Hemisphere Gold has received some assays on the deep auger sampling program from its mine in the new gold producing area of Suriname, South America. This country was formerly known as Dutch Guiana.
Results of the on-going auger sampling program over areas of stream sediment gold anomalies contain samples that are anomalous in gold. The anomalous values are greater than several hundred parts per billion gold (ppb) and some values are over 1000 ppb gold.
The data are being further processed and integrated with the recently completed airborne geophysical survey to better define gold targets and plans for further exploration. The initial grid samples are very wide spaced and these results are very encouraging for evidence of gold mineralization.
Samples are subjected to standard quality control procedures of the gold industry and are being assayed by The Assay Office in Suriname. The lab is a well recognized professional lab used by all international mining companies working in Suriname including Newmont, Iamgold, Reunion Gold, Golden Star, and Canarc.
Suriname is home to Iamgold’s most productive mine. Iamgold’s Rosebel mine started up in 2004 and boasted a record production of 341,400 ounces of gold at a mine operating cost of $208 per ounce in 2005, it has replaced the Company’s depleted Omai gold mine in Guyana as the Company’s most productive mine. The Rosebel mine was the smoothest operational start-up since the creation of the Company in 1986. The open-pit operation maximized the geological potential of the property. Rosebel is expected to produce 335,000 ounces in 2006.
Hemisphere Gold is working in one of the newest gold producing areas in the world.
Source: Hemisphere Gold and Iamgold
Hemisphere Gold Inc.
3504 35th Ave SW
Calgary, Alberta T3E IA5 Canada
IR Contact: Barry Reagh
Phone: (888) 548-8444
Email: ir@hemispheregold.com
Website: http://www.hemispheregold.com
About Hemisphere Gold Inc. is in the business of exploration and acquisition of gold properties in some of the world’s best gold districts. The Company’s objective is to take advantage of high-yielding untapped mineral producing properties through exploration and acquisition. The Company’s flagship property is in Suriname, a democratic country which has had mining operations since the 1700s. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.
This release may contain forward-looking statements which are pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company’s financial condition and prospects, risks associated with mining exploration, risks of governmental legislation and regulation, risks associated with technological changes, risks associated with dependence on third parties, risks relating to international operations, delays in testing and evaluation of products and risks associated with competition.
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