Highvista Gold Inc. Commences Drilling at Canasta Dorada Gold Project
20 October 2011 - 11:30PM
Marketwired Canada
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.
Highvista Gold Inc. ("Highvista" or the "Company") (TSX VENTURE:HVV), is pleased
to announce that drilling has commenced at its Canasta Dorada Gold Project,
located within the Sonoran Gold Belt, in Sonora State, Mexico. This initial
phase will include up to thirty reverse circulation drill holes totaling 3,000
meters. Drilling will initially focus on three priority targets; Las Quintas, La
Republicana, and the Big Pit.
The three target areas were generated from field exploration work conducted over
the previous twelve months, and included mapping and sampling of over 30
historic mines, property-wide ASTER satellite image analysis, property-wide
airborne magnetic survey interpretation, compilation and analysis of historic
soil sampling data, and the collection and analysis of over 3,200 rock chip
samples.
This initial drill program is expected to be completed by the end of the fourth
quarter of 2011, with results released early in the first quarter of 2012.
Highvista owns 100% of a Mexican subsidiary that controls the 24,215 hectare
Canasta Dorada Gold Project. This project is located in the Sonoran Gold Belt
immediately adjacent to AuRico Gold's El Chanate Mine. "We are very pleased to
have started our drill program so shortly after obtaining our listing on the TSX
Venture Exchange" notes Rick Adams, President and CEO of Highvista Gold Inc.,
"and this speaks directly to the experience and effort of our exploration team
in Mexico".
Details of Highvista's Canasta Dorada Project can be viewed at the Company's
website at www.highvistagold.com.
Richard Adams, P. Eng., is the Qualified Person responsible for technical
content of this release.
READER ADVISORY
Statements in this press release may contain forward-looking information
including, but not limited to, statements with respect to the Company's proposed
drill program. Any statements that are contained in this press release that are
not statements of historical fact may be deemed to be forward looking
statements. The reader is cautioned that assumptions used in the preparation of
any forward-looking information may prove to be incorrect, including but not
limited to, the ability of the Corporation to raise sufficient capital to pay
the exploration and development costs on the properties, the availability of
skilled labour, availability of equipment, and future capital and operating
costs. Events or circumstances may cause actual results to differ materially
from those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of the
Company. Factors that could cause actual results to differ materially from any
forward-looking information include, but are not limited to, the risks of
capital and operating costs varying significantly from estimates, delays in
obtaining or failures to obtain required governmental, environmental or other
project approvals, inflation, commodity price and exchange rate fluctuations,
the uncertainty of estimates and projections relating to production, health,
safety and environmental risks, delays in the development of projects,
uncertainties relating to the interpretation of the geology, unanticipated
operational or technical difficulties and other factors. The reader is cautioned
not to place undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of
the date of this press release, and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by securities law.
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