Ventana Gold Corp.

Ventana Gold Corp.

December 14, 2009 12:24 ET

Ventana Announces Additional La Mascota Drill Results-60 Metres of 10.1 Grams Per Tonne Gold, 37.2 Grams Per Tonne Silver and 0.35% Copper-

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") is pleased to announce drill results from 13 additional holes on the La Bodega gold project in Colombia. These latest drill results include silver and copper assays as well as gold.

Twelve of the new holes were infill holes, with one step-out hole extending 400 metres from the La Bodega property line onto the El Cuatro property.

Hole 171 intercepted 60 metres of 10.06 grams per tonne gold in the far northeast portion of La Mascota (section 9900E), where previous drilling had indicated the structure was thinning. This intercept indicates that mineralization is increasing at depth in that area, and opens up additional expansion potential.

Hole 164 (section 9300E), intercepted 64 metres of 4.77 grams per tonne gold before terminating in mineralization. In the same section, the previously reported adjacent hole 122 intercepted 47 metres of 4.65 grams per tonne gold before also ending in mineralization. Additional drilling is scheduled to determine the extent of mineralization in this area.

In section 9250E, hole 151 appears to have terminated prior to intercepting the main La Mascota structure, which seems to be steepening in this area. This hole will be deepened to determine whether mineralization exists at greater depth.

Hole 152 (section 9400E) was a re-drill of hole 124, which terminated in mineralization due to drilling problems after intercepting 32 metres of 5.11 grams per tonne gold. Hole 152 confirmed the mineralization encountered in hole 122, intercepting 34.8 metres of 4.61 grams per tonne gold in the same area and an additional 23 metres of 3.02 grams per tonne gold a short distance thereafter.

Hole 161 was a step-out hole drilled on section 8900. It intercepted 26 metres grading 1.14 grams per tonne gold and confirmed that the La Mascota structure, or a split of the La Mascota structure, continues to the southwest. Ventana will be drilling an additional fence of holes in this area to determine if a parallel split of mineralization exists. Geologic mapping and other mine workings on the El Cuatro property suggest that an additional, untested mineralized structure is present approximately 100 metres to the south.

Infill drilling continues to demonstrate continuity of mineralization in the La Mascota zone and has increased confidence in the interpretation of the high-grade breccia veins and enveloping silicification.

Ventana has 10 drills conducting exploration drilling at the La Bodega project. Seven of these are devoted to La Mascota infill drilling, one is doing strike extension drilling on La Mascota, and one is drilling on Las Mercedes zone. The 10th drill is idle pending mechanical repair but will be assigned to step-out drilling upon reactivation.

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 are currently concentrated on the high-grade La Mascota zone. Property acquisitions in early 2009 consolidated a land position that now totals 4,573 hectares and 2.1 kilometres of strike extent.

Mineralization at the La Bodega project 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.

Select drill hole intercepts are reported below:

DRILL HOLE NO. (metres) (metres) (metres) tonne) tonne) (%)
La Mascota Zone
DDH-09-LB-150 80.00 115.00 35.00 2.63 8.63 0.06
215.00 228.00 13.00 1.98 8.14 0.03
240.00 259.00 19.00 8.37 18.38 0.19
DDH-09-LB-151 244.00 254.50 10.50 1.40 34.78 0.13
DDH-09-LB-152 185.00 217.00 32.00 5.11 21.46 0.12
includes 187.00 191.00 4.00 8.96 98.20 0.46
231.00 267.00 36.00 3.64 35.99 0.20
includes 246.50 251.50 5.00 9.52 105.14 0.66
DDH-09-LB-158 123.00 132.00 9.00 3.78 27.59 0.14
129.00 132.00 3.00 7.94 50.33 0.33
includes 278.00 281.00 3.00 5.68 23.12 0.14
DDH-09-LB-159 313.94 355.00 41.06 6.02 38.17 0.11
includes 319.90 324.00 4.10 13.52 191.36 0.47
332.00 342.00 10.00 13.11 45.00 0.15
DDH-09-LB-161 259.00 285.00 26.00 1.14 73.83 0.07
DDH-09-LB-163 97.40 100.80 3.40 18.15 34.14 0.12
278.00 288.00 10.00 7.05 9.67 0.02
338.00 380.00 42.00 5.88 11.45 0.12
includes 345.00 347.00 2.00 12.35 70.00 1.08
389.00 397.00 8.00 6.87 29.53 0.12
453.00 456.50 3.50 8.08 8.07 0.01
DDH-09-LB-164 208.00 213.96 5.96 7.02 31.19 0.03
221.00 284.98 63.98 4.77 38.33 0.25
includes 236.00 249.00 13.00 9.43 87.33 0.72
DDH-09-LB-165 167.00 203.00 36.00 2.48 13.93 0.14
includes 183.95 187.00 3.05 6.49 70.55 0.74
DDH-09-LB-167 46.00 48.00 2.00 8.60 71.22 0.15
129.00 147.30 18.30 2.70 17.98 0.02
includes 134.11 136.30 2.19 12.33 98.95 0.08
157.00 180.00 23.00 3.02 13.38 0.10
DDH-09-LB-171 121.92 124.96 3.04 17.84 25.68 0.13
192.00 197.00 5.00 6.57 14.91 0.02
276.00 336.00 60.00 10.06 37.18 0.35
includes 285.00 293.00 8.00 16.83 135.92 1.40
and 311.00 314.24 3.24 89.29 19.85 0.14
DDH-09-LB-172 131.00 153.00 22.00 5.34 43.41 0.43
DDH-09-LB-173 78.63 144.00 65.37 1.98 23.23 0.23
includes 112.60 117.00 4.40 8.71 208.45 2.65

Drill intercepts are based on a 0.5 gram/tonne gold cut-off with no upper cut. Drill intercept lengths are down-hole lengths of mineralization with true widths ranging between 25% -50% of the reported down-hole lengths depending on hole angle.

A complete listing of drill intercepts reported to date is available at

Review by Qualified Person, Quality Control and Reports

The results of Ventana's drilling program have been reviewed, verified and compiled by Jon Lehmann, L.P.G., a qualified person as defined by National Instrument 43-101 (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 and the German Geological Survey, and at the Colombian preparation laboratory of ACME Analytical Laboratories. 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, P.Geo., 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 Ventana's website at

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 project 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.

For additional information please visit

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.

To view accompanying map, please click on the following link:

To view La Mascota Zone Section 8900E (Looking East), please visit the following link:

To view La Mascota Zone Section 9250E (Looking East), please visit the following link:

To view La Mascota Zone Section 9300E (Looking East), please visit the following link:

To view La Mascota Zone Section 9400E (Looking East), please visit the following link:

To view La Mascota Zone Section 9600E (Looking East), please visit the following link:

To view La Mascota Zone Section 9800E (Looking East), please visit the following link:

To view La Mascota Zone Section 9850E (Looking East), please visit the following link:

To view La Mascota Zone Section 9875E (Looking East), please visit the following link:

To view La Mascota Zone Section 9900E (Looking East), please visit the following link:

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