The Jumbo Zone mineral resource estimate is based on 39 RC (reverse circulation) drill holes totaling 5,516 metres and 3,458 assay values; the Grey Eagle resource estimate is based on 31 RC drill holes totaling 3,653 metres and 2,395 assay values. This included the data collected from the 35 RC drill holes (4,439 metres and 2,913 assays) completed during the 2012 drill program. Assay values were verified against drill logs and assay certificates. Drill hole collar locations were checked and verified. The mineral resource was estimated using 1.52-metre composites of the assay values, with zero grades inserted into intervals that were not sampled.
A geological model was constructed of the Au-Ag mineralized zone. This model was used to constrain the composite values chosen for interpolation and the blocks reported in the mineral resource. A total of 2,213 1.52-metre composites were used to interpolate the resource. A block model was constructed using 5-metre by 10-metre by 10-metre blocks in the x, y and z directions respectively. Grades for gold and silver were interpolated into the blocks by the inverse distance squared method using a minimum of two and maximum of 10 composites to generate block grades.
The resource estimate is categorized as "inferred" as defined by the Canadian Institute of Mining guidelines for resource reporting. Mineral resources do not demonstrate economic viability, and there is no certainty that these mineral resources will be converted into minable reserves once economic considerations are applied.
The inferred mineral resource estimate has been prepared in compliance with the standards of NI 43-101 by Dr. A. Armitage, PGeol, of GeoVector Management Inc. GeoVector is an Ottawa, Ontario based consulting firm specializing in resource estimation, project assessment and project management. Dr. Armitage acted as the qualified person for the resource estimate, as defined in NI 43-101, is independent of the Company and has reviewed the technical information regarding the resource estimate in this release. A NI 43-101 compliant technical report on the resource will be finalized and filed on SEDAR within 45 days of the date of this news release.
The Gold Springs project is a joint venture between HDG (82%) and Pilot Gold Inc. (18%) with HDG as the managing partner.
ABOUT HIGH DESERT GOLD CORPORATION
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The major properties held by HDG are the Gold Springs gold project situated along the border between Utah and Nevada and the San Antonio project in Sonora, Mexico. The Company also has a 30.5% interest in the Canasta Dorada property in Sonora, Mexico, through its equity interest in Highvista Gold Inc. There has been insufficient exploration to define a property-wide mineral resource at Gold Springs and at San Antonio and it is uncertain if further exploration will result in the targets at these two projects being delineated as a mineral resource.
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 "target", "expansion", "planning", "indicates", "potential", "will" and similar expressions. Information concerning mineral resource estimates and the interpretation of drill, metallurgical testing and other exploration results may also be considered forward-looking statements as such information constitutes a prediction of what mineralization might be found to be present if and when a mining project is actually developed. These forward-looking statements are based on current expectations and entail various risks and uncertainties.
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