Argentina Gold Hole 79 Results : 114 Metres at 1.488 g/t Gold and 55.2 g/t Silver - Partial Results - Assays Below 182 Metres Pending.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 8, 1998-- Argentina Gold Corp.(VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP.) Argentina Gold Corp. (the "Company") is pleased to announce the first results of the 1998/1999 drilling program at the Company's 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 . Analysis of the first 182 metres of Hole 79 returned an open-ended 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. intercept of 114 metres of 1.488 grams per tonne gold and 55.2 grams per tonne silver (2.592 g/t gold equivalent). Hole 79 was drilled 110 metres north-northeast of last season's Hole 76 which returned 193 metres of 1.49 grams per tonne gold and 55.09 grams per tonne silver. The partial results of Hole 79 illustrate the uniformity of 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. and geology at the Amable target. The Amable target is a large geophysical/geochemical anomaly of 800 metres by 300 metres at the southeast flank of the Cerro Pelado anomaly.
Hole Total Interval From To Gold Silver Gold Equiv.
Depth
(m) (m) (m) (m) (g/t) (g/t) (g/t) x
79 312 114 68 182 1.488 55.2 2.592
assays below 182 m are pending
Previously Reported ...
76 340 193 37 230 1.49 55.09 2.592
x 50 g/t Ag=1 g/t Au
Hole 80 (drilled 100 metres south of Hole 76) and Hole 81 (drilled 200 metres north of Hole 76) are complete with assays pending. Drilling of Hole 82 (located 150 metres west of Hole 76) is underway. 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. The Amable target has the potential to host a similar resource as the Filo Federico target with lesser overburden and higher grades. Several structurally controlled zones has shown to contain high-grade gold mineralization within 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. tabular zone of more than 150 metres. The geological model established for the Amable target based on the results from Hole 76 and geophysical and geochemical data is so far confirmed with the drilling conducted to date this season. From near surface, 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. with abundant oxides (jarosite) affects the tuff ring A tuff ring or tuff cone is a wide, low-rimmed, well-bedded accumulation of debris built around a volcanic vent located in a lake, coastal zone, marsh or an area of abundant groundwater. breccias which transitionally grade into basement crystalline tuffs. Please visit our new 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. ON BEHALF OF THE BOARD J. Patricio Jones, President Note: Location map is available from the Company at the telephone 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. |
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