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High Desert Gold Reports Final Results from Trenching at the Grey Eagle Target at Gold Springs: 56 Metre Trench Averages 1.5 g/t Gold Eq
Published : November 07, 2012
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Keywords :   Copper | G Mexico | Gold | Market | Mexico | Silver | Utah |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) - High Desert Gold Corporation ("HDG" or the "Company") (News - Market indicators)(OTCQX:HDGCF) announces final results from trenching at the Grey Eagle target at the Gold Springs project along the Nevada-Utah border.

Highlights from the trench:
Entire 56 metres average 1.5 g/t Gold Eq
Latest results from east end of trench:
14 metres averaging 2.2 g/t Gold Eq
4.6 metres averaging 3.7 g/t Gold Eq

The trench is located approximately 20 metres to the north of previously reported drill holes, GE 12-001 and GE 12-002 (see HDG PR 12-14, August 16, 2012) which included intervals of plus 6 g/t gold. The overall average for the full mineralized interval from these two holes combined, assuming a north-south vertical body, was 41 metres averaging 1.6 g/t gold which is similar to the trench results. The trench ended in high grade mineralization of 3.3 g/t gold on the west end where it was cut off by a fault and also ends in mineralization on the east end as demonstrated by the latest results reported here. The final results are shown below:

Trenching Results:

Grey Eagle Target Length
Trench 20 metres north of GE 12-002 56.4 1.4 10.1 1.54
New data - East end of trench 13.7 1.9 18.0 2.21
Including: 4.6 3.3 23.8 3.72
Highest Value in trench 1.5 6.2 20.1 6.58

(The true width of these intercepts is not known).

*Gold equivalent (AuEq) calculations reflect gross metal content using metal prices of $1,600/oz gold (Au), and $28/oz silver (Ag), and have not been adjusted for metallurgical recoveries.

Ralph Fitch, President and CEO, stated "These trench results are important because they demonstrate that excellent grade mineralization at the Grey Eagle target starts at the surface. This is an important advantage as compared to other projects where mineralization starts at a significant depth below many metres of overburden. Similar veins can also be seen in a tunnel, recently opened by the Company, which extends under the trench some 20 metres vertically below the trench."

Results from the next set of drill holes at Grey Eagle are expected to be released over the next several weeks. All samples from drill holes GE-12-006, GE-12-008 through GE-12-011, and portions of GE-12-012 and GE-12-013 have been delivered to the laboratory for assaying. The Company is planning to complete an additional 5 holes on the Grey Eagle target as well as additional holes on the Jumbo Zone located on the Utah side of the Gold Springs project.

Gold Springs is a 70/30 Joint Venture with Pilot Gold Inc. in which HDG holds a 70% interest and is the operator of the Joint Venture.

Detailed maps of the target areas in both Utah and Nevada and the most recent Grey Eagle maps can be found on the Company's website at

The Gold Springs Phase 2 drill program is designed to explore the Grey Eagle area and to drill potential extensions to the previously issued inferred resource of 9.4 million tonnes grading 0.57 g/t gold and 12.9 g/t silver for a total of 173,000 oz. of gold and 3.88 M oz. of silver. This equates to 233,000 ounces AuEq** grading 0.77 g/t (see HDG PR11-18, December 22, 2011). 

** Gold equivalent (AuEq) calculations reflect gross metal content using metal prices of $1,020.00/oz gold (Au), and $15.80/oz silver (Ag), and have not been adjusted for metallurgical recoveries. This Gold Equivalent calculation was used when reporting the initial resource at Gold Springs that was reported in December 2011.

The Qualified Person on the Gold Springs 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. Field collection procedures were verified and Sample Tags checked against footage drilled. Standard samples with known assays were submitted with each batch of samples submitted to the laboratory as a check on laboratory accuracy.

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. All other elements were analyzed by the ICP-AES 30 element method with 4 acid digestion. The chip samples were collected every 2 to 5 feet and the average weight of each chip sample submitted to the laboratory was approximately 7 kg. An RC sample was collected every 5 feet of hole and the approximate average weight of each RC drill sample was 6.5 kg.


The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The principal property held by HDG is a 70% interest in the Gold Springs gold project situated along the border between Utah and Nevada. The Company also holds direct interests in a number of other properties including the San Antonio project in Sonora, Mexico, the Gold Lake property in New Mexico, and the Kinkaid and Pinyon properties in Nevada. The Company also has a 34.2% interest in the Canasta Dorada property in Sonora, Mexico, through its equity interest in Highvista Gold Inc. There has been insufficient exploration to define a property-wide mineral resource at Gold Springs and it is uncertain if further exploration will result in the additional targets at Gold Springs being delineated as a mineral resource.

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 "target", "next", "expected", "explore", "potential", "will", and similar expressions. These statements include, but are not limited to, statements regarding the continued advancement of the Gold Springs property. In addition, information concerning the interpretation of trenching and drilling results 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. 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. 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, unexpected geologic formations, the timing for the return of assay results, 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, which is available on SEDAR at The material assumptions that were applied in developing the forward-looking statements include: the timely receipt of assay results; the availability of equipment and qualified personnel, and the timely receipt of permits, to advance the Gold Springs project; and the execution of the Company's existing plans and further exploration and development programs for Gold Springs, 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. 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. Unless otherwise indicated, forward-looking statements in this release describe the Company's expectations as of November 6, 2012.

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.

