Escape Gold Inc.
TSX VENTURE : EGT

Escape Gold Inc.

March 25, 2008 09:32 ET

Escape Gold Drilling Defines Geological Structure at Red Rock

TORONTO, ONTARIO--(Marketwire - March 25, 2008) - Escape Gold Inc. (TSX VENTURE:EGT):

CUSIP number: 2962931036

President and CEO, T. John Magee is pleased to announce that the Company successfully intercepted the mineralized structure as outlined by the Titan geophysical survey and validated our extensive re interpretation of the geological structural model hosting the bonanza gold/silver epithermal veins. The Red Rock low sulphidation epithermal system has seen in excess of 140 drill holes over a twenty year period without defining the structural controls over the bonanza mineralization.

The Discovery Zone is covered by approximately 125m of pediment gravels and required R/C drilling and casing through to bedrock. The R/C drill contractor has completed 18 pre-collar holes to date and will return once the core drilling have completed the first phase of a 10,000m drill program. The core drilling program has been hampered by technical difficulties and have only completed the first two holes of an anticipated 20 hole drill program.

Three holes, EGT-08-01, EGT-08-02, and EGT-08-03 are designed in a fan to test the continuity of the mineralized structure encountered in the historic Phelps Dodge drill holes RPR-89-014, (30m grading,16.79g/t Au and 51.63 g/t Ag) and RPC-90-907, (7.62m grading, 61.05 g/t Au and 157.69 g/t Ag) and confirm a newly interpreted geologic, structure trending North 30 degrees East.

EGT-08-01 was initially designed to test the orientation of the mineralized structure encountered in Hole RPR-89-014, and independently verify the high grade assays indicated by the Phelps Dodge drilling. The casing separated in the hole and the core driller was unable to start the hole. This hole will be re-cased and drilled later in the current drill program.

EGT-08-02 was drilled to undercut drill hole RPR-89-014 and test for continuity of the mineralized structure encountered in RPR-89-014. EGT-08-02 entered the structure at 195 m, approximately 30m below the bottom of drill hole RPR-89-014. EGT-08-02 intercepted 6.1m averaging 1.27 g/t Au and 65 g/t Ag. The mineralization was similar to the grades encountered in the lower portion of RPR-89-014 and Company geologist's interpret this as the down dip continuation of the original Phelps Dodge Discovery hole.

EGT-08-03 was drilled to intersect the bottom of RPR-89-014, and test for continuity of the mineralized structure encountered in RPR-89-014. EGT-08-03 encountered the structure, but deviated from its intended target, and hit the structure at a down hole depth of 150m, and approximately 15m south of RPR-89-014. This hole will be re drilled later in the current program.

GEOLOGICAL SUMMARY

EGT-08-02 and EGT-08-03 were designed to test the orientation of the mineralized structure and to add vertical continuity at depth below the existing drill holes. Although gold grades were low, the drill hole successfully achieved both of its primary objectives. The drill hole encountered the structure at the projected target depth and established additional data used to determine the strike and dip of the structure. The structure strikes at North 30 degrees East, and dips 85 degrees northwest.

EGT-08-03 was also designed to test the orientation of the mineralized structure. Like EGT-08-02, EGT-08-03 succeeded in establishing additional data used to determine the strike and dip of the structure.

This initial phase of drilling is critical to our geological interpretation of this structurally complex epithermal system. Escape's first 2 drill holes, confirmed the new geologic model and drilling will continue along the known mineralized structures plus down-dip. The geologic model evolved from mapping exposed veins and dikes on the surface, and from interpretation of the Titan-24 Deep IP survey completed last summer by Quantec Geosciences.

The core drill is currently drilling three holes from the same set up to test and potentially expand the intercept encountered in Romarco's historic hole RMR-004 (71.46m grading 33.59 g/t Au and 159.56 g/t Ag).

ON SITE QUALITY ASSURANCE / QUALITY CONTROL MEASURES

The assay and sample information, as well as geological descriptions are taken from drill logs as prepared by the geologists for the drill program and verified by Christopher Pratt, the Vice President of Exploration for Escape Gold, Inc. Chain of Custody includes pick up of the samples from the Escape Gold Inc. core facility by American Assay, and delivery of the samples to the American Assay laboratory in Sparks, Nevada, where all samples undergo analysis. Gold and silver are assayed using fire assay on a one assay ton sample. Samples that are reported to assay above 7.77 g/t gold are re-analyzed by screen-fire assay. Four standard gold and silver samples and two blank samples are included per 100 samples by American Assay to insure the accuracy of the analytical results.

Christopher L. Pratt, P.Geo. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in this news release.

Certain statements presented herein may constitute "forward looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Escape Gold Inc.
    T. John Magee, P.Geo.
    President and CEO
    (647) 436-0093
    or
    Escape Gold Inc.
    Chris L. Pratt, P.Geo
    V.P. Exploration
    (775) 934-3325