Ventana Gold Corp.

Ventana Gold Corp.

November 20, 2009 09:00 ET

Ventana Announces Additional Drill Results-Step-Out Drilling on El Cuatro Confirms Extension of La Mascota Mineralization; Infill Drilling Intercepts 110 Metres of 4.8 Grams Per Tonne Gold-

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") is pleased to announce drill results from eight additional holes on the La Bodega gold project in Colombia.

Holes 153 and 157 were step-out holes drilled on the El Cuatro/Coloro border 300 metres southwest of the current known mineralization (see figure 1). Both drill holes intercepted mineralization characteristic of the La Mascota zone, with higher grade breccia veins hosted within a broader silicification, and confirmed the extension of the La Mascota structure (see section 9000E).

The remaining holes represent in-fill drilling along the previously defined 800-metre length of the La Mascota zone. Within this drilling, holes 145 and 154 probed the mineralization to greater than 400 metres down-dip. Hole 145 intercepted a deep interval of 6.2 metres grading 9.47 grams per tonne gold. Hole 154 intercepted an interval of 24.2 metres grading 7.69 grams per tonne gold starting at 490 metres downhole (see section 9600E).

Select drill hole intercepts are reported below.

DRILL HOLE NO. (metres) (metres) (metres) (grams/tonne)
La Mascota Zone
DDH-09-LB-140 390.00 428.60 38.60 6.01
including 411.60 416.60 5.00 17.51
459.00 466.00 7.00 6.53
473.96 481.00 7.04 4.34
DDH-09-LB-144 96.00 107.00 11.00 7.08
179.10 207.40 28.30 2.16
DDH-09-LB-145 396.20 418.90 22.70 12.29
509.10 518.50 9.40 22.80
569.90 576.07 6.17 9.47
DDH-09-LB-147 197.00 204.00 7.00 18.27
208.00 318.00 110.00 4.84
DDH-09-LB-148 346.00 355.00 9.00 3.78
DDH-09-LB-153 226.94 259.20 32.26 2.49
311.00 319.00 8.00 8.95
including 316.00 319.00 3.00 19.76
DDH-09-LB-154 430.20 444.00 13.80 3.15
including 432.50 436.77 4.27 8.40
489.80 514.00 24.20 7.69
including 498.80 505.20 6.40 21.37
DDH-09-LB-157 313.80 325.50 11.70 4.57
Drill intercepts are based on a 0.5 gram/tonne gold cut-off with no upper
cut. Drill intercept lengths are down-hole lengths reflecting apparent
widths of mineralization with true widths ranging between 30% -90% of the
reported down-hole lengths.

Ventana President and CEO Steve Orr said: "These latest drill results indicate the La Mascota zone continues along strike to the southwest and at depth. We are now drilling another section 100 metres further southwest of section 9000E on the Coloro/El Cuatro border to continue exploration of the strike extent of La Mascota. Our La Mascota infill drilling is on schedule and we expect to report our first NI 43-101 compliant resource by the end of the first quarter of 2010."

Ventana has nine 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. A 10th rig is awaiting spare parts.

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 added additional strike length that may extend the La Mascota zone 1,300 metres to the southwest.

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.

A drill hole location map, cross sections and a complete listing of drill intercepts reported to date are 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.

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