January 11, 2012
Highway 50 Announces Drilling Program Completed at Porter Canyon
Vancouver, British Columbia -- Highway 50 Gold Corp. (HWY-TSX.V) January 11, 2012
Highway 50 Gold Corp. (the "Company") announces the completion of a drill program at its 100% owned Porter Canyon project located in Lander County, approximately 30 km south of Austin, Nevada.
At the two sites drilled, alluvium was greater than 400 metres thick and no bedrock was encountered. The Company is currently evaluating structurally permissive areas which exhibit alteration (bleaching and decalcification) and may be indicative of a Carlin-type gold system in the southwest corner of the Quito Lower-plate window.
The Company is currently permitting eight additional drill sites for follow-up drilling on its Golden Brew project around drill hole GB-3 which intersected strong Carlin-type alteration and pathfinder elements (arsenic and antimony) in Lower-plate silty limestones. Sizable surface showings of significant gold mineralization are exposed 1.3 kilometres east of hole GB-3.
This news release has been reviewed by Gordon P. Leask, P.Eng., President and CEO of the Company, and a Qualified Person ("QP") as defined by National Instrument 43- 101 (Standards of Disclosure for Mineral Projects).
ON BEHALF OF THE BOARD OF DIRECTORS,
"Gordon P. Leask"
Gordon P. Leask, P. Eng. President and CEO
Additional Information - For more information please contact us at (604) 681-4462. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ martially from those in forward- looking statements include changes in metal prices, changes in the availability of funding, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ martially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.