On Monday, Sagebrush Gold, Ltd. and Continental Resources Group, Inc. announced that Sagebrush Gold has leased 24 unpatented mining claims from Centerra Gold. The claims are in the Mt. Springs Mining District, Lander County, Nevada. They are located within and adjacent to Sagebrush Gold’s Red Rock 283 claim group. Sagebrush Gold acquired the Red Rock claims on June 8, 2011 and began a 9 hole, 16,000 foot drill program on August 2, 2011.
Many gold-in-rock values over 3 grams/ton have been obtained from the Centerra ground with a gold high of 13 grams/ton. Six drill holes have been collared on the property with three of the six intersecting a minimum 1 gram/ton over a five-foot interval. The highest gold values reported was 25 feet grading over a gram/ton.
Exploration activities completed so far include geologic mapping, soil and rock geochemical acquisition and sampling, a detailed gravity survey and reconnaissance drilling. Additional work will include a 4-line CSAMT survey and drill testing of geophysical and geological targets. Mr. Robert Lunceford, who is the Qualified Person for the project, is presently preparing a 43-101 technical report.
Sagebrush Gold President, Mr. David Rector, commented, “With today’s acquisition, Sagebrush Gold has acquired additional, high priority land in and contiguous to our current holdings at Red Rock. The Company feels that Red Rock is a geological favorable area where we can begin to grow our gold resources and bring value to our shareholders.”
Headquartered in Walnut Creek, California, Sagebrush Gold is a junior gold exploration company that lists on the OTC Bulletin Board. The Company focuses on searching for world class resources and seeking out potentially significant gold exploration and development targets in Nevada’s leading gold districts. The Company’s Chief Geologist is highly experienced in Nevada gold exploration and mining, having worked in senior roles with Cameco Gold Corp., Cyprus Metals Exploration, Hecla Mining, Gold Fields Mining and Callahan Mining Company. Sagebrush Gold has chosen the Red Rock and North Battle Mountain properties as their initial areas of exploration.
For more information visit: www.sagebrushgold.com
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