| ||December 09, 2003|
MBA Gold Completes 2003 Drilling Program Receives Further Significant Results
| ||MBA Gold Corp. (TSX Venture: MBA-V) has received additional assay results from its current drill program on its World Beater gold property which covers approximately 1750 acres and is located in a historic mining district west of Death Valley in Inyo County, Southern California. |
MBA Gold Corp. has completed a reverse circulation drill program of approximately 8,000 feet in 29 drill holes on its World Beater Gold Project with the objective to both extend two known areas of gold mineralization and upgrade the total present resource inventory from an indicated and inferred classification to that of measured. All assay results have been received for the current drill program. Significant assay results from drill holes that complete the program are tabulated below.
Results for step-out drill holes (M-17A and M-24A) have shown an extension to the eastern mineralized zone found within a stratabound exhalite unit. This zone forms the southern, open ended portion of a larger high grade gold resource which has been the focus of infill drilling by MBA Gold Corp. (see News Release: November 3, 2003 and November 17, 2003). A second stratabound exhalite zone approximately 1600 feet to the west has also been the subject of both infill and extension drilling. Results for holes M-22A and M-23A indicate an extension to this western exhalite zone. In addition, drill hole M-20V shows the presence of significant gold mineralization in the underlying World Beater Complex. The World Beater Complex consists of a thickened meta-rhyolite formation overlain by submarine exhalite and tuff. The gold mineralization is thought to be related to a volcanic-associated massive sulfide gold class of deposit.
MBA Gold Corp. is currently assembling the results of the 2003 exploration program and compiling it with the extensive data generated from previous work. MBA intends to determine its plans for the next phase of exploration and/or development for the World Beater property early in 2004, which will likely include and independent scoping study and a new resource estimate.
Mr. M. McClaren, a qualified person, has reviewed the contents of this press release.
MBA Gold Corp. is a precious metals development 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 Mr. Cam White at 604 707-0373.
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