Garson Gold Corp.
TSX VENTURE : GG

Garson Gold Corp.

August 14, 2007 08:00 ET

Garson Gold Intersects Multiple Zones of Gold Mineralization on the Birch Zone Deposit, New Britannia Mine Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2007) - GARSON GOLD CORP. (TSX Venture:GG) ("Garson Gold") is pleased to announce that assays have been received from the first two drill holes from the Birch Zone in the ongoing diamond drilling program on the 100% owned New Britannia Mine property ("NBM") located at Snow Lake, Manitoba. Each of the two holes intersected multiple zones of gold mineralization. Significant intersections are summarized in Table 1 below:



Table 1. Summary of Significant Intersections, Birch Zone

------------------------------------------------------------------------
Hole ID From To Length Length Au Au
------------------------------------------------------------------------
(feet) (feet) (feet) (metres) (ounces/ton) (grams/tonne)
------------------------------------------------------------------------
B0735 940.4 971.9 31.5 9.6 0.08 2.72
------------------------------------------------------------------------
incl. 940.4 948.3 7.9 2.4 0.10 3.50
------------------------------------------------------------------------
and 969.0 971.9 2.9 0.9 0.31 10.63
------------------------------------------------------------------------
B0735 1177.8 1180.3 1.0 0.3 0.38 12.92
------------------------------------------------------------------------
B0736 579.7 582.4 2.7 0.8 0.17 5.83
------------------------------------------------------------------------
B0736 708.7 711.6 2.9 0.9 0.11 3.81
------------------------------------------------------------------------
B0736 772.3 775.6 3.3 1.0 0.10 3.43
------------------------------------------------------------------------
True zone widths are unknown but are estimated to be greater than 90% of
the intersection lengths
Tonne equals metric tonnes (2,204 lbs)
Ton equals short ton (2,000 lbs)
Ounces equals troy ounces
Conversion of grams/tonne to ounces/ton equals 0.02917


The Birch Zone is located approximately 2.7 kilometres (km) north of the Main Mine and approximately 1.1 km north of the NBM No. 3 Zone and hosts an inferred gold resource of 81,000 ounces (569,000 tonnes @ 4.42 grams per tonne (g/t)). Holes B0735 and B0736 tested the Birch structure approximately 250 feet east of the Birch Zone resource.

Garson Gold is actively compiling data and evaluating the NBM property which includes the Main Mine and evaluation/exploration of identified satellite gold deposits and occurrences on the property. The ongoing drill program on the NBM property has been designed to test the NBM No. 3 and Birch Zones with the objectives of resource expansion and delineation of indicated resources. A second drill is being added to accomplish these objectives.

Jamie Lavigne, M.Sc., P.Geo and Vice President Exploration for Garson Gold, is the Qualified Person under NI 43-101 responsible for the verification and quality assurance of the NBM exploration data and analytical results. Gold concentrations are determined on half core at TSL Laboratories in Saskatoon, Saskatchewan using conventional sample preparation and assay techniques. For details of sampling and analytical procedures used on the NBM project, see news release dated April 18, 2007 which can be viewed at www.garsongold.ca.

ABOUT THE NEW BRITANNIA MINE

The New Britannia Mine Project (NBM) covers approximately 3,900 hectares and hosts the historic New Britannia Gold Mine which operated from 1949 to 1958 and again from 1995 to 2004, producing approximately 1.43 million ounces of recovered gold. The current resource estimate at the NBM property, completed by Kinross Gold Corporation and audited by Micon International Ltd. to NI 43-101 standards, includes a total of 364,000 ounces gold (2.21 million tonnes at 5.11 g/t gold) in the measured and indicated categories and a further 176,000 ounces gold (1.10 million tonnes at 5.01 g/t gold) in the inferred category. Within the inferred category, the NBM No. 3 and Birch zones have a combined inferred resource of 131,000 ounces gold (789,000 tonnes at 5.17 g/t gold). The Squall Lake property, contiguous with the NBM, and 100% owned by Garson, hosts an inferred resource(i) of 75,000 ounces gold (100,000 tonnes at 4.85 g/t gold in the upper zone, and 337,000 tonnes at 5.4 g/t gold in the lower zone).

The NBM mineral resource estimates were completed using a gold price of US$400 per ounce and are reported in a National Instrument 43-101 technical report filed December 8, 2006.

(i)A NI 43-101 technical report on the Squall Lake property was completed by D. Beilhartz. P.Geo., April 2006.

Reports are available for viewing on Sedar (www.sedar.com) and www.garsongold.ca.

This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release, statements about exploration budgets and future expenditure are examples of forward-looking statements. There is no guarantee that any discovery of commercial mineralization will be made on the New Britannia property. Accordingly, readers should not place undue reliance on forward-looking statements. The statements made in this new release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

Contact Information

  • Garson Gold Corp.
    David G. Tafel
    President and Director
    (604) 484-2161
    (604) 683-8544 (FAX)
    Website: www.garsongold.ca
    or
    First Canadian Capital Corp.
    Dan Boase
    Investor Relations
    (416) 742-5600 or Toll Free: 1-866-580-8891
    Email: request@firstcanadiancapital.com