Bison Gold samples 313.4 g/t Au at Manitoba property

2011-09-15 14:35 ET - News Release

Mr. Lucas Ewart reports

BISON GOLD RESOURCES INC. PROVIDES EXPLORATION UPDATE AND GRANTS STOCK OPTIONS

Bison Gold Resources Inc. has completed a total of 31 holes on its central Manitoba property, and is currently awaiting 1,050 assay results from drill holes OG-11-15 through to OG-11-28. Drill holes OG-11-16 through to OG-11-28 were designed to test near-surface gold mineralization discovered by Bison Gold staff this past summer and gold-in-soil geochemical anomalies.

Surface exploration will continue on the property throughout the fall. A 29-line-kilometre grid is near completion on the Eldorado zone, where extensive geological mapping, trenching and channel sampling have been continuing since June. The Eldorado zone, a quartz-vein-hosted gold-bearing structure, has been followed and traced for greater than one kilometre, and additional en echelon gold-bearing structures have been identified. Bison Gold plans to conduct a surface-based VLF-EM and magnetometer survey on the Eldorado grid to further aid in targeting for diamond drilling after freeze-up this fall.

The accompanying table outlines the highlights of the 516 assay results received to date from surface exploration (also see press release dated July 8, 2011).

    HIGHLIGHTS OF GRAB SAMPLE RESULTS

Sample                                Au
                                    (g/t)

490621                             64.23
490604                             41.67
490617                             40.91
490609                             23.80
490625                             11.83
490707                             10.15
420416                            313.40
420708                             75.96
420219                             64.44
420777                             57.99
420383                             39.06
420727                             30.38
420404                             22.67
420536                             16.91
420436                             11.56
420403                             10.46 

"To date, we have identified and outlined 10 additional near-surface gold-bearing structures within one kilometre of the Ogama mine workings that will be drill tested this fall and winter," stated Lucas Ewart, president and chief executive officer of Bison Gold.

Quality assurance/quality control

Drill core was sawed, with one-half sent to TSL Labs in Saskatoon, Sask., and the other half retained for reference. Most gold analyses were done using 50-gram fire assay with AA finish. A gravimetric finish is employed where samples return gold values in excess of 3,000 parts per billion. 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 staff in to the sample series at the company's core processing facility. All rock samples from surface exploration follow the same rigorous protocols. A representative sample for each sample sent for assay is collected in the field and stored at Bison Gold's core processing facility.

All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, PGeo, a qualified person under National Instrument 43-101. Mr. Benson has reviewed the technical portions of this news release. Scott Snider, BSc, exploration manager, and Lori Stewart, MSc, GIT, supervise field operations and database management.

In addition, the company is pleased to announce that, under the company's stock option plan, the board of directors of Bison Gold granted to directors, officers and employees of the company incentive stock options to purchase a total of 950,000 common shares of the company at an exercise price of 20 cents per share expiring Sept. 6, 2016. The incentive stock options are subject to acceptance by the TSX Venture Exchange. The number of shares reserved for issuance under the plan is 6,806,148, of which 5,902,501 have been granted under the plan.

We seek Safe Harbor.