Business
Batero Extends Continuity of Higher Grade Core of Oxidized Gold Mineralization
VANCOUVER, BC--(Marketwired - March 08, 2016) - Batero Gold Corp. ("Batero," "the Company") (TSX VENTURE: BAT) is pleased to report results from the holes drill
About this update from Batero Gold Corp.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - March 08, 2016) - Batero Gold Corp. (\"Batero,\" \"the Company\") (TSX VENTURE: BAT) is pleased to report results from the holes drilled at the La Cumbre deposit (\"La Cumbre\") at the Company's 100% owned Batero-Quinchia project (\"the Project\"), located in Risaralda, Colombia. These 11 holes represent 36% of the Company's planned 2015/2016 infill drill program. La Cumbre near surface Drill Highlights: DDH-ZO-011 106.9 m grading 1.47 g/t gold and 2.34 g/t silver from 4.5 m to 111.4 m including 17.5 m grading 2.05 g/t gold and 0.72 g/t silver from 4.5 m to 22.0 m DDH-ZO-004 22.3 m grading 1.19 g/t gold and 1.25 g/t silver from 3.7 m to 26 m DDH-ZO-005 35.5m grading 1.02 g/t gold and 5.33 g/t silver from 2.5 m to 38.0 m DDH-ZO-009 37.4 m grading 0.81 g/t gold and 2.96 g/t silver from 4.6 m to 42 m See Figure 1, Figure 2 for a Location Map and Cross Sections of 2015/2016 Drill Hole Locations. Please visit www.baterogold.com for all maps. See Table 1 for 2015/2016 Drill Hole Results and Table 2 for Drill Hole Specifications. The 2015/2016 infill drill program was initiated after receipt of a gap analysis from Heap Leach Consulting SAC outlining steps required to move towards a production decision on the higher grade central portion of the La Cumbre deposit. Prior to drilling, 9,593 meters of drill core were re-logged and an updated geological model was completed. A total of 30 infill drill holes totalling of 3,000 metres are planned for the 2015/2016 drill program with 11 drill holes completed to date (see assay results in Table 1). An additional 12 drill holes have been completed and assay results are pending. All drill holes were completed on time and under budget. The infill drill results at La Cumbre continue to outline additional volumes of higher grade oxidized gold mineralization in the deposit's core which grades in excess of 1.0 g/t gold and occurs near and at surface. Infill drill results also extend the trend of La Cumbre's higher grade core to the south. The 11 holes reported here total 907.95 metres and are located within a 530 metre northwest-southeast striking zone of continuous gold mineralization that starts at surface. \"We are pleased that the results from our 2016 drill program continue to outline grades of over 1+ g/t gold in the large continuous zones of mine...