Bullion River Gold Corporation
OTC Bulletin Board : BLRV

November 05, 2007 03:00 ET

Bullion River Gold Reports Expected Initial Positive Cash Flow for French Gulch Operations in October 2007

RENO, NEVADA--(Marketwire - Nov. 5, 2007) - Bullion River Gold Corp. (OTCBB:BLRV) announced earlier today that according to preliminary production statistics for the Company's French Gulch Mining operation, the value of gold recovered last month (Oct-2007) at the Company's California-based mine is expected to exceed onsite production costs.

"Operating at a profit in October is overdue validation of the measures we instituted earlier in 2007 to control production costs," stated CEO Peter Kuhn. "This milestone could also not have been reached without the diligent efforts of the mine operations personnel onsite at French Gulch, and their collective efforts to bring the project to profitability. Of course the fact that the monthly moving average for the price of gold jumped around $100 recently didn't hurt our net results either."

The preliminary Production Statistics for October 2007 at Bullion River Gold's French Gulch Mine project are as follows:

Gold Mill Head
Period: Milled: Recovered: Recovery: Grade:
10/1/2007 1055.3 734.8 92.3% 0.754 opt
thru 10/31/2007 tonnes ounces

For the period October 1, 2007 through October 31, 2007, the mine produced and processed 1,055.3 tons of ore containing 795.7 oz of gold, of which 734.8 oz were recovered, representing an average recovery for the month of 92.3%.

The statistics listed above represent the first calendar month in which the value of gold produced by the mine exceeded onsite production costs. This is a significant event in the evolution of the French Gulch Mine from an exploration project to a viable gold producer. Efforts onsite are currently directed at continued cost management and development of additional stoping areas, which will allow the mine to increase tonnage delivered to the mill.

The availability of additional tonnage at French Gulch will continue to reduce the Company's cost per ounce produced. Combine this with the current prices for gold (US$807.25 on Nov 2, 2007) and silver (US$14.64 on Nov 2, 2007), and Bullion River Gold anticipates continued increasing revenues. All of which should lead to more profitable months for Bullion River Gold's mining operations, and increased shareholder value.

About Bullion River Gold Corp.

Bullion River Gold Corp. is a Nevada-based precious metals exploration company focused on gold and silver deposits in the western United States. The Company currently has six project properties, equally divided between California and Nevada. Of the Nevada properties, two are considered advanced projects and the third is considered grassroots. The three California properties are all past producers.

Interested investors are encouraged to visit the Company's website at www.bullionrivergold.com and/or view the financial filings for BLRV on file in the EDGAR system, which can be accessed by going to the U.S. Securities and Exchange Commission's website at www.sec.gov.

Forward-Looking Disclaimer

This press release may include statements that constitute "forward-looking statements", which are often characterized by the terms "may", "believes", "projects", "expects", or "anticipates", and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Bullion River Gold Corp. to be materially different from those expressed or implied by such forward-looking statements. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and other factors over which Bullion River Gold Corp. may have little or no control. Specific forward-looking statements contained in this press release include, but are not limited to the Company's statement that (i) certain efforts onsite at French Gulch, will allow the mine to increase tonnage to the mill; (ii) that Bullion River Gold anticipates continued increasing revenues due to the current price of gold and other factors; and (iii) the Company's summary statement that all of these factors should lead to more profitable months for Bullion River Gold's mining operations, and increased shareholder value.

Factors that may affect forward-looking statements and the Company's business generally include but are not limited to (i) the risk factors and cautionary statements made in the Company's SEC filings; and (ii) other factors that Bullion River Gold is currently unable to identify or quantify, but may exist in the future.

Contact Information

  • Bullion River Gold Corp.
    Glenn Blachford
    (775) 324-4881 or 1-800-540-BLRV (2578)
    Email: glenn@bullionriver.com
    Website: www.bullionrivergold.com
    Equiti-trend Advisors LLC
    Additional Investor Relations
    Toll Free U.S. & Canada: 1-800-953-3350
    Local or Intl.: (858) 436-3350