Argentina Gold: End of Season Wrap Up.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--July 20, 1998-- Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. Gold (VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP.) Argentina Gold Corp. (the "Company") is pleased to announce the final assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. results from the 1997/1998 drilling season at the Veladero project located in San Juan San Juan, city, Argentina San Juan (săn wän, Span. sän hwän), city (1991 pop. 353,476), capital of San Juan prov., W Argentina. It is a commercial and industrial center in an agricultural region. Province, Argentina. -0-
Hole Total Interval From To Gold Silver Gold
Depth (m) (m) (m) (g/t) (g/t) Equivalent
(m) (g/t) (1)
67 270 160 110 270 0.03 35.29 0.735
74 379 no mineralization
75 354 312 42 354 0.28 8.87 0.460
including 131 53 184 0.50 10.00 0.700
78 350 no mineralization
(1) 50 g/t Ag = 1 g/t Au
A total of 8,244 metres in 28 holes were drilled at the Veladero project during the 1997/1998 drilling season. The work conducted at the Veladero Project during the past 1997/1998 drilling season has resulted in: 1. The evolutionof the project from early exploration to an inferred geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. resource with the potential to constitute a viable mine. The northwestern sector of the Filo Federico Federico may refer to: In business:
dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. , gold-silver resource to an average depth of 300-350 metres and is presently being evaluated by external independent consultants. The rest of the Filo Federico Target is for the most part untested. 2. The substantial growth of 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. targets. The SE Target, renamed Amable Target, (tested in Hole 76) and a newly discovered area of resistors referred to as the Muneco Target combined with mineralized targets proven up in previous drilling seasons (Breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. Agostina - 95/96 and NW Target - 96/97) point to a very large epithermal system with gold/silver 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. identified on sites distanced as far apart as 3 kilometres. The mineralized interval encountered at the SE (Amable) Target (193 metres of 1.49 gold) is consistent in terms of width and depth with the mineralized intervals found at Filo Federico 2.5 kilometres away. The overall size of the system exceeds 12 square kilometres Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
Mexico has a long tradition of urban poverty, beginning with the léperos Target (as yet untested by drilling), favours the hypothesis that the Cerro Pelado target has a similar geological setting as the Filo Federico system and may host similar mineralization under its same "blanket" of steam heated alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. and that eventually Filo Federico and Cerro Pelado could prove to be a single, large mineralized system. In view of the Company's focus on the further development of the Veladero project, the Company has elected to drop a number of projects which were not expected to be subject to significant additional exploration. These projects are: La Poposa, Las Lenas, Mal Paso, Las Estacas, Agua Agua (ä`wä, ä`gwä), inactive volcano, 12,310 ft (3,752 m) high, S Guatemala. In 1541, climaxing several days of unceasing rain and earthquakes, a wall of water swept down from its slopes, completely destroying Ciudad Vieja. Negra and Sierra de Pescado. ON BEHALF OF THE BOARD J. Patricio Jones, President -0-
Veladero 1997/1998 Drilling Results
Hole Total Interval From To Gold Silver Gold
Depth (m) (m) (m) (g/t) (g/t) Equivalent
(m) (g/t) (1)
54 319 53 152 238 0.43 0.43
including 27 292 319 11.80 0.24
55 (2) 168 168 0 168 2.70 18.34 3.07
56 303 303 0 303 1.16 14.02 1.44
including 138 70 208 1.98 19.00 2.35
57 371 371 0 371 0.55 9.00 0.73
including 109 89 198 1.27 17.30 1.61
37 138 175 1.82 22.70 2.27
58 366 365 1 366 0.75 15.13 1.050
including 202 88 290 1.10 23.70 1.574
59 240 23 67 90 0.31 3.76 0.39
including 54 166 220 0.52 38.82 1.296
84 156 240 0.38 39.50 1.17
61 389 175 214 389 0.76 15.14 1.06
including 97 274 370 0.97 21.83 1.40
60 collapsed
62 334 144 190 334 0.223 36.89 0.96
including 123 190 313 0.234 38.62 1.006
59 131 190 1.655 36.92 2.398
63 371 93 278 371 0.50 21.50 0.93
including 30 341 371 0.83 53.20 1.894
64A abandoned Did not reach top level of mineralization 64B
65A collapsed
65B 360 259 101 360 0.672 20.60 1.08
including 73 287 360 0.78 51.16 1.80
66A collapsed
66B 349 349 0 349 0.34 13.90 0.67
including 168 181 349 0.55 26.96 1.09
101 181 282 0.72 32.83 1.37
67 270 160 110 270 0.03 35.29 0.735
68A collapsed
68B 350 266 84 350 0.83 21.10 1.25
including 114 151 265 1.16 40.12 1.96
35 190 225 2.62 44.60 3.50
69 collapsed
70 336 194 81 275 0.047 38.72 0.82
including 180 81 261 0.04 40.80 0.86
71 360 125 0 125 0.465 6.03 0.585
135 105 240 0.163 23.13 0.625
72 345 192 0 192 1.51 9.935 1.71
including 118 74 192 2.153 14.91 2.45
11 74 85 3.391 5.327 3.497
47 74 121 4.397 15.09 4.70
73 305 117 188 305 0.462 16.03 0.782
including 19 286 305 1.23 20.04 1.64
74 380 no mineralization
75 354 312 42 354 0.28 8.87 0.460
including 131 53 184 0.50 10.00 0.700
76 340 193 37 230 1.49 55.09 2.592
including 41 44 85 2.533 70.34 3.94
77 351 no mineralization
78 350 no mineralization
(1) 50 g Ag = 1 g Au
(2) Drilled at end of 1996/1997 season.
Note: Location map available from the Company at the phone 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.
CONTACT: Argentina Gold Corp.
Sophia Shane, 604/689-7842
604/689-4250 (FAX)
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