Hemisphere Gold Inc (fka HPGI)

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Hemisphere Gold Receives Auger Assays

Hemisphere Gold Inc. (Pink Sheets:HPGI), a gold exploration, property acquisition and mining development company, is pleased to announce that it has received some assays on the deep auger sampling program.
Results of the on-going auger sampling program over areas of stream sediment gold anomalies contain samples that are anomalous in gold. The anomalous values are greater than several hundred parts per billion gold (ppb) and some values are over 1000 ppb gold.
The data are being further processed and integrated with the recently completed airborne geophysical survey to better define gold targets and plans for further exploration. The initial grid samples are very wide spaced and these results are very encouraging for evidence of gold mineralization.
Samples are subjected to standard quality control procedures of the gold industry and are being assayed by The Assay Office in Suriname. The lab is a well recognized professional lab used by all international mining companies working in Suriname including Newmont, Iamgold, Reunion Gold, Golden Star, and Canarc.
Gold rose on Tuesday as bargain hunters resurfaced after a price drop the previous day but trading remained volatile with investors closely watching tensions in the Middle East and movements of the dollar. "Many investors think this price level is the bottom. Gold may increase to $700 by the end of June," said Yukuji Sonoda, precious metals analyst at Daiichi Commodities in Tokyo.
About the Company
Hemisphere Gold Inc. is in the business of exploration and acquisition of gold properties in some of the world's best gold districts. The Company's objective is to take advantage of high-yielding untapped mineral producing properties through exploration and acquisition. The Company's flagship property is in Suriname, a democratic country which has had mining operations since the 1700s. Suriname is an emerging major gold producer with international companies showing interest. Hemisphere is committed to maintaining environmental stewardship, occupational safety and corporate responsibility.
For more information, please visit http://www.hemispheregold.com/.