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News Releases
 August 20, 2003
MBA Gold Begins Drilling on World Beater, California Gold Property

 MBA Gold Corp. (TSX Venture: MBA-V) announces that drilling has begun today on its World Beater gold property located in a historic mining district West of Death Valley in Southern California. The World Beater gold property covers approximately 1,750 acres of patented and un-patented mine claims and includes two former mine sites; the Radcliff mine and the World Beater mine. The World Beater Property has undergone extensive exploration by previous operators Kerr-McGee, Echo Bay and Compass Minerals, including over 32,000 feet of drilling. MBA is targeting a potential underground-mineable gold deposit for the property. The Company feels that an underground operation would be more favourable for permitting in California and would provide the most effective means of exploiting the resource.

MBA's 2003 exploration program is designed to confirm and expand the most recent gold resource estimate as reported in a Technical Report on the property prepared by Mine Development Associates ("MDA") in accordance with NI 43-101 and available on SEDAR (www.sedar.com). The following table summarizes the MDA resource estimates:

                Indicated
--------------------------------------------------
   Cutoff       Tons        Grade         Ounces
(ounces/ton)             (ounces/ton)     
--------------------------------------------------
   0.02      2,129,000     0.094           200,900
   0.05        949,000     0.169           160,800
   0.07        620,000     0.228           141,600
                  Inferred
--------------------------------------------------
   Cutoff       Tons        Grade         Ounces
(ounces/ton)             (ounces/ton)     
--------------------------------------------------
   0.02        263,000     0.103            27,100
   0.05        113,000     0.195            22,100
   0.07         75,000     0.264            19,800
--------------------------------------------------

Reverse circulation (RC) drilling will be concentrated in areas where hydrothermal mineralized structures have been found to contain significant gold mineralization. This mineralization, characterized by the association of chlorite and pyrite of hydrothermal origin is found within altered meta-rhyodacites of the World Beater Complex and are thought to represent the structural channel-ways for hydrothermal fluids that precipitated the exhalite gold mineralization. The distribution of this mineralization is not fully understood and many of the extremely high-grade assays (everything over 1.0 ounce per ton) have been excluded from the MDA gold resource calculation. The drill program will provide additional understanding of the modes of gold occurrences in the World Beater complex and consequently has good potential for expansion of the gold resource in these rocks.

Significant drill hole intercepts of this type of mineralization (i.e. in the World Beater rocks) include the following:

· C-34 4.6 meters @ 45.03 grams per tonne gold (15 feet @ 1.31 ounces per ton)
· C-34A 13.71 meters @ 12.58 grams per tonne gold (44.6 feet @ 0.37 ounces per ton)
· RRC-150-93 7.6 meters @ 60.6 grams per tonne gold, including 1.5 meters @ 256.8 grams per tonne gold (24.7 feet @ 1.77 ounces per ton, including 4.9 feet @ 7.49 ounces per ton)

Further, a series of nine drill holes completed by Compass Minerals in 1997 intersected mineralized exhalite horizons immediately above the World Beater Complex and indicated both a thickening and an increase in gold grade in the down dip extension of this horizon. The up-dip portion of the exhalite is approximately 1.5 meters thick with an average gold grade of 3 grams per tonne (4.9 feet @ 0.09 ounces per ton). The down--dip portion of the exhalite is approximately 6 meters thick with an average gold grade of 10 grams per tonne (19.5 feet @ 0.29 ounces per ton). MBA's 2003 drill program is expected to establish the structural continuity and openness both down dip and laterally of this mineralized area.

MBA Gold Corp. is a precious metals mining company whose strategy is to acquire a portfolio of resource properties that have indicated mineral resources and require further exploration or development work. MBA Gold will add value to these projects by providing capital, exploration expertise and where justified, development and production planning.

For more information contact Coal Harbor Communications at 604-662-4505 or 877-345-3399.

www.mbagold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or the adequacy of this press release.
 
 

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