Ventana Gold Corp.
TSX : VEN

Ventana Gold Corp.

September 09, 2009 10:58 ET

Ventana Announces Additional La Mascota Drill Results-19.0 Metres of 27.05 Grams Per Tonne Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or the "Company") is pleased to provide drill results from another 11 holes in its ongoing 2009 drill program at its flagship La Bodega gold property in Colombia. Eight of these holes were in-fill holes which confirmed earlier high-grade results and continuity of mineralization. Three holes were step-out holes drilled along strike with the La Mascota mineralized zone, extending the strike length of La Mascota by 25 metres to the northeast and 50 metres to the southwest. La Mascota has now been defined along a strike length of 800 metres.

Ventana has five drills operating after the removal of one drill due to mechanical problems. The current drill program is testing the down-dip and strike extensions as well as in-fill drilling of the high-grade La Mascota zone. The northeast-trending La Mascota zone has now been defined to a depth of up to 400 metres down-dip, with estimated true composite widths of 20 to 80 metres, and remains open for expansion in all directions.

Ventana President and CEO Stephen Orr said these drill results continue to be encouraging. "Drill holes 117 and 122 indicate that La Mascota is trending toward the recently acquired Coloro and El Cuatro land blocks, which provide an additional 1.3 kilometres of potential strike length. At the same time, infill drilling demonstrates good continuity both along strike and down-dip."

Select drill hole intercepts are reported below:

DRILL HOLE NO.FROM (metres)TO (metres)INTERVAL (metres)Au (grams/tonne)
La Mascota Zone
DDH-09-LB-113142.15149.006.854.19
DDH-09-LB-117362.00389.0027.002.26
DDH-09-LB-119198.00216.0018.009.27
DDH-09-LB-122
and
163.50
205.80
174.30
252.80
10.80
47.00
5.54
4.65
DDH-09-LB-124187.00221.8034.804.61
DDH-09-LB-126190.00233.0043.004.42
DDH-09-LB-128
and
180.00
215.90
199.00
221.85
19.00
5.95
27.04
16.01

Drill intercepts are based on a 0.5 gram/tonne gold cut-off with no upper cut. Drill intercept lengths are down-hole lengths reflecting apparent widths of mineralization with true widths ranging between 50% -80% of the reported down-hole lengths.

The holes reported upon here include holes 113 and 116 through 130, excluding those holes which were abandoned early due to drilling problems (116,118 and 121) and 125 and 129, for which assays have not yet been received. Holes 117 and 122 extended the mineralization an additional 50 metres along strike to the southwest; however, due to drilling difficulties both holes were terminated prior to traversing the projected mineralized zone. Hole 117 intercepted 27.00 metres of 2.26 grams per tonne gold and hole 122 intercepted 47.00 metres of 4.65 grams per tonne gold, with the final 1.0 metre sample at the bottom of the hole assaying 10.64 grams per tonne gold. Hole 113 extended the known mineralization an additional 25 metres along strike to the northeast, where the mineralized structure appears to be thinning, intercepting 6.85 metres of 4.19 grams per tonne gold.

A drill hole location map and a complete listing of drill intercepts from the first 130 drill holes are available at www.ventanagold.com.

The 2009 drill program is part of Ventana's ongoing gold exploration program in the California-Vetas gold mining district of northeast Colombia. Ventana's exploration activities and all drilling to date have been concentrated on its flagship La Bodega property. Recent property acquisitions have added 1,300 metres of potential strike length to extend the La Mascota zone to the southwest and consolidated a land position that now totals 4,573 hectares.

Mineralization at La Bodega occurs as a series of north-northwest-dipping parallel-sheeted vein zones, breccias and mineralized faults hosted within a broad, northeast trending regional fault zone.

La Mascota Drill Results
Hole 117 was a step-out hole to test the strike extension of La Mascota to the southwest. It was drilled at a -75 degree angle in a 140 degree direction. It cut through three mineralized structures ranging from 5.30 to 27.0 metres in drilled length, with the best of these including 27.0 metres of 2.26 grams per tonne gold starting at 362.0 metres. The hole was terminated due to drilling problems prior to reaching its planned depth.

Hole 119 was an infill hole drilled in the central portion of La Mascota to test the continuity of mineralization between previous holes 36 (27.4 metres of 17.44 grams per tonne gold) and 39 (20.8 metres of 3.94 grams per tonne gold). It was drilled at a -75 degree inclination due south and cut through nine mineralized intervals ranging from 1.0 to 18.0 metres in drilled length, with the best interval including 18.0 metres of 9.27 grams per tonne gold (including 3.0 metres of 30.50 grams per tonne gold) starting at 198.0 metres drilled depth.

Hole 120 was drilled from the same site as hole 119 at a –52 degree inclination due south to test the up-dip extension of the mineralization in that sector. It cut through five mineralized intervals ranging from 1.0 to 8.1 metres in drilled length with the best interval including 8.1 metres of 4.23 grams per tonne gold.

Hole 122 was a 50 metre step-out hole to the southwest drilled at a -57 degree inclination due south. It cut through three mineralized intervals with the best including 10.8 metres of 5.54 grams per tonne gold starting at 163.5 metres drilled depth and 47.0 metres of 4.65 grams per tonne gold starting at 205.8 metres. The hole was terminated at 252.8 metres depth due to drilling problems while still in strong mineralization with the last sample assaying 10.64 grams per tonne gold. Hole 122 demonstrated that strong mineralization continues along strike at least another 50 metres to the southwest.

