Piedmont Reports Drilling To Begin At Willow Creek Gold Project, Nevada
Reno, NV � September 4, 2008 - Piedmont Mining Company, Inc. (OTC BB:
PIED) today reported that drilling is scheduled to begin at the Willow
Creek gold project in Elko County, Nevada early next week. This initial
drill program of approximately 5,000 feet will consist of 5 or 6 angled
reverse circulation drill holes, each to approximately 1,000 ft. This
drill program is fully funded.
The Willow Creek property consists of 480 acres of private fee land plus
158 lode claims, for a total of almost 6 square miles along the western
range front of the Snake Mountains and about 30 air miles north-northwest
of the town of Wells. It covers about 5 miles of strike length along the
famous Roberts Mountain Thrust, a regional geologic break that is
associated with many of the gold deposits in Nevada. Favorable
stratigraphy and rock types are exposed at the surface and are extensively
altered. Strong and coincident patterns of arsenic, antimony, thallium and
mercury anomalies with anomalous gold values are controlled by structure
and alteration and help to define drill targets. The geochemical patterns
are typical of Carlin-style gold orebodies. Felsic and lamprophyre dikes
have been mapped in several areas of the property. The 42 million year
(Eocene) age of a felsic dike on the property is encouraging since it is
similar to the age of the intrusives and mineralization in the main
Carlin-style gold orebodies in Nevada.
Piedmont is working on this project with Carlin Gold US Inc., the wholly
owned U.S. subsidiary of Carlin Gold Corporation (TSXV: CGD). Carlin Gold
holds the property and is managing the exploration program while Piedmont
is earning into a 51% interest by funding the exploration.
Piedmont is an exploration-stage company, exploring for gold and silver in
Nevada. It has entered into agreements with experienced and respected
exploration groups on 7 properties in Nevada. It participates through
funding exploration costs utilizing highly skilled people only on an as
needed basis thus minimizing G&A costs. It can drop properties that don�t
meet expectations. The Company�s Common Stock is traded on the OTC
Bulletin Board under the symbol: PIED.
FORWARD-LOOKING STATEMENTS: �Safe Harbor" Statement under the Private
Securities Litigation Reform Act of 1995: Statements relating to the
company�s business activities and other statements in this press release
are forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. and are based on current expectations.
Words such as expects, anticipates, intends, plans, believes, estimates
and similar words and expressions are intended to identify such
forward-looking statements that involve risks difficult to evaluate.
Actual results can vary due to many factors such as changes in metal
prices, business conditions, the competitive environment, laws and
regulations; problems encountered in exploration and obtaining permits;
technological advances; shortages of skilled workers, drill rigs and
equipment; the need for additional capital and other risks listed in the
Company�s Securities and Exchange Commission filings under "risk factors"
and elsewhere. Forward-looking statements speak only as of the date they
were made. The Company does not undertake any obligation to update
forward-looking statements.
Piedmont Mining Company, Inc. Reno, Nevada
www.piedmontmining.com
Contact: Robert M. Shields, Jr. 212-734-9848;
Investor Relations: Maria Da Silva 877-261-4466
.