High Desert Gold Corporation

High Desert Gold Corporation

November 07, 2007 08:30 ET

High Desert Gold Corporation Announces Drilling has Been Completed at the Markham Wash Porphyry Copper-Gold Prospect Located in Central Arizona

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2007) - High Desert Gold Corporation ("HDG" or the "Company") (TSX:HDG)(TSX:HDG.WT) is pleased to announce that drilling has been completed at the Company's Markham Wash property which is under option to Teck Cominco American Incorporated, a wholly owned subsidiary of Teck Cominco Limited. The reverse circulation drill program targeted potential porphyry copper systems and consisted of two holes. Hole MW07-01 was drilled to a depth of 604 metres and Hole MW07-02 was drilled to a depth of 597 metres for a total of 1,201 metres. Assay results from the reverse circulation drill chips are pending.

The Markham Wash project is located 6 kilometres northwest of Phelps Dodge's Dos Pobres deposit near Safford, Arizona and consists of a total of 5,225 hectares of mineral holdings within this productive mining district. The mineral rights controlled by HDG are situated along the interpreted extension of the Foothill-Butte Fault Zone. The Foothill-Butte Fault Zone strikes northwest from the Sanchez deposit located to the southeast and extends through the Lone Star, San Juan and the Dos Pobres deposits, all controlled by Phelps Dodge, prior to crossing lands controlled by HDG.

The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver in North America. The three major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, the Gold Lake porphyry copper-gold-molybdenum property in New Mexico and the Monitor copper-silver property in Arizona.

Note that in addition to the drilling competed at Markham Wash, drilling is ongoing at the Company's flagship Canasta Dorada gold property in Sonora, Mexico (see HDG PR07-03, October 19, 2007). Six diamond drill holes have been completed at Canasta Dorada and samples from the first hole are now being analyzed at the assay lab. Also, drilling is expected to start at the Gold Lake property in late November.

Certain statements contained herein constitute "forward-looking statements". These forward-looking statements are based on current expectations. The nature, timing and extent of the exploration programs may materially change from current intentions for a number of reasons. Additionally, "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," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential" "interpretation" and similar expressions. These forward-looking statements, including statements regarding the Company's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered or if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

Contact Information

  • High Desert Gold Corporation
    Richard Doran
    Executive Vice President, Investor Relations
    (303) 584-0606
    (303) 758-2063 (FAX)
    Email: rdoran@highdesertgoldcorp.com