2012 Press Releases

December 17, 2012 13:55 ET

Bison Gold Resources Inc. Announces Private Placement and Change to its Board of Directors

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce the closing of a non-brokered private placement of $844,200 (the "Financing"). The Company has issued 12,600,000 units ("Units") at $0.05 per Unit for proceeds of $630,000 and 3,060,000 common shares were issued on a flow-through basis at $0.07 per share for proceeds of $214,200. Each Unit consists of one common share and one half of one common share purchase warrant (a "Warrant"). Each Warrant is exercisable at $0.125 per share expiring December 14, 2014.

The Financing is subject to final approval from the TSX Venture Exchange. All common shares issued will be subject to a four-month hold period ending April 14, 2013. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba and general working capital. The Company also announces that Mr. Borys Chabursky has resigned from the Board of Directors of the Company. Amir Mousavi, CEO added, "We thank Mr. Borys Chabursky for his contributions during his tenure as a member of the Company's Board of Directors and we look forward to working with him in an advisory capacity in the future."


November 05, 2012 10:07 ET

Bison Gold Resources Inc. Announces CEO, Corporate Secretary and Composition of its Audit Committee

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) announces that it has appointed Amir Mousavi as Chief Executive Officer of the Company. Mr. Mousavi has been with Bison Gold since 2010, and has previously carried out the roles of Chief Financial Officer and VP Corporate Development for the Company.

"We are pleased with Mr. Mousavi's appointment and believe he is the ideal person to lead Bison forward and to capitalize on the Company's compelling growth opportunities", said Dale Dunlop, Chairman and Director of Bison Gold. "In addition to his deep investor relationships, operational expertise and extensive experience in managing profitable small business enterprises, Mr. Mousavi has been instrumental in raising capital, and restructuring the Company's management".

The Company also announces that Chris Carmichael, Mark Robinson and Dale Dunlop have been appointed as members of the Audit Committee of the Company. Chris Carmichael, the Company's CFO, has also accepted the role of Corporate Secretary.


November 02, 2012 16:39 ET

Bison Gold Resources Inc. Announces Resolution of the Composition of Its Board of Directors

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) announces that the Board of Directors of the Company and the dissident shareholder, Amir Mousavi, have come to a resolution on the composition of the members of the Board of Directors. Amir Mousavi, Dale Dunlop, Dave Benson, Chris Carmichael, and Mark Robinson have been appointed to the Board of Directors of the Company. Borys Chabursky will remain as a member of the Board of Directors. Robert Power, Ian Campbell, Gene McLean and Gordon Tainton have chosen to resign from the Board of Directors. Julie Lassonde resigned on October 25, 2012.

The Company has not had a Chief Executive Officer since June 2012. The new Board of Directors will advise on the progress of selecting a CEO in the coming days. Chris Carmichael, who resigned as CFO on October 5, 2012 has agreed to rescind his resignation and will remain as the CFO of the Company.b

The new Board of Directors looks forward to updating shareholders on the progress of the Company in the coming weeks.


October 24, 2012 08:58 ET

Bison Gold Announces Ruling on AGM Litigation

TORONTO, ONTARIO--(Marketwire - Oct. 24, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) announced today that the Ontario Superior Court of Justice ruled on the application by Mr. Mousavi regarding the decision of the Chair at the Bison AGM. At the AGM, the Chair disallowed certain proxies to be voted that appointed Mr. Mousavi as a proxy holder.

The Court found that Mr. Mousavi would normally not be able to vote the disputed proxies in the way that Mr. Mousavi intended to do at the AGM. In these circumstances, the decision of the Chair to disallow the proxy's voted by Mr. Mousavi was correct. However, for other reasons, the Court held that Mr. Mousavi had the ability to vote the disallowed proxies.

The Company has been advised that the ruling of the Court should be appealed, and is considering the merits of an appeal. The Company has 30 days to appeal the decision of the Court.


October 23, 2012 11:44 ET

Court Declares Dissident Slate of Directors Elected as the Board of Bison Gold Resources Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 23, 2012) - Amir Mousavi announces that the Ontario Superior Court of Justice has released an endorsement declaring that Amir Mousavi, as the named proxy for 26,158,938 shares of Bison Gold Resources Inc. ("Bison Gold") that were disallowed at the annual and special meeting of the shareholders held on June 26, 2012 (the "Meeting"), was entitled to exercise his discretion to vote those shares in favour of the slate of directors nominated by Mr. Mousavi at the Meeting. The endorsement also stated that Mr. Mousavi was entitled to an order that the dissident group's slate of directors, consisting of Amir Mousavi, Dave Benson, Dale Dunlop, Remo DiFronzo, Peter Funk and Chris Berlet, was elected at the Meeting.

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.


October 23, 2012 11:44 ET

Court Declares Dissident Slate of Directors Elected as the Board of Bison Gold Resources Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 23, 2012) - Amir Mousavi announces that the Ontario Superior Court of Justice has released an endorsement declaring that Amir Mousavi, as the named proxy for 26,158,938 shares of Bison Gold Resources Inc. ("Bison Gold") that were disallowed at the annual and special meeting of the shareholders held on June 26, 2012 (the "Meeting"), was entitled to exercise his discretion to vote those shares in favour of the slate of directors nominated by Mr. Mousavi at the Meeting. The endorsement also stated that Mr. Mousavi was entitled to an order that the dissident group's slate of directors, consisting of Amir Mousavi, Dave Benson, Dale Dunlop, Remo DiFronzo, Peter Funk and Chris Berlet, was elected at the Meeting.

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.


