Ventana Gold Corp.

Ventana Gold Corp.

March 26, 2009 10:33 ET

Ventana Announces More La Bodega Drill Results

57.40 Metres of 8.66 Grams Per Tonne Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or the "Company") is pleased to provide results from holes 95 through 105 on its flagship, 185-hectare La Bodega property, part of its ongoing gold exploration program in the California-Vetas gold mining district of northeast Colombia. These represent the final 11 holes of the Company's 2008 drill program.

Of particular note is drill hole 100 at the La Mascota zone; a step-out hole located 100 metres along strike to the southwest of previous drilling which cut an interval of 57.40 metres of 8.66 grams per tonne gold, effectively extending the strike length of known mineralization at La Mascota to 725 metres. The width of this mineralized interval was not completely tested as the hole was terminated due to drilling problems while still in mineralization, with the final sample containing 14.74 grams per tonne gold.

Ventana has drilled 105 core holes totalling 25,457 metres at the La Bodega property through the end of 2008. As announced on February 23, 2009, Ventana has initiated a new 2009 drill program to further test strike and dip extensions at the La Mascota zone and recently increased the number of drills for the program to three.

Select drill hole intercepts from holes 95 to 105 are reported below:

DRILL HOLE NO. (metres) (metres) (metres) (grams/tonne)
La Bodega Zone
DDH-08-LB-097 10.10 23.50 13.40 4.89
and 58.00 77.00 19.00 2.63
DDH-08-LB-101 269.80 274.00 5.20 4.40
and 281.00 287.00 6.00 5.16
DDH-08-LB-102 89.00 91.00 2.00 12.51
and 129.00 135.00 6.00 1.48
La Mascota Zone
DDH-08-LB-100 45.00 49.00 4.00 64.85
and 188.00 193.00 5.00 5.21
and 199.00 256.40 57.40 8.66
La Rosa Zone
DDH-08-LB-104 12.50 13.50 1.00 15.73
and 127.00 128.00 1.00 12.78
and 274.00 275.00 1.00 5.55
Las Mercedes/
El Tierrero Zone
DDH-08-LB-095 31.00 37.00 6.00 3.77
and 205.50 217.00 11.50 0.93
DDH-08-LB-096 43.00 50.00 7.00 2.04
and 78.50 84.00 5.50 1.30

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 60% -100% of the
reported down-hole lengths.

A drill hole location map and a complete listing of all 105 drill hole intercepts are available at

Gold mineralization at the La Bodega property is hosted within the same broad, northeast-trending fault zone as the adjoining Angostura gold deposit of Greystar Resources, which contains a National Instrument 43-101 ("NI 43-101") compliant measured and indicated resource of 11.5 million ounces as announced by Greystar on March 25, 2009. Mineralization at La Bodega occurs as a series of north-northwest-dipping parallel-sheeted vein zones, breccias and mineralized faults situated within an envelope of pervasively phyllic altered and variably silicified gneiss and intrusive rocks.

Core drilling by Ventana has concentrated on testing a 1,275-metre strike length extending southwest from the property line shared with Greystar Resources. The first 350 metres comprises the La Bodega zone, hosting the namesake La Bodega artisanal mine. The next 200 metres comprises the La Rosa zone, where steep topography has limited drill access. The few holes drilled thus far in the La Rosa zone have provided mixed results and it remains uncertain whether this zone is a fault block which has offset mineralization or is a more weakly mineralized segment. The next 725 metres comprises the La Mascota zone. An additional zone, Las Mercedes, is situated 400 metres to the south of the La Bodega zone. Initial scout drill holes at Las Mercedes have intercepted encouraging gold mineralization but more drilling is required to define the extent and geometry of this mineralization.

