Buffalo Gold Ltd.: Kinbauri Gold Reports Drilling at El Valle Extends Mineralization
Wednesday August 22, 9:30 am ET
ca.us.biz.yahoo.com
Intersects 8 g/t Gold and 2% Copper Over 33.85 metres
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 22, 2007 -- Buffalo Gold Ltd. (CDNX:BUF-U.V - News)(OTC BB:BYBUF.OB - News)(Frankfurt:B4K.F - News) ("Buffalo", or "the Company") is pleased to report that it has been informed by Kinbauri Gold Corp. (CDNX:KNB.V - News)("Kinbauri") of additional encouraging drill results from the on-going 7000 metre drill program at the El Valle gold-copper project in Spain. Buffalo holds a 25.4% strategic interest in Kinbauri as part of the Company's on-going strategy of aggressively adding value through investing in or acquiring projects and companies that offer considerable growth potential (See Buffalo news release July 4th, 2007). In a news release issued earlier today, Kinbauri reported:
"Kinbauri is on track to meet its objective of defining sufficient resources to support six years of production, given reasonable conversion to reserves. Area 107 and Black Skarn North are being targeted for their continuity of gold and copper mineralization and proximity to the existing mining and milling infrastructure. Results from the second five holes are summarized in the table below.
Zone(3)
From To Interval Au Ag Cu ----------
HOLE(1) (m) (m) (2)(m) (g/t) (g/t) (%) Section
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07KV1016 174.85 220.90 46.05 2.39 20.0 0.89 NBS & A107
including 196.55 204.65 8.10 5.68 56.5 2.24 ----------
including 208.60 213.70 5.10 6.38 17.4 1.24 1
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07KV1014 106.25 110.30 4.05 7.97 2.3 0.18 A107W
Including 106.25 108.30 2.05 9.40 13.0 0.32 ----------
07KV1014 117.35 119.15 1.80 2.07 4.0 0.19 2
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07KV1012 147.50 149.00 1.50 0.46 29.0 0.76 A107 W/2
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07KV1013 No Significant Results A107/12
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07KV1011 64.80 67.25 2.45 7.10 47.1 1.29 NBS Upper
07KV1011 242.40 243.80 1.40 1.49 8.0 0.54 NBS Lower
07KV1011 253.85 257.25 3.40 1.36 4.2 0.32 ----------
07KV1011 261.30 264.65 3.35 4.50 8.0 0.21 12
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07KV1009R 68.80 71.50 2.70 4.89 6.1 0.32 NBS & A107
07KV1009R 84.90 96.40 11.50 2.39 5.2 0.72 ----------
Including 84.90 91.50 6.60 2.96 6.7 0.92 11
07KV1009R 105.65 139.50 33.85 8.04 35.9 2.07
including 1 109.30 110.95 1.65 47.00 110.0 0.77
including 2 130.50 139.50 9.00 9.44 48.6 5.06
07KV1009R 178.20 183.50 5.30 2.69 11.2 1.08
including 178.20 180.40 2.20 5.52 20.3 1.91
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(1) See Schedule A for relative location: (2) True thicknesses are
estimated to be 80% and 95% of interval for 1007KV1016 through
1007KV1014 and approximately 50% of interval for 1007KV1009R and
1007KV1016: (3) A107 - Area 107; NBS - Black Skarn North."
For a complete discussion of these results and the accompanying Schedule A long section, please see the original Kinbauri news release dated today, August 22nd, 2007.
About Kinbauri
Kinbauri is a TSXV - Tier 1 mineral exploration company focused on the development of mineral properties, primarily precious metal prospects in northwestern Spain, Nevada and Canada. Its immediate focus is to expand and upgrade resources to reserves at the El Valle property in Asturias, Spain with a view to re-starting operations at the mine and mill complex there, and to establish resources to support a mine and mill at Corcoesto in Galicia, Spain where it has an option to earn a 65 percent interest. It currently has 43,372,320 common shares issued and outstanding; 67,056,236, fully diluted. For additional details on the company, please see the website www.kinbauri-gold.com.
To find out more about Buffalo Gold Ltd. (CDNX:BUF-U.V - News), please visit the company website at www.buffalogold.ca.
On behalf of the Board of Directors of BUFFALO GOLD LTD.
Damien Reynolds, Chair of the Board of Directors and Chief Executive Officer
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission ("SEC") permits mining companies in filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company may use certain terms in this news release, such as "inferred resource", that the SEC guidelines strictly prohibit from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure contained in the Company's Form 20-F Registration Statement, File No. 000- 30150. The Company's filings are available on the SEC's website at sec.gov.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Buffalo Gold Ltd.
Julie Hajduk
Investor Relations
(604) 685-5492 or Toll Free: 1-888-685-5492
(604) 685-2536 (FAX)
Email: julie@buffalogold.ca
Website: buffalogold.ca
Source: Buffalo Gold Ltd. |
