Bison Gold Resources Inc. Announces Maiden High Grade Mineral Resource Estimate on the Ogama-Rockland Gold Deposit
18 11월 2013 - 10:00PM
Marketwired Canada
Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is
pleased to announce the results of the Maiden Mineral Resource Estimate for the
Ogama-Rockland Gold Deposit on its Central Manitoba Property located in
southeastern Manitoba.
The Mineral Resource estimate has been prepared by Jamie Lavigne, P.Geo, a
Senior Associate Geologist with Watts, Griffis and McOuat Limited ("WGM") and
reported in accordance with National Instrument 43-101 requirements.
The estimate is classified as an inferred mineral resource and totals 1.28
million tonnes averaging 8.17 g/t Au for 337,000 ounces of contained gold at a
cut-off grade of 2.50 g/t au. Table 1 shows the mineral resource at the 2.50 g/t
cut-off grade and grades and tonnages at several other cut-off grades for
comparison. The complete report will be filed on SEDAR and Bison Gold's website
within 48 hours of this news release.
TABLE 1.
ORD RESOURCE TABULATION
----------------------------------------
----------------------------------------
Cutoff Grade Tonnes Au Au
(g/t Au) (Mt) (g/t) Ounces
----------------------------------------
----------------------------------------
0.5 3.23 3.99 415,000
1 2.43 5.06 397,000
2 1.51 7.25 354,000
2.5 1.28 8.17 337,000
3 1.09 9.11 319,000
5 0.71 11.89 274,000
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Notes 1. CIM Definitions were followed for classification of Mineral
Resources.
2. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
3. Mineral Resources are estimated at a cut-off grade of 2.5 g Au/t.
4. Mineral Resources are estimated at a gold price of $1,500 and a
metallurgical recovery of 95%.
5. High grade assays are capped at 70 g Au/t.
6. Bulk density of 2.71 t/m3 was used.
7. Numbers may not add due to rounding.
The Ogama Rockland Domain (ORD) is interpreted to consist of a number of
relatively thin, steeply dipping, tabular bodies and is currently being
evaluated by Bison Gold for its underground mining potential. A conventional
approach to estimation was employed that included 3 dimensional interpretation
and block modelling of mineralization using GEOVIA GEMS 6.4 software. The ORD
portion of the database on which the estimate is based contains 77 diamond drill
holes which total 27,874 metres and includes 15,965 samples.
The Mineral Resources are classified as Inferred and follow CIM Definition
Standards for Mineral Resources and Mineral Reserves adopted on November 27,
2010 (CIM Definitions).
"This is a milestone achievement for Bison Gold and its flagship Property,"
stated Amir Mousavi, CEO of Bison Gold. "The Mineral Resource Estimate for the
Ogama-Rockland Deposit is only the first stage in the development of the
property, and demonstrates the high grade nature of its near surface gold
mineralization. We look forward to advancing this resource and numerous other
high priority targets."
Jamie Lavigne, P.Geo is the Qualified Person ("QP") under NI 43-101 for the
Mineral Resource Estimate on the Ogama-Rockland Gold Deposit. All exploration
activities for Bison Gold are under the supervision and guidance of Director
David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has
reviewed and approved the technical portions of this news release.
About Bison Gold
Bison Gold is a Canadian public company listed on the TSX Venture Exchange.
Bison Gold is focused on gold exploration with property assets in Manitoba,
Canada. The flagship property, Central Manitoba, is historically the second
largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold
Corp.'s Rice Lake Mining Operations. Further details can be found on Bison
Gold's website at www.bisongold.com.
We seek safe harbour. This news release contains forward-looking statements
regarding the timing and content of upcoming programs and may be subject to
regulatory approval. Actual results may differ materially from those currently
anticipated in such statements. Without limitation, statements regarding
potential mineralization and resources, exploration results, and future plans
and objectives of the Company are forward looking statements that involve
various risks. The following are important factors that could cause the
Company's actual results to differ materially from those expressed or implied by
such forward looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral exploration,
risks associated with development, construction and mining operations, the
uncertainty of future profitability and the uncertainty of access to additional
capital. There can be no assurance that forward-looking statements will prove to
be accurate as actual results and future events may differ materially from those
anticipated in such statements. Bison Gold undertakes no obligation to update
such forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
such forward-looking statements.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bison Gold Resources Inc.
Amir Mousavi
CEO
(647) 352-4900
www.bisongold.com
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