Bishop Gold Inc.
TSX VENTURE : BSG

Bishop Gold Inc.

August 21, 2006 15:23 ET

Bishop Announces Assay Results from Lawyers Drill Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 21, 2006) - Bishop Gold Inc. ("Bishop") (TSX VENTURE:BSG), listed on the TSX Venture Exchange Inc. (the "Exchange") under the trading symbol "BSG", would like to announce the assay results from five recently completed diamond drill holes at the Cliff Creek zone on the Lawyers Gold Project which completed in July 2006. The Lawyers Gold Project is located in the Toodoggone region of northern B.C., approximately 26 kilometres by road north of the Kemess Cu-Au porphyry mine of Northgate Minerals Corp.

The drilling intersected 2-16 metre wide intervals of low grade gold and silver grading from 0.37 to 3.4 g/t gold and 2.2 to 81.1 g/t silver. These intersections are surrounded by broad sections from 10 to 17 metres in width of low grade gold and silver grading from 0.1 to 0.2 g/t gold and 2 to 4 g/t silver. Individual values graded as high as 5.87 g/t gold and 154 g/t silver.

The better grade intersections in each diamond drill hole are listed below as follows:



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Intersections Interval
Hole No. (metres) (metres) Grade (g/t)
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From - To Gold Silver
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06-CC-06 13 - 16 3 0.63 3.00
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40 - 44 4 0.47 13.53
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52 - 54 2 0.62 2.20
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90 - 101.5 11.5 0.37 11.85
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07-CC-06 85 - 90 5 1.70 13.72
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08-CC-06 28 - 35 7 1.92 47.7
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56 - 59 3 0.62 3.00
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65 - 67 2 1.27 28.00
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70 - 80 10 0.60 4.00
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09-CC-06 87.5 - 90 2.5 1.82 4.50
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10-CC-06 30 - 34.4 4.4 3.45 81.10
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45 - 60 14 1.18 2.37
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60 - 76 16 0.50 6.81
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Previous drill holes drilled in 2006 03-CC-06 and 05-CC-05 assayed from 6.69 to 12.34 g/t gold and 37.93 to 71.90 g/t silver over 2 to 3 meter widths in the southern portion of the Cliff Creek gold zone.

In light of these lower gold and silver results Bishop will be canceling the flow-through portion of its recently announced private placement of $1.0 million which was to be used to further explore the Cliff Creek Zone.

Gold and silver analyses of the split core were performed by ALS Chemex in North Vancouver between July 10th and August 17th.

The Lawyers Gold Project in the Toodoggone region of northern B.C., is an extensive low sulphidation gold-silver vein system which hosts four defined mineralized trends with a combined strike length of over 11 kilometres to date. A small portion was mined by Cheni Gold Mines Ltd. in the period 1989-1992 with recorded production of 173,678 oz gold and 3,638,954 million oz silver. Cheni drill programs during 1987-1990, outlined a significant gold vein system in the Cliff Creek zone over a strike length of 1,500 metres with widths up to 58 metres. The area mined was a small section of the northern zone, with no follow up on the main broad vein discovery on the southern portion of the Cliff Creek zone.

Management will be reviewing the results of the latest drill program on the Lawyers Gold Project in greater detail, as well as the other targets in the Toodoggone Area. The Company will also be assessing its other exploration properties and opportunities.

Gary Nordin, P.Geo., Q.P., a director of Bishop Gold Inc. has reviewed and approved the contents of this news release.

ON BEHALF OF BISHOP GOLD INC.

Gary Nordin, P.Geo., Q.P., Director

The company seeks safe harbor on forward-looking statements.

The TSX Venture Exchange Inc. has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Bishop Gold Inc.
    Investor Relations
    (604) 681-2575
    (604) 681-2577 (FAX)