August 30, 2012 16:30 ET

Bison Gold Resources Inc. Exploration Update: Drilling Intersects Near Surface Gold Mineralization: 29.38 Metres of 3.05 g/t Gold in Drill Hole OG-12-32.

TORONTO, ONTARIO--(Marketwire - Aug. 30, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from the completed drilling program on the Ogama Structural Corridor from the company's Central Manitoba Property.

Bison previously released results from the first nineteen holes of this drilling program in press releases dated March 12th, April 3rd, April 30th and May 24, 2012. This release details results from the remaining drill holes on the program (OG-12-25 to OG-12-32). These eight holes targeted all known mineralized structures to date. Gold mineralization was intersected within each targeted zone and several new gold mineralized structures were identified.

Drill hole OG-12-34 targeted Ogama vein 4 near surface and cut 3.05 g/t Au over a drill core width of 29.38 metres (including 25.69 g/t Au over 2.96 metres) at a vertical depth of approximately 10 to 30 metres. "This intersection is significant in the fact that Ogama Vein #4 is present near surface with substantial grade and width," remarked David Benson, Qualified Person for Bison Gold.

Other significant intersections noted from the results herein were the intersections of the 420 zone in both drill holes OG-12-25 and OG-12-28. Both of these holes intersected the 420 zone at approximately 500 metres vertical depth and 50 metres away from one another. OG-12-25 cut 7.71 metres of 4.24 g/t gold; OG-12-28 cut 5.92 metres of 13.02 g/t gold. Drilling has identified that the 420 zone now extends a minimum 500 metres below surface; has a minimum strike length of 75 metres and the structure contains gold mineralization of substantial grade and width.

The remaining drill holes reported here each targeted multiple zones within the Ogama Structural Corridor extending east and west along strike from the Ogama mine workings. These remaining holes intersected the targeted horizons with minimum anticipated results as well as cutting additional anomalous zones not previously identified or reported adjacent to the targets. Please refer to the table below for drill intersections from drill holes OG-12-25 through OG-12-32.

Hole

From (m)

To (m)

Width (m)

Au g/t

Zone

OG-12-32

12.72

42.10

29.38

3.05

VEIN#4

including

19.04

22.00

2.96

25.69

VEIN#4

including

33.00

37.05

4.05

2.70

VEIN#4

OG-12-32

68.30

69.80

1.50

4.46

FW(NEW)

OG-12-31

153.20

161.30

8.10

0.53

VEIN#4

OG-12-30

312.91

313.50

0.59

1.67

VEIN#4

OG-12-29

203.45

204.00

0.55

8.02

Ondandago

OG-12-29

83.50

92.88

9.38

0.36

VEIN#4

OG-12-28

671.68

677.60

5.92

13.02

420 ZONE

including

673.00

674.50

1.50

49.79

420 ZONE

OG-12-28

509.00

513.50

4.50

2.05

FW(NEW)

OG-12-28

585.50

604.00

18.50

0.39

FW(NEW)

OG-12-28

15.10

20.00

4.90

3.52

HW2

OG-12-27

75.98

78.45

2.47

9.95

HW4(NEW)

OG-12-27

82.80

85.20

2.40

1.17

HW4(NEW)

OG-12-27

123.15

127.85

4.70

1.10

HW3

OG-12-27

239.33

244.00

4.67

0.50

HW2

OG-12-27

394.00

395.50

1.50

1.80

HW1

OG-12-27

594.00

595.00

1.00

1.33

VEIN#1

OG-12-27

614.25

615.50

1.25

1.56

VEIN#4

OG-12-26

151.33

152.09

0.76

1.90

HW3

OG-12-26

216.71

217.32

0.61

1.20

HW2

OG-12-26

267.87

271.90

4.03

1.66

HW1

OG-12-26

357.92

358.85

0.93

1.90

VEIN#1

OG-12-26

373.67

387.00

13.33

0.42

VEIN#4

OG-12-26

534.75

546.45

11.70

0.23

FW1

OG-12-26

564.40

565.40

1.00

1.63

FW2

OG-12-26

645.66

647.16

1.50

2.87

FW(NEW)

OG-12-25

38.37

38.66

0.29

1.63

HW3

OG-12-25

76.40

77.98

1.58

2.54

HW2

OG-12-25

196.86

204.43

7.57

0.44

HW1

OG-12-25

259.32

262.94

3.62

0.75

VEIN#1

OG-12-25

301.10

306.92

5.82

0.91

VEIN#4

OG-12-25

423.36

424.30

0.92

1.14

FW1

OG-12-25

486.20

488.32

2.12

0.48

FW2

OG-12-25

503.00

505.42

2.42

0.56

FW(NEW)

OG-12-25

614.34

615.64

1.30

0.68

FW(NEW)

OG-12-25

681.45

688.55

7.10

4.24

420 ZONE

including

683.63

685.84

2.21

13.28

420 ZONE

Width (m) is the length in drill core and does not represent true width of the mineralization. True width is estimated in all cases to be greater than 80% of drill core width.

Bison has now completed the drilling program. It consisted of 32 holes totalling 12,043 metres. The company is currently incorporating all the results in to the geological model for the Ogama Structural Corridor and a further drilling program is being planned.

QA/QC

Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other half retained for reference. Most gold analyses were done 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.


August 02, 2012 16:30 ET

Bison Gold Resources Inc. Announces Appointment of Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Aug. 2, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) today announced the appointment of Mr. Chris Carmichael as Chief Financial Officer of the Company. Mr. Carmichael is a Certified General Accountant and was the CFO of Bison Gold from 2007 to 2011.


