 27.1 12.23
-----------------------------------------------------
Including 94.3 95.2 0.9 17.21
-----------------------------------------------------
Including 95.2 96.0 0.8 11.20
-----------------------------------------------------
Including 96.0 97.4 1.4 27.80
-----------------------------------------------------
Including 99.0 100.5 1.5 163.12
---------------------------------------------------------------------
DDH ZK05-055 No significant results
---------------------------------------------------------------------
Trench 8657E No significant results
---------------------------------------------------------------------
Trench 8677E No significant results
---------------------------------------------------------------------
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 Assay results from a further nine core holes (1,618 m) and two trenches (145 m) returned encouraging intersections over significant widths at Bissa Southwest, located 700 metres southwest of the Bissa Hill deposit. At Zone 2, core hole ZK05-050, testing the down-dip extension of a previously reported 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 12 m grading 6.0 g/t (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 ZK05-036) on section 9180E, returned 8.4 g/t over 3.7 m from 104 m and 11.7 g/t over 5.4 m from 111.9 m. Core holes ZK05-048 and 049 on section 9220N drilled down-dip from the previously reported intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. of 2.5 g/t over 11.8 m (DDH ZK05-041) returned 5.9 g/t over 10.1 m from 124.9 m and 10.6 g/t over 7 m from 136 m, respectively. Core hole ZK05-057 drilled down-dip from DDH ZK05-035 returned 3.6 g/t over 8.2 m from 150 m, confirming continuity of the 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. At Zone 3 on section 9260N, core hole ZK05-052 returned 1.9 g/t over 7.9 m from 114.1m and core hole ZK05-053 cut 16.3 g/t over 8 m from 81 m, 2.9 g/t over 7.2 m from 102.8 m and 2.8 g/t over 7 m from 113 m. Core hole ZK05-051 drilled on new fence 9306E cut a series of significant gold intersections with 9.33 g/t over 2 m from 99 m, 5.1 g/t over 4.3 m from 105.9 m, and a 47 m interval grading 1.3 g/t from 144 m along the hole. Follow up drilling and trenching will continue in January. At Zone 4, results from DDH ZK05-061, drilled down-dip from a previous intercept of 51 m grading 1.0 g/t (RC ZBR-139) on section 9220N, confirmed continuity of the gold mineralization with an interval of 64 m grading 0.9 g/t from 22 m, and additional gold intersections of 1.1 g/t over 11 m from 99 m and 2.0 g/t over 13.6 m from 172 m. Trench trench: see ocean. TR-9057E(N) cut a 25 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, zone averaging approximately 1 g/t. Thus far, drilling results from Bissa Southwest Zone 4 have given less than 1 g/t values over wide intervals, which could potentially provide feed for a low cost heap leach leach v. leached, leach·ing, leach·es v.tr. 1. To remove soluble or other constituents from by the action of a percolating liquid. 2. operation.
Bissa Southwest Highlights
---------------------------------------------------------------------
Hole No. From (m) To (m) Interval (m) Gold (g/t)
---------------------------------------------------------------------
Zone 2 DDH ZK05-048 109.0 112.0 3.0 3.68
------------------------------------------------------------
124.9 135.0 10.1 5.89
--------------------------------------------
Including 126.0 126.4 0.4 28.60
--------------------------------------------
Including 127.0 128.0 1.0 10.00
--------------------------------------------
Including 129.15 130.2 1.05 22.30
------------------------------------------------------------
DDH ZK05-049 136.0 143.0 7.0 10.64
--------------------------------------------
Including 138.0 139.2 1.2 30.40
--------------------------------------------
Including 141.0 142.0 1.0 10.50
--------------------------------------------
Including 142.0 142.7 0.7 14.20
------------------------------------------------------------
DDH ZK05-050 104.0 107.7 3.7 8.38
--------------------------------------------
Including 104.45 105.0 0.55 18.80
--------------------------------------------
Including 106.0 106.4 0.4 13.50
--------------------------------------------
Including 107.0 107.7 0.7 19.60
--------------------------------------------
111.9 117.3 5.4 11.71
--------------------------------------------
Including 111.9 113.0 1.1 26.60
--------------------------------------------
Including 113.0 114.1 1.1 17.23
------------------------------------------------------------
DDH ZK05-056 No significant
results
------------------------------------------------------------
DDH ZK05-057 150.0 158.2 8.2 3.56
--------------------------------------------
Including 153.0 154.0 1.0 14.52
---------------------------------------------------------------------
Zone 3 DDH ZK05-051 99.0 101.0 2.0 9.33
--------------------------------------------
Including 99.0 100.0 1.0 18.05
--------------------------------------------
105.9 110.2 4.3 5.15
--------------------------------------------
Including 106.5 107.35 0.85 11.20
--------------------------------------------
Including 109.7 110.2 0.5 20.60
--------------------------------------------
144.0 191.0 47.0 1.30
--------------------------------------------
Including 144.0 152.0 8.0 1.76
--------------------------------------------
Including 156.0 166.0 10.0 1.64
--------------------------------------------
Including 171.0 191.0 20.0 1.13
------------------------------------------------------------
DDH ZK05-052 114.1 122.0 7.9 1.87
