Samaranta Receives Preliminary Results From Airborne Survey Over Guadalupe Property, Columbia
05 Août 2011 - 4:00PM
Marketwired
Samaranta Mining Corporation (TSX VENTURE: SAX) ("Samaranta")
announces that further to its press release of July 14, 2011, MPX
Geophysics of Markham Ontario ("MPX") has completed 501 line
kilometer Helicopter Magnetometer and Gamma Spectrometer
(Radiometrics) survey on four separate Samaranta properties,
including the Guadalupe property, located adjacent to the northern
boundary of the Frontino Gold Mines in Antioquia, Colombia.
The raw unfiltered field data from the survey has revealed
several areas of interest. A preliminary surface investigation of
select areas of interest and other targets is underway. The data
from the complete survey is now being processed in an effort to
identify anomalies which may represent massive sulphide
mineralization. Upon the completion of a detailed interpretation
and a surface exploration program, Samaranta intends to undertake
an aggressive diamond drill program of the most prospective
targets. In anticipation of drilling the Company has issued tender
for drilling and is currently reviewing bids.
Dr. Volkmar Hable, President and CEO of Samaranta stated, "We
are anxious to see the interpretation of the airborne survey and
how it fits with the known mineralization at Frontino. These are
very exciting times for Samaranta given the adjoining property has
been mined for over 150 years while our property is about to be
drill tested for the first time."
About Samaranta:
Samaranta's key asset is the Guadalupe property that is
strategically located on the northern boundary of the Frontino Gold
Mine ("FGM"). FGM has been in production since about 1852 with
recorded production totaling about 4.6 million ounces. Both
Guadalupe and FGM are underlain primarily by the same granodioritic
rocks of the Segovia batholith. The Segovia Gold Belt is a region
of granodioritic rocks measuring approximately 300 km in length by
up to 75 km in width defined by a strong fault zone system trending
approximately north-south. Gold mineralization within this belt is
primarily associated with quartz veins and narrow vein swarms that
are spatially related to the major north to northeast trending
fault structures.
Technical information in this news release has been reviewed by
Derrick Strickland, P.Geo., a qualified person as defined in NI
43-101.
SAMARANTA MINING CORPORATION
Volkmar Hable, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Samaranta Mining Corporation Volkmar Hable President
604 641 1210 info@samaranta.ca Samaranta Mining Corporation Barry
Girling 604 639 4528 wbg@malaspinaconsultants.com
www.samaranta.ca
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