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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Rocket Red who wrote (813)	10/29/1998 8:03:00 PM
From: morrie	of 3282

Don't know if you guy's got this posted yet. disclaimer FOR FURTHER INFORMATION PLEASE CONTACT: Argentina Gold Corp. Sophia Shane Corporate Development (604) 689-7842 The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: ARGENTINA GOLD CORP. VSE SYMBOL: ARP OCTOBER 29, 1998 Argentina Gold: Hole 84 Completed Results: 126 Metres @ 2.7 g/t Gold and 22.8 g/t Silver Including 64 Metres @ 3.4 g/t Gold and 21.1 g/t/ Silver VANCOUVER, BRITISH COLUMBIA--October 29, 1998 (ARP - VSE) ... Argentina Gold Corp. (the "Company") is pleased to announce the complete assay results for Hole 84 drilled on the Amable target at the Veladero project in San Juan, Argentina. The pending results that have now been received have increased the high grade intercept to 126 metres of 2.66 grams per tonne gold and 22.77 grams per tonne silver. This intercept includes a 64 metre interval of 3.4 grams per tonne gold and 21.05 grams per tonne silver. The entire length of the hole was mineralized. Details are in the following table: /T/ Hole Total Depth Interval From To Gold Silver (m) (m) (m) (m) (g/t) (g/t) ----------------------------------------------------------------- 84 324 126 98 224 2.66 22.77 including 64 160 224 3.40 21.05 100 224 324 0.43 8.86 ----------------------------------------------------------------- Hole Total Depth Gold Equiv. Azimuth Angle Distance (m) (g/t) (1) from Hole 76 (m) ----------------------------------------------------------------- 84 324 3.12 265 -75 205 including 3.82 (SW) 0.61 ----------------------------------------------------------------- (1) 1 g/t Au = 50 g/t Ag /T/ Hole 84 was drilled 100 metres south of Hole 80 which returned 212 metres of 3.67 grams per tonne gold and 47.71 grams per tonne silver. The holes drilled to date at the Amable target indicate a NNE strike in excess of 300 metres with a width along the section of Holes 76 and 82 of 200 metres. Drilling is continuing to the south and west. Approximately 6,000 metres of drilling is scheduled at the Amable target. The Amable target is located 2.5 kilometres to the southeast of the Filo Federico and NW targets from which the Company recently received an independent resource estimate of 2.4 million ounces of gold and 75 million ounces of silver. Please visit our website for maps and detailed information on the Veladero targets. The website address is www.argentinagold.com. Argentina Gold is the operator of the Veladero project holding a 60 percent interest. The Company?s partner, Barrick Gold Corp., holds the remaining 40 percent. The samples are assayed by CIMM Labs of Chile using top quality control systems and interlab check assays. ON BEHALF OF THE BOARD J. Patricio Jones, President -30- morrie

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