Hole 123 was an infill hole drilled in the central portion of La Mascota to test the continuity of mineralization previously found in holes 45 (38.8 metres of 2.38 grams per tonne gold) and 48 (20.0 metres of 2.88 grams per tonne gold). It cut through eight mineralized intervals with best including 31.8 metres of 1.43 grams per tonne gold starting at 165.0 metres drilled depth.

Hole 124 was an infill hole drilled in the southwest sector of La Mascota at a -60 degree inclination due south. It intercepted 34.8 metres of 4.61 grams per tonne gold starting at 187.0 metres drilled depth and was terminated while still in mineralization due to drilling problems.

Hole 126 was an infill hole drilled in the northeast sector of La Mascota to test the continuity of mineralization between previous holes 55 (27.5 metres of 8.01 grams per tonne gold) and 60 (49.0 metres of 3.52 grams per tonne gold). It cut through six mineralized intervals with the best including 43.0 metres of 4.42 grams per tonne gold starting at 190.0 metres drilled depth.

Hole 127 was an infill hole drilled between holes 48 (20.0 metres of 2.88 grams per tonne gold) and 123 (31.8 metres of 1.43 grams per tonne gold). It cut an interval of 32.9 metres of 2.77 grams per tonne gold starting at 249.0 metres drilled depth, confirming the continuity of mineralization.

Hole 128 was an infill hole drilled in the central portion of La Mascota to test the continuity of high-grade mineralization previously encountered in holes 47 (20.3 metres of 11.62 grams per tonne gold) and 77 (21.0 metres of 6.29 grams per tonne gold). It intercepted 19.0 metres of 27.05 grams per tonne gold starting at a drilled depth of 180.0 metres and then another interval 16.0 metres further down the hole of 5.95 metres of 16.01 grams per tonne gold, indicating that the high-grade mineralization persists for at least 100 metres down-dip in this area.

Hole 130 was an infill hole drilled in the northeast sector of La Mascota to test the down-dip continuity of previous mineralization encountered in hole 7 (64.66 metres of 2.39 grams per tonne gold). It cut through four mineralized intervals with the best including 8.0 metres of 8.69 grams per tonne gold starting at 226.0 metres drilled depth.

Hole 113 was a step-out hole drilled from the far northeast section of La Mascota. It was drilled at a -70 degree angle in a 140 degree direction to test the strike extension to the northeast. It cut through three mineralized intervals ranging from 5.0 to 9.0 metres in drilled length, with the best of these including 6.85 metres of 4.19 grams per tonne gold (including 1.0 metres of 17.96 grams per tonne gold) starting at 142.2 metres drilled depth. Hole 113 extended the strike length of La Mascota an additional 25 metres to the northeast.

Holes 116, 118 and 121 were abandoned due to drilling problems.

Holes 125 and 129 have assays pending.

Review by Qualified Person, Quality Control and Reports
The results of the company's drilling program have been reviewed, verified and compiled by Jon Lehmann, L.P.G., a qualified person as defined by NI 43-101. Mr. Lehmann has over 25 years of mineral exploration experience, is a Licensed Professional Geologist in the State of Washington and a member in good standing of the Canadian Institute of Mining and Metallurgy.

To ensure reliable sample results Ventana has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawed in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent local laboratory established by a joint effort between the regional environmental permitting agency ("CDMB") and the German Geological Survey, and at the Colombian preparation laboratory of Inspectorate Laboratories, a worldwide ISO 9001:2001 certified laboratory. Prepared samples are direct-shipped to ACME Analytical Laboratories in Vancouver, B.C., an ISO 9001:2000 certified laboratory, for analysis. Pulp splits of mineralized intervals are re-assayed at an independent referee laboratory, Inspectorate America Corp. in Reno, Nevada.

Independent NI 43-101 technical reports have been prepared by EurGeol Miller O'Prey, PGeo, for the La Bodega project and the nearby California-Vetas project to provide an updated review of the exploration activities that have occurred on the projects. These reports, dated June 14, 2008, are posted on the Company's website at www.ventanagold.com.

About Ventana
Ventana is a Vancouver-based mineral exploration and development company with mineral rights to 4,573 hectares of exploration property in northeastern Colombia. Ventana is currently drilling at the La Bodega property with a focus on expanding the high-grade La Mascota zone. The Company's shares trade on the Toronto Stock Exchange under the symbol VEN.

Cautionary Statement Regarding Forward-looking Information
Certain of the statements made and information contained in this press release may constitute forward-looking information within the meaning of applicable securities legislation. All information and statements which are not historical fact constitute forward-looking information and, in many cases, can be identified by words such as "may", "will", "expect", "plan", "anticipate", "believe", "estimate", "potential", or other similar terminology. The forward-looking information contained in this press release is based on the reasonable expectations and beliefs of management as at the date of this press release and involves numerous assumptions, known and unknown risks and uncertainties, both general and specific to Ventana and the industry in which the Company operates. Such assumptions, risks and uncertainties include, but are not limited to future prices of gold, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated as well as those factors disclosed in Ventana's documents filed from time to time with the securities regulators in the provinces of British Columbia, Alberta and Ontario. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Company, or industry results, may vary materially from those described in this press release. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as otherwise required by law, Ventana does not intend to and assumes no obligation to update or revise forward-looking information, whether as a result of new information, plans, events or otherwise.

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