Vancouver, British Columbia -- Highway 50 Gold Corp. (TSX.V -- HWY) (the "Company") announces that it has suspended drilling at its Monroe property in southeastern BC until sufficient time has elapsed to allow spring breakup to conclude.
Drill hole HWY 17-003 is currently at a depth of 785 m and was drilled with "HQ" diameter core (6.5 cm). Management had projected the Sullivan Time interval to be intercepted between 550 m and 600 m. The drill hole is currently at 785 m and is still in the Sullivan Mine hanging wall sequence. To management's knowledge, this package of rocks has not been known to exist outside the Sullivan Mine area until this drill hole. Other holes on the property have not encountered this sequence and have been drilled deeper into the stratigraphic column. A 6 m zone of vented albite fragmental was encountered at 742 m. A similar style of alteration occurs in the immediate hanging wall of the Sullivan Mine. Immediately beneath the albite fragmental are intensely sericitized sediments with veinlets and disseminations of sphalerite and galena (ZnS, PbS) present locally to the bottom of the hole.
Drilling is anticipated to resume within the next six weeks, at which time DDH Hwy 17-003 will be cased to 785 m and reduced to NQ core (4.5 cm).
The Company has an option to earn a 50 per cent interest in the Monroe property by spending annual optional exploration expenditures totalling $3,000,000 over the next four years.
This news release has been reviewed by Gordon P. Leask, P.Eng., President and CEO of the Company, and a Qualified Person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
About Highway 50 Gold Corp.
Highway 50 Gold Corp. is a mineral exploration stage company led by a team of experienced explorers and deal-makers. The Company is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge Formation of southeastern B.C. The exploration focus on its projects are a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture and new geological understanding on the Monroe property in B.C.
