NEW YORK, Sept. 19, 2011 (GLOBE NEWSWIRE) -- Sagebrush Gold, Ltd. (OTCBB:SAGE) and Continental Resources Group, Inc. (OTCBB:CRGC) announced today that Sagebrush Gold has leased 24 unpatented mining claims from Centerra Gold. The claims are situated in the Mt. Springs Mining District, Lander County, Nevada, and are located within and adjacent to Sagebrush Gold's Red Rock 283 claim group. Sagebrush Gold acquired the Red Rock claims on June 8, 2011 and commenced a 9 hole, 16000 foot drill program on August 2, 2011.
Numerous gold-in-rock values over 3 grams/ton have been obtained from the Centerra ground with a gold high of 13 grams/ton. A total of six drill holes have been collared on the property with three of the six intersecting at least 1 gram/ton over a five foot interval. The highest gold values reported was 25 feet grading over a gram/ton.
Exploration activities completed to-date include geologic mapping, soil and rock geochemical acquisition and sampling, a detailed gravity survey and reconnaissance drilling. Additional work will include a 4-line CSAMT survey and drill testing of both geophysical and geological targets
A 43-101 technical report is presently being prepared by Mr. Robert Lunceford who is the Qualified Person for the project.
Sagebrush Gold President David Rector commented, "With today's acquisition, Sagebrush Gold has acquired additional, high priority land in and contiguous to our current holdings at Red Rock. The Company feels that Red Rock is a geological favorable area where we can begin to grow our gold resources and bring value to our shareholders."
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.
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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 of 1934. 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.