Hemisphere Gold Reports on Progress from Gold Exploration
HEMISPHERE GOLD REPORTS ON PROGRESS FROM GOLD EXPLORATION
Targets show size potential representing major gold-bearing systems that indicate multi-million ounce gold deposit potential
Reno, NV -- November 5, 2007 - Hemisphere Gold Inc. (HPGI.PK), a gold exploration, property acquisition and mining development company, is pleased to announce activities of the Company’s recent exploration activities.
All exploration and sampling programs are under the supervision of a Qualified Person, Dr. Dennis J. LaPoint, and meets the guidelines of the TSX exchange and 43-101 Standards of Disclosure for Mineral Projects report requirements.
The program has two objectives, the first being, scouting and sampling areas of small scale mining throughout Hemisphere’s two major concessions with particular attention to areas of mining of weathered bedrock (saprolite).
A number of new targets have been identified from this on-going sampling program that are associated with quartz veining and alteration at the contact between very weathered mafic igneous rocks and younger granites, within altered granites with sheeted quartz veining, and quartz veining within mafic intrusive rocks.
The targets show the size potential to represent major gold-bearing systems than can host multi-million ounce gold deposits.
The second objective has been to survey the Alimonie North and South grids where lines were cut and the north grid was sampled in 2006. Mapping has included grab and channel sampling of porkknocker areas. Auger sampling is in progress to follow up targets on Red Top Hill and then the crews will proceed to Alimonie South Grid and Grand Creek (Rossi area).
Operationally the company has added new technical personnel and crews in an expanded camp with new remote camp sites located for better access. ATV trails are being upgraded, state-of-the art communication links are being built, first aid training has been implemented and potential airstrips and helicopter sites have been identified.
Ted Pomerleau, President of Hemisphere stated, “The scouting program has proven to us that the concession is holding great potential. The focus on what has been discovered by the team and implement proper programs to get the maximum results for our shareholders is what we will be conducting over the next few months.”
About Hemisphere Gold Inc.
Hemisphere 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 1700’s. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.
For more information, please visit hemispheregold.com
Hemisphere Gold Inc.
This press 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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