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Batero Announces Update on La Cumbre Project - Oxides Zone, Colombia
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2018) - Batero Gold Corp. (TSXV: BA...
About this update from Batero Gold Corp.
[{"type":"text","content":"Batero Announces Update on La Cumbre Project - Oxides Zone, ColombiaVancouver, British Columbia--(Newsfile Corp. - July 26, 2018) - Batero Gold Corp. (TSXV: BAT) (FSE: 68B) (OTC Pink: BELDF) (\"Batero,\" The \"Company\") is pleased to report the update of the La Cumbre - Oxide Zone, which is part of the Batero-Quinchía project (the \"Project\") 100% owned by the Company, located in the department of Risaralda, Colombia.The evaluation of the zone of oxide mineralization in sectors surrounding the deposit of La Cumbre continued with a phase of systematic geochemical exploration and mapping in the sectors of Mandeval, La Lengüita and Dos Quebradas. A total of 100 soil samples during the first semester of 2018 were collected.MandevalLa LengüitaDos QuebradasGeochemical sampling552124This exploratory phase indicated that an oxide zone with potential to concentrate gold and silver mineralization is developed in the sectors of Dos Quebradas and Mandeval, while the La Lengüita sector has no potential due to the presence of a structural zone that does not generate a significant volume of potential resources.Figure 1: Geochemical sampling location Mandeval, La Lengüita and Dos QuebradasTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4253/36200_36200_a1532564027867_4.jpgThe firm LINAMEC SAG PERU was contracted to update the gold and silver resource estimate of the La Cumbre Deposit - Oxide Zone and complete an NI 43-101 technical report. This report will be published when it is completed.At the same time, the services of GeoLogic and GeoEntech - Peru were contracted to analyze alternatives for a mining plan and define suitable areas for the location of the mining infrastructure. The characterization and definition of these areas involved 62 geotechnical tests and standard penetration tests were carried out, results of which are currently being evaluated.Additionally, METTS - Peru was contracted to perform metallurgical tests of cyanide leaching in columns, with material from the oxide and transition zones of the deposit. Oxide zone material for the tests was sourced from 3 trenches of more than 6m deep to extract a ROM sample of 1.5Tn. Transition zone material consisted of 500kg from 113 samples of coarse sample rejects.Results of assays reported by ALS Chemex — Per...