Chart usGOLD   Chart usSILVER  
 
Food for thought
To know how to wait. It is the great secret to success
Joseph de Maistre  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1300.04-2.28
Silver 19.63-0.02
Platinum 1438.105.35
Palladium 801.753.00
WORLD MARKETS
DOWJONES 16413-11
NASDAQ 40959
NIKKEI 144180
ASX 544532
CAC 40 443226
DAX 940486
HUI 2220
XAU 910
CURRENCIES ($)
AUS $ 1.0709
CAN $ 1.0989
Euro 0.7231
GBP (£) 0.5950
Sw Fr 0.8814
YEN 102.2240
RATIOS & INDEXES
Gold / Silver66.23
Gold / Oil12.44
Dowjones / Gold12.62
COMMODITIES
Copper 3.040.01
WTI Oil 104.530.77
Nat. Gas 4.700.17
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
High Desert Gold Corporation Reports Bottle Roll, Metallurgical Tests on Drill Cuttings from the Gold Springs Project: Average Gold Metallurgical Recovery from 47 Samples is 92%
Published : January 28, 2013
( 0 vote, 0/5 ) Print article
     
Tweet

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2013) - High Desert Gold Corporation ("HDG" or the "Company") (News - Market indicators)(OTCQX:HDGCF) announces the results from the latest series of metallurgical tests designed to assess the recoverability of gold by bottle roll testing using cyanidation. These tests were also conducted to assess the possible variation of gold grades due to the presence of coarse gold, the so called "nugget effect". These tests were conducted on 47 samples collected from the RC chips from the 2012 drill program at the Grey Eagle and Jumbo targets and the trench at the Grey Eagle target at Gold Springs in Nevada and Utah. All samples had previously been analyzed by fire assay.

These metallurgical tests used a much larger sample size of 1 kilogram instead of the 30 gram sample size used for the previous fire assays on the original drill chips. The average metallurgical recovery for all gold samples tested was 92% (79%-98%) and the overall gold grades calculated from the metallurgical recoveries increased by an average of 15% over the original fire assays for values >0.2 g/t gold. Gold grades ranged from 0.043 gpt to 13.056 in the original results providing a broad range of values for the test work. Samples in this test came from drill holes GE-12-001, GE-12-002, J-12-004 and J-12-005 as well as the Grey Eagle trench.

Ralph Fitch, President and CEO stated that "This is important new information and compares well with our earlier metallurgical test from the Jumbo target (PR10-17, October 18, 2010) where the average recovery from 12 samples was 97% using a combination of gravity recovery and cyanidation. It is remarkable that we are discovering gold mineralization starting at surface at both the Grey Eagle and the Jumbo targets and that 90-95% of this gold mineralization is recoverable through cyanidation. The 10 samples from the Grey Eagle trench gave an average recovery of 95%. This trench averaged 1.54 g/t gold Eq over 56 metres (see HDG PR 12-20, Nov. 7, 2012). These high gold recoveries bode well for the economics of any future project. The significance of the larger one kilogram samples returning higher grades than the originally reported assays is that the reported fire assay grades are probably low due to "nugget effect". This being so we are looking into new assaying protocols that may be able to mitigate this issue going forward."

The one kilogram samples were ground to a powder (85% <200 mesh) then subjected to cyanidation for 72 hours, with gold assays taken at 24, 48 and 72 hours. The residue or tail was also assayed. The vast majority of the gold was recovered in the first 24 hours with only an additional 3% of the gold being recovered between 24 and 48 hours and little additional recovery between 48 and 72 hours, indicating rapid availability of the gold at the 200 mesh grain size. Recoveries were very uniform with only a slight increase in recovery with grade. Low grade material between 0.048 g/t and 0.2 g/t gold had an average recovery of 87% whereas material grading 0.2 g/t to 13 g/t had an average recovery of 93%.

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.

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 and has verified the data, including sampling, analytical and test data, included in this press release. The data has been reviewed for consistency and checked against the original assays for the same samples.

All technical information in this news release is obtained and reported under a quality assurance and quality control program. This program includes chain of custody protocols and systematic assaying of sample duplicates and commercially prepared standards and blanks for analytical reliability. All samples are collected under the supervision of Company geologists and transported directly to Inspectorate Laboratories in Reno, Nevada by Company personnel. The metallurgical tests and 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 or gravimetric finish and by cyanidation of a one kg sample. 

ABOUT HIGH DESERT GOLD

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 "designed", "future", "likely", "may", "recoverable", "continue", "plans, "develop, "expect", "interpreted" 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 drilling and metallurgical testing results may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present and recoverable 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: the ability to reproduce the recoveries obtained by Inspectorate Laboratories in their lab testing on an industrial or commercial scale; 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 www.sedar.com. The material assumptions that were applied in developing the forward-looking statements include: the existence of the "nugget effect"; the effectiveness of the Company's quality control/quality assurance programs; 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 January 28, 2013.

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) 584-0606
(303) 758-2063 (FAX)
rdoran@hdggold.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All
Tweet

High Desert Gold Corp.

EXPLORATION STAGE
CODE : HDG.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
6/28/2011Files First Quarter 2011 Financial Statements
4/28/2011Files Fiscal 2010 Annual Financial Statements
3/31/2011Q1 2011 Financial Report
Project news of High Desert Gold Corp.
8/20/2013(Gold Springs)Reports Continued Drilling Success from the 100% Owned Gold ...
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...
7/12/2011(Gold Springs)Pilot Gold announces completion of Gold Springs earn-in opti...
7/12/2011(Gold Springs)Completes Earn-In for 60%-Interest in the Gold Springs Proje...
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.
12/10/2013SOUTH AMERICAN SILVER CORP. SHAREHOLDERS APPROVE PLAN OF ARR...
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...
6/6/2013(Gold Springs)Reports First 2013 Drilling Results from the Gold Springs Pr...
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...
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (HDG.V)
0.080-11.11%
TSX-V
CA$ 0.080
12/23 15:36 -0.010
-11.11%
Prev close Open
0.090 0.075
Low High
0.070 0.080
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.050 -  0.140 -11.11%
Volume 1 month var.
278,609 -%
24hGold TrendPower© : -11
Produces
Develops
Explores for Copper - Gold - Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2013
 
5 years chart
 
3 months chart
 
3 months volume chart