Raven Gold Corp. Amended - Raven's Exploration Team Discovered a New Parallel Mineralized Vein Structure at La Currita, Mexico
Posted on: Wednesday, 29 August 2007, 09:17 CDT
LAS VEGAS, Aug. 29 /PRNewswire-FirstCall/ -- Raven Gold Corp. (OTCBB: RVNG) (the "Company"), is pleased to announce that a second vein named Sulema 2, has been discovered at the La Currita gold and silver project in Temoris, Mexico.
This new vein structure was discovered approximately 7.5 meters off of the footwall of the Sulema vein and carries the same dip as Sulema. Sulema 2 is approximately 8 meters wide at the point of discovery and runs parallel to the Sulema vein. It was discovered inadvertently while mining an upper level of the Sulema vein.
Initial production ore from the Sulema 2 vein has been processed through the mill with the resulting head grades running slightly better than the Sulema vein. The Phase 1 Exploration Program is now considering underground drilling to search for additional parallel vein structures. Mining will now continue with the additional working face of the Sulema 2 vein.
David Petersen P. Eng. has acted as the qualified person as identified by National Instrument 43-101, and reviewed and verified the technical content of this release.
About La Currita ----------------
The La Currita project includes a mine, a 150 tonne/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. The existing mine holds potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous prospects and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo Gold recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating one of the world's potentially leading primary silver producers. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine.
About Raven Gold Corp. ----------------------
Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low-cost gold producer.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN (1-877-317-2836), Email: ir@ravengold.com, Website: http://www.ravengold.com/
Raven Gold Corp.
CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN(1-877-317-2836), Email: ir@ravengold.com, Website: http://www.ravengold.com/
Source: PRNewswire-FirstCall
Related Articles
- Cypress &Amp; Skyharbour Hire Gold Eagle Mines' Drillers to Further Explore the Broulan Reef Bruce Channel / Red Lake Gold Project
- Miranda Gold Corp. Exploration and Company Update
- Drilling Hits 3.6 Ounce Per Ton Gold in Veins at Midway Project
- Endeavour Silver Corp. - Exploration Review Of 2007 And Exploration Outlook For 2008
- Strait Gold Reports Final Results From 2007 Exploration Program
- Rochester Resources Ltd.: Drift Development Results at Tajos Cuates Confirm Extension of High Grade Gold/Silver Vein System
- New Gold Inc. And Abacus Mining and Exploration Corp. Sign Letters of Intent to Ensure Co-Operation in the Development of Afton-Ajax Cu-Au District
- Alexis Advances Gold Bulk Sample at Lac Herbin-Exploration Identifies New Gold Zone Returning Up to 65.9 G Au/T Over 1.9 Metres (1.92 Ounces Over 6.2 Feet)
- ABV Gold Inc. Retains Sattva Capital Corp.
- MAG Silver Corp. Exploration Update
 |
 |
User Comments (0)
RSS Feeds