July 05, 2012 09:03 ET

Litigation Commenced Against Bison Gold Over AGM Results

TORONTO, ONTARIO--(Marketwire - July 5, 2012) - Bison Gold Resources Inc. ("Bison" or the "Company") (TSX Venture:BGE) announced today that the Company's Chief Financial Officer and V.P. Corporate Development, Amir Mousavi, commenced litigation against Bison to dispute the results of the Company's AGM held on June 26, 2012.

On June 18, 2012 and subsequent to the filing and mailing of the Company's management information circular, Mr. Mousavi along with two others filed and mailed a dissident proxy circular in an effort to elect a new slate of directors. Prior to the AGM, approximately 26 million management proxies were received (the "Blank Proxies") appointing Mr. Mousavi as proxy holder where the shareholders who delivered such proxies did not indicate how they wished the proxy to be voted. At the meeting, the Chair ruled that the Blank Proxies could not be voted one way or the other on matters that came before the meeting.

At the time of the filing of the management information circular and the dissident proxy circular, Mr. Mousavi was and continues to be a member of Bison's management team and was listed on management's proxy as a management proxy holder. Blank Proxies where given by shareholders to Mr. Mousavi while he was a member of management and listed as a management proxy holder. If a shareholder provides a Blank Proxy to a management proxy holder, that proxy must be voted for the matters listed in the proxy. The Bison form of proxy clearly stated this in bold face type. However, at the AGM, Mr. Mousavi asserted that he had the right to vote the Blank Proxies to appoint himself and five other individuals to the board of directors in place of management's nominees.

At the AGM, the Chair ruled that it could not be fairly determined whether the Blank proxies held by Mr. Mousavi were provided to him as (a) a member of management, in which case those proxies should be voted in favour of the matters listed in the proxy; or (b) as a member of the dissident group, in which case Mr. Mousavi may have had the authority to vote the Blank Proxies at his discretion. At the meeting, the Chair noted that it was incumbent on the Chair to ensure that the shares represented by the Blank Proxies were voted in accordance with the will and intention of those shareholders who delivered the Blank Proxies. Given that Mr. Mousavi was a member of management and listed as a management proxy holder and was also soliciting proxies on behalf of the dissident group, the Chair ruled that it was impossible to fairly determine the will and intention of the shareholders who delivered the Blank Proxies. All dissident proxies received were voted for the dissident slate of directors.

The litigation brought by Mr. Mousavi seeks to overturn the ruling of the Chair. The Company will respond to the litigation and seek direction from the court as to the most effective method to fairly resolve this matter in a way that is in the best interests of all shareholders.

The Company wishes to note that all of the issues raised by Mr. Mousavi prior to his filing of the dissident circular had been resolved to the satisfaction of Mr. Mousavi through the investigations conducted by a special committee of independent directors.


July 03, 2012 14:43 ET

Bison Gold Resources Inc. Announces Management Change

TORONTO, ONTARIO--(Marketwire - July 3, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) announces that Lucas Ewart resigned as the Chief Executive Officer of Bison Gold. Mr. Ewart will stay on with Bison Gold in a limited advisory capacity to assist the Company in its business development and financing initiatives.

Following his resignation, Mr. Ewart stated "I have greatly enjoyed being part of the Bison Gold story. However, I feel that I have taken the Company as far as I can and believe that it is time for a new management team to step in. Looking back over my eight years as CEO, I'm extremely proud of the work we have accomplished."

Julie Lassonde, Bison Gold Board member, stated: "The board of directors sincerely appreciates the efforts of Mr. Ewart in developing the Company's initiatives to their current stage. Lucas remains a significant shareholder, and we look forward to working with Lucas and all Bison Gold shareholders as we move the Company to the next level of success."

The Company has already commenced a search for a new CEO and the Board of Directors will communicate with shareholders as the search progresses.


May 24, 2012 16:15 ET

Bison Gold Resources Inc. Exploration Update: 32.27 metres of 1.67 g/t gold in drill hole OG-12-22 and Announces Resignation of Director

TORONTO, ONTARIO--(Marketwire - May 24, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from the current drilling program on the Ogama Structural Corridor from the company's Central Manitoba Property.

Bison previously released results from the first nineteen holes of this drilling program in press releases dated March 12th, April 3rd and April 30th, 2012. This release details results from the next five drill holes on the program (OG-12-20 to OG-12-24). Drill hole OG-12-22 targeted Ogama veins 1 & 4 at depth below the intersections from OG-12-12 (see press release dated April 3, 2012). OG-12-22 cut 1.67 g/t Au over a drill core width of 32.27 metres (including 4.57 g/t Au over 8.70 metres) in Ogama Vein #1 and 2.89 g/t Au over 13.00 metres (including 11.98 g/t Au over 3.00 metres) at vertical depths of approximately 200 metres and 250 metres, respectively. All targets were intersected with a major intersection of 1.34 g/t gold over 49.5 metres in the 420 zone at a vertical depth averaging 230 metres. "These intersections are significant in the fact that there is now continuity along strike and at depth of the Ogama Vein #1 and #4 structures," remarked David Benson, VP Exploration and Qualified Person for Bison Gold.

Another significant intersection noted from the results herein was the intersection of the historical Onandago mine structure approximately 265 metres along strike to the southwest of the Ogama mine and 190 metres along strike to the northwest of the Onandago Shaft. Drill hole OG-12-24 cut 13.16 g/t Au over 2.00 metres in the Onandago structure. Historically, no significant production was reported from the Onandago mine shaft although historical reports did identify the high grade nature of the mineralization in the Onandago structure. Further drilling is planned to test the strike and depth extent of the Onandago structure and also to test the possibility that Ogama Vein #4 and the Onandago structure are one in the same.

