Ventana Gold’s (VEN-T) La Bodega project continues to impress with seemingly every hole the company punches into the Colombian mountainside.
The last round of results come from six holes at the gold-rich project and was highlighted by the first hole drilled into the La Baja tenement — which sits between the La Bodega and El Cuatro zones. The hole returned 15.2 metres grading 13.48 grams gold per tonne.
Drilling was done 200 metres along strike to the southwest of the La Mascota zone and, Ventana says it shows the structure continues on over into the La Baja area.
Another new area tested was within the Aserradero zone, which is southeast of La Mascota. That hole, however, was the most disappointing in terms of length and grade as it struck just 5.56 grams gold and 4.38 grams silver over 4.97 metres.
While such an intercept would be the envy of most juniors, it was hardly eye-popping in the context of some of La Bodega’s past results.
As for the better defined La Mascota zone, the company put four infill drill holes into the ground. The holes were drilled on a 25-metre spacing and their results indicate that mineralization remains “robust” at depth.
Highlights from the zone include 14 metres grading 6.85 grams gold and 8.2 metres of 22.36 grams gold in one hole, 27.4 metres of 13.66 grams gold in another and 37.3 metres of 5.76 grams gold in a third hole.
And while such results are stellar, plenty more should be on their way. That’s because Ventana is currently engaged in one of the more aggressive drilling programs of any active junior. It currently has 10 rigs turning at the site trying to define multiple areas of gold-rich mineralization.
The program breaks down as: infill drilling at the main La Mascota zone, infill and deep drilling at La Bodega, infill and step-out drilling in the El Cuatro tenement, Las Mercedes and Aserradero zones and initial exploration drilling at La Baja.
On top of all the drilling, Ventana is also getting set to start digging an exploration tunnel that will give it access to the La Mascota mineralization.
The tunnel will be for the dual purpose of getting exploration drilling done at depth and acquiring material for metallurgical testing.
Work on the 3,900-metre tunnel is slated to start in November and the company says it will take one year to finish the project.
That said, the company wants to start exploration drilling from the underground by the second quarter of 2011.
The company is also gearing up to start upgrading the La Baja process plant it acquired as part of its purchase of the La Bajatenement.
Ventana has already acquired a ball mill and gravity circuit and is buying more of the components it needs to replicate the metallurgical process circuit it would need for a full-scale process plant.
A pilot process plant is expected to be commissioned in the second quarter of 2011.
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