TORONTO, Nov. 14, 2008 (Canada NewsWire via COMTEX) ----Northern Financial Corporation ("Northern") (TSX: NFC) announced that it acquired today an additional 308,500 common shares of High Desert Gold Corporation ("HDG"; TSX: HDG) representing approximately 0.75% of the total issued common shares of HDG. The HDG shares were acquired on the Toronto Stock Exchange for investment purposes. The highest price paid per HDG share was $0.20 and the average price paid per HDG share was $0.193. Combined with the HDG shares previously owned, Northern now owns a total of 8,807,400HDG shares, representing approximately 21.5% of the total issued HDG shares, based on the number of issued and outstanding HDG shares disclosed in HDG's press release on November 3, 2008.
Northern commenced an offer to acquire all of the HDG shares on October 30, 2008 (the "Offer"). Copies of the Offer documents are available on SEDAR at www.sedar.com.
During the currency of the Offer, Northern has acquired an aggregate of 1,512,500 HDG shares on the Toronto Stock Exchange at an average price per HDG share of $0.182.
About Northern Financial Corporation
Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies. Northern's head office is at 145 King Street West, Toronto, Ontario.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Northern's control which may cause actual results, performances
or achievements of Northern to be materially different from those implied by such forward looking statements.
This press release does not constitute an offer to purchase shares of HDG. Such an offer can only be made through an offer to purchase and circular filed with applicable securities regulatory authorities. Northern urges shareholders of HDG to read the Offer documents which are available on www.sedar.com as they contain important information.
SOURCE: Northern Financial Corporation
Vic Alboini, Chairman & Chief Executive Officer, (416) 644-8110; or Kyler Wells, General Counsel, (416) 644-8177
Showing posts with label High Desert Gold. Show all posts
Showing posts with label High Desert Gold. Show all posts
Friday, November 14, 2008
Friday, September 26, 2008
High Desert Gold's Update on Bluebird Copper-Silver Project Drill Program
VANCOUVER, BRITISH COLUMBIA, Sep 26, 2008 (MARKET WIRE via COMTEX) -- High Desert Gold Corporation ("HDG" or the "Company") is pleased to announce that it is drilling the sixth diamond drill hole at the Bluebird copper-silver property in western Montana. The initial plan is to drill 850 metres in order to test the continuity of copper and silver mineralization which was previously identified by drilling conducted by Anaconda Copper Company ("Anaconda") as reported in HDG PR08-12, August 11, 2008.
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy. The initial drilling program at Bluebird will consist of a total of 7 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
All holes drilled to date include intervals of observable copper mineralization. The longest visual interval of copper mineralization is seen in hole 1 which includes a 27.5 metre interval from 128 to 155.5 metres. This copper mineralization includes visible chrysocolla, malachite and chalcocite. The prior drill hole in this area drilled by Anaconda averaged 0.88% copper and 9.3 gpt silver over 29 metres including 10.4 metres averaging 1.68% copper and 22.7 gpt silver. (HDG PR08-12, August 11, 2008). The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with current standards, therefore may not be reliable and HDG is not relying on these results.
Five holes have been drilled in the area of previous drilling and are testing approximately 1,100 metres of strike. A second new area will also be tested with two drill holes which is located 3 kilometres to the north along the strike of the mineralized horizon. The second area has similar surface geochemistry to the area of past drilling.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Bluebird property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
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 soil samples and drill results also 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. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore these results may not be reliable and HDG is not relying on these results. 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.
Contacts:
High Desert Gold Corporation
Richard Doran
Executive Vice President, Investor Relations
(303) 584-0606
(303) 758-2063 (FAX)
Email: rdoran@highdesertgoldcorp.com
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy. The initial drilling program at Bluebird will consist of a total of 7 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
All holes drilled to date include intervals of observable copper mineralization. The longest visual interval of copper mineralization is seen in hole 1 which includes a 27.5 metre interval from 128 to 155.5 metres. This copper mineralization includes visible chrysocolla, malachite and chalcocite. The prior drill hole in this area drilled by Anaconda averaged 0.88% copper and 9.3 gpt silver over 29 metres including 10.4 metres averaging 1.68% copper and 22.7 gpt silver. (HDG PR08-12, August 11, 2008). The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with current standards, therefore may not be reliable and HDG is not relying on these results.
Five holes have been drilled in the area of previous drilling and are testing approximately 1,100 metres of strike. A second new area will also be tested with two drill holes which is located 3 kilometres to the north along the strike of the mineralized horizon. The second area has similar surface geochemistry to the area of past drilling.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Bluebird property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
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 soil samples and drill results also 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. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore these results may not be reliable and HDG is not relying on these results. 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.
