NEW YORK, Aug. 2, 2011 (GLOBE NEWSWIRE) -- Sagebrush Gold, Ltd. (OTCBB: SAGE) and Continental Resources Group, Inc. (OTCBB:CRGCE) announced today that Sagebrush Gold has commenced drilling on its Red Rock property. Sagebrush Gold has contracted RedCor Drilling and is permitted to drill up to nine angle diamond core holes for a total estimated footage of 16,000 feet and ALS Minerals, Reno, Nevada, will perform all drill core analyses.
Drilling will test geologic, rock and soil gold geochemical anomalies and gravity/CSAMT geophysical targets within the Red Rock property. Surface gold, up to 0.38 ounces per ton (13.03 g/T), and shallow drilled gold have already been discovered on an adjoining property from Red Rock. Red Rock is located at the intersections of three major gold trends, the Battle Mountain Eureka Gold Trend, the Rabbit Creek Gold Trend and the Caetano Caldera Trend. It is believed that there is a combined 60+ million ounces of gold contained within these trends.
"We are very excited to commence drilling on our Red Rock property. We have geologic maps, abundant rock and soil geochemistry, detailed gravity, aeromagnetic, and CSAMT geophysical data as well as drill hole logs, assays, chips and core on Red Rock which will help guide the drilling process. Additionally, we have complete confidence in the abilities of our Chief Geologist Art Leger," commented Sagebrush Gold's President, David Rector.
"As previously announced, three large gold targets have already been identified within the property occurring over a 4 mile area where rock and soil gold and associated trace element geochemical data indicate the potential for one or more major gold deposits. This drilling marks the beginning of the process to uncover these and other deposits," continued Rector.
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.
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