Tuesday, 9th October 2007 (1433 views)

Assay results for 35 diamond drill holes at the Increible 3 Concession have confirmed the deep continuity of the Los Patos gold discovery, according to ValGold resources.

The Increible 3 Concession, located in Bolivar State's El Callao Mining District, Venezuela, underwent a complete diamond drilling programme over the summer, which wrapped up in July.

According to the Vancouver-based international development company, the results show that the Los Patos gold zones remain open in all directions and will require further drilling to test the extent of their limits.

The Los Patos gold occurrence is the first to be explored by ValGold, with drilling extended to 220 metres below the surface.

ValGold Resources currently has highly prospective gold mining properties in the South American countries of Venezuela and Guyana, as well as in the Canadian province of Ontario.

Minimum 5,000-metre drill programmes are planned for all of the company's gold projects before the end of 2007, according to the company.

 

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