Business
Batero Gold Drills 106.9 Metres Grading 1.47 g/t Au at Batero-Quinchia Deposit
VANCOUVER, BC--(Marketwired - August 18, 2017) - Batero Gold Corp. ("Batero," the "Company") (TSX VENTURE: BAT) is pleased to report results from 51 holes drill
About this update from Batero Gold Corp.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 18, 2017) - Batero Gold Corp. (\"Batero,\" the \"Company\") (TSX VENTURE: BAT) is pleased to report results from 51 holes drilled at the Company's 100% owned Batero-Quinchia project (the \"Project\"), located in Risaralda, Colombia. These 51 holes represent the conclusion of the Company's most recent infill drill program. The infill drilling program was designed to increase confidence in, and define the depth of, the oxide and transition zones of the Batero-Quinchia deposit and provide additional confidence in the La Cumbre, Mandeval and La Lengüita targets. Infill drill results, auger and channel sample results at the Project continue to provide gold grades in excess of 1.0 g/t gold at or near surface. The 2016/17 drill program consisted of 51 holes over 6,008 metres and 657 auger and channel samples (See Figure 1). Figure 1. Plan Map Showing Location of Drill Holes and cross section A-A' Drill Hole Highlights: DDH-ZO-011: From 4.5 to 111.4 meters (end of hole) 106.9 metres grading 1.47 g/t gold. DDH-ZO-047: From 3 to 170 meters 167 metres grading 1.01 g/t gold DDH-ZO-048: From 3.5 to 230 meters 226.5 metres grading 1.0 g/t gold DDH-ZO-049: From 2.5 to 150 meters 147.5 metres grading 1.13 g / t gold DDH-ZO-051: From 4.5 to 174 meters 169.5 metres grading 1.01 g/t gold The sampling program completed 657 surface samples which confirms gold mineralization in La Cumbre and Mandeval, and delineates the La Lengüita mineralization along the San Luis creek. \"We are pleased the results from our recent drill program continue to outline grades of over 1.0 g/t gold near surface,\" stated Gonzalo de Losada, Batero's President and Chief Executive Officer. \"These positive drill results improve the confidence in the Batero-Quinchia deposit and further delineate the near surface oxide zone.\" Cross section N-585300 from La Cumbre (Figure 2) shows the depth of the near surface oxide and transition zone. Figure 2. Long Section A-A', Showing Current Release Drill Holes Table 1 - Sampling Summary CHANEL SAMPLES AUGER SAMPLES SECTOR No.Samples Average (g/t) Au Au Range (g/t) Au No.Samples Average(g/t) Au Au Range(g/t) La Cumbre 54 0.393 0.0025 to 1.57 263 0.538 0.02 to 2.64 Mandeval 12 0.335 0.102 to 0.983 30 0.379 0.06 to 1.25 La Leng...