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Garson Gold corp.

Publié le 28 avril 2008

Drilling Commences at Garson Gold's McMillan Gold Mine Property

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Mots clés associés :   Canada | Copper |
News Release

Drilling Commences at Garson Gold's McMillan Gold Mine Property

Vancouver, B.C., April 28, 2008. GARSON GOLD CORP (GG: TSX-V) ("Garson Gold" or "the Company") is pleased to announce that (option earn-in partner) Young-Shannon Gold Mines, Limited (GYS-TSX.V) ("Young-Shannon") has commenced diamond drilling the Company's McMillan Gold Mine property ("McMillan") located approximately 14 kilometers (km) south of Espanola Ontario, Canada. Young-Shannon entered into an option agreement in 2004 and can earn a 50% interest in the McMillan property for staged payments of $75,000 in cash and 650,000 common shares plus a three year work commitment of $950,000.

The drilling program will consist of a minimum of five diamond drill holes comprising 1,700 metres (m), (5,576 feet (ft)). The objective of this campaign is to continue to define further extensions of the highgrade gold values intersected in drilling campaigns on the property in 2004 through to 2007 (see Young- Shannon's Press Releases of May 31, 2006 and March 01, 2007).

Previously reported assay results from drill core in hole MM-05-13 intersected a zone which averaged down hole grades and widths of 7.21 g/t gold over 21.3 metres (m), including sections of 8.12 g/t gold over 4.60 m, and 14.96 g/t gold over 8.60 m, including 22.65 g/t gold over 4.70 m, 27.72 g/t gold over 3.10 m, and 35.70 g/t gold over 2.10 m.

This gold zone, combined with the high grade gold intersected in diamond drill holes MM-06-01, MM-05- 05, and MM-05-06 sequentially eastward along strike defines a strike length of high grade gold mineralization of at least 168 m (550 ft), which remains open in all directions.

A second objective of this drilling campaign will be to investigate still untested geophysical targets generated from the down hole induced polarization ("IP") survey completed in 2005. The down hole IP geophysical survey from 2005 successfully identified the target which led to the intersections of high grade gold in drill holes MM-06-01, MM-05-05, and particularly MM-05-13.

One of planned drill holes will test a geophysical target occurring approximately 130 m (425 ft) west of the historic underground workings at the McMillan Mine. Another drill hole will test a geophysical target occurring approximately 50 m (165 ft) eastward along strike from the high grade gold values intersected in drill hole MM-05-13. Additional drilling on this campaign will test an IP chargeability high occurring approximately 30 m (100 ft) westward along strike from the high grade gold values intersected in drill hole MM-1B-04 (drilled by MBMI Resources Inc.). This feature has supporting evidence from a Vertical Loop Electromagnetic (EM) geophysical survey completed in 1996 on the property, but which was never tested.

At least two drill holes on this campaign will test favourable geological targets on the property. One drill hole will test the down dip and westward strike extension of the historic gold ore zone of the McMillan Gold Mine beneath the underground workings. There is a strong likelihood that the high grade gold values intersected approximately 440 m down hole in drill hole MM-06-01 from the 2007 drilling campaign were the down dip extension of this ore zone. This planned drill hole would test the strike of the gold values in MM-06-01 at the same depth from surface but approximately 75 m (250 ft) to the west.

A second geologic target planned to be drill tested at depth is a surface exposure approximately 30 m (100 ft) across strike of intense epithermal/mesothermal quartz veining hosted by similar lithologies, and lying approximately 305 m (1,000 ft) west, of the historic McMillan Mine workings. Historical records indicate that the mine produced 60,000 tons of ore at a recovered grade of 0.18 ounces per ton in the 1930's.

Greg Lipton, P. Geo., and President, CEO & Director of Young Shannon is the qualified person under NI 43-101 responsible for the data verification and technical contents of this news release.

ABOUT GARSON GOLD

Garson Gold holds a 100% interest in The New Britannia Mine (NBM) Project, the Copper Prince Project and the McMillan Gold Mine Project. The Company's flagship project is the NBM, which covers approximately 3,900 hectares and hosts the historic New Britannia Gold Mine. NBM operated from 1949 to 1958 and again from 1995 to 2004 and produced approximately 1.43 million ounces of gold. The current resource estimate at the NBM property, audited by Micon International Ltd. to NI 43-101 standards, is available for viewing on Sedar (www.sedar.com) and www.garsongold.ca. A modern mill capable of processing 2,150 tonnes/day and ancillary infrastructure facilities have been kept on care and maintenance since the NBM project was purchased by the Company in December 2006.

A scoping study is underway to assess viable start-up and production scenarios with the intent to reestablishing gold production at the NBM Property. The scoping study will include; an estimation of capital costs required in rehabilitating the NBM mine and mill, and an updated evaluation of current resources.

On Behalf of the Board,

"David G. Tafel"
President and Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For Further Information Contact:
Michelle M. Hohn
VP Corporate Communications
604-484-2161 x 226 Toll Free: 1-877-784-2161
mhohn@garsongold.ca
www.garsongold.ca

This news release may contain forward looking statements concerning future operations of Garson Gold Corp. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Garson Gold corp.

CODE : GG.V
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Garson est une société d’exploration minière d'or basée au Canada.

Garson est cotée au Canada. Sa capitalisation boursière aujourd'hui est 14,6 millions CA$ (14,5 millions US$, 11,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 05 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 03 août 2012 à 1,08 CA$.

Garson possède 146 050 000 actions en circulation.

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Rapports annuels de Garson Gold corp.
2008 Annual report
2007 Annual report
Financements de Garson Gold corp.
20/06/2008Arranges Non-Brokered Private Placement
Projets de Garson Gold corp.
28/04/2008(Mcmillan)Drilling Commences at Garson Gold's McMillan Gold Mine Prope...
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