Duran Ventures and MacMillan Gold Drilling at Aguila and Pasacancha Targets in Peruadmin
George A. Brown, CEO of both Duran Ventures Inc. and MacMillan Gold Corp., provide the following update on exploration activities at the Aguila Cu-Mo Target and the Pasacancha Ag-Au-Pb-Zn Target in Ancash, Peru. Cary Pothorin, P.Geo., President of Minera Aguila de Oro SAC and David Bending, P.Geo., are both Vice Presidents of Duran Ventures and of MacMillan Gold, are Qualified Persons as defined in National Policy 43-101, and are responsible for all technical information contained in this joint news release.
Aguila Hole 9 was drilled for 485.4 metres towards the west representing 420 metres depth from the collar and 467 metres depth projected to surface from the bottom of the hole. Aguila Hole 10 was drilled for 574.0 metres towards the east from the same drill platform on a section line which is 50 metres to the south of the initial section line which included Holes 1 through 7. Hole 10 is 497 metres depth from collar and 673 metres depth projected to surface from the bottom of the hole. These holes were designed to determine the distance at depth between the west contact and the east contact. The final assay results for Hole 10 were received September 22 and Hole 9 and Hole 10 results will be news released as soon as compiled which is expected to be before the end of September. The distance between the bottom of Hole 9 and the bottom of Hole 10 is 506 metres. The width between the west contact in Hole 9 and the east contact in Hole 10 has been estimated from core visuals as being approximately 251 metres.
Aguila Hole 11A was started on July 29th. As at August 13th, it was drilled for 375.9 metres towards the west on section line 9950N which is 50 metres to the south of section line 1000N which included Holes 1 through 7. This hole was abandoned due to technical difficulties and re-started on August 18th from a collar 1.8 metres away from Hole 11A. Hole 11B was completed to 605.3 metres on September 13th.
Aguila Hole 12 was commenced September 15th and was at a depth of 295.1 metres as of 7:00 am September 23rd. Hole 12 is also on section line 9950N (Holes 11A and 11B) and is 90 metres to the southwest of Hole 11B.
The second drill contracted from Performin EIRL of Peru began drilling Pasacancha Hole 1 on August 11, 2008. Pasacancha Hole 1 was completed to 620.8 metres on September 16th. This drill will now commence Pasacancha Hole 2.
All samples are delivered to the Lima laboratory of Inspectorate Services Peru SAC (a certified laboratory) for preparation and multi-element ICP analysis followed by AQR/AA assaying for base Metals and 30 gram FA/AA assaying for Au and Ag. The company has a QA/QC protocol in place including the use of duplicate sampling by outside labs, certified standards and blanks and secure care and custody of samples.