The remaining drill holes reported here each targeted multiple zones within the Ogama Structural Corridor extending east along strike from the Ogama mine workings. These remaining holes intersected the targeted horizons with anticipated results as well as cutting additional anomalous zones not previously identified or reported adjacent to the targets. These are termed HW (hangingwall) and FW (footwall). Please refer to the table below for drill intersections from drill holes OG-12-20 through OG-12-24.

HOLE

From (m)

To (m)

Width (m)

Au g/t

Zone

OG-12-22 286.20 318.47 32.27 1.67 VEIN #1
including 287.80 296.50 8.70 4.57 VEIN #1
OG-12-22 351.00 364.00 13.00 2.89 VEIN #4
including 357.00 360.00 3.00 11.98 VEIN #4
OG-12-22 38.00 39.50 1.50 1.38 HW #2
OG-12-22 77.30 83.00 5.70 0.52 HW #1
OG-12-22 271.00 280.00 9.00 0.74 VEIN #1
OG-12-22 480.97 488.50 7.53 0.29 420 ZONE
OG-12-22 496.00 498.36 2.36 0.59 420 ZONE
OG-12-22 594.27 606.00 11.73 0.10 FW2
OG-12-24 212.00 214.00 2.00 13.16 Onandago
OG-12-24 89.82 94.29 4.47 0.15 VEIN #1
OG-12-24 160.00 164.50 4.50 0.49 VEIN #4
OG-12-23 23.00 27.50 4.50 0.38 HW #2
OG-12-23 176.00 190.06 14.06 0.21 VEIN #1
OG-12-23 310.16 311.50 1.34 0.71 Onandago
OG-12-21 162.00 164.00 2.00 0.64 VEIN #1
OG-12-21 199.00 202.00 3.00 0.43 VEIN #4
OG-12-21 206.50 208.00 1.50 0.41 VEIN #4
OG-12-20 160.03 165.15 5.12 0.41 VEIN #1
OG-12-20 258.50 263.00 4.50 0.18 FW1

Width (m) is the length in drill core and does not represent true width of the mineralization. True width is estimated in all cases to be greater than 80% of drill core width.

"The drilling to date has expanded the gold mineralization in the Ogama Structural Corridor to dimensions of 1000 metres by 450 metres with six (6) confirmed continuous lenses or horizons as well as numerous other significant structures which have either not been confirmed to be continuous or were confirmed to be closed," stated Lucas Ewart, President and CEO of Bison Gold.

To date, Bison has completed 28 holes in this program for 10,330 metres. The company is currently awaiting results from drill holes OG-12-25 through OG-12-28 and expects results from the assay lab by mid-June. Two drills are currently on-site and the drilling program is anticipated to be completed in June of 2012. The results from this drilling program will be incorporated in to the first NI 43-101 resource estimate on the Central Manitoba Property with an anticipated delivery date during the 3rd quarter of 2012.

QA/QC

Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other half retained for reference. Most gold analyses were done 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.

Bison Gold also announces the resignation of Mr. Jason Ewart from the Board of Directors of the Company effective May 24, 2012.

Mr. Jason Ewart is the President and CEO of GC Global Capital Corp. ("GC Global") a Canadian merchant bank that provides bridge loans to companies in various industry sectors. Mr. Jason Ewart served on Bison Gold's Board of Directors while the merchant bank extended a convertible bridge loan facility to the Company, which was fully repaid in December 2011

Mr. Lucas Ewart, President & CEO of Bison Gold stated, "We thank Mr. Jason Ewart for his contributions during his tenure as a members of the Company's Board of Directors, we wish him all the best in their future endeavors."



May 10, 2012 12:22 ET

Bison Gold Resources Inc. Announces Changes to its Board of Directors and Awards Stock Options

TORONTO, ONTARIO--(Marketwire - May 10, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce the appointment of Mr. Amir Mousavi to the Board of Directors of the Company. Mr. Mousavi replaces Mr. Borys Chabursky, of whom, effective May 10, 2012 has resigned from the Company's Board of Directors.

Mr. Mousavi currently holds the role of V.P. Corporate Development and Chief Financial Officer with Bison Gold Resources Inc. He has worked in the investment industry for both multi-national asset management companies and public TSX Venture companies since 1997 in the areas of accounting, sales management and marketing. Mr. Mousavi also has specific management experience with several small to mid capitalization companies in the mining and construction sectors assisting with financings, debt restructuring and corporate development.

Mr. Lucas Ewart, President & CEO of Bison Gold stated, "We are excited to add Mr. Mousavi to the Board and his continued dedication and enthusiasm to grow the Company" Mr. Ewart also added "We thank Mr. Borys Chabursky for his contributions during his tenure as a member of the Company's Board of Directors, we wish him all the best in his future endeavors."

In addition, the Company announces that under the Company's Stock Option Plan (the "Plan"), the Board of Directors of Bison Gold granted to Directors, Officers and a Consultant of the Company incentive stock options to purchase an aggregate of 100,000 common shares of the Company at an exercise price of $0.16 per share, 75,000 common shares at an exercise price of $0.35 per share and 425,000 common shares at an exercise price of $0.36 per share all expiring on May 10, 2017. The incentive stock options are subject to acceptance by the TSX Venture Exchange. The number of shares reserved for issuance under the Plan is 8,569,712 of which 5,419,167 have been granted under the Plan.


April 30, 2012 15:07 ET

Bison Gold Resources Inc. Exploration Update: Drilling Success Continues at Ogama-Rockland; Vein 4 Structure Proves to be Minimum 550 Meters Length

TORONTO, ONTARIO--(Marketwire - April 30, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from the current drilling program on the Ogama Structural Corridor from the company's Central Manitoba Property.

