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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Mr. Oil who wrote (3012)3/1/1999 10:52:00 AM
From: Gord Bolton  Read Replies (1) of 3282
 
Veladero Growth Continues - Argentina

March 1, 1999

Vancouver-based Argentina Gold (VSE: ARP) says results from the latest
three holes drilled at its Veladero gold-silver project in Argentina's
western San Juan province have increased the grades and extended
mineralization at the property. Drilling continues.

Results included 70m grading 5.72g/t gold, 52.34g/t silver (gold
equivalent 6.77g/t) on the Amable target and 142m grading 2.63g/t gold
and 32.8g/t silver. Current reserve estimates for Veladero are eight
million ounces of gold equivalent.

Argentina Gold is the project's operator with a 60% interest, with
Toronto-based Barrick Gold (NYSE, TSE, MSE: ABX) holding 40%. CIMM Labs
of Chile assay the drill samples.

Source: BNA
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