Batero Releases Results from Infill Drilling and Sampling Program at Batero-Quinchia Deposit
Batero Releases Results from Infill Drilling and Sampling Program at Batero-Quinchia
Deposit
Vancouver, British Columbia – August 17, 2017 – Batero Gold Corp. (“ Batero,” the “Company”) (TSX-
V:BAT) (Frankfurt:68B) (Pinksheets:BELDF) is pleased to report results from 51 holes drilled at the
Company’s 100% owned Batero -Quinchia project (the “Project”), located in Risaralda, Colombia. These 51
holes represent the conclusion of the Company’s most recent infill drill program.
The infill drilling program was designed to increase confidence in, and define the depth of , the oxide and
transition zones of the Batero -Quinchia deposit and provide additional confidence in the La Cumbre,
Mandeval and La Lengüita targets.
Infill drill results, auger and channel sample results at the Project continue to provide gold grades in excess of
1.0 g/t gold at or near surface. The 2016/17 drill program consisted of 51 holes over 6,008 metres and 657
auger and channel samples (See Figure 1).
Drill Hole Highlights:
• DDH-ZO-011: From 4.5 to 111.4 meters (end of hole) 106.9 metres grading 1.47 g/t gold.
• DDH-ZO-047: From 3 to 170 meters 167 metres grading 1.01 g/t gold
• DDH-ZO-048: From 3.5 to 230 meters 226.5 metres grading 1.0 g/t gold
• DDH-ZO-049: From 2.5 to 150 meters 147.5 metres grading 1.13 g / t gold
• DDH-ZO-051: From 4.5 to 174 meters 169.5 metres grading 1.01 g/t gold
View all tables and figures at www.baterogold.com
The sampling program completed 657 surface samples which confirms gold mineralization in La Cumbre and
Mandeval, and delineates the La Lengüita mineralization along the San Luis creek.
“We are pleased the results from our recent drill pr ogram continue to outline grades of over 1 .0 g/t gold near
surface,” stated Gonzalo de Losada, Batero’s President and Chief Executive Officer. “These positive drill
results improve the confidence in the Batero-Quinchia deposit and further delineate the near surface oxide
zone.”
Cross section N-585300 from La Cumbre (Figure 2) shows the depth of the near surface oxide and transition
zone.
Figure 1 – Plan Map Showing Location of Drill Holes and cross section A-A´.
Figure 2 – Long Section A-A´, Showing Current Release Drill Holes
Table 1 – Sampling Summary
SECTOR No.
Samples
CHANEL SAMPLES
Average Au Range
(g/t) Au (g/t) Au
No.
Samples
AUGER SAMPLES
Average Au Range
(g/t) Au (g/t)
La Cumbre 54 0.393 0.0025 to 1.57 263 0.538 0.02 to 2.64
Mandeval 12 0.335 0.102 to 0.983 30 0.379 0.06 to 1.25
La Lenguita 3 0.232 0.224 to 0.475 46 0.339 0.03 to 1.45
Dos Quebradas 17 0.383 0.037 to 1.425 82 0.515 0.01 to 1.87
Paramillo 5 0.013 0.009 to 0.027 6 0.040 0.01 to 0.17
Manzanares 9 0.012 0.001 to 0.028 9 0.012 0.001 to 0.03
Otro 45 1.664 0.0025 to 18.2 6 0.070 0.03 to 0.13
Table 2 – Drill Hole Highlights
Drill Hole From
(m)
To
(m)
Length Au
(m) (g/t)
La Cumbre
DDH-ZO-001 0.80 12.00 11.2 0.48