High Desert Gold Corporation
Richard Doran
Executive Vice President
(303) 584-0608
(303) 758-2063 (FAX)
Companies Mentionned : High Desert Gold | Reliance | Total |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

High Desert Gold Corp.

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High Desert Gold is an exploration gold company based in Canada.

High Desert Gold holds various exploration projects in Mexico.


High Desert Gold is listed in Canada. Its market capitalisation is CA$ 6.3 millions as of today (US$ 5.9 millions, € 4.3 millions).

Its stock quote reached its highest recent level on August 17, 2012 at CA$ 0.35, and its lowest recent point on August 17, 2012 at CA$ 0.11.

High Desert Gold has 78 285 000 shares outstanding.

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Annual reports of High Desert Gold Corp.
2010 Annual Report MD&A
2010 Annual report
2009 Annual Report
2008 Annual Report
Option Grants of High Desert Gold Corp.
7/25/2013Engages New Investor Relations Consultant
3/30/2012Renews agreement with IR Consultants and grants new incentiv...
4/29/2011Grants Incentive Stock Options
Nominations of High Desert Gold Corp.
2/21/2013Announces Appointment of New Director
Financials of High Desert Gold Corp.
4/26/2013Files Fiscal 2012 Annual Financial Statements
11/27/2012Files Third Quarter 2012 Financial Statements
8/31/2012Q2 2012 MD&A
8/31/2012Q2 2012 Financial Statement
8/31/2012Second Quarter 2012 Financial Statements
11/23/20112011 Q3 financial report
8/23/20112011 Q2 MD&A
8/23/20112011 Q2 consolidated financial statement
8/23/20112011 Q2 financial report
4/28/2011Files Fiscal 2010 Annual Financial Statements
3/31/2011Q1 2011 Financial Report
Project news of High Desert Gold Corp.
4/16/2013(Gold Springs)Announces: Drilling to Start at Gold Springs and 2013 Explor...
3/28/2013(Gold Springs)Reports an Updated Resource Estimate for Gold Springs
1/28/2013(Gold Springs)Reports Bottle Roll, Metallurgical Tests on Drill Cuttings f...
12/28/2012South American Silver Acquires Interest in High Desert Gold ...
10/24/2012(Gold Springs)Reports Results from the Grey Eagle Target at Gold Springs, ...
10/4/2012(Gold Springs)Initiates Second Phase of Drilling at the Gold Springs Proje...
10/4/2012(Gold Springs)Initiates Second Phase of Drilling at the Gold Springs Proje...
8/31/2012(Gold Springs)Intersects 21.4 Metres Grading 5.6 g/t Gold and 32.4 g/t Sil...
5/2/2012(Gold Springs)Drilling in progress at Gold Spings
4/5/2012(Gold Springs)Drilling to start mid-april at Gold Springs
3/19/2012(Gold Springs)Announces the approval from the Nevada BLM for drill plans a...
2/7/2012(Gold Springs)Technical Report confirming Resource Estimate for the Jumbo ...
1/18/2012(Gold Springs)Doscovery of a second major gold target at Gold Springs
12/22/2011(Gold Springs)Resource estimate for the Jumbo Zone at Gold Springs
11/25/2011(Gold Springs)Update on activities at the Gold Spring Project
8/16/2011(Gold Springs)Reports Strong Results From Initial Drilling at Gold Springs
8/4/2011(San Antonio Property)Discovers new areas of gold/silver on its San Antonio Projec...
5/15/2011(San Antonio Property)Reports Drilling Results at San Antonio Gold Project, Sonora...
4/26/2011(Artillery Peak Gold)Announces Positive Gold Results from Trenching Program at Ar...
4/26/2011(Gold Springs)Announces Positive Gold Results from Trenching Program at Ar...
4/13/2011(Gold Springs)Announces 2011 Exploration Program, Including Plans for the ...
8/20/2010(Gold Springs)Announces Strong Drill Results from its Gold Springs Project
Corporate news of High Desert Gold Corp.
10/22/2013South American Silver Corp. Enters into an Agreement to Acqu...
10/21/2013Enters into Agreement to be Acquired by Well-Financed South ...
9/10/2013(Gold Springs)Drills Its Best Hole in 2013 on the 100% Owned Gold Springs ...
8/2/2013(Gold Springs)Enters Into Agreement to Buy Pilot Gold's Interest in Gold S...
7/10/2013(Gold Springs)Reports Drilling Results from the Gold Springs Project at Gr...
4/8/2013Adopts Advance Notice By-Law
2/14/2013(Gold Springs)Plans Aggressive Exploration Program at Gold Springs in 2013...
12/28/2012Announces Completion of a Cdn$3.6 Million Financing
12/28/2012Announces Completion of a Cdn$3.6 Million Financing
12/17/2012(Gold Springs)Continues to Achieve Strong Drilling Results from the Gold S...
11/7/2012(Gold Springs)Reports Final Results from Trenching at the Grey Eagle Targe...
10/15/2012(Gold Springs)Reports Drilling and Trenching Progress at the Grey Eagle Ta...
8/31/2012(Gold Springs)Discovery of New Gold Zones and Increased Ownership on the G...
4/30/2012Files fiscal 2011 Annual Financial Statements
3/30/2012Renews agreement with IR Consultants and grants new incentiv...
2/22/2012Closes previously announced $4,7 million financing
2/15/2012Increases the size of its current financing to $4,7 millions
10/6/2011Closing of Qualifying Transaction by Highvista
2/24/2011Joins the OTCQX in the U.S.
4/21/2010Management’s Discussion and Analysis of Financial Position a...
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