Message #12 From:
The Machine Date: February 11, 2008 10:39:07 AM
Bullion River Gold Corp.
RENO, NEVADA--(Marketwire - Feb. 6, 2008) - Bullion River Gold Corp.
(OTCBB:BLRV), after receipt of funding from a recent offering, will
apply the funds towards additional exploration and infrastructure
upgrades necessary to elevate the project to greater production for
long term profitability.
Over the course of the next few months, the company will
undertake to complete additional exploration drilling along strike and
down dip to expand the knowledge of the existing vein structures in the
Washington Mine as well as explore for additional favorable structure
to the north of the Washington Vein and its attendant veins. The
drilling program will also test for the vertical extension at depth of
the high grade Lucky 7 Vein, which rakes westward, as well as the
Washington Vein structures. This information is vital to allow planning
of the extension of the Main Decline. In addition, exploratory holes
will be directed along the axis of the proposed Niagara Access to
search for favorable structure along this drive. Some of the drilling
will be used to search for and quantify fault displacements which are
assumed to have truncated and displaced some of the vein structures.
The drilling program began this week.
Infrastructure upgrades include improvements to the site
electrical system, the water treatment system and the mine backfill
system.
The electrical system upgrade includes work by the local power
utility to upgrade and extend the supply line to allow the line to
carry the expected load for the mine and the mill. Onsite, new
distribution switchgear and cabling will be installed to allow the mine
and mill to operate continuously in all respects. For the mill, this
will allow continuous and simultaneous operation of the crushing
circuit and the milling circuit on a 24 hour per day basis. In the
mine, the upgrade will permit the replacement of expensive
diesel-generated power with adequate utility power to operate the
required ventilation fan system, the water treatment system and
additional compressed air capacity which is required for the desired
expansion of the production capability. The diesel generator will be
relegated to standby power status. This work will be completed over the
next several months, subject to equipment delivery.
The water treatment system is a major part of the environmental
protection program proposed in the revised operating and reclamation
plan. The plant is intended to treat the water from the mine to produce
an effluent product which exceeds the requirements of the Clean Water
Act with respect to dissolved and suspended solids. Pilot plant work
completed in 2007 indicates that the water produced in the mine can be
treated to produce a high quality product nearly comparable to
rainwater in purity. Such a product may be discharged to a local water
course and will help dilute the existing stream levels of heavy metals
and other dissolved solids.
The backfill system will utilize the mill tailings to fill the
mined voids underground. This will allow efficient pillar recovery in
the cut and fill mining plan and maximize recovery of the resource. It
will also eliminate the need for a tailings repository on surface which
represents a long term environmental concern. The mill tailings will be
mixed with cement and transferred underground where they will be pumped
into the available stopes to fill the voids. Once the cement sets the
tailings are permanently sequestered below surface in a solid,
chemically inert form. The waste rock in the mine is acid neutralizing.
This is supplemented by the caustic nature of the cement. Working in
concert, there is virtually no chance of generating metal-mobilizing
acids from sulfide oxidation in the tailings. Additionally, at the end
of mine life, when the mine fills with water after abandonment, the
tailings will be permanently stored below water level, which is an
ideal situation for long term storage. The cemented tailings will be
chemically inert for an indefinite period and stored in the best
situation possible. This system will be used to treat all the mill
tailings, including those from recent operations, which have been
temporarily stored on surface and are awaiting reclaiming efforts to
move them underground for permanent storage. The backfill plant has
been designed and awaits regulatory approval prior to procurement and
construction.
The items listed above will be completed with existing forces
and equipment onsite. This will detract from production in the short
term but it is felt this represents the optimum use of resources as
they exist. This will allow the current equipment fleet and labor force
to remain as is. Additional equipment will then be procured once the
infrastructure improvements are completed and production may be ramped
up. This is in keeping with our cost control strategy and efficient
application of resources.
Bullion River Gold Corp. is an American-based mineral
exploration company focusing on regions containing gold / silver
deposits predominately located in the Western United States. The
company has six properties, equally divided between California and
Nevada. Of the Nevada properties, two are considered advanced projects
and the third is considered grassroots. The three California properties
are all past producers.
For more information, contact Glenn Blachford, Investor
Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at
glenn@bullionriver.com, the Company's website at www.bullionriver.com
or the U.S. Securities and 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) including statements regarding SEC
approval and the sufficiency of the funds raised. 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. may have 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bullion River Gold Corp.
Glenn Blachford
Investor Relations
1-800-540-BLRV (2578) or (775) 324-4881