Bison released results from the first five holes of this drilling program on March 12, 2012 and from holes OG-12-06 to OG-12-12 on April 3, 2012. This release details results from the next seven drill holes on the program (OG-12-13 to OG-12-19). Drill hole OG-12-19 targeted Ogama veins 1 & 2 at depth below the intersections from OG-12-07 (see press release dated April 3, 2012). OG-12-19 cut 5.45 g/t Au over drill core width of 12.58 metres in Ogama Vein #4 approximately 550 metres west along strike from the historical Ogama mine shaft. All targets were intersected with a major intersection of 1.34 g/t gold over 49.5 metres in the 420 zone at a vertical depth averaging 230 metres. "This intersection is significant in the fact that there is now continuity along strike and at depth of the Ogama Vein #4 structure and it is highly likely that the Ogama Vein #4 structure and the historical Rockland Mine horizon are the same mineralized zone," remarked David Benson, VP Exploration and Qualified Person for Bison Gold.

The remaining drill holes reported here each targeted multiple zones within the Ogama Structural Corridor extending both east and west along strike from the Ogama mine workings. The exceptions, drill holes OG-12-16 and OG-12-17 targeted a new mineralized zone discovered during the 2011 surface mapping program and is a parallel zone to Ogama Veins #1 and #4 located approximately 225 metres southwest of the Ogama mine workings. The remaining holes intersected the targeted horizons with anticipated results as well as cutting additional anomalous zones not previously identified or reported adjacent to the targets. These are termed HW (hangingwall) and FW (footwall). Please refer to the table below for drill intersections from drill holes OG-12-13 through OG-12-19.

HOLE

From (m)

To (m)

Width (m)

Au g/t

Zone

OG-12-19 148.90 161.48 12.58 5.54 VEIN #4
including 148.90 151.16 2.26 11.43 VEIN #4
including 158.22 160.43 2.21 19.52 VEIN #4
OG-12-18 63.00 97.14 34.14 0.41 VEIN #1/#4
OG-12-17 31.00 34.00 3.00 0.65 FW2
OG-12-16 30.48 32.00 1.52 2.83 FW2
OG-12-15 13.16 20.67 7.51 1.25 HW
including 15.70 18.40 2.70 3.26 HW
OG-12-15 40.38 40.88 0.50 9.57 HW
OG-12-15 51.21 64.07 12.86 1.20 HW2
OG-12-15 226.24 227.63 1.39 1.88 VEIN #1
OG-12-15 316.53 317.70 1.17 0.78 VEIN #4
OG-12-15 337.30 337.64 0.34 1.38 VEIN #4
OG-12-15 349.55 349.91 0.36 7.24 VEIN #4
OG-12-14 77.00 85.00 8.00 1.24 HW
OG-12-14 104.62 104.87 0.25 6.76 VEIN #1
OG-12-14 110.13 114.40 4.27 2.30 VEIN #4
OG-12-14 376.00 379.00 3.00 0.42 FW

Width (m) is the length in drill core and does not represent true width of the mineralization. True width is estimated in all cases to be greater than 80% of drill core width.
N.S.V. = No significant values

To date, Bison has completed 26 holes in this program for 7,744 metres. The company is currently awaiting results from drill holes OG-12-20 through OG-12-26 and expects results from the assay lab within the next several weeks. Two drills are currently on-site and the 38-hole, 15,000 metre program is anticipated to be completed in June of 2012.

In conjunction with this summers drill program Bison management is also currently reviewing proposals from technical consulting companies for the purposes of publishing a NI 43-101 compliant resource estimate, targeted for this fall, 2012. "This is a very exciting milestone for Bison shareholders as we will soon become the 2nd largest gold resource in the Rice Lake Belt" said Lucas Ewart, President and CEO, Bison Gold. To date, the only other mining company to publish a resource in the Rice Lake Greenstone Belt is active gold producer San Gold Corporation.

QA/QC

Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other half retained for reference. Most gold analyses were done 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.


March 27, 2012 17:01 ET

Bison Gold Resources Inc. Announces Acquisition of the Ross River Gold Property

TORONTO, ONTARIO--(Marketwire - March 27, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce the acquisition of a major new project; the Ross River Gold Project.

After extensive due diligence over the past year, Bison Gold has acquired the Ross River Property based on strong geological similarities to Hammond Reef Style gold mineralization. The Hammond Reef Project, located in NW Ontario, Canada, currently has a global inferred resource of 530.6 MT @ 0.62 grams/tonne gold at a cut-off grade of 0.3 grams/tonne. This amounts to an inferred resource of 10.52 million ounces of gold.

(Source: http://www.osisko.com/en/properties/hammond-reef.html)

Bison Gold acquired, via claim staking, 14,615 hectares of highly prospective mineral claims within the Rice Lake Greenstone Belt. The new Project is centred on the Ross River Pluton (RRP), a relatively homogeneous body of quartz diorite to tonalite with local granodiorite and granite along with late cross-cutting feldspar porphyry dikes. The RRP has hosted several past-producing mines and exploration shafts including Bison Gold's Ogama, Rockland and Eldorado mines as well as Halfway Lake, Sept Norm and Pendennis. Bison Gold is currently conducting an extensive 15000 meter diamond drill exploration program in the Ogama-Rockland area of the RRP in what is now termed the Ogama Structural Corridor (see Press Release dated March 15, 2012).

This acquisition makes Bison Gold the largest individual mineral claim holder in the Rice Lake Greenstone Belt. By becoming the most dominant land holder in a prolific gold producing belt, management has added substantial accretive value for shareholders.

