|
LATEEGRA DRILLS 5 METERS OF 12.81 grams GOLD and
27.8 grams Silver per tonne at PICACHO
April 26, 2007 – Vancouver, B.C.: Lateegra Gold Corp. (the “Company”)
(TSX.VL: LRG – Frankfurt: LTG) and Tara Gold Resources Corp (OTC:
TRGD.PK – Frankfurt: T8N) are pleased to announce results from the first
assayed drill hole in a first phase drilling program at El Picacho,
Mexico.
advertisement
The now complete 2,569 meter, 14 drill-hole, first phase drilling
program (see NR February 23, 2007), was designed to confirm and expand
upon historic data derived from 22 historic drill holes and sampling
from within existing underground development. Core logging has been
completed and samples have been received and prepared by ALS Chemex Ltd.
laboratory, in Hermosillo, Sonora. The sample pulps will be shipped for
analysis to the ALS Chemex laboratory in Vancouver, B.C.
Results from the first drill hole MPDH-07-01, processed on a rush
basis, are listed in the table below:
|
HOLE MPDH-07-01 |
|
INTERVAL |
LENGTH |
ASSAY |
Weighted Average |
|
FROM |
TO |
(m) |
Ag (ppm) |
Au
(ppm) |
Ag (ppm) |
Au (ppm) |
Interval
(m) |
|
80.50 |
81.50 |
1.00 |
21 |
6.11 |
27.80 |
12.81 |
5.00 |
|
81.50 |
82.50 |
1.00 |
21 |
21.40 |
|
82.50 |
83.50 |
1.00 |
11 |
8.75 |
|
83.50 |
84.50 |
1.00 |
67 |
21.60 |
|
84.50 |
85.50 |
1.00 |
19 |
6.17 |
The Company is very pleased with these results as they provide
verification for historically reported drill-hole results.
To date, a total of 14 drill holes have been completed by the Company
intercepting the mineralized quartz breccias and/or veins in 13 of the
holes. The vein structure remains open to depth and along strike to the
southeast. Additional results will be announced upon receipt of analysis
by the Company.
An extensive ground magnetic geophysical survey has now been
completed. The data is currently being evaluated and incorporated into
the Picacho database. These results, along with pending surface and
underground geochemical trenching results will be compiled for
geological modeling purposes to aid in planning the Phase 2 drill
program, currently proposed for mid May.
The Company is compliant under National Instrument 43-101 for the
Picacho Project. Jeffery Reeder, P.Geo. and Luc Pigeon, P.Geo. are the
Qualified Persons responsible for the exploration program and
supervision of the quality control/quality assurance programs for the
Picacho project. A quality control program of standards, duplicates and
blanks is maintained.
ON BEHALF OF THE BOARD OF DIRECTORS
"Chris Verrico",
CEO and Director
About the Company: Lateegra Gold Corp. is an exploration and
development Company with a focus on precious metals in Mexico and South
America. The Company currently has interests in properties in Mexico and
Ecuador. The Picacho Mine in Mexico has extensive underground workings
and mill facilities. The La Guadalupana mine, which has seen previous
bulk sample work including a 12.5 ton sample that returned 4 g/t Au, 20
oz/t Ag and 29.9% Cu. In Ecuador, the Company owns the El Condor
property, located within Aurelian Resources property containing their
massive Fruta del Norte discovery. The Company also has the recently
acquired M10, which is the subject of a joint venture with MPH Ventures,
and the Auripumba. The Company is well funded, having recently completed
two multi-million dollar financings.
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
Would you like to see your news and articles here? GO>>
Disclaimer: The views and opinions expressed in the research
published are those of the individual companies and writers and
not necessarily those of InvestorIdeas.com®, or any of the
industry sector portals . At the time of publication, writers
may hold positions in the stocks or companies mentioned.
InvestorIdeas.com® or any of the industry sector portals cannot
assure accuracy of the research presented. Investors are
encouraged to research and verify facts and under no
circumstances is InvestorIdeas.com® endorsing the content as a
recommendation to buy or sell stock.
|