TORONTO, Nov. 13 /CNW/ - Valdez Gold Inc. ("Valdez" or the "Company")
(TSX-V - VAZ) announces details on its continuing second stage regional
geological mapping, rock sampling and stream sampling program over its Jarros
Norte claim in the Sierra Madre region of Chihuahua State, Mexico. The Jarros
Norte claim totals approximately 50,000 hectares and is situated immediately
along strike of and adjacent to the Pinos Altos gold property being developed
by Agnico-Eagle Mines Limited.
During the third quarter Valdez commenced follow-up evaluation of
anomalies defined during the first pass reconnaissance of the Jarros Norte
license conducted during the first half of 2007. The reconnaissance program
consisted of regional stream sediment sampling, satellite imagery
interpretation and geological mapping. Follow-up evaluation has consisted of
the establishment of soil sampling grids over anomalies, the collection of
soil samples, geological mapping, and rock chip sampling. During the quarter
the follow-up evaluation prospecting was conducted on the Baquiriachi, El
Concheno, Potreritos, La Casita I and La Casita II anomaly areas. A total of
1169 soil samples and 85 rock samples were collected as part of the program.
At the Baquiriachi anomaly, which occurs in the central part of the
license, 314 soil samples and 5 rock samples were collected and an area of
hydrothermal alteration covering an area of 0.5 km by 1 km was mapped within
upper Sierra Madre volcanic units. Historical mine workings were located in
the anomaly within a zone of oxide weathering, alteration and silicification
with a zone containing quartz veinlets. Sampling returned weak gold (Au),
arsenic (As), barium (Ba) and antimony (Sb) values.
Follow-up evaluation of the El Concheno anomaly situated in the NW area
of the Jarros Norte license is associated with a stream sediment gold anomaly
hosted in upper volcanic units. A total of 73 soil samples and 5 rock samples
were collected and returned low Au, silver (Ag), As and Ba results.
The Potreritos anomaly occurs in the NW corner of the Jarros Norte II
license area and is defined by an iron oxide anomaly adjacent to a major
regional NW trending structure along which mineralization is known to occur
along strike of the license. A total of 195 soil samples and 15 rock chip
samples were collected and returned weak Au and Ag values. The area is hosted
primarily within the upper volcanic sequence.
Prospect evaluation of the La Casita I and La Casita II anomalies
conducted during the quarter consisted of the collection of 587 soil samples
and 60 rock samples which contained some low Au and Ag values. Sampling was
from units of the Sierra Madre upper volcanic sequence. The La Casita I and La
Casita II anomalies consist of satellite imagery anomalies coincident with a
stream sediment gold anomaly situated in the SE of the license.
Follow-up sampling to date has not returned any targets warranting drill
testing at this stage but has located indications of hydrothermal activity
which will continue to be the focus of ongoing work designed to identify drill
Valdez is currently conducting follow-up evaluation of all anomalies
defined to date in the Jarros Norte claim in order to determine the extent and
source of the anomalies and the tenor of the mineralization located in the
program. Field work is continuing and consists of more detailed follow-up
geological mapping, rock chip and soil sampling as well as trenching prior to
more detailed grid based exploration and possible geophysics in order to
define where drill testing is warranted.
All Valdez samples are shipped to the ALS-Chemex sample preparation
laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS
Chemex then forwards the prepared pulps by air-freight to the ALS-Chemex
Laboratory in Vancouver for analysis. Gold analysis is done by fire assay on a
30g charge with an AAS finish with the multi-element analysis conducted using
an ICP-AES method. Certified standards and blanks are routinely submitted with
each batch of samples for quality control purposes.
Exploration field work is supervised by Alfonso Daco, P. Geo., President
of Minera Valdez, and over-seen by Colin Jones MAusIMM, Vice-President of
Project Evaluation for Dundee Resources Limited, who has acted as the
qualified person under NI43-101 and reviewed the content of this press
Information on the Company is available on the Company's website:
For further information:
For further information: Mark Goodman, CEO, Valdez Gold Inc., Telephone: