News from a neighbor - Bison news
posted on
Jul 22, 2010 11:25AM
The company is now known as FUSE Cobalt.
Thursday, July 22, 2010
Easting Northing NAD83 NAD83 Sample(1) Type ZONE 15U ZONE 15U Au g/t Zone Comments Visible gold; strong potassic and fuchsite alteration in qtz 392045 Grab 331135 5641636 162.60 Eldorado vein Visible gold; strong potassic and fuchsite alteration in qtz 392043 Grab 331135 5641636 47.38 Eldorado vein Strongly altered and mineralized black qtz 392006 Grab 335013 5641794 83.92 Growler vein Strongly sheared and potassic-altered 392057 Grab 333723 5641663 61.28 Rex/Walton porphyry Strongly sheared and potassic-altered 392053 Grab 333723 5641663 13.41 Rex/Walton porphyry Sheared Porphyry; 392064 Grab 333733 5641649 11.49 Rex/Walton minor qtz veining Qtz vein; potassic 390610 Grab 335477 5641634 16.84 Kitchener alteration Qtz vein; potassic 390620 Grab 335482 5641631 15.45 Kitchener alteration (1) Grab samples are selective by nature and the results are unlikely to represent average grades on the property.
"We are extremely encouraged by the early results from our summer field program on the Central Manitoba Property," stated David Benson P.Geo, V.P. Exploration for Bison Gold. "The emerging geological model for the Property clearly suggests a similar style and character to the gold-bearing structures as San Gold Corp.'s Rice Lake property. Further work employing modern exploration techniques is warranted for the entire Property, in particular the Eldorado and Rex/Walton zones." Planning for follow-up exploration phases has commenced and will likely include an airborne LIDAR survey; establishment of exploration grids; multi-media geochemistry; surface IP/resistivity and magnetic surveys and diamond drilling.
The summer 2010 surface field program is designed to re-evaluate and characterize past-producing gold-bearing structures and identify possible new gold-bearing structures through a variety of exploration techniques and methodology. The results presented here represent the initial results from the re-evaluation and characterization of the Eldorado, Walton and the western portion of the past-producing Central Manitoba Mine (Growler and Kitchener zones).
The Eldorado zone is located in the westernmost portion of the Central Manitoba Property approximately 6 km west of the past-producing Central Manitoba Mine. The Eldorado zone is a 1220 m long shear in quartz diorite of the Ross River Pluton; the same rock unit that hosts the Ogama-Rockland zone approximately 2 km to the southeast. Historically development of the Eldorado zone included numerous pits and trenches, as well as two shafts. Shaft No. 1 was sunk to 159 m with levels at 38-, 76-, 114- and 153 m. A total of 1336 m of drifting and 92 m of crosscutting were completed but operations ceased at the end of 1928. Shaft No. 2, approximately 800 m to the northwest was sunk to a depth of 16.8 m. Commercial production was never attained from the Eldorado shafts. Visible gold was identified and sampled by Bison Gold field personnel from a quartz vein exposed in a historical trench adjacent Shaft No. 1.
The Rex/Walton zone is located in the west-central portion of the Property, approximately 2 km west of the past-producing Central Manitoba Mine. The zone is situated with a zone of sheared and fractured quartz diorite and has been traced at intervals over a distance of approximately 336 m. Originally staked in 1925, the area has been subject of numerous pits and trenches, limited diamond drilling and the sinking of a 40 m shaft to 1946. Little significant exploration or development has occurred since this date with the exception of a multi-media geochemical sampling program conducted by Placer Dome in 2003. Commercial production was never attained from the Rex/Walton shaft. Rock chip samples were collected by Bison Gold personnel in mineralized shear zones along the extent of the known mineralization.
The Growler and Kitchener zones comprise the western and most prolific portion of the past-producing Central Manitoba Mine. The Central Manitoba Mine comprised five shafts in total and produced approximately 160,000 ounces of gold between 1927 and 1937. Bison Gold personnel collected samples from mineralized quartz veins exposed by trenching in the vicinity of both the Growler and Kitchener shafts.
QA/QC
Rock samples are placed, marked for identification and sealed in plastic bags at the sample location in the field. They are then organized at the company's facility in Bissett, MB and shipped to TSL Labs in Saskatoon, SK. Gold analyses are done using a 50g fire assay with AA finish. A gravimetric finish is employed where assay values are in excess of 3000 ppb Au. 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. As well, standards and blanks are inserted regularly by Bison Gold personnel in to the sample series.
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, base metal and rare element exploration with property assets in Canada. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bison Gold Resources Inc. Mr. Lucas Ewart CEO (416) 488-2590