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High Desert Gold Announces: Drilling to Start at Gold Springs and 2013 Exploration Plans
Published : April 16, 2013
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Mots clés associés :   Copper | G Mexico | Utah |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 16, 2013) - High Desert Gold Corporation ("HDG" or the "Company") (News - Market indicators)(OTCQX:HDGCF) is pleased to announce that drilling is expected to start at the Gold Springs project on April 17, 2013. The Gold Springs Project straddles the Nevada-Utah border West of Cedar City, Utah and is a Joint Venture with Pilot Gold Inc. in which HDG holds an 82% interest and is the managing partner.

The initial 4 to8 drill holes will be located in the Jumbo Zone in Utah while road and drill pad construction is taking place at Grey Eagle. These holes will look to extend the gold mineralization to the west and south of the resource reported at the end of Q1 of this year. Once these holes are completed the drill will move to the Grey Eagle Zone in Nevada where this season's drilling will be designed to follow up the high grade intersections reported last year, 21.4 metres of 6.18 gpt AuEq* within 62.5 metres of 2.39 gpt AuEq* (see HDG PR12-14, August 16, 2012).

The goal of the 2013 drill program is to expand the resource at Gold Springs beyond the recently announced defined inferred resource of 301,756 oz of gold averaging 0.48 g/t and 6,476,149 oz of silver averaging 10.4 g/t for a total of 415,254 oz. AuEq*averaging 0.67 g/t AuEq within 19,373,085 tonnes (see HDG PR13-07, March 28, 2013).

The Jumbo and Grey Eagle Zones are the two zones that comprised the inferred resource referred to in the paragraph above. Later this year the Company may drill a third zone from the remaining 16 outcropping gold targets at the project to potentially further expand the resource An estimated total of 100 drill holes are planned this year which will provide a steady flow of news from the project.

Ralph Fitch, President and CEO, stated "This year's exploration focus is the expansion of the resource at Gold Springs. We suspended drilling in mid-December of 2012 due to weather conditions at the project and are very pleased to be starting this year's program as planned in mid-April. We are well funded and look forward to another year of "discovery". With mineralization starting at surface, good metallurgy and the project located in two pro-mining jurisdictions we are expecting a very positive year."

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.

ABOUT HIGH DESERT GOLD CORPORATION

The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The major properties held by HDG are the Gold Springs gold project situated along the border between Utah and Nevada and the San Antonio project in Sonora, Mexico. The Company also has a 30.5% 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 16 additional targets at the Gold Springs project being delineated as a mineral resource.

Forward-looking Statement

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", "planned", "expected", "will", "goal", "extend", "expand", "may", "potentially" and similar expressions. Information concerning mineral resource estimates may also be considered forward-looking statements as such information constitutes a prediction of what mineralization might be found to be present if and when a mining project is actually developed. These statements include, but are not limited to, statements regarding the continued advancement of the Gold Springs property. 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, conditions at the Gold Springs project; the effect of capital market conditions and other factors on capital availability; 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 assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the availability of equipment and qualified personnel to advance the Gold Springs project; and 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 news release describe the Company's expectations as of April 16, 2013.

This news release uses the term 'inferred resources' which is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), however, such term is not a defined term under SEC Industry Guide 7 and is not normally permitted to be used in reports and registration statements filed with the United States Securities and Exchange Commission. Investors are cautioned not to assume that any part or all of the 'inferred resources' will be upgraded or converted into 'indicated resources' or 'reserves' as defined under NI 43-101. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for preliminary economic assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

* 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.

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)

High Desert Gold Corp.

EXPLORATEUR
CODE : HDG.V
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High Desert Gold est une société d’exploration minière d'or basée au Canada.

High Desert Gold détient divers projets d'exploration au Mexique.

Ses principaux projets en exploration sont ARTILLERY PEAK GOLD et GOLD LAKE PROPERTY en USA et GOLD SPRINGS, CANASTA DORADA, SAN ANTONIO PROPERTY et BATAMOTE au Mexique.

High Desert Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,3 millions CA$ (5,9 millions US$, 4,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 11 mars 2011 à 0,73 CA$, et son plus bas niveau récent le 18 octobre 2013 à 0,04 CA$.

High Desert Gold possède 78 285 000 actions en circulation.