------------------------------------------------------------
DDH ZK05-053 81.0 89.0 8.0 16.33
--------------------------------------------
Including 82.0 83.0 1.0 12.47
--------------------------------------------
Including 83.0 84.0 1.0 60.80
--------------------------------------------
Including 84.0 85.0 1.0 30.09
--------------------------------------------
Including 88.0 89.0 1.0 22.90
--------------------------------------------
102.8 110.0 7.2 2.92
--------------------------------------------
113.0 120.0 7.0 2.84
---------------------------------------------------------------------
Zone 4 DDH ZK05-061 22.0 86.0 64.0 0.94
--------------------------------------------
Including 22.0 41.0 19.0 0.85
--------------------------------------------
Including 44.0 69.0 25.0 1.01
--------------------------------------------
Including 72.5 86.0 13.5 1.25
--------------------------------------------
99.0 110.0 11.0 1.06
--------------------------------------------
172.0 185.55 13.55 1.96
------------------------------------------------------------
Trench 9057E(N) 52.0 61.0 9.0 1.44
--------------------------------------------
64.0 77.0 13.0 0.91
------------------------------------------------------------
Trench 9217E(N) No significant
results
---------------------------------------------------------------------
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.
To date, High River has completed 20 core holes (3,489 m), 20 RC holes (2,338 m) and five trenches (285 m) at Bissa Southwest. High River has defined five 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. Geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. interpretation of the data indicates that gold mineralization is localized Translated into the spoken language of the country. See localization. at the hinge hinge n. A jointed or flexible device that allows the turning or pivoting of a part, such as a door or lid, on a stationary frame. hinge see hinge joint. zones of parasitic par·a·sit·ic or par·a·sit·i·cal adj. 1. Of, relating to, or characteristic of a parasite. 2. Caused by a parasite. Parasitic Of, or relating to a parasite. folds (Zones 0 to 4) forming a moderately northeasterly plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: syncline. All five subparallel zones remain open down-plunge to the northeast and have been drilled to depths ranging from 34 metres at Zone 0 to depths of 140 metres at Zone 2. Gold mineralization occurs primarily in altered, pyrite-bearing argillites and occasionally siltstones, and in the underlying massive sandstones with zones of grey cryptocrystalline cryp·to·crys·tal·line adj. Having a microscopic crystalline structure. cryptocrystalline Having a microscopic crystalline structure, as the mineral chalcedony does. quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. veining vein·ing n. Distribution or arrangement of veins or veinlike markings. and strong silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. . Oxidation oxidation /ox·i·da·tion/ (ok?si-da´shun) the act of oxidizing or state of being oxidized.ox·idative ox·i·da·tion n. 1. The combination of a substance with oxygen. 2. occurs to depths between 50 and 75 metres. Drilling and trenching will continue in January on the best zones. Bissa-Gonglou Corridor High River received assays from an additional three core holes (418 m) and eight trenches (1,025 m) on Zone 51 of the Bissa-Gonglou corridor, located immediately southwest of Bissa Southwest and the Bissa Hill deposit south extension. Zone 51 contains a series of subparallel gold zones hosted by mafic schists. Gold occurs with quartz veins and associated alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. (silica silica or silicon dioxide, chemical compound, SiO2. It is insoluble in water, slightly soluble in alkalies, and soluble in dilute hydrofluoric acid. Pure silica is colorless to white. , iron carbonate carbonate (kär`bənāt', –nət), chemical compound containing the carbonate radical or ion, CO3−2. Most familiar carbonates are salts that are formed by reacting an inorganic base (e.g. and pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. with enveloping en·vel·op tr.v. en·vel·oped, en·vel·op·ing, en·vel·ops 1. To enclose or encase completely with or as if with a covering: "Accompanying the darkness, a stillness envelops the city" sericitization) in strong deformation deformation /de·for·ma·tion/ (de?for-ma´shun) 1. in dysmorphology, a type of structural defect characterized by the abnormal form or position of a body part, caused by a nondisruptive mechanical force. 2. zones. The dips of the gold zones are subvertical to north and locally south. Previously announced results on the western portion of Zone 51, located 330 metres east of the Gonglou artisanal mining site, had indicated the presence of at least two, and possibly four, subparallel zones extending over a strike length of 220 metres. One of two core holes drilled successfully extended the gold mineralization down-dip on section 6300E. Core hole ZK05-059 returned 1.4 g/t over 7 m from 61 m and 15.2 g/t over 1.45 m from 84.6 m, confirming continuity at depth. Other significant results are from the trenches excavated on the eastern portion of Zone 51: TR-7097E intersected 1.82 g/t over 6.6 m and 1.47 g/t over 14.1 m; TR-7177E(N) encountered 2.1 g/t over 10.8 m; TR-7337E intersected 5.0 g/t over 9.6 m and 1.82 g/t over 6.4 m; and TR-7497E cut 3.2 g/t over 8.9 m and 2.4 g/t over 5.6 m. To date, High River has completed 10 core holes (1,434 m), 66 RC holes (7,742 m) and 11 trenches (1,163 m) at Zone 51.
