To: Robert Dydo who wrote (217 ) 6/18/1998 1:31:00 PM From: Abner Hosmer Respond to of 3282
Argentina Gold Corp - News Release Filo Federico results Argentina Gold Corp ARP Shares issued 33,113,389 Jun 17 close $0.62 Thu 18 Jun 98 News Release Mr. J. Patricio Jones reports The company has received further assay results from the Veladero project in San Juan, Argentina. Filo Federico Results from hole 73 are in the following table: Inter- Au Total From-To val Au Ag equiv* depth (m) (m) (g/t) (g/t) (g/t) Hole No. 73 305 188-305 117 0.462 16.03 0.782 Incl 286-306 19 1.230 20.04 1.640 *50 g/t Ag = 1 g/t Au The top of the mineralized zone intersected by hole 73 can be correlated with the top of the mineralized zone at hole 63. This indicates that the mineralized zone (which is open at depth) may extend continuously towards the southeast and eastern border of the Filo Federico diatreme, an area not yet drill tested. Southern Extensions of NW Target Hole 74, drilled south of the NW target to a total depth of 379 metres, encountered no mineralization from surface down to 320 metres. Assay results of the bottom 52 metres are pending. SE Target Holes 77 and 78 were drilled approximately 600 metres south of hole 76 on the edges of the geochemical and geophysical (CSAMT) anomalies. No mineralization was encountered indicating this area constitutes the southeastern edge of the mineralized system. Assays are pending from 262 to 350 metres on hole 78. Assay results are pending for hole 75. When all assays are received, the company will release a full evaluation of the results. Technical Audit An independent geologic audit has been contracted. Requested tasks include an audit of all matters related to sample production, sample preparation, transport, reliability of sample procedures, laboratory reliability and accuracy, etc. The audit is to include an estimate of the resources as can be obtained from the work completed to date, and its categorization as per accepted resource classification standards. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com