SOURCE: Ironwood Gold Corp.

Ironwood Gold Corp.

June 21, 2010 09:00 ET

Ironwood Gold Reviews Drilling Bids for Cobalt Canyon Exploration Program

SCOTTSDALE, AZ--(Marketwire - June 21, 2010) -  Ironwood Gold Corp. (OTCBB: IROG) (the "Company") is pleased to announce that preparations are underway to begin a drilling program on the Cobalt Canyon property located in the Chief mining district of Lincoln County, Nevada about 115 miles northeast of Las Vegas and 5 miles north of the town of Caliente at an altitude of about 6,000 feet.

The project data includes an independently authored 2009 N.I. 43-101 compliant report which offers the opinion that Cobalt Canyon appears to have potential for 1.5 million ounces of gold -- and possibly considerably more -- as either an open-pit or underground target. Given the high grades in some samples -- up to 1.16 opt Au, Ironwood has set up a geological evaluation committee to determine exact drilling locations and to review bids received from qualified drilling companies. At this juncture, the Company estimates that drilling will commence mid July. 

One of the primary goals of the drill program is to determine if mineralization is disseminated in wall rocks around the mineralized structures as suggested by several previous samples. Based on the results of the drilling, the Company aims to validate the Cobalt Canyon project as capable of commercial operation of an underground mine. The drill sampling will further assist in accurately assessing tonnages and grades across the claims in order to support the establishment of an open-pit mine.

In readiness for the drill program, Company geologists have carefully reviewed data from the Delamar Mining District, an analogous region 30km southwest of the Chief District project area and which has historically produced more than 660,000 ounces of gold and 1 million ounces of silver.

Company VP of Exploration, Dr. Howard Lahti, comments "Our initial sampling efforts suggest we may have a significant opportunity at Cobalt Canyon. Accordingly, we have accelerated our timelines in order to move into our drill program as soon as possible so that we can identify clear priorities and begin development of the next phase of our program."

Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit:

Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Ironwood Gold Corp.
 Behzad Shayanfar, CEO

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