Oct 13 2010
Batero Gold Corp. (TSX VENTURE:BAT) reports that work has commenced on its ground based IP, Magnetometry, and Radiometric surveys at the Batero-Quinchia Project in Risaralda Department, Colombia.
The work program includes the completion of 57.6 line kilometres of geophysical profiling on a 50 metre line spaced grid. The program was initiated October 6, 2010 and the work is being conducted by an independent international geophysical consulting firm.
The purpose of the geophysical program is to further define detailed drill targets beneath the extensive untested soil geochemistry and rock sample anomalies. The grid will also encompass three known Au-Cu porphyry mineralized zones identified from historic drilling. To date, the three Miocene intrusive centers have been identified in a north-south trend with a strike extension of approximately 3 kilometres, and at elevations between 1600m and 1950m. These centres all host gold and copper mineralization. Concurrently, the new porphyry discovery at Matecana (see news release dated September 9, 2010) will also be covered in addition to other areas on the property that are deemed significant as the result from geological field mapping and geochemical sampling.
Brandon Rook, President and CEO states, "This program will help identify possible new targets that were not identified from the previous airborne magnetic survey and to also better define potential drill targets that were identified. This program will also cover multiple breccia's identified at surface, significant areas of quartz stockwork and veining and localized areas of shear zone mineralization."
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 Sunward's Titiribi, Belhaven's La Mina, and B2Gold's 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.