Bissa-Gonglou Corridor Highlights
---------------------------------------------------------------------
Hole No. From (m) To (m) Interval (m) Gold (g/t)
---------------------------------------------------------------------
Zone 51 (west) DDH ZK05-059 61.0 68.0 7.0 1.44
----------------------------------------
84.55 86.0 1.45 15.23
----------------------------------------
Including 84.55 85.0 0.45 26.40
----------------------------------------
Including 85.0 86.0 1.0 10.20
--------------------------------------------------------
DDH ZK05-060 No
significant
results
---------------------------------------------------------------------
Zone 51 (east) DDH ZK05-058 No
significant
results
--------------------------------------------------------
Trench 7097E 18.4 25.0 6.6 1.82
----------------------------------------
116.0 130.1 14.1 1.47
--------------------------------------------------------
Trench 7177E(S) 28.6 36.0 7.4 1.76
--------------------------------------------------------
Trench 7177E(N) 31.0 41.8 10.8 2.12
--------------------------------------------------------
Trench 7257E No
significant
results
--------------------------------------------------------
Trench 7337E 11.7 21.3 9.6 4.97
----------------------------------------
99.1 105.5 6.4 1.82
--------------------------------------------------------
Trench 7417E 0.2 5.1 4.9 2.90
--------------------------------------------------------
Trench 7497E 27.0 35.9 8.9 3.18
----------------------------------------
Including 28.0 29.0 1.0 12.36
----------------------------------------
40.8 46.4 5.6 2.35
----------------------------------------
45.6 46.4 0.8 11.07
--------------------------------------------------------
Trench 7577E No
significant
results
--------------------------------------------------------
Trench 8137E No
significant
results
--------------------------------------------------------
Trench 8217E 21.0 24.0 3.0 3.51
----------------------------------------
62.6 64.6 2.0 9.82
----------------------------------------
Including 62.6 63.7 1.1 12.20
---------------------------------------------------------------------
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
50-70% of the drilled length for Zone 51.
Bouly and Liliga Targets High River is advancing preliminary work on two of the five high priority areas, defined in the compilation Compiling a program. See compiler. work completed in early November 2005, with a drilling programme planned to start in the first quarter of 2006. At Bouly and Liliga, both located within 10 km of the Bissa Project, geological mapping at 1:5,000 is near completion, soil sampling on a 100 m by 100 m grid and rock chip sampling have been completed. Assays are pending. Both targets were previously investigated by the Sanmatenga Joint Venture, which was carried out by Randgold Resources Ltd. from 1993 to 2001 (refer to press release November 10, 2005 for more details). 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. In mid-September, High River started an exploration programme consisting of 10,500 metres core (DDH), 17,000 metres reverse circulation (RC), and 6,000 metres rotary Rotary can refer to:
ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. gold resource amenable AMENABLE. Responsible; subject to answer in a court of justice liable to punishment. to open pit mining. 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. 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 Dilution A reduction in earnings per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities. Notes: Adding to the number of shares outstanding reduces the value of holdings of existing shareholders. 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. Annual gold production from Taparko-Bouroum is planned at 100,000 ounces in year one increasing to over 140,000 ounces in the third year of operation, with annual production from Berezitovy of 100,000 ounces. Upon successful commissioning of these two development projects, together with gold production from High River's 84%-owned Russian Russian associated in some way with Russia. Russian blue a breed of cats with short, dense, silver-tipped blue-colored coat and vivid green eyes. subsidiary, OJSC OJSC Open Joint Stock Company Buryatzoloto, High River's attributable annual gold production is expected to exceed 300,000 ounces by 2007, establishing the Company as a mid-tier gold producer. FORWARD LOOKING STATEMENTS 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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