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CARSON GOLD CORP. HAS REACHED AN AGREEMENT ON THE LA RAYA CONCESSION, KILOMETER 88 MINING DISTRICT, VENEZUELA

 VANCOUVER, British Columbia, Feb. 4 /PRNewswire/ -- Carson Gold Corp. (Vancouver: CQG) is pleased to announce that it has reached an agreement to earn up to a 100 percent interest in the La Raya concession from a Venezuelan company, Technogeo C.A. Carson can earn its 100 percent interest by making cash payments of U.S. $1,700,000 over a four-year period.
 The La Raya concession covers 810 hectares and is located in the Kilometer 88 Mining District, 10 kilometers west of the main highway and 10 kilometers south of Placer Dome's Las Cristinas property. During the last 10 years the La Raya concession has been extensively worked by local miners for gold by mining alluvial and saprolite material from a number of widespread pits, including the large Maicena and Olimpo Pits.
 The Maicena Pit is flooded but is reported to contain a high grade gold bearing shear within a 100 meter wide alteration zone. A small mill processed eight to 12 grams gold/ton material from the pit for a number of years. The Maicena area displays stockwork quartz in clay altered intermediate volcanics and presents a large tonnage, low grade gold target.
 The Olimpo pit also hosts a gold bearing shear zone. The Olimpo zone occurs within strongly sheared, hematite-clay altered saprolite and contains gold grades of 9.6 grams gold/ton over six meters. Local miners are currently hydrauling the zone and recovering gold by sluicing methods.
 Excellent exploration potential exists for extending the strike length of each zone, and for the discovery of parallel and/or splay structures.
 The La Raya concession will be joint ventured with Venezuelan Goldfields Ltd. ("Vengold") initially on a 60/40 basis. To earn its 60 percent interest, Vengold will assume all financial obligations to acquire, explore and develop the property to production feasibility. Under certain conditions, Vengold is entitled to increase its interest in the property to 70 percent.
 The common shares of Carson Gold Corp. trade on the Vancouver Stock Exchange under the symbol "CQG."
 -0- 2/4/93
 /CONTACT: Eric V. Friedland, director of Carson Gold, 604-731-1094/
 (CQG.)


CO: Carson Gold Corp. ST: British Columbia IN: MNG SU:

MS -- LA032 -- 3057 02/04/93 14:05 EST
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Publication:PR Newswire
Date:Feb 4, 1993
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