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High Desert Gold Announces Positive Gold Results from Trenching Program at Artillery Peak, Arizona and the Start of Drilling at Gold Springs
Published : April 26, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - High Desert Gold Corporation ("HDG" or the "Company") (News - Market indicators) (OTCQX:HDGCF) announces positive gold results from the recently completed trenching program at its Artillery Peak, Arizona "bonanza" grade gold property.

Three trenches were cut in the central portion of the previously reported 950 metre long soil and rock chip gold anomaly (see PR 09-7, July 2, 2009 and PR 09-10, August 20, 2009). The trenches were cut perpendicular to the strike of the vein swarms and were located within a 180 metre strike length of the primary vein swarm with each trench being approximately 90 metres apart. Continuous chip samples were collected and assayed for each 1.52 metre (5 feet) of trench. 

Results show a continuous zone of gold mineralization within the trenches, varying between 10.7 metres and 24.4 metres in width with gold assays as high as 5.513 g/t over 1.52 metres. Surface sampling as most recently described in PR 09-10, August 20, 2009 has defined three vein swarms which contain very high gold values in selected areas. The Company's interpretation is that these high values represent pockets of high grade gold mineralization within an envelope of lower grade mineralization. This combination of high and lower grade gold mineralization within the veins extends over approximately 900 metres of strike. The following table shows the high grade surface chip sample assays listed in PR 09-10.

Sample Number Sample Length (Metres) Description Gold
(g/t)
14898 0.6 Vein, white quartz 8.07
14900 0.1 Vein, white quartz 31.1
14907 3x3 area Vein, white quartz 46.3
14910 0.3 Vein, white quartz 20.6
14916 0.4 Vein, white quartz 8.27
14929 3x3 area Select of vein over a 3x3 metre area 17.0
14936 0.3 Vein, white quartz 75.1
14937 0.3 Vein, white quartz 31.2
14938 1.2 Multiple stacked veins in granite 9.51
14940 0.1 Vein, white quartz 24.4
14941 0.3 Vein, white quartz 9.54
143302 0.1 Vein, white quartz 31.6
143303 0.1 Vein, white quartz 71.3
143304 0.1 Vein, white quartz 10.7
145245 3.3 Hanging wall granite with hematite on fractures 31.6

The three trenches were cut in locations several metres away from the high grade samples so as to better understand the more typical vein structure. Results were very positive, as shown in the table below, in that the gold mineralization extended beyond the immediate vicinity of the quartz veins, extending into the granitic host rock.

Trench # Sample #s Width (m) Average Gold (g/t) Highest Gold Value (g/t)
Trench 1 25043-25050 26301-26308 24.4 0.41 4.251
High Grade Zone within Trench 1 26303-26307 7.6 1.09 4.251
Trench 2 24982-24988 10.7 0.44 1.898
Trench 3 24941-24953 19.8 0.81 5.513
High Grade Zone within Trench 3 24941-24951 16.8 0.98 5.513

HDG management believes the results indicate that gold mineralization continues between the high grade pockets of mineralization. Thus, the expected results from further trenching or drilling would be a combination of high grade zones similar to the surface samples interspersed with zones with similar grades to that seen in the trenches. The three quartz vein swarms extend over approximately 900 metres of strike and a width of 50 to 300 metres. Gravel cover hides potential extensions.

Seventeen samples were also subjected to gold extraction by cyanidation. The results from this study suggests that the gold is cyanide extractable, in that, excluding one nugget sample, cyanide extraction yielded results within 9% on average compared to the original fire assays. This means that more than 90% of the gold was available to cyanide extraction. This would be a great benefit should an economic deposit be defined at some future date.

The gold mineralization in the trenches is dominantly associated with zones of hematite and rare, thin quartz veins within Precambrian granites. These results demonstrate that gold values are not confined to veins, but are within broad zones of altered granitic rocks. The trenches did not expose as many veins as had been interpreted from surface mapping but they did confirm that gold mineralization extended into the granitic rocks and that the mineralization is likely continuous along strike. These are important criteria in assessing the potential for the Artillery Peak target. All trenches were developed in areas with existing roads so no trenching was carried across any of the larger veins within the target area which were historically exploited by a number of historic shafts in the project area. With these encouraging results, HDG will be considering additional trenching or a follow-up drill program.

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. The cyanide extraction tests were also performed at the same Inspectorate Laboratories.

The Qualified Person on the Artillery Peak project is Randall Moore, EVP Exploration and a certified professional geologist. He has reviewed the content of this press release.

There has been insufficient exploration to define a mineral resource at Artillery Peak and it is uncertain if further exploration will result in the targets at the project being delineated as a mineral resource.

Please see High Desert Gold Corporation's website, www.hdggold.com, for Artillery Peak maps and diagrams.

START OF DRILLING AT GOLD SPRINGS

The Company also announces that drilling has begun at the flagship Gold Springs project on the Nevada-Utah border. The plan as previously announced (see HDG PR11-05, April 12, 2011) is to complete an early diamond drill program to collect orientated cores to better understand vein orientation, location and controls of the gold-silver mineralization. Drilling began on April 19 to complete a 4-6 diamond-drill hole program. This will then be followed by a reverse circulation ("RC") program scheduled to start in early May. 

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 "plans," "scheduled", "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential," "interpretation" and similar expressions. Information concerning the interpretation of trench sampling also 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, 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 further exploration results are obtained 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. 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.

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, Investor Relations
303-584-0606
303-758-2063 (FAX)
rdoran@hdggold.com

High Desert Gold Corp.

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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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