LAS VEGAS, Dec. 22, 2011 /PRNewswire/ --Gunpowder Gold Corp. (OTCBB: GUNP) (Gunpowder or "the Company") is pleased to provide updated results for one of its claim blocks in its Dome Rock gold project in La Paz County, Arizona.
Work included sediment and outcrop chip sampling from within the company's 100% owned BHR62 claim block. Project geologists collected 16 rock chip and 22 sediment samples, all of which were submitted for 34 element analysis by ICP (inductively-coupled plasma) and gold analysis by gold assay and ICP finish. Several of the samples were anomalous for both copper and gold, and there exist similar geochemical ratios of gold to copper as assays taken from other deposits in the immediate area. Positive results include assays of 17ppb Au, 3.5ppm Ag, 1,000ppm Cu, and strong pathfinder indications for Ba. Further, several samples exhibited copper and hematite staining which is sometimes associated with economic mineralization historically found in the Plomosa District of Arizona, including the Copperstone Mine area, approximately nine miles to the north of Quartzite.
Commenting on the results, President Michael Nott stated, "It is encouraging, at this early stage of exploration to find prospective gold and silver indicators on the surface of our claim block. We are also pleased with the geochemical ratios reported, which further give us an indication that our project bears similar attributes to valuable mineral resources in the district. These results will provide useful quantitative data to carry out the next phase of exploration on the Dome Rock gold project."
About The Company
Gunpowder Gold Corporation is a gold exploration company in pursuit of high impact gold projects in the Walker Lane Trend, as it extends into Arizona. The Company has developed a strategically-located set of mineral claims in the Dome Rock mountains region of Arizona. The Dome Rock project is nine miles from the Copperstone mine, one of the largest gold discoveries in Arizona's history. The Copperstone open pit and underground workings are located at the northern tip of the Dome Rock mountains.
The Company's Dome Rock project in western Arizona is located on-trend of the world famous Walker Lane. The Walker Lane Gold Trend has produced over 50 million oz of gold and 400 million oz of silver, historically.
Safe Harbour Statement:
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. The forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.
www.GunpowderGold.com
SOURCE Gunpowder Gold Corp.
