Sagebrush Gold Reports On Red Rock Drilling
NEW YORK, NY - Sagebrush Gold, Ltd. SAGE +3.45% and Continental Resources Group, Inc. has completed nine thousand, six hundred and twenty-six feet (9626 feet) of drilling in two diamond core and fourteen reverse circulation drill holes at its Red Rock gold property located in the Mt. Springs Mining District, Lander County, Nevada. At present, core drilling has been terminated, but reverse circulation drilling is continuing. The Company announced and commenced drilling at Red Rock on August 2, 2011.
Assay results are being finalized by ALS Minerals. To date assay information has been received for RRC: 11-1Core. Assay data indicates a 70 ft (21m) zone containing gold values that average 0.05 g/t (high of 0.104 g/t) with associated elevated trace elements. Alteration in the interval consisted of abundant sooty carbon and silica-flooding. Management is extremely optimistic that the reported gold interval may represent upward or lateral leakage. Numerous other reverse circulation drill holes contained intervals with abundant quartz veining and associated pyrite. There can be no assurance that any assay results will meet the company's expectations.