Argentina Gold: Hole 84 Completed Results: 126 Metres @ 2.7 g/t Gold and 22.8 g/t Silver Including 64 Metres @ 3.4 g/t Gold and 21.1 g/t/ Silver.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 29, 1998-- Argentina Gold Corp. (VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP)(the "Company") is pleased to announce the complete assay results for Hole 84 drilled on the Amable target at the Veladero project in San Juan, Argentina San Juan is the capital city of the Argentine province of San Juan in the Cuyo region, located in the Tulúm Valey, west of the San Juan River, and at 650 m above mean sea level, with a population of around 112,000 as per the 2001 census INDEC] (over 450,000 counting the . The pending results that have now been received have increased the high grade intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. to 126 metres of 2.66 grams per tonne gold and 22.77 grams per tonne silver. This intercept includes a 64 metre interval of 3.4 grams per tonne gold and 21.05 grams per tonne silver. The entire length of the hole was 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. . Details are in the following table: -0-
Hole Total Depth Interval From To Gold Silver
(m) (m) (m) (m) (g/t) (g/t)
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84 324 126 98 224 2.66 22.77
including 64 160 224 3.40 21.05
100 224 324 0.43 8.86
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Hole Total Depth Gold Equiv. Azimuth Angle Distance
(m) (g/t) (1) from
Hole 76
(m)
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84 324 3.12 265 -75 205
including 3.82 (SW)
0.61
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(1) 1 g/t Au = 50 g/t Ag
-0- Hole 84 was drilled 100 metres south of Hole 80 which returned 212 metres of 3.67 grams per tonne gold and 47.71 grams per tonne silver. The holes drilled to date at the Amable target indicate a NNE NNE abbr. north-northeast Noun 1. NNE - the compass point that is midway between north and northeast nor'-nor'-east, north northeast strike in excess of 300 metres with a width along the section of Holes 76 and 82 of 200 metres. Drilling is continuing to the south and west. Approximately 6,000 metres of drilling is scheduled at the Amable target. The Amable target is located 2.5 kilometres to the southeast of the Filo Federico and NW targets from which the Company recently received an independent resource estimate of 2.4 million ounces of gold and 75 million ounces of silver. Please visit our website for maps and detailed information on the Veladero targets. The website address is www.argentinagold.com. Argentina Gold is the operator of the Veladero project holding a 60 percent interest. The Company's partner, Barrick Gold Barrick Gold Corporation TSX: ABX NYSE: ABX is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Corp., holds the remaining 40 percent. The samples are assayed by CIMM CIMM Canadian Institute of Mining and Metallurgy CIMM Centro de Informação Metal Mecânica (Brazil) CIMM Commodity Integrated Material Manager CIMM Configuration; Installation; and Maintenance Manual Labs of Chile using top quality control systems and interlab check assays. ON BEHALF OF THE BOARD J. Patricio Jones, President 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. |
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