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Rapports annuels de High Desert Gold Corp.
2010 Annual Report MD&A
2010 Annual report
2009 Annual Report
2008 Annual Report
Attributions d'options de High Desert Gold Corp.
25/07/2013Engages New Investor Relations Consultant
30/03/2012Renews agreement with IR Consultants and grants new incentiv...
29/04/2011Grants Incentive Stock Options
Nominations de High Desert Gold Corp.
21/02/2013Announces Appointment of New Director
Rapports Financiers de High Desert Gold Corp.
26/04/2013Files Fiscal 2012 Annual Financial Statements
31/08/2012Q2 2012 MD&A
31/08/2012Q2 2012 Financial Statement
31/08/2012Second Quarter 2012 Financial Statements
23/11/20112011 Q3 financial report
28/06/2011Files First Quarter 2011 Financial Statements
28/04/2011Files Fiscal 2010 Annual Financial Statements
31/03/2011Q1 2011 Financial Report
Projets de High Desert Gold Corp.
20/08/2013(Gold Springs)Reports Continued Drilling Success from the 100% Owned Gold ...
16/04/2013(Gold Springs)Announces: Drilling to Start at Gold Springs and 2013 Explor...
28/03/2013(Gold Springs)Reports an Updated Resource Estimate for Gold Springs
28/01/2013(Gold Springs)Reports Bottle Roll, Metallurgical Tests on Drill Cuttings f...
24/10/2012(Gold Springs)Reports Results from the Grey Eagle Target at Gold Springs, ...
04/10/2012(Gold Springs)Initiates Second Phase of Drilling at the Gold Springs Proje...
04/10/2012(Gold Springs)Initiates Second Phase of Drilling at the Gold Springs Proje...
31/08/2012(Gold Springs)Intersects 21.4 Metres Grading 5.6 g/t Gold and 32.4 g/t Sil...
02/05/2012(Gold Springs)Drilling in progress at Gold Spings
05/04/2012(Gold Springs)Drilling to start mid-april at Gold Springs
19/03/2012(Gold Springs)Announces the approval from the Nevada BLM for drill plans a...
07/02/2012(Gold Springs)Technical Report confirming Resource Estimate for the Jumbo ...
18/01/2012(Gold Springs)Doscovery of a second major gold target at Gold Springs
22/12/2011(Gold Springs)Resource estimate for the Jumbo Zone at Gold Springs
25/11/2011(Gold Springs)Update on activities at the Gold Spring Project
04/08/2011(San Antonio Property)Discovers new areas of gold/silver on its San Antonio Projec...
12/07/2011(Gold Springs)Pilot Gold announces completion of Gold Springs earn-in opti...
12/07/2011(Gold Springs)Completes Earn-In for 60%-Interest in the Gold Springs Proje...
15/05/2011(San Antonio Property)Reports Drilling Results at San Antonio Gold Project, Sonora...
26/04/2011(Artillery Peak Gold)Announces Positive Gold Results from Trenching Program at Ar...
26/04/2011(Gold Springs)Announces Positive Gold Results from Trenching Program at Ar...
13/04/2011(Gold Springs)Announces 2011 Exploration Program, Including Plans for the ...
20/08/2010(Gold Springs)Announces Strong Drill Results from its Gold Springs Project
Communiqués de Presse de High Desert Gold Corp.
10/12/2013SOUTH AMERICAN SILVER CORP. SHAREHOLDERS APPROVE PLAN OF ARR...
22/10/2013South American Silver Corp. Enters into an Agreement to Acqu...
21/10/2013Enters into Agreement to be Acquired by Well-Financed South ...
10/09/2013(Gold Springs)Drills Its Best Hole in 2013 on the 100% Owned Gold Springs ...
02/08/2013(Gold Springs)Enters Into Agreement to Buy Pilot Gold's Interest in Gold S...
10/07/2013(Gold Springs)Reports Drilling Results from the Gold Springs Project at Gr...
06/06/2013(Gold Springs)Reports First 2013 Drilling Results from the Gold Springs Pr...
08/04/2013Adopts Advance Notice By-Law
07/11/2012(Gold Springs)Reports Final Results from Trenching at the Grey Eagle Targe...
15/10/2012(Gold Springs)Reports Drilling and Trenching Progress at the Grey Eagle Ta...
31/08/2012(Gold Springs)Discovery of New Gold Zones and Increased Ownership on the G...
30/04/2012Files fiscal 2011 Annual Financial Statements
30/03/2012Renews agreement with IR Consultants and grants new incentiv...
22/02/2012Closes previously announced $4,7 million financing
15/02/2012Increases the size of its current financing to $4,7 millions
06/10/2011Closing of Qualifying Transaction by Highvista
24/02/2011Joins the OTCQX in the U.S.
21/04/2010Management’s Discussion and Analysis of Financial Position a...
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