DDH-ZO-002 1.90 42.00 40.1 0.81
DDH-ZO-003 2.20 32.00 29.8 1.00
DDH-ZO-004 3.70 26.00 22.3 1.22
DDH-ZO-005 2.50 42.00 39.5 1.02
DDH-ZO-009 4.60 42.00 37.4 0.81
DDH-ZO-011 4.50 111.40 106.9 1.48
DDH-ZO-012 5.00 97.30 92.3 1.12
DDH-ZO-014 9.35 12.0 2.65 0.80
DDH-ZO-015 5.50 86.00 80.5 1.98
DDH-ZO-018 0.00 36.00 36.0 0.83
DDH-ZO-019 0.90 100.00 99.1 1.02
DDH-ZO-021 20.00 44.00 24.0 0.82
DDH-ZO-026 7.50 95.70 88.2 1.17
DDH-ZO-027 10.00 44.00 34.0 1.48
DDH-ZO-028 34.00 74.00 40.0 1.45
DDH-ZO-030 2.50 104.00 101.5 1.40
DDH-ZO-033 68.00 86.00 18.0 1.04
DDH-ZO-034 4.1 46.00 41.9 1.08
DDH-ZO-035 58 62.00 4.0 0.90
DDH-ZO-047 3.00 170.00 167.0 1.01
DDH-ZO-048 3.50 230.00 226.5 1.001.00
DDH-ZO-049 2.50 150.00 147.5 1.13
DDH-ZO-050 3.70 32.00 28.3 1.001.00
DDH-ZO-051 4.50 174.00 169.5 1.01
Mandeval
DDH-ZO-036 16.00 26.00 10.0 0.79
DDH-ZO-037 0.70 176.50 175.8 0.200.20
DDH-ZO-038 4.00 68.00 64.0 0.79
DDH-ZO-039 6.00 130.00 124.0 0.19
DDH-ZO-040 0.80 110.75 109.95 0.24
DDH-ZO-041 2.80 112.00 109.2 0.33
La Lengüita
DDH-ZO-042 90.00 96.00 6.0 0.13
DDH-ZO-043 10.00 100.00 90.0 0.31
DDH-ZO-044Aª 86.00 100.00 14.0 0.70
DDH-ZO-045Aª 68.00 118.00 50.0 0.35
DDH-ZO-046 42.00 60.8 18.8 0.20
*Interval length represents downhole length. Intervals are selected using a cut -off grade of 0.3 g/t and
may include a maximum dilution of one sample interval under cut -off. Sample intervals are typically 2
metres.
Table 3 – Current Drill Hole Specifications
HOLE EAST_UTM NORTH_UTM ELEV (M) TOTAL
DEPTH
AZIMUTH DIP
La Cumbre
DDH-ZO-001 420780.75 585307.19 1865.69 73.20 360 -90
DDH-ZO-002 420854.15 585293.29 1870.99 100.00 360 -90
DDH-ZO-003 420801.08 585371.84 1902.15 91.00 360 -90
DDH-ZO-004 420874.88 585441.72 1907.49 80.25 360 -90
DDH-ZO-005 420876.73 585393.28 1892.38 101.55 360 -90
DDH-ZO-009 420738.06 585333.30 1897.82 100.00 360 -90
DDH-ZO-011 421098.46 585358.53 1846.98 111.40 360 -90
DDH-ZO-012 421023.74 585333.82 1859.12 97.30 360 -90
DDH-ZO-014 420815.71 585490.86 1901.46 100.00 360 -90
DDH-ZO-015 420753.71 585487.55 1941.90 87.80 360 -90
DDH-ZO-018 420931.55 585208.47 1839.25 100.00 360 -90
DDH-ZO-019 421086.88 585254.36 1822.76 100.00 360 -90
DDH-ZO-021 420982.08 585105.34 1766.45 100.26 360 -90
DDH-ZO-026 421053.53 585376.91 1863.72 95.70 360 -90
DDH-ZO-027 421080.89 585333.26 1854.88 110.00 360 -90
DDH-ZO-028 421135.39 585366.80 1813.15 100.00 360 -90
DDH-ZO-030 421127.01 585274.34 1809.81 106.80 360 -90
DDH-ZO-033 420938.98 585330.03 1876.96 100.00 360 -90
DDH-ZO-034 420860.91 585418.59 1911.91 100.05 360 -90
DDH-ZO-035 420742.38 585473.01 1940.98 100.00 360 -90
DDH-ZO-047 421095.00 585358.00 1842.00 264.10 360 -90
DDH-ZO-048 421063.00 585307.00 1847.34 278.80 360 -90
DDH-ZO-049 420984.00 585350.00 1867.03 296.50 360 -90
DDH-ZO-050 421099.00 585256.00 1811.17 300.00 360 -90
DDH-ZO-051 420850.00 585450.00 1895.11 300.00 360 -90
Mandeval
DDH-ZO-036 421085.00 585775.00 1784.23 1785.47 -60 90
DDH-ZO-037 421075.00 585725.00 1789.73 1795.94 -65 270
