Ventana Gold Corp.
TSX : VEN

Ventana Gold Corp.

June 17, 2010 10:33 ET

Ventana Announces Additional Drill Results at La Mascota-50 Metres of 6.25 Grams Per Tonne Gold Intercepted-

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company) is pleased to announce drill results from 19 additional holes on the La Mascota zone, part of the La Bodega gold project in Colombia.

Fifteen of the new holes were infill holes in the main La Mascota zone (holes 201, 205, 208, 211, 212, 213, 216, 218, 220, 221, 226, 227, 233, 235 and 239) and four were step-out holes drilled on the El Cuatro property (holes 214, 219, 228 and 238). Refer to the attached map and cross sections for details. Click here to view: http://media3.marketwire.com/docs/ven617maps.pdf.

Infill drilling at La Mascota continues to return excellent results, with hole 239 on section 9475E returning a 50 metre intercept grading 6.25 grams per tonne gold and 29.75 grams per tonne silver, and hole 233 on section 9750E returning an 11 metre intercept grading 13.98 grams per tonne gold and 107.17 grams per tonne silver.

Drilling continues to indicate that the La Mascota mineralization extends at depth. In hole 216 on Section 9300E, three intervals of mineralization were intercepted from a depth of 402 to 561 metres that included 20.7 metres at 5.52 grams per tonne gold and 17.07 grams per tonne silver, 36 metres at 3.14 grams per tonne gold and 54.5 grams per tonne silver, and 56 metres at 3.6 grams per tonne gold and 16.3 grams per tonne silver.

Step-out drill results onto the El Cuatro tenements are starting to indicate the presence of more porphyry style mineralization typified by increasing base metals values. Hole 238 on section 8800E intercepted 5 metres at 4.9% copper along with 222.9 grams per tonne silver and 5.49 grams per tonne gold within a section of 76 metres grading 1.31 grams per tonne gold, 33.88 grams per tonne silver and 0.51% copper. The previously reported hole 187 on the same section intercepted 0.41% copper over 31 metres.

Ventana currently has nine drills conducting exploration at the La Bodega project. The Company plans to increase its current rate of exploration with additional drill rigs assigned to the recently acquired La Baja tenement area once the mineral title transfer is completed.

Select drill hole intercepts are reported below:



