Bison Gold, through geological and structural mapping, sampling and channel cutting have identified numerous gold mineralized structures within the Ogama-Rockland mineralized corridor that has been drill-tested and proven to persist at depth. And have identified new zones that have not been drill-tested. As well, Bison Gold has established significant surface mineralization at zones outside of the Ogama-Rockland corridor, namely the shafts near Eldorado, Walton, Growler, Kitchener, Gold Hill, Valley and Hope as well as unnamed new showings.
In 2012, Bison, along with the University of Waterloo and the Manitoba Geological Survey, initiated a multi-year metallogenic and structural study on the southwest portion of the Rice Lake Greenstone Belt/Ross River Pluton (host rock of the Ogama-Rockland trend). The study is led by Dr. Shoufa Lin and the results will be incorporated in to a doctoral thesis candidate Xiaohui Zhou as well as the Manitoba Geological Survey's Annual Reports of Activities.
Geophysical Surveys and LiDAR
In 2011, due to recent successful usages in the Rice Lake Greenstone Belt, Bison Gold deployed a high resolution laser mapping survey (LiDAR) and orthophotography of the CM Property. The results of the survey aided greatly in tracking mineralized structures across the CM Property and have generated numerous new targets to be followed up in future exploration work.
In 2012, Bison Gold deployed a test surface magnetometer survey across the Eldorado mineralized zone in an attempt to map the Eldorado mineralized structure where it is not exposed at surface. The results were very encouraging as they showed that the Eldorado zone has a potential mineralized strike length in excess of 1 km.
In 2011, Bison Gold staked mineral claims across the remaining unclaimed portion of the Ross River Pluton. It was determined that the Ross River Pluton (host rock for Ogama-Rockland trend, Eldorado, Valley and Gold Hill showings) had significant potential to host high grade gold deposits. Bison Gold staked 66 mineral claims totalling 14,629 hectares.
NI 43-101 Technical Report
In 2009, Bison Gold filed a NI 43-101 technical report pertaining to its CM Property on Sedar. The Company has since commissioned Watts, Griffis and McQuat to complete an updated report that incorporates exploration data, of over 16,152 assays that were tested at TSL labs in Saskatoon, SK from its 2009 - 2012 exploration activities.
Drill core was sawed, with half sent to TSL Labs and the other half retained for reference. Most gold analyses were completed using 50g fire assay with AA finish. A gravimetric finish is employed where samples return gold values in excess of 3000 ppb. Screen metallics techniques were used on samples with visible gold. TSL maintains a strict quality control program with standards, blanks and duplicates included with every sample series. Standards and blanks are inserted regularly by Bison Gold personnel in to the sample series at their on-site core processing facility.
All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has reviewed the technical portions of this news release.
About Bison Gold
Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold exploration with property assets in Manitoba, Canada. The flagship property, Central Manitoba, is historically the second largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s Rice Lake Mining Operations. Further details can be found on Bison Gold's website at www.bisongold.com.
We seek safe harbour. This news release contains forward-looking statements regarding the timing and content of upcoming programs and may be subject to regulatory approval. Actual results may differ materially from those currently anticipated in such statements. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Bison undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Bison Gold Resources Inc.
Mr. Amir Mousavi
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