Raven Gold Corp. Is Pleased to Announce Today, They Will Commence General Exploration at La Currita, Mexico, Within the Next 21 Days.
LAS VEGAS, July 10 /PRNewswire-FirstCall/ — Raven Gold Corp. (OTCBB: RVNG) (the “Company”), is pleased to announce today, they will commence general exploration at La Currita, Mexico, within the next 21 days.
The La Currita project is located in the Temoris mining district, which lies within the northwest trending Sierra Madre Occidental epithermal mineral belt that hosts several multi-million ounce gold/silver deposits that have been recently discovered or are currently in production. Examples of some of these deposits include Minefinders’ Dolores, Gammon Lake’s Ocampo, Alamos’ Mulatos and Palmarejo Gold’s, Palmarejo deposits.
The La Currita Groupings includes 4 mines, a 150 ton/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo announced an inferred resource of 3.1 million ounce gold equivalent on their property. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold’s El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource’s Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year.
The La Currita project is situated on the western, incised side of the Tertiary Sierra Madre Occidental (SMO) volcanic plateau, which runs north-west-southeast between two southern extensions of the basin and range physiographic province. The SMO is characterized by an up to 1,000 meter thick Lower Volcanic Sequence of andesitic flows, volcanic sediments and intrusive bodies that are un-conformably overlain by a thick (up to 1,000 meters) Upper Volcanic Sequence of caldera related rhyolitic flows, ignimbrites and domes. Precious metal mineralization in the SMO is hosted in low-sulfidation quartz veins, breccias and stockwork zones that formed in the Lower Volcanic Sequence principally along northwest trending, extensional normal faults.
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/