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SILVER
DRILL FROM TO INTERVAL GOLD (grams/ COPPER
HOLE NO. (metres) (metres) (metres) (grams/tonne) tonne) (%)
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DDH-09-LB201 237.00 247.00 10.00 2.62 19.92 0.14
269.00 309.00 40.00 4.35 15.71 0.15
442.50 484.00 41.50 1.85 12.63 0.06
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DDH-09-LB-205 71.00 83.21 12.21 15.88 55.80 0.01
includes 75.00 76.00 1.00 154.00 264.00 0.01
217.00 291.00 74.00 3.91 19.30 0.13
includes 240.00 244.00 4.00 8.94 69.34 0.85
329.00 347.00 18.00 1.72 15.26 0.05
427.00 428.00 1.00 5.78 14.00 0.02
432.90 438.00 5.10 1.08 1.53 0.03
470.00 471.00 1.00 3.16 11.45 0.01
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DDH-09-LB-208 179.00 183.00 4.00 1.60 159.93 0.04
515.00 521.00 6.00 0.69 3.28 0.04
-------------------------------------------------------------
Hole 208 abandoned prior to reaching target depth
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DDH-09-LB-211 46.50 49.50 3.00 16.13 23.87 0.01
186.60 226.77 40.17 2.86 42.30 0.26
265.00 277.80 12.80 2.92 22.08 0.07
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DDH-09-LB-212 307.00 323.00 16.00 1.90 14.14 0.11
381.00 401.00 20.00 4.27 26.35 0.30
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DDH-09-LB-213 145.00 158.00 13.00 1.06 3.63 0.02
206.00 214.00 8.00 1.90 8.05 0.01
259.00 261.00 2.00 5.11 18.54 0.02
328.00 340.00 12.00 1.88 8.18 0.08
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DDH-09-LB-214 316.99 321.00 4.01 0.69 19.68 0.07
343.00 347.47 4.47 0.67 24.41 0.13
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DDH-09-LB-216 402.33 423.00 20.67 5.52 17.07 0.03
428.00 464.00 36.00 3.14 54.50 0.41
505.00 561.00 56.00 3.60 16.30 0.05
includes 544.00 548.20 4.20 19.65 98.90 0.30
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DDH-09-LB-218 198.00 208.00 10.00 1.59 7.58 0.04
227.00 234.00 7.00 2.71 31.17 0.22
247.00 250.00 3.00 2.89 3.06 0.02
261.00 284.00 23.00 2.04 3.87 0.03
406.00 427.02 21.02 6.67 39.86 0.58
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DDH-09-LB-219 89.50 98.60 9.10 1.28 444.92 0.02
108.00 114.00 6.00 0.79 287.80 0.06
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Hole 219 abandoned prior to reaching target depth
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DDH-09-LB-220 150.00 160.02 10.02 4.45 9.13 0.05
332.00 356.50 24.50 3.75 3.07 0.04
includes 350.52 353.56 3.04 23.01 1.26 0.01
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DDH-09-LB-221 141.50 143.50 2.00 5.67 5.03 0.01
265.00 266.00 1.00 3.07 7.35 0.04
525.70 537.36 11.66 1.90 36.14 0.17
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Hole 221 abandoned prior to reaching target depth
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DDH-09-LB-226 95.00 98.90 3.90 2.32 2.96 0.01
187.00 191.00 4.00 1.82 7.53 0.05
330.00 338.00 8.00 5.38 9.08 0.07
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DDH-09-LB-227 97.00 100.00 3.00 1.04 1.42 0.01
171.00 176.00 5.00 2.70 10.09 0.10
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DDH-09-LB-228 83.00 103.00 20.00 1.12 96.98 0.04
263.00 268.00 5.00 3.87 77.70 0.32
337.00 368.90 31.90 2.33 30.24 0.24
392.00 416.95 24.95 2.45 15.85 0.04
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Hole 228 abandoned prior to reaching target depth
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DDH-09-LB-233 223.00 233.00 10.00 1.84 15.98 0.09
255.00 257.00 2.00 2.40 18.67 0.05
313.00 324.05 11.05 13.98 107.17 0.91
378.00 383.00 5.00 3.56 3.85 0.03
511.45 556.00 44.55 2.08 10.51 0.14
561.00 576.00 15.00 2.76 20.54 0.22
581.00 595.88 14.88 2.02 2.90 0.02
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DDH-09-LB-235 271.20 281.00 9.80 2.60 13.96 0.10
321.00 326.00 5.00 3.02 2.76 0.03
435.00 448.00 13.00 2.10 6.62 0.06
includes 446.00 448.00 2.00 6.02 5.50 0.04
574.00 575.00 1.00 12.50 6.00 0.01
583.69 597.10 13.41 2.04 1.30 0.01
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DDH-09-LB-238 276.00 352.00 76.00 1.31 33.88 0.51
includes 302.05 307.00 4.95 5.49 222.85 4.94
368.00 375.00 7.00 3.60 13.13 0.07
457.00 467.00 10.00 2.41 7.28 0.04
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DDH-09-LB-239 31.00 32.00 1.00 8.78 69.00 0.01
296.00 346.00 50.00 6.25 29.72 0.17
392.00 423.00 31.00 1.94 15.44 0.06
428.00 445.00 17.00 2.60 9.87 0.04
451.00 466.25 15.25 2.09 11.10 0.04
479.60 504.00 24.40 1.90 1.21 0.01
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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. The Company's flagship La Bodega gold-silver project is located in northeastern Columbia immediately adjacent to the Angostura gold-silver project. The La Bodega project contains multiple high-grade zones of gold, silver and copper mineralization occurring in north-northwest dipping parallel-sheeted vein zones, breccias and mineralized faults within a broad, northeast trending regional fault zone.

Ventana recently announced an agreement to acquire the La Baja land and mineral rights, which are strategically located immediately to the southwest of the La Bodega tenements, consolidating Ventana's ownership along 2.1 kilometres within this prolific gold district.

The La Bodega project has excellent road access and is close to existing infrastructure including power and water. The Company is conducting an aggressive exploration program and progressing engineering studies to develop the deposit. Ventana's shares trade on the Toronto Stock Exchange under the symbol VEN.

For additional information please visit www.ventanagold.com.

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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