SnipGold Provides Update on Drill Program

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/05/12 -- SnipGold Corp. (TSX VENTURE: SGG) ("SnipGold" or the "Company") (formerly Skyline Gold Corporation) is pleased to provide an update on the 2012 exploration program which tested five priority areas with nine diamond drill holes totaling over 2400 metres. A total of twelve holes underwent Borehole Pulse Electromagnetic ("BPEM") geophysical surveys.

The objectives of the 2012 exploration program were to assess five key exploration targets by:

All 2012 objectives were successfully completed on a very limited budget.

Diamond drilling and BPEM work completed this year include:

All core samples have now been delivered to the analytical lab. The assay data will be released to the public once all gold and multi-element analyses have been received. Initial geological interpretations are expected to be provided in conjunction with the assay release.

About SnipGold

SnipGold Corp. is a Canadian exploration company focused on the exploration and expansion of gold resources in northwestern British Columbia. SnipGold's board and management have significant experience in the discovery, exploration and development of gold projects in this area.

On Behalf of the Board of Directors

SnipGold Corp.

John Zbeetnoff, Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



Contacts:
SnipGold Corp.
John Zbeetnoff
CEO
604-681-3989

SnipGold Corp.
Tony Perri
Investor Relations, Manager
604-681-3989
604-681-3557 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 05.09.2012 - 15:49 Uhr
Sprache: Deutsch
News-ID 180629
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Mining & Metals

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