Posted in | Gold | Mining Business

Batero Gold to Prepare Initial NI-43-101 Compliant Resource Estimate for Batero-Quinchia Project

Batero Gold Corp. (TSX VENTURE:BAT) has advised that it has engaged the services of Scott Wilson Roscoe Postle Associates Inc. to prepare the Company's initial NI-43-101 compliant resource estimate.

Scott Wilson RPA will carry out a comprehensive Quality Assurance/Quality Control and data review program for the Batero-Quinchia Project and will follow-up by preparing a NI-43-101 Technical Report based on the results of the current drilling program. Batero is pleased to be working with a Company that is considered the leader in its field of work. Scott Wilson RPA's geologist is currently on site at the Project.

The Company's Phase 1, 16,000 metre, four drill rig program is proceeding on schedule. The first drill hole has been recently completed and is considered a delineation drill hole collared approximately 150 metres ESE from the eastern most historic drill hole completed in 2006 at La Cumbre porphyry. The Company has targeted average drill hole depths for the Phase 1 drill program at 350 metres with several drill holes planned to drill 1,000 metre's to test the vertical extent of La Cumbre porphyry. The first drill hole was programmed to a depth of 350 meters but the Company decided to extend the depth to the drill rig's capacity of 600 meters. Drill results are anticipated to be released shortly. Currently two drill rigs are in operation at the Project with the third and fourth drill rigs scheduled to arrive over the next month. Phase I is scheduled to be completed within four months of mobilization of all four drill rigs to the Project.

In addition, the Company's Project-wide auger drilling soils' program is nearing completion. Channel sampling and trenching is ongoing. The total number of samples collected to date is in excess of 1000. Further, the ground based geophysical program (see October 12, 2010 press release) is also nearing completion targeting the Company's multiple prospective targets and porphyry target centres defined from the historic 2006 drill program. A summary of results are pending and will be released once received, verified and evaluated.

The Batero-Quinchia Project is located in the prolific Middle Cauca Belt which hosts two gold deposits: Marmato deposit (Medoro Resources) located approximately 20 kilometres north of the Batero-Quinchia Project and La Colosa deposit (AngloGold Ashanti) located approximately 100 kilometres south of the Batero-Quinchia Project. This belt is also host to other recognized porphyry gold deposits including Titiribi, La Mina, and Quebradona.

Darren Anderson, P.Geo, the qualified person for the Company, has reviewed the accuracy of the technical portion of the news release.

Source: Batero Gold Corp.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit