Ventana Gold Corp.

Ventana Gold Corp.

November 03, 2009 10:13 ET

Ventana Announces New Discovery-Parallel Structure With 14 Metres of 14.18 Grams Per Tonne Gold-

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") announces drill results from a hole targeted at a comparable structure to the La Mascota zone on the La Bodega gold project in Colombia. Hole 146 encountered 14.0 metres grading 14.18 grams per tonne gold, starting at a depth of 296.0 metres. The hole was drilled at a minus 50° inclination near section 9550 and encountered a significant new mineralized zone which appears to be a parallel structure containing high-grade, hydrothermal breccias. It is situated about 325 metres into the footwall and to the southeast of the main La Mascota structure.

Ventana President and CEO Steve Orr said: ""This is an important and exciting development as it supports our theory that the system contains parallel structures to the La Mascota zone. Although further drilling is required to confirm the orientation of this new structure, we believe it could be the continuation of mineralization encountered in previous drilling at Las Mercedes, 500 metres to the northeast, where drilling in 2008 intercepted 16 metres of 6.19 grams per tonne gold in hole 68. We will begin drilling at Las Mercedes within a few days in an effort to better define the mineralization along this trend."

Assays are pending for hole 148, which was drilled at minus 60° on the same section as hole 146.

To view the map accompanying this press release please click on the following link:

The true width of the reported intercept in hole 146 is approximately 11 metres. The true width of the reported intercept in hole 68 is not known at this time.

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.

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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