SOURCE: Hemisphere Gold Inc.

November 13, 2007 09:00 ET

Hemisphere Gold Reports on Auger Sampling With Individual Results as High as 5.85 Grams/Ton Gold

RENO, NV--(Marketwire - November 13, 2007) - Hemisphere Gold Inc. (PINKSHEETS: HPGI), a gold exploration, property acquisition and mining development company, is pleased to announce results from an auger sampling program initiated in June 2006.

The results of the auger sampling are very positive with individual sample values as high as 5.85 grams/ton gold. The anomalous auger sample values suggest a trend that parallels contacts between mafic igneous rocks and granitic intrusive rocks. Pockknocker pits and recent shafts dug parallel these contacts and are being mapped and sampled.

The sampling methods, sample shipment, preparation, and data entry are following guidelines of international exploration under the supervision of a Qualified Person, Dr. Dennis J. LaPoint, and meet the guidelines of the TSX exchange and 43-101 Standards of Disclosure for Mineral Projects report requirements.

This auger sampling consisted of shallow holes, up to 8 meters in depth, excavated by hand auger in soil to assay for indications of gold. This program focused on a small area of the concession that is referred to as Alimonie North. This grid and one to the south were selected based on stream sediment anomalies from earlier exploration.

A total of 3,228 samples were entered in the database from 565 auger holes. Samples were collected on lines spaced 200 meters apart with sample stations every 100 meters. Samples were collected every one or two meters in depth to a maximum depth of 8 meters.

Since the original grid had positive results, the grid is now being in-filled sampled on 25m stations to better define gold targets in areas of anomalous samples. The Company is now focusing on the Red Hill area of the Alimone North with current sampling programs in place.

Based on grab samples and geologic setting the Southern grid has great potential for new targets of development. Auger sampling methods are being reviewed to allow more rapid sampling that still will define anomalous trends of gold.

Company President Ted Pomerleau stated, "We are very pleased as a team with the results to date of this area. Now that we are tightening up the spacing on the grid, we will be better able to define a potential gold bearing district."

About the Company

Hemisphere Gold Inc. is in the business of exploration and acquisition of gold properties in some of the world's best gold districts. The Company's objective is to take advantage of high-yielding untapped mineral producing properties through exploration and acquisition. The Company's flagship property is in Suriname, a democratic country which has had mining operations since the 1700s and is an emerging major international gold producer. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.

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This press release may contain forward-looking statements which are pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, risks associated with mining exploration, risks of governmental legislation and regulation, risks associated with technological changes, risks associated with dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition.

Contact Information

  • Hemisphere Gold Inc.
    Investor Relations
    Barry Reagh
    Phone: (888) 548-8444
    Email Contact