RENO, Nev., May 8, 2006 (PRIMEZONE) -- Battle Mountain Gold Exploration Corp. (OTCBB:BMGX) ("Battle Mountain") is pleased to report that Orezone Resources Inc. ("Orezone") announced the completion of a NI 43-101 compliant resource estimate for its Sega Project in a News Release dated March 22, 2006. Battle Mountain holds a 3.0% net smelter royalty on any future production from the Sega Project.
In the News Release, Orezone announced that using a 0.5g/t cutoff, the Sega Project has estimated indicated resources of 4,844,000 tonnes grading 1.99 g/t (310,600 ounces) and inferred resources of 1,413,000 tonnes grading 1.61 g/t (73,000 ounces). The resource was estimated based on approximately 55,000m of drilling on a 25m square pattern; it incorporates exploration work performed up to mid-June 2005.
Sega Project Indicated Resources Estimates with 0.5 g/t cutoff Source: Orezone's March 22, 2006, News Release -------------------------------------------------------------------- Zone Au (g/t) Tonnes Au(oz) -------------------------------------------------------------------- Bakou 1.35 1,761,000 76,400 Gambo North 2.29 453,000 33,400 Gambo South 2.06 1,540,000 102,000 RZ 2.82 1,090,000 98,800 -------------------------------------------------------------------- Total 1.99 4,844,000 310,600 -------------------------------------------------------------------- Sega Project Inferred Resources Estimates with 0.5 g/t cutoff Source: Orezone's March 22, 2006, News Release -------------------------------------------------------------------- Zone Au (g/t) Tonnes Au(oz) -------------------------------------------------------------------- Bakou 1.02 383,000 12,600 Gambo North 1.12 112,000 4,000 Gambo South 1.94 356,000 22,200 RZ 1.89 562,000 34,200 -------------------------------------------------------------------- Total 1.61 1,413,000 73,000 --------------------------------------------------------------------
The resource estimate encompasses the three main zones of mineralization on the Sega property, but does not include the promising new Tiba 4 zone located 8km to the northeast of the three main zones, which was announced in Orezone's January 4th, 2006, News Release. Drilling highlights from the Tiba 4 zone include 30m of 4.1g/t, 7m of 14.1g/t, and 9m of 7.4g/t.
Orezone continues to actively explore the Sega Property: 2004 exploration expenditures totaled $1.9 million, 2005 exploration expenditures totaled $3.2M, and a drill program is currently underway.
Orezone has the right to buy back up to 2.0% of the royalty for a US$2.0 million payment to Battle Mountain.
The information presented above was derived from publicly available information provided by Orezone and Battle Mountain has not undertaken an independent due diligence investigation to confirm its accuracy.
About Battle Mountain Gold Exploration Corp.
Battle Mountain Gold Exploration Corp. (OTCBB:BMGX) is a gold royalty company headquartered in Reno, Nevada. Battle Mountain has a diversified portfolio of producing, developing, and exploration gold royalties in seven gold producing countries.
On behalf of the Board of Directors, Mark Kucher Chairman and CEO
To learn more please visit www.bmegold.com or email info@bmegold.com.
Battle Mountain Gold Exploration Corp. Sixth Floor, Suite 9 One East Liberty Street Reno, Nevada 89504 1 800 436 0167
Safe Harbor for Forward-Looking Statements: This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, the availability of needed personnel and equipment for future exploration and development, fluctuations in the price of minerals, and general economic conditions.