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high desert gold corp (HDG) Snapshot

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10/18/12 - C$0.36
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Market Cap
7.4M
Average Volume 10 Days
41.4K
EPS TTM
C$-0.05
Shares Outstanding
78.3M
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high desert gold corp (HDG) Details

High Desert Gold Corporation, a mineral exploration company, engages in the acquisition and exploration of mineral properties in North America. It principally explores for gold, copper, silver, and molybdenum deposits. The company primarily holds a 70% interest in the Gold Springs gold project situated along the border between Utah and Nevada. It also has interests in various other properties, including the San Antonio project in Sonora, Mexico; the Gold Lake property in New Mexico; and the Kinkaid and Pinyon properties in Nevada. In addition, it holds a 34.2% interest in the Canasta Dorada property in Sonora. High Desert Gold Corporation was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

high desert gold corp (HDG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $140.0K
Chief Financial Officer
Total Annual Compensation: $75.0K
Executive Vice President of Exploration
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2012.

high desert gold corp (HDG) Key Developments

High Desert Gold Corporation Updates NI 43-101 Technical Report on Gold Springs Project

High Desert Gold Corporation reported that it has filed an updated NI 43-101 Technical Report on the Gold Springs project that straddles the Nevada-Utah border. The focus of the report is the updated inferred resource estimate that was recently announced. The key portions of the report focused on the updated inferred resource from the Jumbo Zone in Utah and from the Grey Eagle Zone in Nevada. Highlights includes: The newly defined inferred resource of 415,254 oz. AuEq averaging 0.67 g/t AuEq is based on an AuEq cutoff of 0.3 g/t. If the cutoff is increased to 0.6 g/t AuEq then the resource grade increases to 1.06 g/t AuEq for a total of 253,119 oz. AuEq. The gold-silver mineralization at both the Jumbo and Grey Eagle Zones remain open to expansion laterally and to depth as the drilling to date has typically only penetrated the top 150 metres vertically below the surface. The mineralization typically projects to the surface. There is little or no cover in the majority of the resource area. Metallurgy has shown average gold recoveries of 92% by cyanidation of 200 mesh material. Metallurgical testing at Jumbo shows that up to 57.2 % of the gold is recoverable by gravity means.

High Desert Gold Corporation to Amend By-Laws

High Desert Gold Corporation announced that at the annual general meeting to be held on May 24, 2013, shareholders will consider amendment to the corporation's by-laws.

High Desert Gold Corporation Announces Drilling to Start at Gold Springs and 2013 Exploration Plans

High Desert Gold Corporation announced that drilling is expected to start at the Gold Springs project on April 17, 2013. The Gold Springs project straddles the Nevada-Utah border West of Cedar City, Utah and is a Joint Venture with Pilot Gold Inc. in which HDG holds an 82% interest and is the managing partner. The initial 4 to 8 drill holes will be located in the Jumbo Zone in Utah while road and drill pad construction is taking place at Grey Eagle. These holes will look to extend the gold mineralization to the west and south of the resource reported at the end of the first quarter 2013. Once these holes are completed the drill will move to the Grey Eagle zone in Nevada where this season's drilling will be designed to follow up the high grade intersections reported last year, 21.4 meters of 6.18 gpt AuEq within 62.5 meters of 2.39 gpt AuEq. The goal of the 2013 drill program is to expand the resource at Gold Springs beyond the recently announced defined inferred resource of 301,756 oz of gold averaging 0.48 g/t and 6,476,149 oz of silver averaging 10.4 g/t for a total of 415,254 oz. AuEq averaging 0.67 g/t AuEq within 19,373,085 tones. The Jumbo and Grey Eagle zones are the two zones that comprised the inferred resource referred to in the paragraph above. Later this year the company may drill a third zone from the remaining 16 outcropping gold targets at the project to potentially further expand the resource an estimated total of 100 drill holes are planned this year which will provide a steady flow of news from the project.

 

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