La Bodega Zone

The La Bodega zone has been shown to contain appreciable intersections of potentially ore grade material over composite true widths of 60 to 150 metres. Mineralization in the La Bodega zone is essentially closed off to the northeast by the property line but remains open in all other directions. It has thus far been tested over a strike length of 350 metres and to depths of up to 300 metres. A high-grade zone in the footwall of the main mineralized structure was discovered last year and has been traced over a 150-metre length where it appears to merge into the main zone to the northeast and remains open to the southwest. The two drill holes reported upon here include hole 97 which was drilled to test the northeast end of the high grade footwall zone but was terminated before reaching planned depth by a landslide which partially buried the drill. Hole 101 tested a portion of the footwall to the south of the aforementioned footwall high grade zone and intercepted a series of relatively thin, lower-grade structures.

La Mascota Zone

The La Mascota zone has been shown to contain narrower, though generally higher-grade intersections of potentially ore grade material than that observed in the La Bodega zone, with estimated true composite widths ranging from 20 to 80 metres. The drill holes reported upon here include hole 100, which was a 100-metre step-out to the southwest and intercepted 57.40 metres of 8.66 grams per tonne gold, bottoming in strongly mineralized material grading 14.74 grams per tonne gold. Drill holes 98, 103 and 105 were drilled from the same site in an attempt to extend the mineralization encountered in hole 100 down-dip, but were all abandoned prior to reaching the target depth due to drilling problems. In the current drill program Ventana plans to return to this site and again test the down-dip extension.

La Rosa Zone

The 200-metre long La Rosa zone lies along strike between the La Bodega and La Mascota zones in an area of very steep topography with difficult drill access. It may comprise a fault block in which the main mineralized trend has been offset or it is a more weakly mineralized segment. Drill hole 104 was situated on one of the few available drill sites and cut through a series of relatively thin mineralized structures with locally high grades up to 15.73 grams per tonne gold over 1.0 metre. Further exploration and drilling is required to define the geologic significance of these intercepts.

Las Mercedes Zone

Drill holes reported upon here include holes 95 and 96 which were scout exploration holes drilled along the presumed southwest extension of mineralization encountered in drill hole 68 (38 metres of 2.41 grams per tonne gold and 16 metres of 6.19 grams per tonne gold). These holes encountered heavily fractured and faulted rock containing a series of mineralized zones ranging from 1.0 to 11.5 metres wide with grades ranging from 0.63 to 5.18 grams per tonne gold. The initial drilling conducted in this area has returned encouraging results requiring further exploration and drilling to define the extent and geometry of the mineralization encountered to date.

Review by Qualified Person, Quality Control and Reports

The results of the company's drilling program have been reviewed, verified and compiled by VP of Exploration, Jon Lehmann, L.P.G., a qualified person for the purpose of 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.

Ventana utilizes a rigorous QA/QC program with respect to sampling procedures including chain-of-custody tracking of core until shipment to the analytical laboratory. Core is sawn in half with one half shipped to an independent prep lab and samples shipped for analysis to ACME Analytical Laboratories Ltd., an ISO 9001:2000 and ISO 17025 certified laboratory in Vancouver, B.C. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and mineralized intervals are re-assayed at Inspectorate America Corp. analytical laboratory in Sparks, Nevada.

Independent NI 43-101 Technical Reports have recently been prepared and updated by EurGeol Miller O'Prey, PGeo, for the La Bodega project and the nearby California-Vetas project to provide a current review of the exploration activities that have occurred on the projects. These reports, dated June 14, 2008, are posted on the Company's website at

About Ventana

Ventana holds rights to 4,518 hectares of exploration property in the California-Vetas gold district in Colombia, of which 3,710 hectares are wholly owned with the remainder under option to acquire a 100% interest. The Company has been drilling at La Bodega, a property lying adjacent to Greystar Resources' Angostura gold-silver deposit, and has an ongoing gold exploration program in the California-Vetas gold mining district. The Company plans to complete a 43-101 mineral resource estimate at La Bodega in 2009.

Forward-looking Statements

The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Ventana's latest quarterly report and management discussion and analysis. Ventana assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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