"We felt that the acquisition of the Ross River Project was the next natural step in the evolution of our company and of exploration in the Rice Lake Greenstone Belt," stated Lucas Ewart, President and CEO for Bison Gold. "We are excited about the acquisition of the Project as it gives our shareholders the chance to be part of potential new discoveries in a previously underexplored and overlooked terrane."

"The evolving model for gold mineralization on our Central Manitoba Property, particularly in the currently being drilled Ogama Structural Corridor, is that the Ross River Pluton has been subject to similar mineralization, geological and structural histories as the Marmion granitoid suite and structural zone, host rocks to the Hammond Reef deposits," stated David Benson, V.P. Exploration for Bison Gold. "We also feel at a very minimum that the new Project can host significant mesothermal lode gold deposits; the typical gold deposit type associated with the Rice Lake Greenstone Belt."

Bison intends to initiate the first phase of exploration on the Ross River Project immediately.

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.
|


March 12, 2012 12:23 ET

Bison Gold Resources Inc. Exploration Update: Drilling Continues to Confirm the Robustness of the Ogama Structural Corridor; New Mineralized Structures Identified

TORONTO, ONTARIO--(Marketwire - March 12, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from recent drilling on the Ogama Structural Corridor from the Company's Central Manitoba Property.

Diamond drilling commenced in late January and to date ten (10) holes have been completed; results from the first five (5) holes are presented herein. The 15,000 metre drilling program has been designed to test multiple individual mineralized structures within the Ogama Structural Corridor as well as test immediately adjacent targets identified by surface exploration programs in 2010-2011. Prior to this drilling campaign, Bison had identified five (5) gold-mineralized parallel to echelon structures within the Ogama Structural Corridor over an area of approximately 1,000 metres strike length by 300 metres width. These are, in stratigraphic order (south to north), Ogama Vein #4, Ogama Vein #1, HW1, HW2 and HW3. At the completion of this drilling program, Bison Gold will commence an initial global resource estimate for the Ogama Structural Corridor which will take each in to consideration underground and near surface open pit mining scenarios and combinations thereof. The Company anticipates completion date for the resource estimate to be prior to Q4 2012.

Due to the close proximity of each mineralized structure, the drilling program has been designed for each drill hole to intersect multiple structures. All drill holes reported herein intersected all targeted structures with varying grades and widths, typical of the style and occurrence of mineralization in the Ogama Structural Corridor. Please refer to the table below for drill intersections from the first five (5) holes.

HOLE

From (m)

To (m)

Width (m)

Au g/t

Zone

OG-12-01 79.00 95.15 16.15 1.20 Ogama Vein #1
including 83.30 86.20 2.90 4.70 Ogama Vein #1
OG-12-01 101.00 108.33 7.33 0.66 Ogama Vein #4
OG-12-02 17.25 25.70 8.45 1.30 HW1
including 17.25 20.30 3.05 2.20 HW1
OG-12-02 133.54 137.38 3.84 4.19 Ogama Vein #1
including 136.00 137.38 1.38 11.25 Ogama Vein #1
OG-12-02 173.77 182.66 8.89 0.42 Ogama Vein #4
OG-12-02 222.77 225.00 2.23 1.00 FW1
OG-12-03 18.87 25.23 6.36 0.22 HW2
OG-12-03 77.50 81.00 3.50 0.60 HW1
OG-12-03 227.54 231.07 3.53 0.62 Ogama Vein #1
OG-12-03 256.00 257.00 1.00 0.40 FW1
OG-12-04 14.45 35.05 21.05 0.62 Ogama Vein#1
OG-12-04 52.28 59.75 7.47 7.90 Ogama Vein #4
including 52.28 55.00 2.72 21.45 Ogama Vein #4
OG-12-05 109.00 112.00 3.00 2.62 Ogama Vein#1
OG-12-05 135.50 138.00 2.50 1.38 Ogama Vein #4
OG-12-05 185.90 189.90 3.00 0.74 FW1
OG-12-05 338.53 345.00 6.47 5.94 420 zone
including 338.53 342.20 3.67 10.26 420 zone

Width (m) is the length in drill core and does not represent true width of the mineralization. True width is estimated in all cases to be greater than 80% of drill core width.

Discussion of Results

Drill holes OG-12-01, -02 and -03 were designed to intersect the near surface, up-dip extensions of the mineralized structures immediately adjacent the historical mining operations and from drill hole OG-11-09, which cut 96.47 g/t Au over 3.82 metres core length at approximately 300 metres vertical depth (see Press release dated May 30, 2011). All 3 holes intersected their intended targets. Of particular note is the apparent increase in the width and consistency of grade of the mineralized envelope near surface.

Drill hole OG-12-04 was designed to intersect Ogama Vein #1 and Vein #4 near surface immediately adjacent the western extent of the historical mining operations. Both targets were intersected and proved the near surface continuity of each structure extending away from the historical Ogama mine.

Drill hole OG-12-05 was designed to intersect Ogama Veins #1 and #4 near surface and 50 metres to the west of OG-12-04. Additionally, the possible depth extension of a mineralized structure approximately 150 metres outside the limits of the current Ogama Structural Corridor identified during the 2011 surface exploration program was targeted. All targeted were structures were intersected. Of particular significance was the intersection of this new zone (tentatively termed the 420 zone); the drill hole cut 3.67 metres of 10.26 g/t Au at a vertical depth of 250 metres. This is the first drill hole to be drilled in to this structure.

"The significance of the intersection of the new zone in OG-12-05 cannot be understated," commented David Benson, V.P. Exploration for Bison Gold. "The grade and apparent width of the 420 zone is similar to that of the historical Ogama mine and represents a new discovery on the Central Manitoba Property." The 420 zone is currently open in all directions and Bison Gold has modified the drilling plan to further evaluate the extensions of the 420 zone.

