News: Ventana Announces New Discovery
posted on
Nov 03, 2009 10:22AM
Ventana Announces New Discovery - Parallel Structure With 14 Metres of 14.18 Grams Per Tonne Gold - VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2009) - Ventana Gold Corp. (TSX:VEN)("Ventana" or "the Company") announces drill results from a hole targeted at a comparable structure to the La Mascota zone on the La Bodega gold project in Colombia. Hole 146 encountered 14.0 metres grading 14.18 grams per tonne gold, starting at a depth of 296.0 metres. The hole was drilled at a minus 50° inclination near section 9550 and encountered a significant new mineralized zone which appears to be a parallel structure containing high-grade, hydrothermal breccias. It is situated about 325 metres into the footwall and to the southeast of the main La Mascota structure. Ventana President and CEO Steve Orr said: ""This is an important and exciting development as it supports our theory that the system contains parallel structures to the La Mascota zone. Although further drilling is required to confirm the orientation of this new structure, we believe it could be the continuation of mineralization encountered in previous drilling at Las Mercedes, 500 metres to the northeast, where drilling in 2008 intercepted 16 metres of 6.19 grams per tonne gold in hole 68. We will begin drilling at Las Mercedes within a few days in an effort to better define the mineralization along this trend." Assays are pending for hole 148, which was drilled at minus 60° on the same section as hole 146. To view the map accompanying this press release please click on the following link:http://media3.marketwire.com/docs/VEN1103.pdf The true width of the reported intercept in hole 146 is approximately 11 metres. The true width of the reported intercept in hole 68 is not known at this time. The 2009 drill program is part of Ventana's ongoing gold exploration program in the California-Vetas gold mining district of northeast Colombia. Ventana's exploration activities are currently concentrated on the high-grade La Mascota zone. Property acquisitions in early 2009 consolidated a land position that now totals 4,573 hectares and added additional strike length that may extend the La Mascota zone 1,300 metres to the southwest. Mineralization at the La Bodega project occurs as a series of north-northwest-dipping parallel-sheeted vein zones, breccias and mineralized faults hosted within a broad, northeast trending regional fault zone. A drill hole location map, cross sections and a complete listing of drill intercepts reported to date are available atwww.ventanagold.com. Review by Qualified Person, Quality Control and Reports To ensure reliable sample results Ventana has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawed in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent local laboratory established by a joint effort between the regional environmental permitting agency and the German Geological Survey, and at the Colombian preparation laboratory of ACME Analytical Laboratories. Prepared samples are direct-shipped to ACME Analytical Laboratories in Vancouver, B.C., an ISO 9001:2000 certified laboratory, for analysis. Pulp splits of mineralized intervals are re-assayed at an independent referee laboratory, Inspectorate America Corp. in Reno, Nevada. Independent NI 43-101 technical reports have been prepared by EurGeol Miller O'Prey, P.Geo., for the La Bodega project and the nearby California-Vetas project to provide an updated review of the exploration activities that have occurred on the projects. These reports, dated June 14, 2008, are posted on Ventana's website atwww.ventanagold.com.
The results of Ventana's drilling program have been reviewed, verified and compiled by Jon Lehmann, L.P.G., a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Lehmann has over 25 years of mineral exploration experience, is a Licensed Professional Geologist in the State of Washington and a member in good standing of the Canadian Institute of Mining and Metallurgy.