Argentina Gold Drilling, Geology, Metallurgy Update.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 12, 1998-- Argentina Gold Corp.(VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP.) Argentina Gold Corp. (the "Company") is pleased to provide the following update on the Veladero, Del Carmen Carmen throws over lover for another. [Fr. Lit.: Carmen; Fr. Opera: Bizet, Carmen, Westerman, 189–190] See : Faithlessness Carmen the cards repeatedly spell her death. [Fr. and Rio Frio There are several rivers that have the name Rio Frio in the world:
VELADERO A total of 1,700 metres have been drilled to date. Holes 56 through 59 demonstrate a 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. strike length of 400 m along the northwest border of the Filo Federico diatreme diatreme A volcanic pipe, filled with breccia, formed by a subterranean gaseous explosion. See illustration at batholith. . The mineralized border correlates closely with the geophysical and geochemical anomalies. Please see attached map. Some difficulties have been encountered due to unstable rock conditions and rig breakdown. A third drill rig should be on the property shortly with possibly a fourth to be added. New drill results are in the following table:
Hole Total Interval From To Gold Silver Notes
Depth
(m) (m) (m) (m) g/t g/t
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57 371 371 0 371 0.55 9 Drilled to the
including 109 89 198 1.27 17.3 south from
37 138 175 1.82 22.7 same platform
as Hole 55.
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58 295 163 1 163 0.54 15.58 Drilling in
including 75 88 163 1.07 32.5 progress.
Remaining assays pending. Located 170 m to the northeast of
Hole 55.
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59 240 23 67 90 0.31 3.76 Located 220 m
54 166 220 0.52 38.82 southwest
84 156 240 0.38 39.5 from Hole 55.
Collapsed at 240 m.
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60 42 39 3 42 0.19 3.82 Collapsed at
42 m.
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Several other holes are in progress. Argentina Gold is the operator, holding a 60 percent interest. Barrick Gold Corporation holds the remaining 40 percent. Total budget for the project is U.S. $4.8 million. The large Cerro Pelado geochemical and geophysical anomalies are the focus of exploration this season. Within Cerro Pelado, there are 2 diatreme-dome complexes similar to those that host the 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. at the Pascua, Pueblo Viejo, Lepanto, Encajon (Yanacocha) deposits (please see attached maps). One diatreme, known as Filo Federico, extends for 1,100 by 350 m along northeast trending structures and comprises several sets of explosive breccias with strong silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. (steam heated, opaline o·pal n. 1. A mineral of hydrated silica. 2. A gemstone made of this mineral, noted for its rich iridescence. [Middle English opalus, from Latin, alteration of Greek silica and massive silica). The Filo Federico target encompasses this diatreme and is where the drilling is currently being conducted. The second diatreme, known as Cerro Pelado, has a diameter of 1,000 m and is located at the centre of the Cerro Pelado anomaly. Several outcrops of steam-heated altered 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. and matrix-rich breccias have been outlined. Detailed geochemical and geophysical testing will be conducted in this area to define its potential. Drill testing will follow. Silica-alunite zones passing into clay zones border this system for an overall extent of 3 km in diameter. The Company has conducted preliminary metallurgical testwork on 12 composite samples from the drilling to date at the Veladero project. All samples were at coarse fractions (greater than 10 mesh). Gold recovery on cyanide leaching is very high, averaging 81.5 percent. One sample had a 92.7 percent gold recovery. Generally the cyanide and calcium oxide calcium oxide, chemical compound, CaO, a colorless, cubic crystalline or white amorphous substance. It is also called lime, quicklime, or caustic lime, but commercial lime often contains impurities, e.g., silica, iron, alumina, and magnesia. consumption rate is low. The gold mineralization found to date is in quartz and oxides. Only favourable oxide mineralization has been encountered to the depths drilled. Sulphide mineralization is expected at greater depths. DEL CARMEN A 3,000 metre drilling program commenced on January 28, 1998 at the Del Carmen project. The drilling is being conducted at the Cerro Amarillo target which is a silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. 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. zone with silica- alunite-pyrite rims. Hole 26 has reached 378 metres and has intersected quartz-alunite and massive silica zones. Assays are pending. Hole 27 is currently at 250 metres. Barrick Gold Corp. is the operator of this project, holding a 60 percent interest. Argentina Gold holds the remaining 40 percent. Budget for the current season is U.S. $1.2 million. RIO FRIO WMC WMC Winter Music Conference WMC Weill Medical College (Cornell University) WMC Wisconsin Manufacturers and Commerce (Madison, WI) WMC Westchester Medical Center WMC Western Mining Corporation Limited has targeted 3 anomalies for drilling this season. Approximately 4,000 metres of drilling is scheduled with a budget of U.S. $2.1 million. WMC is the operator of this project and holds a 60 percent interest. Argentina Gold holds the remaining 40 percent. ON BEHALF OF THE BOARD J. Patricio Jones, President Note: Location maps available from the Company at the phone number listed below. CONTACT: Argentina Gold Corp. Sophia Shane, 604/689-7842 |
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