NEW YORK, Oct. 4, 2011 (GLOBE NEWSWIRE) -- Sagebrush Gold, Ltd. (OTCBB:SAGE) and Continental Resources Group, Inc.(OTCBB:CRGC) announced today that Sagebrush Gold has completed nine thousand, six hundred and twenty-six feet (9626 feet) of drilling in two diamond core and fourteen reverse circulation drill holes at its Red Rock gold property located in the Mt. Springs Mining District, Lander County, Nevada. At present, core drilling has been terminated, but reverse circulation drilling is continuing. The Company announced and commenced drilling at Red Rock on August 2, 2011.
Assay results are being finalized by ALS Minerals. To date assay information has been received for RRC: 11-1Core. Assay data indicates a 70 ft (21m) zone containing gold values that average 0.05 g/t (high of 0.104 g/t) with associated elevated trace elements. Alteration in the interval consisted of abundant sooty carbon and silica-flooding. Management is extremely optimistic that the reported gold interval may represent upward or lateral leakage. Numerous other reverse circulation drill holes contained intervals with abundant quartz veining and associated pyrite. Assays are pending and will be reported as they are received. There can be no assurance that any assay results will meet the company's expectations.
About Sagebrush Gold, Ltd.
Sagebrush Gold, Ltd. is a junior gold exploration company focused on searching for world class resources and seeking out potentially significant gold exploration and development targets in Nevada's leading gold districts. For more information please visit: www.SagebrushGold.com.
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. The Company assumes no obligation to update any of the information contained or referenced in this press release.