PGM Ventures Corporation
TSX VENTURE : PPG

PGM Ventures Corporation

November 01, 2005 09:00 ET

PGM Ventures Corporation: Drill Intercept of 50 Metres at 13.7% Zn, 5.6% Pb & 188g/t Ag at Aguas Tenidas

TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2005) - As a consequence of the results recently received from the present underground drill program PGM Ventures Corporation ("PGM")(TSX VENTURE:PPG) has requested SRK to incorporate the results into the Aguas Tenidas feasibility study. The drill results, shown below, will shortly be incorporated into the mine's ore resource and mineable reserve figures and allow adjustments to be made to the underground mining and development plan.

The area currently being drilled will be accessible early in the mine's commercial life. These results indicate previous estimates of the extent and intensity of mineralisation in this part of Aguas Tenidas, derived from widely spaced surface drilling, may have been conservative.



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Section 690460
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Hole # From To Length Cu Pb Zn Ag Au
(g/t)(g/t)
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AEM-85 90.4m 128.4m 38.0m 1.70% 1.30% 7.30% 68.3 1.4
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Inc. 104.2m 128.4m 24.2m 2.80% 1.90% 9.30% 83.9 1.6
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AEM-86 81.7m 90.3m 8.6m 1.32% 2.01% 8.78% 47.2 0.9
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And 90.3m 140.9m 50.6m 2.91% 0.10% 0.42% 32.5 0.7
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Inc. 92.2m 118.4m 26.2m 3.25% 0.04% 0.19% 39.3 0.7
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AEM-87 82.8m 88.7m 5.9m 0.53% 0.29% 10.17% 91.9 na
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And 108.1m 118.3m 10.2m 2.31% 0.80% 5.82% 45.1 na
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And 129.8m 133.7m 3.9m 3.24% 0.07% 0.11% 40.2 na
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AEM-88 62.6m 75.9m 13.3m 0.86% 1.05% 4.07% 47.6 na
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And 77.8m 89.9m 12.1m 2.48% 0.66% 2.07% 49.8 na
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And 115.9m 130.0m 14.1m 2.47% 0.13% 0.75% 23.2 na
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And 138.6m 142.9m 4.3m 5.40% 2.42% 12.26% 204.6 na
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AEM-89 71.6m 78.2m 6.6m 0.18% 2.14% 4.99% 75.3 na
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And 96.1m 104.2m 8.1m 1.24% 2.10% 7.53% 70.3 na
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AEM-90 97.7m 113.8m 16.1m 2.94% 2.33% 8.57% 138.5 4.3
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Inc. 108.3m 113.8m 5.5m 2.95% 6.59% 17.66% 283.1 4.5
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Section 690500
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Hole # From To Length Cu Pb Zn Ag Au
(g/t) (g/t)
--------------------------------------------------------------------
AEM-80 81.6m 131.6m 50.0m 1.57% 5.62% 13.74% 188.2 na
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Inc. 99.6m 119.7m 20.1m 1.58% 7.84% 18.71% 245.2 na
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AEM-81 92.8m 129.3m 36.5m 3.23% 0.17% 1.08% na na
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Inc. 108.9m 127.2m 18.3m 4.30% 0.14% 0.50% na na
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Section 690540
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Hole # From To Length Cu Pb Zn Ag Au
(g/t)(g/t)
--------------------------------------------------------------------
AEM-75 81.7m 105.8m 24.1m 1.36% 3.93% 9.50% 125.6 4.5
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And 107.7m 134.5m 26.8m 2.89% 0.21% 0.69% 54.2 1.0
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AEM-76 87.8m 98.8m 11.0m 0.50% 0.25% 5.20% 30.6 na
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And 125.2m 157.6m 32.4m 3.37% 0.03% 0.09% 20.3 na
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Inc. 137.4m 155.7m 18.3m 4.19% 0.02% 0.06% 16.4 na
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AEM-77 82.5m 94.6m 12.1m 0.20% 0.34% 6.59% 37.4 na
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And 100.5m 132.5m 32.0m 2.69% 0.36% 2.18% 50.4 na
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Inc. 116.5m 130.5m 14.0m 3.86m 0.37% 2.37% 73.9 na
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AEM-78 85.7m 89.7m 4.0m 0.30% 2.09% 6.48% 49.5 na
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And 102.7m 108.5m 5.8m 0.81% 2.39% 6.77% 79.0 na
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Section 690580
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Hole # From To Length Cu Pb Zn Ag Au
(g/t)(g/t)
--------------------------------------------------------------------
AEM-70 98.2m 117.9m 19.7m 0.58% 5.12% 11.91% 121.2 na
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And 118.6m 149.2m 30.6m 1.45% 0.24% 1.49% 31.4 na
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AEM-71 95.6m 120.4m 24.8m 1.10% 1.02% 6.19% 50.0 na
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And 120.4m 138.3m 17.9m 2.79% 0.40% 2.33% 49.5 na
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AEM-72 115.8m 123.3m 7.5m 3.37% 0.19% 0.36% 35.8 na
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And 123.3m 144.1m 20.8m 1.62% 1.72% 7.45% 45.2 na
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Note 1: A further four holes were drilled for condemnation purposes.

Note 2: Gold assays will be available shortly.

The underground drill program has been temporarily suspended to allow the installation of steel arches in a short section of the hanging wall exploration drift.

Mike Newbury, P.Eng., is the Qualified Person who has reviewed the technical information in this news release on behalf of PGM.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted.

The TSX Venture Exchange does not accept responsibility for the adequacy of accuracy of this release.

Contact Information

  • PGM Ventures Corporation
    Peter Miller
    (416) 815-8666
    or
    PGM Ventures Corporation
    Norm Brewster
    (416) 815-8666