Bison Gold Resources Inc.
TSX VENTURE : BGE

Bison Gold Resources Inc.

May 30, 2011 10:45 ET

Bison Gold Resources Inc. Central Manitoba Property Update: Highest Grade Gold Intersections From Diamond Drilling Further Confirm Depth, Strike Extension and Identify New Gold-bearing Structures

TORONTO, ONTARIO--(Marketwire - May 30, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from exploration drilling on the Ogama-Rockland trend from the company's Central Manitoba Property which has yielded its highest gold intersections to date.

Highlights include: diamond drill hole OG-11-09 which intersected 7.96 meters of 46.19 g/t Au in a zone of intense alteration and quartz veining containing visible gold within a granodiorite. This drill hole intersected the Ogama zone approximately 100 metres west of drill hole OG-09-01, which intersected 36 g/t Au over 1.92 metres and 42 metres below OG-09-02, which intersected 25 g/t Au over 0.99 metres. Additionally, drill hole OG-11-09 intersected a new gold-bearing structure in the 'hangingwall' to the Ogama zone; 2.30 metres of 15.56 g/t Au. Drill hole OG-11-08 intersected a previously unrecognized near surface heavily altered structure containing a vein of coarse visible gold associated with fine-grained pyrite. This new zone cut 206.00 g/t Au over 1.91 metres. Significant results are tabulated below. The widths reported are drill intercepted core widths and not true widths.

Drill HoleCore interval (m)Width (m)Au g/tZONE
OG-11-09365.25 - 369.073.8296.47Ogama
182.71 - 185.012.3015.56Hangingwall
OG-11-0861.18 - 63.091.91206.00Hangingwall
383.13 - 383.850.729.39Ogama
OG-11-07411.76 - 413.611.8515.14Ogama
OG-11-06426.36 - 430.233.871.53Ogama
OG-11-05209.16 - 213.003.841.70Hangingwall
OG-11-04199.76 - 200.997.091.23Hangingwall
221.50 - 223.522.021.57Hangingwall
427.50 - 443.9016.402.64Ogama
including431.14 - 433.292.1514.33Ogama
including433.05 - 438.405.357.81Ogama
OG-11-03no significant values
OG-11-02191.46 - 192.901.441.38Hangingwall
OG-11-02197.82 - 199.551.732.75Hangingwall
OG-11-0194.00 - 95.001.001.66Hangingwall

"Our drilling to date has outlined significant high-grade mineralization at depth below and extending along strike to the old Ogama mine workings as well as intersected multiple additional structures and drill targets in the 'hangingwall wall' to the Ogama structure", stated Lucas Ewart, President and CEO for Bison Gold. Bison is currently drilling a fence of holes approximately 50 m to the east of the intersections from holes OG-11-08 and OG-11-08. Initial results from the holes are anticipated to be released in the coming weeks as there are over 600 prepared core samples still awaiting assay testing.

"We are exceptionally pleased with the success rate of our drilling targets and with over $3.7 million in the treasury we will continue our active exploration program through the summer and fall of 2011", stated Amir Mousavi, VP Corporate Development for Bison Gold. Over the past 6 months alone Bison Gold has conducted over 7000 meters of drilling making it the most active pure exploration company in the Rice Lake area.

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 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.

Contact Information

  • Bison Gold Resources Inc.
    Mr. Lucas Ewart
    President & CEO
    (416) 488-2590
    www.bisongold.com