Bullion River Gold Corp. has started underground preparation work to accommodate its diamond drill program at its French Gulch mine in Shasta County, CA. The company has engaged Widman Contractors Inc. to rehabilitate 1,200 feet of rail in the access tunnel and excavate a new diamond drill station.
Bullion River has selected Connors Drilling LLC out of three qualified bidders to conduct its 24,500 feet underground drill program, which is expected to start in December of this year. The underground drill program is designed to extend existing resources and bring them into the reserve category. Additionally, the company plans a surface drill program of about 15,000 feet, which will begin as soon as feasible. This reverse circulation drill program will test the extensions of known veins and explore never before tested areas with outcrops, which were recently discovered by Bullion River.
Peter M. Kuhn, President of Bullion River states: "The French Gulch mine, in the heart of historic American gold production, is an ideal opportunity to make our company the next American gold producer. Therefore, all our efforts are focused to delineate enough high-grade gold ore in addition to the existing resource so we can make a positive production decision at the end of the first quarter of 2005. Furthermore, we believe that the potential of the mine has been underestimated due to the lack of any systematic exploration. The surface drilling will give us a significant insight for the overall possibilities of the mine." He added: "We are going to accelerate the engineering for the underground mine and the mill expansion. The fact that there is an existing mill and that the property is fully permitted for production makes it possible for Bullion River to produce gold in 2005."
About Bullion River Gold Corp.
Bullion River Gold Corp. is an American based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Southwest United States. The company presently has a total of seven properties of which five are located in Nevada. Three of these properties are considered advance projects and two are considered grassroots projects. The two remaining properties are in California. Both of these properties are past producers.
Approved by the Board of Directors:
BULLION RIVER GOLD CORP.
PETER M. KUHN
President NR # 04-32
For more information, contact Brad Long, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at brad@bullionriver.com or visit the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings.
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Bullion River Gold Corp. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Bullion River Gold Corp. expressly disclaims any obligation to update the statements contained in this release.