Bison Gold Resources Inc.
TSX VENTURE : BGE

Bison Gold Resources Inc.

December 09, 2011 11:24 ET

Bison Gold Resources Inc. Exploration Update: Drilling and Surface Work Discovers Additional Gold-bearing Structures on the Central Manitoba Property

TORONTO, ONTARIO--(Marketwire - Dec. 9, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from drilling and surface work on the Ogama-Rockland trend from the company's Central Manitoba Property.

Recent channel cut sampling and surface mapping and prospecting on the Central Manitoba Property has identified several new gold-bearing structures south and west of the past-producing Ogama mine and Rockland shafts. Channel cut C-208, located 400 metres west of the Ogama mine shaft and 400 metres southeast of the Rockland shaft, cut 19.25 g/t Au over a channel width of 1.09 metres. "This represents a significant new surface discovery of a gold-bearing structure in the footwall to the Ogama zone," stated Lucas Ewart, President and CEO of Bison Gold. Additional significant results from the channel sampling program are tabulated below.

Sample/Channel UTM E UTM N Width (m) Au g/t
C-028 332028 5639538 1.09 19.25
484804 including 0.32 0.42
484805 including 0.26 73.39
484806 including 0.12 11.49
484807 including 0.16 2.07
484808 including 0.23 0.26
484809 including 0.26 0.03
C-024 332024 5639546 1.20 1.54
484821 including 0.20 2.40
484822 including 0.23 0.02
484823 including 0.30 0.01
484824 including 0.20 1.67
484826 including 0.27 3.81
C-608 332608 5639603 1.30 2.29
484928 including 0.25 0.11
484929 including 0.20 6.41
484931 including 0.20 3.64
484932 including 0.20 0.35
484933 including 0.20 0.35
484934 including 0.25 3.22

Diamond drill holes OG-11-16 through to OG-11-28 were designed to test near surface gold mineralization to a depth less than 40 metres discovered by Bison personnel this past summer and gold in soil geochemical anomalies. Drill holes OG-11-19 through OG-11-26 were a series of fence drill holes aimed at identifying multi-station (50 metre separation) Au-in-soil Mobile Metal Ion anomalies over a strike length of 100 metres. Drill holes OG-11-19 and OG-11-26 identified the source of the Au-in-soil anomaly with hole OG-11-19 intersecting 9.08 g/t Au over 1.22 metres and drill hole OG-11-24 approximately 50 metres along strike to the northwest intersecting 1.18 g/t Au over 0.80 metres. These intersections represent a new gold-bearing structure on the property that remains open to depth and along strike. The remaining holes testing the Au-in-soil anomalies intersected additional anomalous gold-bearing structures at different stratigraphic horizons that appear at this time to be localized. Significant results for holes OG-11-15 through OG-11-28 are tabulated below.

Drill Hole Easting
(m)
Northing
(m)
Az220
/Dip
Core Interval
(m)
Width
(m)
Au
(g/t)
Zone
OG-11-15 332420 5639881 -80 573.00 - 583.25 10.25 1.02 Ogama
OG-11-16 332772 5639603 -45 n.s.v.
OG-11-17 332772 5639603 -65 n.s.v.
OG-11-18 332772 5639603 -75 n.s.v.
OG-11-19 332137 5639737 -45 20.80 - 22.15 1.35 1.64 new
OG-11-19 including 34.15 - 35.37 1.22 9.08 new
OG-11-20 332112 5639698 -45 31.14 - 31.84 0.7 1.1 new
OG-11-20 including 34.06 - 34.89 0.83 1.28 new
OG-11-21 332031 5639764 -45 n.s.v.
OG-11-22 332010 5639722 -45 n.s.v.
OG-11-23 331984 5639687 -45 n.s.v.
OG-11-24 332089 5639747 -45 19.02 - 19.82 0.8 1.18 new
OG-11-25 332060 5639717 -45 n.s.v.
OG-11-26 332033 5639677 -45 15.63 - 16.89 1.26 0.65 new
OG-11-26 including 51.01 - 52.27 1.26 0.35 new
OG-11-27 331638 5639814 -45 n.s.v.
OG-11-28 331640 5639815 -70 n.s.v.
n.s.v. = no significant values in excess of 1 g/t Au returned for any sample within the drill hole

Additional field mapping and sampling along the Eldorado gold-bearing structure has yielded further exceptional results along the strike of the main structure. The significant results from the 33 samples taken in late October of this year are tabulated below.

Sample Type UTM E UTM N Au g/t
490722 grab 331133 5641631 31.55
490679 grab 331161 5641602 25.48
490723 grab 331133 5641631 21.47
490673 grab 331161 5641602 10.15
490674 grab 331161 5641602 3.81
490687 grab 331153 5641608 3.43
490676 grab 331161 5641602 2.48
490675 grab 331161 5641602 2.38
490678 grab 331161 5641602 1.68

"To date, we have identified and outlined over a dozen additional near-surface gold-bearing structures within 1 km radius of the Ogama mine workings that will be drill-tested this fall and winter," stated Amir Mousavi, Vice President Corporate Development and Chief Financial Officer, Bison Gold. "We are very pleased with the work that our technical personnel have accomplished to date in establishing the Ogama region as a very gold-endowed area and highly prospective for a number of potential gold economic resources." Bison is set to commence a major resource and exploration focused drilling program on the Central Manitoba Property in January, 2012.

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
    President and CEO
    (416) 488-2590
    www.bisongold.com