VENTANA ANNOUNCES ADDITIONAL DRILL RESULTS –�
LA BAJA INTERSECTS 17 METRES OF 6.55 GRAMS PER TONNE GOLD AND LA MASCOTA
CONTINUES TO DEMONSTRATE SIGNIFICANT RESULTS
Vancouver,
B.C., November 30, 2010 – Ventana Gold Corp. (TSX: VEN) ("Ventana”
or the "Company”) is pleased to announce results from 13 of 14
additional exploration holes drilled at the La Bodega gold project in Colombia.
A complete listing of drill intercepts and details on the cross sections are
available on the Company’s website at www.ventanagold.com.
Highlights
-
La Mascota hole 329 returned 32 metres
of 24.6 g/t gold, hole 331
returned 45 metres of 24.5 g/t gold,
and hole 338 returned 20 metres of 34
g/t gold and 28 metres of 11.5 g/t
gold, hole 345 returned 103 metres
of 4.1 g/t gold, �and hole 346
returned 23 metres of 8.9 g/t gold
- La Mascota SW Extension hole 330 returned 3 metres of 16.5 g/t gold and 91
metres of 1.3 g/t gold
- La Baja hole 335 returned 17
metres of 6.55 g/t gold
Details
Ten of the new holes (326, 329, 331, 336,
338, 342, 343, 345, 346 and 349) are infill holes from La Mascota where
25-metre infill drilling is ongoing to upgrade resources from the inferred to
indicated category. The infill drilling continues to return excellent results confirming
the continuity of mineralization and delineating periodic bonanza grade sectors
within the deposit. Holes of particular note include hole 329 on section 9625E,
which returned 32 metres of 24.62 grams per tonne gold and hole 331 on section
9675E, which returned 45 metres of 24.51 grams per tonne gold. Hole 338 on
section 9575E intersected two good intervals, 28 metres of 11.45 grams per
tonne gold and 20 meters of 34.33 grams per tonne gold. Further, hole 346 on
section 10000 intersected 23 metres of 8.86 grams per tonne at the very
northeast end of La Mascota toward the La Bodega zone. The La Mascota deposit
remains open to expansion along strike in both directions as well as down-dip.
Please see attached map for further detail.
The Company continues to intercept better than average grade mineralization on
the La Baja property.�� Hole 335 on
section 9050 intersected 17.16 metres of 6.55 grams per tonne gold, which
extends mineralization down-dip from the previously reported hole 322 that
intercepted 19 metres of 4.41 grams per tonne gold. These results continue to
confirm the extension of the La Mascota structure to the southwest through La
Baja.
Hole 330 on section 8650E in La Mascota’s SW Extension intersected a thick
and consistent interval of 91.18 metres of 1.31 grams per tonne
gold.�
Drilling is still sparse in this area but the average resource
grade in this area is similar to the main
La Mascota zone.
Drilling has only recently resumed at Las
Mercedes.� Hole 339
on section 9950-2 intercepted the
mineralized zone with a series of lower grade structures of which the longest
interval is 16 metres grading 1.89 grams per tonne gold.
Drilling
continues throughout the La Bodega project with ten drills which are engaged in
exploration of newer target areas and infill to upgrade the initial resource
from inferred to indicated and measured.
For the full press release please click here.
About Ventana
Ventana is a Vancouver-based mineral exploration and
development company with mineral rights to 4,590 hectares of
exploration property in northeastern Colombia. The Company has two project
areas, La Bodega and Cal-Vetas, of which the flagship La Bodega project contains
multiple high-grade zones of gold, silver and copper mineralization. Ventana
has announced the results to the project’s scoping study and completed its
first inferred mineral resource which includes 27 million tonnes grading 3.9
grams per tonne gold, 21.5 grams per tonne silver, and 0.14% copper for a total
of 3.5 million ounces of gold, 19.2 million ounces of silver and 84.9 mllion
pounds of copper.�� There is significant
potential to expand the resource and the Company intends to continue aggressive
exploration at the project both from surface and underground.
Ventana’s shares trade on the Toronto Stock
Exchange under the symbol VEN.
For additional information please visit www.ventanagold.com or contact:
Letitia Cornacchia, VP Investor Relations
tel +1 (416) 644-5084
email lcornacchia@ventanagold.com
Cautionary Statement Regarding Forward-looking Information
Certain of the statements made and information contained in this press
release may constitute forward-looking information within the meaning of
applicable securities legislation. All information and statements which are not
historical fact constitute forward-looking information and, in many cases, can
be identified by words such as "may", "will",
"expect", "plan", "anticipate",
"believe", "estimate", "potential", or other
similar terminology. The forward-looking information contained in this press
release is based on the reasonable expectations and beliefs of management as at
the date of this press release and involves numerous assumptions, known and
unknown risks and uncertainties, both general and specific to Ventana and the
industry in which the Company operates. Such assumptions, risks and
uncertainties include, but are not limited to future prices of gold, the
factual results of current exploration, development and mining activities,
changes in project parameters as plans continue to be evaluated as well as
those factors disclosed in Ventana’s documents filed from time to time with
the securities regulators in the provinces of British Columbia, Alberta and
Ontario. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results, performance or
achievements of the Company, or industry results, may vary materially from
those described in this press release. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except as otherwise
required by law, Ventana does not intend to and assumes no obligation to update
or revise forward-looking information, whether as a result of new information,
plans, events or otherwise.