Argentina Gold Mining Update.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 3, 1998-- Argentina Gold Corp. (VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP.) (ARP - VSE) - HOLE 72: 36 METRES OF 4.704 G/T G/T Gifted and Talented G/T Gain Over Temperature G/T Antenna Gain-to-System Noise Temperature Ratio GOLD, 18.07 G/T SILVER - Argentina Gold Corp. (the "Company") is pleased to announce the results from Hole 72 drilled 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 . Assays are pending on 11 metres. Please see attached map. -0-
HOLE TOTAL INTERVAL FROM TO GOLD SILVER GOLD
DEPTH (m) (m) (m) (g/t) (g/t) EQUIV.
(m) (g/t)
--------------------------------------------------------------
72 345 30 4 34 0.723 1.400 0.751
28 34 62 0.174 2.614 0.226
12 62 74 0.728 2.216 0.770
11 74 85 pending pending pending
36 85 121 4.704 18.070 5.066
27 121 148 0.520 11.770 0.764
21 148 169 1.047 16.810 1.384
23 169 192 0.494 16.730 0.829
153 193 345 0.208 5.427 0.317
Hole 72 shows that the top 192 metres of the hole are ore grade Ore grade is a measure that describes the concentration of a valuable natural material (such as metals or minerals) in its surrounding ore. Ore grade is used to assess the economic feasibility of a mining operation: the cost of extracting a natural material from its ore is directly with no overburden o·ver·bur·den tr.v. o·ver·bur·dened, o·ver·bur·den·ing, o·ver·bur·dens 1. To burden with too much weight; overload. 2. To subject to an excessive burden or strain; overtax. n. 1. and that a 36 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, sector of higher grade (>5 g/t Au equivalent) is available. Pending assays on the 11 metres interval are expected soon. The higher grades in Hole 72 show a correlation with the NW target. This possibility will be investigated in the next drilling season which is expected to commence in September/October. Hole 72 expands our preliminary inferred resource which remains open in all directions. Further assay results on the remaining holes are expected shortly. ON BEHALF OF THE BOARD J. Patricio Jones, President NOTE: Location map available from the Company at the phone number listed below. -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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