DDH-ZO-038 421164.00 585819.00 1802.91 1805.14 -60 90
DDH-ZO-039 421170.00 585875.00 1776.13 1771.77 -60 90
DDH-ZO-040 421119.00 585840.00 1768.54 1770.78 -60 90
DDH-ZO-041 421119.00 585840.00 1768.54 1770.78 -90 360
La Lengüita
DDH-ZO-042 421299.00 586098.00 1759.56 1760.09 -60 270
DDH-ZO-043 421350.00 586102.00 1729.94 1728.58 -60 270
DDH-ZO-
044A 421350.00 586102.00 1729.94 1728.58 -55 90
DDH-ZO-
045A 421340.00 586165.00 1710.83 1708.93 -55 90
DDH-ZO-046 421212.00 585933.00 1747.77 1749.82 -60 90
The Company, through its wholly-owned Colombian subsidiary Minera Quinchía S.A.S., has completed a
community shared value program in alliance with the Canadian Government and the International
Organization for Migration (“IOM”) for the area of influence of Batero’s exploration activities.
The program, named " Improving Socio -Economic Development for Families in Quinchía, Risaralda " was
submitted jointly by Batero and the IOM to the Department of Foreign Affai rs, Trade and D evelopment of
the Government of Canada (formerly Canadian International Development Agency) during the 2012 call for
proposals for the Strategic Partnerships for Development Fund (“ SPDF”) that was created as part of its
Andean Regional Initiative. Roughly 5050 families in the area of influence benefitted from the program.
“Batero has been committed to working with the community since the inception of the Company and the
implementation of the program “Improving Socio -Economic Development for Families in Qui nchía,
Risaralda” is a testament to our ongoing commitment to local families ,” stated Gonzalo de Losada, President
and CEO of Batero Gold Corp.
The Company has commenced an environmental impact assessment (“EIA”) with consultant Environmental
and Geographical Services "SAG .” Environmental and Geographical Services "SAG” has extensive
experience preparing EIA studies within Colombia. The technical studies for the development of the EIA are
expected to include hydrogeological and geotechnical model of the Batero-Quinchia deposit. Additionally, a
socio-economic survey and characterization of all social and environmental components located in the area of
direct and indirect influence of the Project is expected to be completed. The Company is also engaged in a
Prior Consultation process which is part of the EIA.
Sample Preparation, Assays, and Quality Assurance/Quality Control (“QA/QC”)
Core is collected, logged (geological & geotechnical), cut and sampled at Batero ’s drilling camp in the project
area. All quality control (“ QC”) samples are introduced before shipment to ALS Minerals’ sample
preparation facilities in Medellin, Colombia. The prepared samples are then shipped to ALS Minerals’
analytical facilities in Lima , Peru for analyses. Gold is fire -assayed using a 50 gram aliquot sample and
Atomic Absorption finish. Multi -element analysis is achieved by Four Acid Digestion and an Induced
Coupled Plasma-Emission Spectroscopy finish.
