Bison Gold Resources Inc. Announces 3rd Year Commencement of Doctoral Study of Its Central Manitoba Property
Toronto, Ontario--(Newsfile Corp. - May 21, 2014) - Bison Gold Resources Inc. (TSXV: BGE) ("Bison Gold" or the "Company") is pleased to announce the commencement of the 3rd year of a collaborative project between Bison Gold, the Manitoba Geological Survey and Waterloo University researchers.
The study focuses on the structural geology and controls on mineralization of the southeastern portion of the Rice Lake Greenstone Belt with a particular focus on Bison Gold’s Central Manitoba Ogama-Rockland Structural Corridor. This same corridor produced the Company’s 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.
Doctoral candidate Xiaohui Zhui, along with his advisor Dr. Shoufa Lin of Waterloo University, are the principal researchers for the Project that also includes Dr. Scott Anderson of the Manitoba Geological Survey and technical personnel from Bison Gold.
"It's an exciting opportunity to combine the exceptional resources of the Manitoba Geological Survey, the University of Waterloo and Bison Gold for a doctoral study on the Central Manitoba Property," stated Amir Mousavi, CEO and Director of Bison Gold.
Preliminary findings indicate that gold mineralization at the Ogama-Rockland gold deposit are hosted by quartz-carbonate veins that have a close spatial association with northwest-trending, dominantly dextral shear zones and are mainly of the fault-fill type. However, north-trending extensional veins (mineralized) might also have a temporal and genetic relationship with this deformational event. "The relationship between the north-west trending shear veins and the north-trending extensional veins will provide important information to better aid the upcoming 2014 summer and fall exploration program on Bison Gold's Central Manitoba Property,” stated David Benson, P. Geo, Director of Bison Gold.
In 2012, Xiaohui presented his preliminary findings at the 2012 Manitoba Mining and Minerals Convention in Winnipeg, Manitoba. Preliminary results from the Project are reported in the Manitoba Geological Survey's Report of Activities and a link to Xiaohui's presentation from the Convention can be accessed from the government of Manitoba website:http://www.manitoba.ca/iem/mrd/geo/field/roa12pdfs/GS-5.pdf.
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.
Contact Information
Bison Gold Resources Inc.
Amir Mousavi CEO
(647) 352-4900
www.bisongold.com