Mar 2 2015
Batero Gold Corp. ("Batero", or the "Company") is pleased to provide an exploration update for the La Cumbre deposit and surrounding areas at the 100% owned Batero-Quinchia project, Risaralda, Colombia.
The Company continues to advance the project with ongoing auger sampling of the saprolite hosted gold mineralization in recently identified extensions of the oxide zone where values up to 1.44 grams per tonne gold were obtained (see news release dated January 28, 2015). The company expects to complete the sampling of the oxide zone during the second quarter of 2015.
Following the completion of the oxide sampling, the Company intends to begin bulk sampling of the oxide mineralization for further metallurgical test work. The sampling is expected to begin in Q3-2015 with test work continuing through to year end. Previous phases of test work showed gold recoveries of 91.2% from 12 bottle roll tests on size fractions ranging from 70 microns to 100 microns. Column leach tests on half inch material, leached for 30 days, resulted in gold recoveries of 79.5 and 85.8% (see summary in Technical Report dated December 16, 2013 and filed on Sedar on December 18, 2013).
In addition to the technical studies contemplated for the year, the company also intends to begin an Environmental Impact Assessment (EIA) in Q3-2015. Approval of such an EIA is a necessary step for advancement of the La Cumbre oxide deposit.
"We are excited to be making significant progress again at the Batero-Quinchia Project. The work planned for this year will give us a good understanding of the oxide zone at La Cumbre and the surrounding areas and completion of an EIA will be a major step for the project" stated Roger Moss, President and CEO of Batero Gold. "We remain focussed on keeping our exploration costs under control without sacrificing the quality of the work or of our personnel."
The company is also pleased to announce the election of all nominated Directors at the Annual General Meeting held on February 27, 2015 and welcomes Mr. Ernesto Bendezu to the board. Mr. Bendezu is a Peruvian-based lawyer with more than 20 years of experience in the mining industry, 15 of which have been as Legal Manager with Consorcio Minero Horizonte S.A., a position he still holds.
From March 1 to 4, 2015, Batero will be exhibiting at the Prospectors and Developers Association of Canada event at the Metro Toronto Convention Centre in Toronto, Canada. Existing and prospective shareholders are encouraged to visit the Company at Booth 3230.
Dr. Roger Moss P.Geo., the Company's Qualified Person, prepared the technical information in this news release.
ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
Roger Moss, President and CEO
Source: http://www.baterogold.com/