"Overall we are very pleased with the early success of this drilling program," stated Lucas Ewart, President and CEO of Bison Gold. "These early results fall in line with our deposit model for the Ogama area and the discovery of the 420 zone far exceeds our initial expectations for this drilling program."

QA/QC

Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other half retained for reference. Most gold analyses were done 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.


March 05, 2012 17:40 ET

Bison Gold Resources Inc. Featured in March 3, 2012, Saturday Edition of the Winnipeg Free Press

TORONTO, ONTARIO--(Marketwire - March 5, 2012) - Bison Gold Resources Inc. (Bison Gold or the "Company") (TSX VENTURE:BGE) is pleased to announce that it has been highlighted in last Saturday's Edition of the Winnipeg Free Press. The article written by Martin Cash discusses the optimism in Manitoba's mining industry despite the Province's drop in global ranking as one of the best places to mine in the 2011/2012 Annual Survey of Mining Companies by Fraser Institute.

The following is a link to the full page article written by Martin Cash which can be found on the front page of last Saturday's Business Section of the Winnipeg Free Press:

As Bison Gold continues an ambitious exploration program in Rice Lake, Manitoba, it is earning more recognition amongst major newspapers, resource magazines and the investment community.


January 31, 2012 17:05 ET

Bison Gold Resources Inc. Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Jan. 31, 2012) - Bison Gold Resources Inc. (Bison Gold or the "Company") (TSX VENTURE:BGE) is pleased to announce that under the Company's Stock Option Plan (the "Plan"), the Board of Directors of Bison Gold granted to a Director of the Company incentive stock options to purchase an aggregate of 100,000 common shares of the Company at an exercise price of $0.17 per share expiring January 25, 2017. The incentive stock options are subject to acceptance by the TSX Venture Exchange. The number of shares reserved for issuance under the Plan is 8,569,712 of which 5,902,501 have been granted under the Plan.


January 09, 2012 14:42 ET

Bison Gold Resources Inc. Exploration Update: Drilling Commences. Review of Recent Exploration Reveals Strong Similarities to Nearby San Gold Corp. and Osisko Mining Corp. Hammond Reef Project

TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce the commencement of a 15,000 metre diamond drilling program on the Central Manitoba Property. The drilling program will focus on an identified high grade corridor in the immediate vicinity of the past-producing Ogama Mine as well as evaluating the potential that the Property could host Osisko Mining Corp. (TSX:OSK) "Hammond Reef" bulk tonnage gold mineralization. Results from the past years diamond drilling have been compiled with the past two years worth of surface exploration (geological mapping, lithogeochemical sampling, channel and trench sampling). Interpretation of the results indicates that the Ogama zone and the new HW Zones occur within a much larger gold-mineralized structural corridor. This drilling campaign will, in part, attempt to outline the limits of this corridor as well as define the high grade 'core' centred in the vicinity of the Ogama mine.

Over the past two years, Bison has collected and analyzed 8,417 drill core samples from 32 diamond drill holes and 1,733 grab, chip and channel samples from the Project area. The following tables re-state the highlights from the past two years drilling and surface exploration.

Table 1. Drill Intersect Highlights from Bison's Drilling 2009-2011. Refer to press releases dated July 7 and August 17, 2010; and February 11, February 24, May 30, July 8, August 24 and December 15, 2011.

  • OG-09-01, intersecting 36.54 g/tonne over 1.92 metres at a depth of 391 metres
  • OG-09-02, intersecting 21.00 g/tonne over 1.35 metres at a depth of 154 metres
  • OG-09-02, intersecting 26.48 g/tonne over 1.25 metres at a depth of 264 metres
  • OG-09-07, intersecting 34.99 g/tonne over 4.73 metres at a depth of 400 metres
  • OG-10-04, intersecting 37.10 g/tonne over 2.46 metres at a depth of 342 metres
  • OG-10-04, intersecting 27.30 g/tonne over 0.87 metres at a depth of 169 metres
  • OG-10-05, intersecting 5.30 g/tonne over 25.64 metres at a depth of 412 metres
  • OG-11-04, intersecting 2.15 g/tonne over 16.40 metres at a depth of 362 metres
  • OG-11-07, intersecting 15.14 g/tonne over 1.85 metres at a depth of 349 metres
  • OG-11-08, intersecting 206.0 g/tonne over 1.90 metres at a depth of 52 metres
  • OG-11-09, intersecting 96.47 g/tonne over 3.82 metres at a depth of 310 metres
  • OG-11-09, intersecting 15.56 g/tonne over 2.30 metres at a depth of 153 metres
  • OG-11-12, intersecting 0.20 g/tonne over 66.32 metres at a depth of 402 metres
  • OG-11-12, intersecting 25.60 g/tonne over 2.25 metres at a depth of 24 metres
  • OG-11-13, intersecting 37.61 g/tonne over 2.82 metres at a depth of 343 metres
  • OG-11-14, intersecting 19.86 g/tonne over 4.05 metres at a depth of 171 metres
  • OG-11-15, intersecting 1.02 g/tonne over 10.25 metres at a depth of 487 metres
  • OG-11-19, intersecting 9.08 g/tonne over 1.22 metres at a depth of 29 metres

Table 2. Chip sample composites from Bison's 2011 surface exploration channel sampling. Refer to press releases dated November 2 and December 15, 2011.

Channel Composite*

UTM E

UTM N

Width (m)

Au g/t

C-028 332028 5639538 1.09 19.25
C-024 332024 5639546 1.20 1.54
C-608 332608 5639603 1.30 2.29
C-755 332755 5639852 1.85 27.25
C-841 332841 5639524 0.90 26.18
* Chip composites within channel cut

Table 3. Highlights from lithogeochemical sampling (grab samples) from Bison's 2011 surface exploration program. Refer to the press release dated September 15, 2011.

