Batero Gold Initiates Preliminary Metallurgical Testing on the Batero-Quinchia Project, Colombia
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/11/11 -- Batero Gold Corp. (TSX VENTURE: BAT) is pleased to announce the initiation of preliminary metallurgical testing by G & T Metallurgical Services Ltd at Batero's 100%-owned Batero-Quinchia project in Risaralda, Colombia. G & T Metallurgical has been chosen as the preferred partner due to its experience and reputation for excellence.
Brandon Rook, President and Chief Executive Officer of Batero Gold, stated, 'The commencement of metallurgical testing is a significant milestone for Batero. It reflects our confidence in the results we have seen so far from our ongoing drilling program, and our strong belief that the time is right to take this next step.'
G & T Metallurgical Services Ltd offers a wide range of services assisting major to junior mining companies -- from grassroots property advancement, milling process development or efficiency improvements to existing processes. The company also houses a modern and well-equipped mineral processing research and development complex used for sample preparation, mineral process testing, mineralogical/modal analysis and chemical analysis. A pilot plant capable of simulating continuous processes has recently been commissioned. The company was founded in 1990 and is based in Kamloops, British Columbia, Canada.
Batero is aggressively drilling its Batero-Quinchia Project, with the goal of completing a compliant National Instrument 43-101 resource estimate during the second half of 2011. Batero is currently undertaking its Phase 1 -- 16,000-metre -- drill program, and presently has four drills operating at the project. The company's drill program is focused primarily on defining the mineralized extents of previously discovered porphyry bodies (2006) and to test newly discovered target areas.
The Batero-Quinchia Project is located in the prolific Middle Cauca Belt, which hosts two gold deposits: Marmato deposit (Medoro Resources) located approximately 20 kilometres north of the Batero-Quinchia Project, and La Colosa deposit (AngloGold Ashanti) located approximately 100 kilometres south of the Batero-Quinchia Project. This belt is also host to other recognized porphyry gold deposits including Titiribi, La Mina, and Quebradona.
Darren Anderson, P.Geo, the qualified person for the Company, has reviewed the accuracy of the technical portion of this news release.
For further information please go to our website at www.baterogold.com.
ON BEHALF OF THE BOARD OF BATERO GOLD CORP.
Brandon Rook, President & CEO
About Batero Gold:
Batero Gold Corp. (TSX VENTURE: BAT) is a Vancouver-based precious and base metals exploration and development company focused in Colombia's emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement. The Batero-Quinchia Project includes three known gold porphyry target centres. The Quinchia district and Batero's project is considered socially stable and mining friendly and is supported with a comprehensive infrastructure network. Batero has assembled a strong management and technical team in Colombia whom have contributed to numerous significant discoveries throughout Colombia. Batero plans to leverage its share structure with strategic local and regional relationships, and long-term financial partners, to develop its prospective project into what the Company believes will be Colombia's next major mining venture.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, plans, anticipates, believes, intends, estimates, projects, potential and similar expressions, or that events or conditions will, would, may, could or should occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Batero Gold Corp.
Brandon Rook
(604) 568-6378
(604) 568-6834 (FAX)
info@baterogold.com
www.baterogold.com