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Argentina Gold: High-Grade Hole in Northwestern Filo Federico; Further Results From Western Filo Federico, Eastern Filo Federico, Amable and Amable North.



VANCOUVER, British Columbia--(BUSINESS WIRE)--March 15, 1999-- Argentina Gold Corp. (VSE See DOS/VSE.

VSE - Virtual Storage Extended
:ARP)(the "Company") is pleased to announce the results of Holes 115, 117, 119, 120, 125, 128 and 129 drilled at the Western Filo Federico target and Hole 116 drilled at the Amable target and Hole 118 drilled at Amable North and Hole 123 drilled at the Eastern Filo Federico target.

Western Filo Federico

Results of Holes 115, 117, 119, 120, 125, 128 and 129 are in the following table.

The current reverse circulation drilling being conducted at Western Filo Federico is designed to provide definition of the continuity of mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 between the Filo Federico target and the NW target. The results provide further evidence that the two targets may be part of the same deposit and provide a preliminary control of the mineralized min·er·al·ize  
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es

v.tr.
1. To convert to a mineral substance; petrify.

2. To transform a metal into a mineral by oxidation.

3.
 zones. The continuity between the two targets is observed in the volcanic sequence brecciation brec·ci·ate  
tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates
To form (rock) into breccia.



brec
 and the intensity of massive, crystalline Like a crystal. It implies a uniform structure of molecules in all dimensions. For example, phase change technology, widely used for rewritable optical discs, uses crystalline spots (bits) to reflect the laser beam. Amorphous, non-crystalline bits do not reflect light.  silica silica or silicon dioxide, chemical compound, SiO2. It is insoluble in water, slightly soluble in alkalies, and soluble in dilute hydrofluoric acid. Pure silica is colorless to white.  events, as well as jarosite veinlets. The strength of these indicators is a key factor in identifying higher grade zones. In this regard, structural crosscutting cross·cut·ting  
n.
A technique used especially in filmmaking in which shots of two or more separate, usually concurrent scenes are interwoven. Also called intercutting.
 structures play an important role along the NW and NE trending systems.

High grade gold was intercepted in Hole 129 in the north-northwestern sector of Filo Federico. Holes 115, 117 and 120 showed lower grade gold with some high silver values. Gold grades improved in Holes 119, 125 and 128. -0-
Hole Total Int- From To  Gold Silver Gold Azimuth    Co-
     Depth erval(m)  (m) (g/t) (g/t) Equiv.    Angle ord-
            (m)                     x(g/t)          inates

129  150    43   18   61  5.01 pend.       125  -65 2406727 E
     incl.   8   50   58  8.35                      6752639 N
                                                            Elev. 4206

128  170   118   52  170  0.70 pend.       125  -65 2406691 E
     incl.  21   92  113  1.44                      6752608 N
                                                            Elev. 4211

125  150    50    8   58  1.24 pend.       210  -70 2406519 E
                                                             6752497 N
                                                         Elev. 4278.61

120  157    10   68   78  0.80 7.50  0.95  210  -70 2406609 E
                                                             6752482 N
                                                            Elev. 4254

119  150    22   57   79  1.13 pend.       125  -70 2406791 E
                                                             6752613 N
                                                            Elev. 4235

117  200    85   46  131 0.565 11.60 0.80  200  -75 2406672 E
     incl.  42   89  131 0.784 11.88 1.02           6752491 N
                                                Elev. 4254.61

115  150   104   46  150 0.226 22.25 0.67  150  -75 2406646 E
     incl.  26   66   92 0.443 27.89 1.00           6752457 N
     incl.   7  143  150 0.011 78.00 1.57       Elev. 4260.76

(x) 50 g/t Ag = 1 g/t Au


-0-

Amable Target

Hole 116, drilled from the same platform as Hole 84 in an ESE ESE
abbr.
east-southeast

Noun 1. ESE - the compass point midway between east and southeast
east southeast
 direction, returned a long intercept intercept

in mathematical terms the points at which a curve cuts the two axes of a graph.
 of 256 metres of 0.776 g/t gold and 15.43 silver.

This hole, drilled to test the continuity of Amable high grade gold/silver at the southeast end of the target showed the abrupt contact (faulted) with the volcanic hosts. Higher grade mineralization represents the interception of diatreme diatreme  

A volcanic pipe, filled with breccia, formed by a subterranean gaseous explosion. See illustration at batholith.
 breccias, whereas in the host rocks, mineralization decreases.

-0-
Hole Total Int- From To  Gold Silver Gold Azimuth    Co-
     Depth erval(m)  (m) (g/t) (g/t) Equiv.    Angle ord-
            (m)                     x(g/t)          inates

116  306   256   50  306 0.776 15.43  1.08 100  -73 2407645 E
     incl.  82   50  132 1.52  24.69  2.01          6750394 N
     incl.  16  174  190 0.84  10.84  1.06         Elev. 4375
     incl.   5  242  247 1.31   6.32  1.44

(x) 50 g/t Ag = 1 g/t Au


-0- Amable North

Hole 118, collared 50 metres east of Hole 111, showed discontinuous discontinuous /dis·con·tin·u·ous/ (dis?kon-tin´u-us)
1. interrupted; intermittent; marked by breaks.

