Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (254)	10/9/1998 9:25:00 AM
From: Neil Irwin	Read Replies (1) \| Respond to of 3282

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: ARGENTINA GOLD CORP. VSE SYMBOL: ARP OCTOBER 8, 1998 Argentina Gold Hole 79 Results : 114 metres at 1.488 g/t Gold and 55.2 g/t Silver - Partial Results - Assays Below 182 Metres Pending VANCOUVER, BRITISH COLUMBIA--Argentina Gold Corp. (the "Company") is pleased to announce the first results of the 1998/1999 drilling program at the Company's Veladero project in San Juan, Argentina. Analysis of the first 182 metres of Hole 79 returned an open-ended mineralized intercept of 114 metres of 1.488 grams per tonne gold and 55.2 grams per tonne silver (2.592 g/t gold equivalent). Hole 79 was drilled 110 metres north-northeast of last season's Hole 76 which returned 193 metres of 1.49 grams per tonne gold and 55.09 grams per tonne silver. The partial results of Hole 79 illustrate the uniformity of the mineralization and geology at the Amable target. The Amable target is a large geophysical/geochemical anomaly of 800 metres by 300 metres at the southeast flank of the Cerro Pelado anomaly. Hole Total Interval From To Gold Silver Gold Equiv. Depth (m) (m) (m) (m) (g/t) (g/t) (g/t) x 79 312 114 68 182 1.488 55.2 2.592 assays below 182 m are pending Previously Reported ... 76 340 193 37 230 1.49 55.09 2.592 x 50 g/t Ag=1 g/t Au Hole 80 (drilled 100 metres south of Hole 76) and Hole 81 (drilled 200 metres north of Hole 76) are complete with assays pending. Drilling of Hole 82 (located 150 metres west of Hole 76) is underway. 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. The Amable target has the potential to host a similar resource as the Filo Federico target with lesser overburden and higher grades. Several structurally controlled zones has shown to contain high-grade gold mineralization within a silicified tabular zone of more than 150 metres. The geological model established for the Amable target based on the results from Hole 76 and geophysical and geochemical data is so far confirmed with the drilling conducted to date this season. From near surface, strong silicification with abundant oxides (jarosite) affects the tuff ring breccias which transitionally grade into basement crystalline tuffs. Please visit our new 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. ON BEHALF OF THE BOARD J. Patricio Jones, President Note: Location map is available from the Company at the telephone number listed below.