Argentina Gold: Veladero Drilling Program Update.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 27, 1998-- Argentina Gold Corp.(VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP) Argentina Gold Corp. (the "Company") is pleased to announce the following drillhole results from its Veladero project 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 EQUIV
(m) (m) (m) (m) (g/t) (g/t) (g/t)
63 371 93 278 371 0.50 21.50 0.93
30 341 371 0.83 53.20 1.89
65 350 259 101 360 0.67 20.60 1.08
73 287 360 0.78 51.16 1.80
71 360 125 0 125 0.46 6.03 0.58
135 105 240 0.16 23.13 0.62
-0- The bottom section of Hole 63 (drilled 230 metres NNE NNE abbr. north-northeast Noun 1. NNE - the compass point that is midway between north and northeast nor'-nor'-east, north northeast of Holes 64A-B A-B Air-Britain (UK-based aviation historical society) A-B Research Centre Applied Biocatalysis (Graz, Austria) ) shows that intersections similar to those of the west flank of Filo Federico extend this far east (plus/minus 500 metres) at the same elevation level. Holes 64A (106 metres abandoned) and 64B (317 metres - abandoned) which were drilled on the higher sectors of Filo Federico (collared at 4606 metres elevation) contained no anomalies, as they did not reach the top level 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. (average elevation: 4280 metres). Based on the results of 9 boreholes (56, 57, 58, 59, 61, 62, 65, 68, 70) the Company has a preliminary evaluated area of 18 hectares where 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. interval thickness averages 190 metres with a grade of 1.2 g/tn Au equivalent, suggesting that an inferred resource of 3 million ounces is possible. Should the remaining 8 boreholes, pending receipt of assay values, show equivalent thickness and grades to the 9 boreholes above, the inferred resource could enlarge substantially. Pending assays are expected to be completed by the second week of June and are to be published as soon as complete holes are received. The Company shall fully evaluate the potential resource at Filo Federico at that time. Additional potential includes the eastern flank of the Filo Federico diatreme diatreme A volcanic pipe, filled with breccia, formed by a subterranean gaseous explosion. See illustration at batholith. and targets to the southeast of the existing drill locations. ON BEHALF OF THE BOARD, J. Patricio Jones, President -0- 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 |
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