2. discrete; separate.

3. lacking logical order or coherence.
 mineralization within an anomalous but low grade long intercept. Two other holes have been completed at this target (Holes 124 and 133) and assays are pending.

-0-
Hole Total Int- From To  Gold Silver Gold Azimuth    Co-
     Depth erval(m)  (m) (g/t) (g/t) Equiv.    Angle ord-
            (m)                     x(g/t)          inates

118  400     8  163  171 0.94  21.13  1.36 270  -75 2407481 E
     and    14  239  253 0.65  53.36  1.72          6751200 N
     and    13  259  272 1.01  22.46  1.46         Elev. 4462
     and    14  287  301 0.62   8.06  0.78

(x) 50 g/t Ag = 1 g/t Au


-0-

Eastern Filo Federico

Results from Hole 123, located 150 metres northwest of Hole 91, returned good silver grades but low gold anomalies. This hole confirmed the continuous distribution of border, transitional and phreatic phre·at·ic  
adj.
Of or relating to ground water.



[From Greek phrear, phreat-, well, spring; see bhreu- in Indo-European roots.]

Adj. 1.
 breccias along the NE rim of the system. Together with Holes 67 and 70 from previous seasons, as well as Hole 91, these holes show that the external section of the volcanic systems has transitional zones transitional zone
n.
1. The region of the lens of the eye where cells from the anterior epithelial capsule become transformed into the fibers that compose the lens substance.

2.
 of gold, grading into richer silver zones. Follow up drilling in the area will test for more intense brecciation zones associated to the late event, gold-only, high grade mineralization.

-0-
Hole Total Int- From To  Gold Silver Gold Azimuth    Co-
     Depth erval(m)  (m) (g/t) (g/t) Equiv.    Angle ord-
            (m)                     x(g/t)          inates

123  350   119  231  350 0.09  24.19  0.57 270  -75 2407648 E
     incl.  21  298  319 0.13  51.30  1.16          6752305 N
                                                            Elev. 4429

(x) 50 g/t Ag = 1 g/t Au


-0-

Drilling continues at Western Filo Federico, Eastern Filo Federico, Amable, Amable North and Palito

There are currently 3 reverse circulation rigs and 3 diamond rigs in operation. The following holes are complete with assays pending or currently under way as indicated:

Western Filo Federico

Hole 126, collared 150 metres west of Hole 98 (complete).

Hole 130, collared 90 metres south of Hole 98 (complete).

Hole 131, drilled from the same platform as Hole 112 in a westerly Westerly, town (1990 pop. 21,605), Washington co., extreme SW R.I., between the Pawcatuck River and Block Island Sound; inc. 1669. Its textile industry dates from 1814, and granite has been quarried there since c.1850.  direction (complete).

Hole 134, collared 75 metres southeast of Hole 114 (complete).

Hole 135, drilled from the same platform as Hole 112 in a easterly direction (complete).

Hole 136, drilled from the same platform as Hole 125 in a northwesterly north·west·er·ly  
adj.
1. Situated toward the northwest.

2. Coming or being from the northwest.



north·west
 direction (complete).

Hole 137, collared 50 metres northeast of Hole 55 (previous season), (complete).

Hole 138, collared 50 metres northeast of Hole 125, (complete).

Hole 139, collared 60 west of Hole 121, is under way.

Diamond Hole DDF DDF Distributed Data Facility
DDF Digital Distribution Frame
DDF Director's Discretionary Fund
DDF Danske Dagblades Forening
DDF District Development Fund (UN)
DDF Data Decryption Field
DDF Drug and Disease Free
1, the first diamond hole to be drilled at Filo Federico (Hole DDF1) is under way and is twinning Hole 72, a hole from the previous season.

Amable

Diamond Hole DDA DDA Disability Discrimination Act (1995, UK)
DDA Downtown Development Authority
DDA Doha Development Agenda
DDA Delhi Development Authority
DDA Department for Disarmament Affairs
DDA Demand Deposit Account
DDA Domain Defined Attribute
2, collared 15 metres north Hole 89, resumed at 162 metres is under way.

Diamond Hole DDA3, a twin of RC Hole 80, is under way.

Amable North

Hole 124, collared 50 metres south of Hole 100 (complete). Hole 33, collared 75 metres north of Hole 100, is under way.

Palito

Hole 127, the first hole to test this new target at western Cerro Pelado (complete).

Lukas H. Lundin, Director

NOTE: Location maps available from the company at the number listed below.

The Vancouver Stock Exchange Vancouver Stock Exchange (VSE)

A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.


Vancouver Stock Exchange

See Canadian Venture Exchange (CDNX).
 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Geographic Code:1CANA
Date:Mar 15, 1999
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