Bullion River Gold Corp. Reports Corcoran Canyon, Nevada Joint Venture Drill Results
Drilling by joint venture partner confirms high-grade silver mineralization and discovers new high-grade silver zones
RENO, NEVADA, Jan 19, 2007 (CCNMatthews via COMTEX News Network) --
Bullion River Gold Corp. (OTCBB:BLRV) today shared results from its joint venture core-drilling program with Silver Quest Resources Ltd. (TSX Venture: SQI) on the Corcoran Canyon Silver-Gold project located in central Nevada. The site is located 19 km east of the "world class" Round Mountain open pit gold-silver mine.
The limited drilling program consisted of three widely spaced diamond drill holes totaling 1,388 meters that were drilled from previously permitted drill sites. The holes were successful in confirming and then extending previously known high-grade silver mineralization in CCD06-01 as well as discovering new zones of silver mineralization in holes CCD06-02 and CCD06-03.
In addition, the drilling discovered wide zones of significant gold mineralization in strongly silicified, sulfidic tuff breccias, which overlap the silver mineralization in CCD02-01. The potential for near-surface bulk-tonnage mining of these gold zones is being evaluated.
"This is a good find, and we are extremely satisfied with the drilling results by our joint venture partner, Silver Quest Resources," said Peter M. Kuhn, president of Bullion River Gold Corp. "The discovery not only confirmed the high-grade nature of the silver on this property, it located promising gold zones as well," he said.
As joint venture partners, the two companies will now begin an in-depth analysis of the data.
The joint venture also is initiating a program of permitting in preparation for a larger drill program directed at the new shallow structural target discovered in Hole CCD06-02 and the known silver resource area.
Below are the results from the recently completed diamond-drilling program at the Corcoran Canyon Silver-Gold project.
The total program consisted of three holes comprising 1,388 meters.
The first hold of the drill program, Hole CCD06-01, was drilled at about a minus 48 degrees in a southeasterly direction to intercept the possible down-dip extension of the West Silver Reef zone. Drill results from Hole CCD06-01included:
From To Interval Ag g/t Au g/t Ag oz/t Au oz/t m 359.4 362.9 3.5 m 411.0 0.27 11.99 0.008 Within a wider mineralized zone of: 357.5 365.2 7.6 m 196.7 0.16 5.74 0.005
Drill results from Hole CCD06-02 included the discovery of a new silver zone, which included:
From To Interval Ag g/t Au g/t Ag oz/t Au oz/t m 148.4 150.6 2.2 m 795.0 0.29 23.19 0.008
Hole CCD06-02 was drilled at minus 48 degrees in a northwesterly direction in an area with no previous drilling. The mineralization is hosted in a fault breccia zone in a quartz-eye, rhyolite lapilli tuff unit, with associated fault gouge, pyrite and sericite alteration.
Hole CCD06-02 also intersected another zone of significant silver mineralization hosted in a quartz-feldspar flow-dome unit with silica veining and pyrite stringers noted, including:
From To Interval Ag g/t Au g/t Ag oz/t Au oz/t m 305.7 308.9 3.2 m 211.0 0.17 6.15 0.005
The third hole of the program, Hole CCD06-03, was drilled at minus 50 degrees in a southeasterly direction. This hole encountered several zones of anomalous silver mineralization including 3.2 meters of 25.9 g/t Ag and 0.24 g/t Au at a depth of 174.0 meters, and 3.0 meters of 69.2 g/t Ag at a depth 391.1 meters.
Robert Weicker, PGeo, is the qualified person, as defined by National Instrument 43-101, for the Corcoran Canyon, and supervised the preparation of the technical information in this release and verified the scientific and technical information and opinions contained herein by reviewing the underlying data.
About Bullion River Gold Corp.
Bullion River Gold Corp. is an American-based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has seven properties, five of which are located in Nevada. Two of the Nevada properties are considered advanced projects and three are considered grassroots projects. The three remaining properties are in California. All three of these properties are past producers.
For more information, contact Chris Marcus, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at email@example.com the Company's website at www. bullionriver.com or the U.S. Securities & Exchange Commission's website at www. sec.gov/ to review Bullion River's latest filings.
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release.
SOURCE: Bullion River Gold Corp.
Bullion River Gold Corp. Chris Marcus Investor Relations (775) 324-4881 or 1-800-540-BLRV (2578 Email: firstname.lastname@example.org Website: www.bullionriver.com
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