The Company's QA/QC program incl udes the regular insertion of blanks, multiple certified assay standards
and duplicate samples into the sample shipments. These QC samples are inserted in every assay batch with
each batch comprising 12% of such samples. Monitoring of these QC samples is a critical part of Batero ’s
QA/QC protocols that involve the re -analysis of a minimum of 10 samples bounding any failed control
sample. A third party check laboratory receives 5% of all samples to verify the original assay s.
Roger Moss, Ph.D., P.Geo., a co nsultant at Batero, is the qualified person as defined by National Instrument
43-101 and has reviewed and approved the scientific and technical information provided in this news release.
ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
Gonzalo de Losada
President and CEO
Batero Gold Corporation
For further information please contact:
Michael Mills
Tel: 604.568.6378 or
Email:[email protected]
ABOUT BATERO GOLD
Batero Gold Corp. is a precious and base meta ls exploration and development company focused on two
primary objectives. The first of these objectives is the advancement of the La Cumbre oxide deposit. La
Cumbre is located within the Company’s 100% owned Batero -Quinchia Gold Project, which sits within
Colombia’s emerging and prolific Mid Cauca gold and copper belt. Batero intends to first target the near and
at surface higher grade oxidized gold mineralization at the deposit. Batero’s second objective is to pursue
opportunities to acquire prospective high-grade, production-focused mineral properties in Colombia and Latin
America. In pursuing both these objectives, Batero plans to leverage its secure treasury position, strong
regional relationships, experienced management team, and long - term financial pa rtners. Shares of the
Vancouver-based company trade on the TSX-Venture Exchange under the symbol “BAT”.
FORWARD LOOKING STATEMENTS
Certain of the statements and information in this news release constitute “forward -looking statements” or
“forward-looking information”. Any statements or information that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases s uch as “expects”, “anticipates”, “believes”,
“plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof
or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or
be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact
and may be forward-looking statements or information.
Forward-looking statements or information may relate to, among other th ings: grades on the Project; scope of
mineralization within the Project; results of exploration activities; receipt and/or timing of required permits
and regulatory approvals; the Company’s objectives with respect to advancement of the Project and
acquisition of prospective high-grade, production-focused mineral properties in Colombia and Latin America;
scope and results of EIA; the sufficiency of the Company’s capital to finance the Company’s operations; and
geological interpretations and potential mineral recovery processes.
The Company’s actual results could differ materially from those anticipate d in forward -looking statements
and information. Forward-looking statements and information are subject to a variety of known and unknown
risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in
the forward -looking statements or information , including, but not limited to, the following: uncertainty of
whether there will ever be development or production at the Company’s mineral exploration properties;
geological, technical, drilling or processing problems; liabilities and risks, including environmental liabilities
and risks, inherent in mineral exploration and development; fluctuations in currency exchange and interest
rates; incorrect assessments of the value of acquisitions; unanticipated results of exploration acti vities;
competition for, among other things, capital, undeveloped lands and skilled personnel; lack of availability of
additional financing and /or joint venture partners; unpredictable weather conditions , as well as those other
risk factors described under the heading “Financial Instruments and Other Risk Exposures” set forth in the
Company’s management’s discussion and analysis.
The Company’s forward -looking statements and information are based on the assumptions, beliefs,
expectations and opinions of management as of the date of this news release, including, but not limited to, that
the results of planned exploration activities a re as anticipated, the price of metals, the anticipated cost of
planned exploration activities, that general business and economic conditions will not change in a material
adverse manner, that financing will be available if and when needed and on reasonabl e terms, and that third
party contractors, equipment and supplies and governmental and other approvals required to conduct the
Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Other
than as required by applicable securities laws, the Company does not assume any obligation to update
forward-looking statements or information in the event that circumstances or management’s assumptions,
beliefs, expectations or opinions should change, or there should occur o r develop changes in any other events
affecting such statements or information. For the reasons set forth above, investors should not place undue
reliance on forward-looking statements and information.
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.