Garson Gold Corp.

Garson Gold Corp.

December 10, 2007 13:03 ET

Garson Gold Corp. Commences Scoping Study

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) - GARSON GOLD CORP. (TSX VENTURE:GG) ("Garson Gold") ("the Company") reports that it has engaged Micon International Limited ("Micon") to complete a Scoping Study to assess the viability of re-establishing gold production at the Company's 100% owned New Britannia Mine ("NBM") Property located in Snow Lake, Manitoba.

The Scoping Study will include an estimation of capital costs required to rehabilitate the NBM mine and mill, an updated evaluation of current resources (including a preliminary estimation of operating costs), and the development and evaluation of mining and operating scenarios. The Study will include historical resources in the Main Mine, as well as incorporating results from diamond drilling currently in progress on the No. 3 Zone deposit. Several potential development options are being evaluated including completing a 1.5km exploration drift that would connect the historical Main Mine to No. 3 Zone. The Scoping Study will be coordinated and authored by Micon with Wabi Development Corporation providing consulting expertise on the rehabilitation of the mine, mill, and infrastructure as well as recommendations on mining methods; Golder Associates Ltd. will provide an update on resources within the NBM No. 3 Zone by incorporating the 2007 drill results into their previous October 2006 resource estimate.

Approximately 18,000 meters (m) (of 20,000 m) of diamond drilling, primarily focused on the No. 3 Zone deposit, have been completed on the NBM property to date this year. Three surface drills are currently operating on the property with; two rigs drilling at No. 3 Zone and one testing mineralization in the upper levels of the historical Main Mine deposit, the results of which will all be included in the Scoping Study. The commencement of the Scoping Study is the next step towards achieving the Company's objective of establishing near term gold production from the NBM property.

In addition to the drilling program, exploration activities in 2007 have also included a comprehensive property wide data compilation aimed at deriving additional exploration opportunities within the NBM property. An airborne magnetic survey was completed over the entire property and 943 soil samples were collected and analyzed. The soil survey has identified a number of gold anomalous areas and in conjunction with the airborne magnetic survey, is being integrated with historical geological and exploration data to derive drill targets outside of the known zones to be tested in 2008.


The New Britannia Mine, which operated from 1949 to 1958 and again from 1995 to 2004, produced approximately 1.65 million ounces of gold from approximately 10.8 million tonnes of ore. In January 2005, the operator of the New Britannia Mine, Kinross Gold Corporation ("Kinross") placed the facility on care and maintenance and in December 2006 Garson Gold completed a transaction to acquire the property which included the New Britannia mine and mill, all surface infrastructure, as well as mining leases and mineral exploration claims totaling 3,941 hectares. Current gold resources on the property, as estimated by Micon International Limited in a NI 43-101 technical report available on Sedar ( and, include 364,000 ounces gold (2.21 million tonnes at 5.11 g/t gold) in the measured and indicated categories, located within the Main Mine. Inferred resources total 176,000 ounces Au (1.10 million tonnes at 5.01 g/t gold) and are contained within the Main Mine and two satellite deposits, the No. 3 Zone and the Birch Zone located approximately 1.5 and 2.5 kilometers respectively from the Main Mine.

On Behalf of the Board,

David G. Tafel, President and Director

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.

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

Contact Information