Contacts:
High Desert Gold Corporation
Richard Doran
Executive Vice President, Investor Relations
(303) 584-0606
(303) 758-2063 (FAX)
Email: rdoran@highdesertgoldcorp.com
Monday, August 11, 2008
High Desert Gold Plans to Drill the Bluebird Copper-Silver Property
VANCOUVER, BRITISH COLUMBIA, Aug 11, 2008 (MARKET WIRE via COMTEX) -- High Desert Gold Corporation has awarded a drill contract to begin drilling on its Bluebird copper-silver property in western Montana. The 850 metre drilling program is scheduled to start in late August and is designed to test the continuity of the copper and silver mineralization which has been previously identified by drilling.
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy.
The property was originally drilled by Anaconda Copper Company ("Anaconda") between 1979 and 1982. Partial information from this earlier drilling was obtained from the Anaconda collection files housed in Laramie, Wyoming. Reports state the results for two of the holes as: 29 metres at 0.88% Cu and 9.3 g/t Ag, including 10.4 metres at 1.68% Cu and 22.7 g/t Ag within diamond drill hole 1, and 19.8 metres at 0.34% Cu and 7.1 g/t Ag, including 6.1 meters at 0.76% Cu and 19.6 g/t Ag within diamond drill hole 2. Both of these holes were drilled in 1979 and are the only two holes for which there are complete results. The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with the current standards, therefore may not be reliable and HDG is not relying on these results.
The host rocks are a series of sandstones which are similar to the mineralized beds within the Spar Lake deposits in western Montana. High-grade, primary mineralization consists of chalcocite within the matrix of the sandstone host rock. Secondary mineralization seen on surface consists of chrysocolla, malachite, and turquoise. Several deposits of this type are found in western Montana. They include the following: Spar Lake, Montanore and Rock Creek, all of which have reserves in the 50-100 million tonne range and copper grades in the 0.6-0.8 % range and contain up to two ounces of silver per tonne.
HDG collected 343 soil samples to geochemically define the trace of the host stratigraphy. The results of this work outline a mineralized strike length of 17,700 feet (5,400 metres) with copper values ranging up to 0.06% Cu within the soil. By accurately defining the trace of the mineralized stratigraphy the Company determined that most of the holes drilled by Anaconda would not have intersected the host unit as interpreted by HDG. This work also determined that there are areas showing significant copper values within the soils where no past drilling occurred.
This initial drilling program will consist of a total of 6 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Gold Lake property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
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 soil samples and drill results also 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. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore may not be reliable and HDG is not relying on these results. 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.
Contacts:
High Desert Gold Corporation
Richard Doran
Executive Vice President, Investor Relations
(303) 584-0606
(303) 758-2063 (FAX)
Email: rdoran@highdesertgoldcorp.com
SOURCE: High Desert Gold Corporation mailto:rdoran@highdesertgoldcorp.com
Copyright 2008 Market Wire, All rights reserved.
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy.
The property was originally drilled by Anaconda Copper Company ("Anaconda") between 1979 and 1982. Partial information from this earlier drilling was obtained from the Anaconda collection files housed in Laramie, Wyoming. Reports state the results for two of the holes as: 29 metres at 0.88% Cu and 9.3 g/t Ag, including 10.4 metres at 1.68% Cu and 22.7 g/t Ag within diamond drill hole 1, and 19.8 metres at 0.34% Cu and 7.1 g/t Ag, including 6.1 meters at 0.76% Cu and 19.6 g/t Ag within diamond drill hole 2. Both of these holes were drilled in 1979 and are the only two holes for which there are complete results. The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with the current standards, therefore may not be reliable and HDG is not relying on these results.
The host rocks are a series of sandstones which are similar to the mineralized beds within the Spar Lake deposits in western Montana. High-grade, primary mineralization consists of chalcocite within the matrix of the sandstone host rock. Secondary mineralization seen on surface consists of chrysocolla, malachite, and turquoise. Several deposits of this type are found in western Montana. They include the following: Spar Lake, Montanore and Rock Creek, all of which have reserves in the 50-100 million tonne range and copper grades in the 0.6-0.8 % range and contain up to two ounces of silver per tonne.
HDG collected 343 soil samples to geochemically define the trace of the host stratigraphy. The results of this work outline a mineralized strike length of 17,700 feet (5,400 metres) with copper values ranging up to 0.06% Cu within the soil. By accurately defining the trace of the mineralized stratigraphy the Company determined that most of the holes drilled by Anaconda would not have intersected the host unit as interpreted by HDG. This work also determined that there are areas showing significant copper values within the soils where no past drilling occurred.
This initial drilling program will consist of a total of 6 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Gold Lake property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
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 soil samples and drill results also 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. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore may not be reliable and HDG is not relying on these results. 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.
Contacts:
High Desert Gold Corporation
Richard Doran
Executive Vice President, Investor Relations
(303) 584-0606
(303) 758-2063 (FAX)
Email: rdoran@highdesertgoldcorp.com
SOURCE: High Desert Gold Corporation mailto:rdoran@highdesertgoldcorp.com
Copyright 2008 Market Wire, All rights reserved.
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