TORONTO, ONTARIO--(Marketwire - April 7, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (News - Market indicators) is pleased to announce that the company has increased the size of the diamond drilling program from 5,000 to 10,000 metres based on encouraging results from the first eight drill holes completed on the Ogama zone extension. The company is currently completing the fence of drill holes following up on diamond drill hole OG-10-04 which intersected 2.46 metres of 37.1 g/t Au. The company expects assay results from this drilling within the coming weeks.
"We are very encouraged by the significant high grade gold mineralization intersected to date on this program in not only the extension to depth and strike of the Ogama zone but of additional high grade „hangingwallâ¬x gold mineralization intersected by diamond drill holes to date," stated Lucas Ewart, President and CEO of Bison. "We doubled the size of the drilling program to accommodate additional follow-up drilling on the high grade results received to date".
Bison plans to, with the additional 5,000 metres, complete drilling to test the depth extension of drill hole OG-10-05 which intersected 17.6 g/t Au over 6.55 metres within a 25.64 metre intercept that returned assays of 5.3 g/t Au and to test depth and strike extensions to drill holes OG-09-01 and OG-09-02 which returned high grade intercepts of 36.5 g/t Au over 1.92 metres and 26.5 g/t Au over 1.25 metres, respectively.
All drill intercepts reported within this news release are drill core widths and not true widths.
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 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.
In addition, Bison Gold Resources Inc. is pleased to announce the appointment of Mr. Gene McLean to the Board of Directors.
Mr. Gene McLean is an Executive Security Advisor and Principal of McLean Security Advisory & Associates Inc. Mr. McLean specializes in corporate, government and private sector organizations consulting on security and risk management. Mr. McLean brings over 35 years of relevant experience and most recently was Vice President and Chief Security Officer for TELUS Corporation as well as a member of the TELUS Compliance Council and TELUS Ethics Work Group. Mr. McLean continues a relationship consulting with TELUS.
Mr. McLean is a Life Member of the Canadian Association of Chiefs of Police, an Associate Member of the International Association of Chiefs of Police. He has and continues to serve on a number of boards including the Canadian Air Transport Security Authority (CATSA), a federal government appointment and as President and Chairman of the Board of the Canadian Society for Industrial Security.
Mr. Lucas Ewart, President & CEO of Bison Gold stated, "We are very fortunate to be able to attract someone of Mr. McLean's calibre and experience to Bison Gold."
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. The flagship property, Central Manitoba, is historically the 2nd largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.â¬xs 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 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.