Terraco Gold Corp.

Terraco Gold Corp.

November 04, 2005 12:42 ET

Terraco Gold Corp.: Drilling Underway at Bonanza Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 4, 2005) -

IP Survey Results Provide Additional Drill Targets

Terraco Gold Corp. ("Terraco") (TSX VENTURE:TEN) is pleased to announce that the Phase I drilling at its Bonanza Property in La Paz County, AZ, started today, November 4, 2005. As well, results from the Bonanza Induced Polarization/Resistivity ("IP") Survey, completed and announced September 23, 2005, have been reviewed and have provided Terraco management with additional drill targets to be tested.

Bonanza Drilling Started

Terraco has started its Phase I core drilling at Bonanza. The program will test known targets as well as those chargeability anomalies and resistive features identified through the interpretation of the IP/Resistivity survey data. Core drilling is being done by Marcus & Marcus Exploration of Coeur d'Alene, Idaho.

IP Survey Results

The IP survey (which covered approximately 3.6 sq kilometres (approximately 26 line kilometres)) results provided additional targets through the structural data interpreted and was successful in testing the extent of disseminated and structurally-controlled sulphides down-dip and laterally away from areas of historic gold production.

The IP anomalies show disseminated sulphides that line up along a defined line and indicate a potentially large system. These anomalies fit in with known gold mineralization. The disseminated sulphides are down dip and extend laterally from known mineralization and could suggest a characteristic signature to find the potential source of the historic gold production at the Harquahala Mine and Golden Eagle Mines.

Also tested was the extent of resistivity anomalies due to either the presence of silicification and/or Cambrian Bolsa quartzite (the primary sedimentary host for gold at Bonanza), or argillization associated with perceived ore-controlling structures. Sulphide-related gold and base-metal mineralization is well documented in historical reports and summaries of the Harquahala Mining District. Assays from a previous sample of sulphidic granite and quartzite from the Golden Eagle dumps returned greater than 3.5 gm/tonne (ppm or greater than 0.100 Troy ounce per ton) gold.

The IP survey was completed by Gradient Geophysics of Missoula, Montana.

The drill program will be overseen by Terraco's VP Exploration, Mr. Charles Sulfrian, P. Geo. Mr. Sulfrian is also responsible for the technical information of this release which has been reviewed and approved by him as a 'qualified person', as defined by NI 43-101.

Terraco Gold Corp. is a mineral exploration company, listed on the TSX Venture Exchange under the symbol "TEN".


Todd Hilditch, President

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

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