Ventana Gold Corp.
TSX : VEN

Ventana Gold Corp.

February 01, 2010 14:03 ET

Ventana Announces Additional La Mascota Drill Results; 76 Metres of 5.1 Grams Per Tonne Gold and 115 Metres of 4.3 Grams Per Tonne Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2010) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") is pleased to announce drill results from nine additional holes on the La Bodega gold project in Colombia, including silver and copper assays as well as gold.

Eight of the new holes were infill holes in the main La Mascota zone and one was a step-out hole drilled on the El Cuatro property. Refer to the attached map and cross sections for details: http://media3.marketwire.com/docs/0201ven.pdf

The infill drilling at La Mascota continues to return excellent results with holes 189 and 190 each having six substantially mineralized intercepts throughout the entire drill hole. Hole 185 was drilled on the El Cuatro target and returned a broad intercept of lower grade. This drill hole was located south of the last result in El Cuatro and closer to the existing mining operation. The silver and copper values are also consistent and reflect significant additional value per ton of ore.

Ventana currently has nine drills active at La Bodega and 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. FROM
(metres)
TO
(metres)
INTERVAL
(metres)
GOLD
(grams/
tonne)
SILVER
(grams/
tonne)
COPPER
(%)
DDH-09-LB-175 231.00
260.00
256.03
380.00
25.03
120.00
3.60
2.03
19.31
20.45
0.07
0.11
DDH-09-LB-182 274.00
313.00
389.00
276.00
349.00
394.00
2.00
36.00
5.00
169.26
5.13
5.02
537.50
39.64
10.01
0.22
0.15
0.03
DDH-09-LB-183

                            Includes
                                   and
                                   and
188.00
211.00
224.30
262.12
274.50
339.00
200.90
287.20
229.90
266.10
278.00
343.10
12.90
76.20
5.60
3.98
3.50
4.10
3.33
5.11
17.49
18.84
15.81
12.62
13.62
20.17
55.45
58.09
37.71
1.75
0.03
0.13
0.42
0.20
0.20
0.01
DDH-09-LB-184 271.00 305.90 34.90 5.05 16.66 0.10
DDH-09-LB-185 310.00
398.06
379.00
407.20
69.00
9.14
1.04
4.75
25.36
35.48
0.12
0.10
DDH-09-LB-186 200.50 316.00 115.50 4.26 25.17 0.14
DDH-09-LB-189


                            Includes
                                   and
228.00
264.10
292.10
295.50
354.30
373.30
470.30
522.80
245.00
281.00
361.30
312.00
359.30
457.00
494.20
533.00
17.00
16.90
69.20
16.50
5.00
83.70
23.90
10.20
3.78
6.82
4.91
9.96
20.77
3.33
6.60
2.75
15.35
46.19
50.65
154.54
13.18
19.39
35.45
5.53
0.04
0.23
0.47
1.45
0.17
0.11
0.21
0.08
DDH-09-LB-190 15.00
209.00
250.00
286.00
303.00
418.00
16.00
243.00
274.00
298.00
335.00
422.00
1.00
34.00
24.00
12.00
32.00
4.00
53.20
2.19
5.61
3.06
5.13
8.63
19.00
14.49
91.61
12.87
18.89
16.50
<0.01
0.08
0.22
0.15
0.16
0.12
DDH-09-LB-192 104.70 107.60 2.90 9.86 35.37 0.12

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 20% -90% of the reported down-hole lengths depending on hole angle.

A complete listing of drill intercepts reported to date is available at www.ventanagold.com.

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 ALS Chemex Laboratories. Prepared samples are direct-shipped to ALS Chemex Laboratories in Lima, Peru, an ISO 9001:2000 certified laboratory, for analysis.

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 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 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.

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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