High Desert Gold Corporation
TSX : HDG
TSX : HDG.WT

High Desert Gold Corporation

July 02, 2008 14:38 ET

High Desert Gold's Reconnaissance Program Locates Strong Gold Mineralization on Its Kinkaid Property, Mineral County, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - High Desert Gold Corporation ("HDG" or the Company) (TSX:HDG)(TSX:HDG.WT) is pleased to announce that the ongoing North American reconnaissance program has completed the initial evaluation of its wholly owned Kinkaid gold-copper property located approximately 24 kilometers northeast of Hawthorne, Nevada. HDG acquired the property through staking in September of 2007 and now has 260 federal lode claims covering 2,174 hectares.

The Kinkaid property was acquired for its bonanza vein and hot springs potential. Initial reconnaissance identified numerous quartz veins at the surface which have been subsequently sampled with encouraging results.

HDG has collected a total of 171 rock chip samples from the claim block with initial results returning gold grades of up to 28.6 gpt gold from one of the many veins which have been identified. Of the 171 samples collected, 32 have gold assays of greater than 1.0 gpt. Gold mineralization is associated with, and overprinted by, copper mineralization. Select samples have contained up to 15% copper and 67 of the 171 samples contain greater than 1,000 ppm copper.



The following table lists selected rock chip results from the Kinkaid
property:

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Sample Gold Copper
Sample Number Length Description in gpt in %
(Metres)
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121033 0.2 Quartz Vein 28.6 1.47
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40809 0.6 argillized and brecciated intrusive 25.6 2.92
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40813 0.6 glassy and massive white vein 17.4 0.074
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63968 0.2 Quartz vein 9.82 3.23
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120753 2.4 Quartz vein 6.72 3.11
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40819 0.3 10" quartz vein 6.52 0.04
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120725 1.2 Vein swarm 6.04 1.58
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120765 3.0 Calcareous silt clay altered 4.6 0.016
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120799 3.0 Shear with brecciated arkose and
vein material 4.0 1.77
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120752 1.2 Brecciated zone w/ quartz vein
fragments 3.6 0.73
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120800 0.9 Sheeted quartz barite veins 3.51 2.81
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120783 0.6 Garnet Skarn 2.74 3.15
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120732 1.5 Fractured Calcareous silt 2.28 0.01
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120704 2.4 Sheeted thin quartz veins in arkose 2.08 0.073
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40803 0.6 Stockwork veined Dike 2.09 6.1
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120785 1.2 Structural zone within moderately
altered limestone 1.8 5.23
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120713 1.8 Fractured arkose 1.56 0.001
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121701 2.4 Portion of 40' wide structure 1.32 0.41
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The primary style of mineralization is dominated by epithermal/mesothermal veins, which can range in thickness from less than one-inch to over 4-feet in true width. Major veins can be traced for distances well over 1-mile along strike, but have limited exposure due to erosion and the presence of post-mineral cover. The major feature of the central portion of the claim block is a large broad anticline where numerous quartz-sulfide-malachite veins occur along the axis. This is the most common vein set and they appear to contain the highest gold and copper grades. Calcareous rich argillites are found within the property and show high grade gold mineralization where cut by structures or veins. These rocks are expected to occur below the crest of the anticline at the down dip projection of the gold-copper veins. This is a similar geologic environment to the Fortitude mine which is located 260 km northeast of Kinkaid. Stockwork quartz veining and hydrothermal brecciation are mapped in the western portion of the project. These exposures are characteristic of hot springs deposits such as at Bodie located just 66 km west in California and Paradise Peak located 63 km northeast of Kinkaid. This area contains elevated arsenic, antimony and mercury as well as gold in chip samples.

The Qualified Person on the Gold Lake property is Randall Moore, Executive VP of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.

Assays at Kinkaid were performed by ALS Chemex (ALS) which is an ISO 9001:2000 certified laboratory. Gold was analyzed by the Au-AA23 method that includes fire assay of a 30 gram sample with an AA finish. All other elements were analyzed by the ME-ICP61 method. Gold assays were performed in the ALS Reno, Nevada laboratory while the other elements were assayed in their Vancouver, B.C. laboratory, both of which are ISO certified.

Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential," "interpretation" and similar expressions. Information concerning the interpretation of chip sample results and also geology may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Except as required by law, HDG assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

Contact Information

  • High Desert Gold Corporation
    Richard Doran
    Executive Vice President, Investor Relations
    (303) 584-0606
    (303) 758-2063 (FAX)
    Email: rdoran@highdesertgoldcorp.com