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Message: News from VEN

News from VEN

posted on Mar 01, 2010 12:33PM

Drilling southwest towards GWY.

March 1, 2010 - 7:09 AM EST
VEN:CA 8.52 0.25
Today 5d 1m 3m 1y 5y 10y
VENGF 7.9135 0.0929
Today 5d 1m 3m 1y 5y 10y
Ventana Announces Additional La Mascota Drill Results-El Cuatro Extension Drilling Intercepts 37.0 Metres of 5.6 Grams Per Tonne Gold, 65 Grams Per Tonne Silver, and 0.41% Copper-
Ventana Announces Additional La Mascota Drill Results-El Cuatro Extension Drilling Intercepts 37.0 Metres of 5.6 Grams Per Tonne Gold, 65 Grams Per Tonne Silver, and 0.41% Copper-

VANCOUVER, BRITISH COLUMBIA, Mar. 1, 2010 (Marketwire) -- Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") is pleased to announce drill results from nine additional holes on the La Bodega gold project in Colombia, including gold, silver and copper assays.

Five of the new holes were infill holes in the main La Mascota zone (holes 168, 176, 194, 195 and 196), two were step-out holes drilled on the El Cuatro property (holes 187 and 197), one was an exploration hole in the Las Mercedes zone (hole 188), and one was an infill hole from the La Bodega zone (hole 198). Refer to the attached map and cross sections for details: http://media3.marketwire.com/docs/ventana0301a.pdf.

Of note among these results is hole 187, which was drilled on the El Cuatro property, approximately 500 metres to the southwest of the known mineralization at the La Mascota zone. This hole was drilled at a -50 degree angle and encountered an intercept, currently interpreted to be close to the true width, of 37.0 metres grading 5.61 grams per tonne gold, including an interval of 7.0 metres at 15.38 grams per tonne gold, demonstrating that high-grade gold mineralization continues along strike to the southwest.

The infill drilling at La Mascota continues to return excellent results, with hole 168 returning a 27.0 metre intercept grading 10.55 grams per tonne gold and hole 195 returning a 70.0 metre intercept grading 4.69 grams per tonne gold. The silver and copper values are also consistent with previous La Mascota results, reflecting significant additional value per tonne of ore.

Ventana President and CEO Steve Orr said: "This most recent set of results has increased our confidence in the La Mascota zone by confirming that mineralization is present at similar style and grades along strike as far as 500 metres to the southwest of the current infill drilling area. La Mascota is shaping up to be one of the most exciting high-grade gold discoveries in recent years, and we are confident that further drilling will continue to expand this world-class deposit. We will maintain our current rate of exploration with nine drills distributed between the La Mascota, La Bodega and Las Mercedes zones."

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