Sample*

UTM E

UTM N

Au g/t

Zone

420416 332755 5639582 313.4 HW3
420708 332031 5639540 76.0 Ogama SW
420219 332265 5639412 64.4 Ogama S
420777 332404 5640421 58.0 Ogama N
420383 332034 5639537 39.1 Ogama SW
420727 331780 5640052 30.4 Rockland W
420404 332681 5639534 22.7 HW2
420536 332251 5639579 16.9 Ogama SW
420436 332786 5639563 11.6 HW3
420403 332681 5639534 10.5 HW2
* Grab Samples

"The results speak for themselves. Numerous and impressive high-grade gold mineralization is being discovered at less than 500 meters depth at the former past producing Ogama Mine site. These results are comparable to some of the best gold discoveries made in Rice Lake, Manitoba at similar grade, width and depth." said Lucas Ewart, President and CEO of Bison Gold, referring to neighboring Gold producer, San Gold Corp. (TSX:SGR).

The Ogama Mine was nearly written off years ago after the initial exploration program conducted in Central Manitoba was focused almost entirely on the more eastwardly past producing Central Manitoba mineshafts. Only 3 holes, were drilled to a depth of 400 meters at the Ogama Mine, it was on the last hole a bonanza strike of 35 g/t over 4.73 meters was initially discovered.

"35 g/t over 4.73 meters, took a lot of people by surprise. The discovery was made only 90 meters below where the historical Ogama Mine workings had ended." said Amir Mousavi, Bison Gold's VP Corporate Development and Chief Financial Officer. "The Ogama mine produced 40,000 oz Au between 1925-1940, 1948-1951 and at higher head grades (12 g/t Au) than that of the more prominent San Antonio Mine (10 g/t Au) at the time". The San Antonio mine produced 1.2 million oz Au between 1925-1940 at grades of 10 g/t Au. Today, the San Antonio mine is better known as the San Gold Corp (TSX:SGR) Rice Lake Gold Mines, an evolving gold producer located only 26 km north/west of Bison Gold's Rice Lake Central Manitoba Property claims, connected by an all weather provincial road.

Bison Gold's Rice Lake property includes 8 past producing mines and mine shafts that were optioned to Placer Dome in 2003. Placer Dome had a corporate mandate to discover a minimum 10 g/t Au over 3 meters, which failed to be achieved after a short drilling program in 2004. "Exploring for gold in Manitoba requires experience, patience, ambition and a lot of luck, something Bison Gold's exploration team has no shortage of," said Mr. Mousavi. "Placer Dome's decision to drop the program inevitably changed the future of Rice Lake. They were only a few short meters away from discovering bonanza Gold grades. Had they discovered what we are today, Rice Lake would have looked more like Red Lake and home to some world-class gold producers."

The Rice Lake mining camp lies approximately 100 km west of Red Lake's mining camp. Both mining camps are within the Uchi Subprovince of the Canadian Shield, a geologic terrane that spans beyond the two distinct gold mining camps and hosts numerous precious and base metal deposits.

"The style and structural pattern of the Gold mineralization on Bison's Property is very similar to that of the San Gold's Main Mine and newly discovered deposits," said Scott Snider, Bison's Exploration Manager. Mr. Snider worked as an Exploration Geologist for San Gold prior to coming to Bison.

Nearby San Gold Corp. (TSX:SGR) recently published Gold assays of comparable grade, width and at similar depth as those discovered during Bison Gold's 2010-2011 drilling program (refer to SGR News Release on December 20, 2011). Albeit there is no certainty further exploration will define a gold deposit of the size and grade of the San Gold deposits.

The figure below is a comparison between San Gold's published results from December 20, 2011 and the re-stated drilling results from Bison's 2009-2011 drilling program.

To view the image associated with this press release, please visit the following link: http://media3.marketwire.com/docs/ScatterPlot.pdf.

More specifically results obtained from the 2011drilling program at the Ogama Mine demonstrate consistent grades, widths and depth throughout that are comparable San Gold's 007 Zone drill holes:

Table 5. Drill Intersect Highlights from San Gold's 2011 drilling results from the 007. Refer to San Gold's press release dated December 20, 2011.

  • S922-11-036, intersecting 23.2 g/tonne over 11.5 metres at a depth of 362 metres
  • S922-11-013, intersecting 110.1 g/tonne over 2.1 metres at a depth of 330 metres
  • S922-11-049, intersecting 44.2 g/tonne over 4.3 metres at a depth of 348 metres
  • S922-11-089, intersecting 63.0 g/tonne over 2.8 metres at a depth of 362 metres
  • S922-11-091, intersecting 21.7 g/tonne over 7.4 metres at a depth of 362 metres
  • S915-11-003, intersecting 11.8 g/tonne over 12.3 metres at a depth of 396 metres
  • S915-11-024, intersecting 60.7 g/tonne over 3.0 metres at a depth of 275 metres
  • S915-11-045, intersecting 45.6 g/tonne over 4.3 metres at a depth of 291 metres
  • S915-11-084, intersecting 17.4 g/tonne over 9.4 metres at a depth of 269 metres
  • S915-11-106, intersecting 18.1 g/tonne over 3.2 metres at a depth of 358 metres

"We are very pleased for our neighbors " said Mr. Ewart, referring to San Gold's recent news release. "The Rice Lake belt remains one of Canada's best kept secrets, and San Gold has done a excellent job of achieving several milestones in the last year that is finally bringing recognition to the belt".


 

 






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