Bison Gold Resources Inc.
TSX VENTURE : BGE

Bison Gold Resources Inc.

July 08, 2011 13:45 ET

Bison Gold Resources Inc. Central Manitoba Property Update: Drilling on Ogama-Rockland Trend Confirm Three Additional Gold-Bearing Structures to the Ogama Zone

TORONTO, ONTARIO--(Marketwire - July 8, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from drilling on the Ogama-Rockland trend from the company's Central Manitoba Property.

Three new additional gold-bearing structures parallel to the Ogama zone have now been confirmed through diamond drilling. They have been termed by the company: HW1, HW2 and HW3 and they are approximately 50 metres, 200 metres and 300 metres north-east of the Ogama zone, respectively. The drill holes reported here were drilled in a fence approximately 50 metres along strike to the southeast of drill holes OG-11-09 and OG-11-08 (see press release dated May 30th, 2011) with intersections that include: 3.82 metres of 96.5 g/t Au (Ogama zone) and 2.30 metres of 15.6 g/t Au (HW2) from OG-11-09 and 1.91 metres of 206.0 g/t Au from OG-11-08 (HW3). This new interpretation is based upon drill results from six holes and follow-up surface investigations. Intersections from holes OG-11-10, OG-11-11 and OG-11-12 are tabulated below. The widths reported are drill intercepted core widths and not true widths. Estimated true widths range from 70% of 90% of core widths. OG-11-13, the fourth hole of this fence of drilling has been completed and the company is currently awaiting assay results. OG-11-14 is currently being drilled with a target of the Ogama zone 50 metres beneath the intersection of 3.82 metres of 96.5 g/t Au in hole OG-11-09.

Drill Hole Core interval (m) Width (m) Au g/t Zone
OG-11-12 27.78 - 31.80 4.02 14.4 HW3
including 28.30 - 30.55 2.25 25.6 HW3
OG-11-12 412.20 - 414.76 2.56 2.2 HW1
OG-11-12 473.55 - 539.77 66.32 0.2 Ogama
including 527.05 - 529.10 2.05 1.3 Ogama
including 475.61 - 476.68 1.07 1.1 Ogama
OG-11-11 197.52 - 200.52 3.00 3.2 HW2
OG-11-11 363.40 - 365.15 1.75 4.2 HW1
OG-11-10 425.24 - 429.64 4.40 1.5 Ogama

"We are very pleased with the results of this drilling program to date. We have not only intersected high grades and widths from the Ogama zone at depth and along strike from the old mine workings, but we have now identified three new gold-bearing structures, which have become legitimate targets for our exploration efforts on the property", stated Lucas Ewart, President and CEO for Bison Gold. As well, Bison plans to drill test at depth below the Ogama zone intersection from OG-10-05 which cut 5.3 g/t Au over 25.64 metres and drill test a previously un-tested, near surface, multi-line gold-in-soil MMI anomaly approximately 250 metres along strike to the northwest of the Ogama mine workings.

Surface Exploration Update

Bison mobilised field crews to the Central Manitoba Property in late May and have been conducting extensive investigations of the Eldorado zone, Ogama West and the surface projections of the HW1, HW2 and HW3 zones. The program consists of extensive grab, chip and channel sampling, lithological and structural mapping and prospecting. To date, Bison crews have identified the main Eldorado zone at surface and followed it for a strike length of 185 metres; identified an additional gold-bearing structure approximately 1 km to the northeast of the Eldorado zone (Eldorado east); identified intense alteration, structure and mineralization in the vicinity of the multi-line, gold-in-soil MMI anomaly (drill target for this program) and identified the surficial expressions of the HW1, HW2 and HW3 zones. Initial highlights are tabulated below.

SAMPLE UTM EASTING UTM NORTHING TYPE Au g/t ZONE
420219 332265 5639412 grab 64.4 Ogama West
490621 332181 5641903 grab 64.2 Eldorado East
490604 332220 5641851 grab 41.7 Eldorado East
490617 332181 5641903 grab 40.9 Eldorado East
490625 332164 5641934 grab 11.8 Eldorado East
490707 331079 5641528 grab 10.2 Eldorado
490618 332181 5641903 grab 10.0 Eldorado East
490605 332220 5641851 grab 9.1 Eldorado East
420216 332508 5639607 grab 6.9 HW1
490705 331051 5641564 grab 5.5 Eldorado

QA/QC

Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other half retained for reference. Most gold analyses were done using 50g fire assay with AA finish. A gravimetric finish is employed where samples return gold values in excess of 3000 ppb. Screen metallics techniques were used on samples with visible gold. TSL maintains a strict quality control program with standards, blanks and duplicates included with every sample series. Standards and blanks are inserted regularly by Bison Gold personnel in to the sample series at their core processing facility. All rock samples from surface exploration follow the same rigorous protocols. A representative sample for each sample sent for assay is collected in the field and stored at Bison's core processing facility.

All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has reviewed the technical portions of this news release.

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Canada. The flagship property, Central Manitoba, is historically the 2nd largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s Rice Lake Mining Operations. Further details can be found on Bison Gold's website at www.bisongold.com.

We seek safe harbour. This news release contains forward-looking statements regarding the timing and content of upcoming programs and may be subject to regulatory approval. Actual results may differ materially from those currently anticipated in such statements. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Bison undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bison Gold Resources Inc.
    Mr. Lucas Ewart
    CEO
    (416) 488-2590