TSX Mining Stock Alert: Bison Gold Resources Inc. (TSXV: BGE) Announces 2014 Exploration Program for Ogama-Rockland Gold Deposit
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Toronto, Ontario - (Newsfile Corp. - April 8, 2014) (www.investorideas.com newswire) Bison Gold Resources Inc. (TSXV: BGE) ("Bison Gold" or the "Company") announces the 2014 exploration program for its Central Manitoba Property located in southeastern Manitoba.
Through surface exploration the Company will continue development of its 100% owned Ogama-Rockland Gold Deposit. The Ogama-Rockland deposit is known for its recently published Maiden Mineral Resource Estimate. The estimate was classified as an inferred mineral resource and totals 1.28 million tonnes with a grade of 8.17 g/t Au for 337,000 ounces of contained gold at a cut-off grade of 2.50 g/t Au. The Mineral Resource Estimate and Report was prepared in compliance with National Instrument 43-101 requirements.
"The Mineral Resource Estimate for the Ogama-Rockland Deposit was only the first stage in the development of the property and demonstrated the high grade nature of its near surface gold mineralization" stated Amir Mousavi, CEO of Bison Gold. "Surface prospecting, stripping, trenching, channel sampling and geological mapping of additional near-surface high-priority targets identified by the technical team and incorporated in to the 43-101 report are the next steps in discovering additional mineralized structures on the Property." The 43-101 Mineral Resource and Technical Review was published on November 15, 2013 and is available on the Company website at http://bisongold.com/43-101.htm.
An application for additional finances through the Mineral Exploration Assistance Program (MEAP) has been submitted to the Manitoba provincial government. The Company's exploration program, pending permits approvals will commence over the summer/fall of 2014.
All exploration activities for Bison Gold are under the supervision and guidance of Director David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has reviewed and approved 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 Gold 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.
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