American Sierra Gold Samples 428 G/T Gold and Plans to Commence Production Test at Discovery Day Project
May 06 2010 - 9:23AM
Marketwired
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold
exploration company headquartered in Reno, Nevada, is pleased to
announce results of the on-going sampling program at its Discovery
Day Gold Property and the planned commencement of a production test
run.
During the period of March 23 to April 16 geological crews
conducted systematic sampling at three underground locations in the
Discovery Day mine. A total of 29 samples were taken at the "490"
raise, "400" raise and at the end of the 72 crosscut. These three
potential mining targets show strong structural anomalies with
significant quartz veining. The sampling program was designed to
determine ore grades and mining widths of these zones in order to
evaluate production mining economics.
Economically feasible assay results were obtained from both the
"490" and "400" raises and are shown in the table below. Thirteen
of the fifteen samples taken in the "72 crosscut" carried gold
values but all assays were below the mining cut-off grade of 0.5
ounces per ton.
SAMPLE # SAMPLE DESCRIPTION Au OPT
----------------------------------------------------------------------------
400 R Chip sample across 40 in. of entire structure 1.02
400 R-1 Chip sample across 26 in. vein width at top of raise 4.52
400 R-2 Chip sample across left 4 in. quartz section of 400 R-1 0.78
400 R-3 Chip sample across 18 in. vein width at bottom of raise 13.78
400R - 1A1 Grab sample from muck pile 1.20
400R - 1A4 Repeat check assay of sample 400R-1A4 1.18
400R - 1B1 Chip sample of spider quartz Trace
490R - 4A1 Channel cut across 11 ft. of face 1.52
490R - 4B1 Grab sample from muck pile at face 0.23
490R - 4C1 Mix of quartz matrix over 4-5 ft. width 0.33
490R - 4D1 Left 2 ft. section of 490-4A1 2.04
490R - 4E1 Greenstone wall rock left of vein Trace
490R - 4F1 Greenstone wall rock Trace
490R - 4G1 Silicified shale wall rock to right of vein 0.05
These samples came from the two raises that are located up dip
on the same structure that 1996 mill reports document having
produced 195 tons of ore that averaged 12.06 oz/ton. This included
43 tons of bonanza grade ore averaging 37.4 oz/ton. This single
10-day production run reportedly resulted in the production of over
2,300 ounces of gold worth over $2.6M at today's gold prices.
According to mine manager Patrick Fagen, "These assay results
support good continuity of values between the two zones indicative
of an extension of the previously mined ore shoot. The grades are
exceptional and the structure appears to be widening both up dip
and along its southern strike. Further drifting at both locations
is needed to determine the full extent of the ore bodies."
American Sierra Gold's President Wayne Gruden added, "These
encouraging assay results have prompted a company decision to focus
immediate efforts on a production test run to accurately determine
the feasibility of mining this past producing zone and test our
mill. We plan to conduct this production test concurrently with an
underground core drilling program." Both work programs are
scheduled to commence during the month of May.
Forward-Looking Statements
The statements by our officers, and other statements regarding
optimism related to the business, expanding exploration and
development activities and other statements in this press release
are forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. Such statements are based on current
expectations, estimates and projections about the Company's
business. Words such as expects, anticipates, intends, plans,
believes, sees, estimates and variations of such words and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks and uncertainties that are
difficult to predict. Actual results could vary materially from the
description contained herein due to many risk factors that affect
the industry the Company operates in and other risk factors listed
from time to time in the Company's Securities and Exchange
Commission (SEC) filings under "risk factors" and elsewhere. The
forward-looking statements contained in this press release speak
only as of the date on which they are made, and the Company does
not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.
For further information please contact: American Sierra Gold
Corp. Wayne Gruden President and CEO Investor Relations
1-888-279-3921 Email Contact www.americansierragold.com
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