UPDATE: Batero Gold Up Nearly 3%, Hits $3 as Provides Colombia Update
Batero Gold Corp. (BAT.V) reported the latest drill results from an additional five holes (2,401.34 metres) drilled on the company's 100% owned Batero-Quinchia project in Risaralda, Colombia. The company has now reported results for 38 holes (18,149.47 metres). "These drill results confirm our strategic approach to further delineate and infill La Cumbre porphyry, to extend its boundaries laterally and at depth. We are also very pleased on the strong success rate of our exploration drilling program with new porphyry mineralization intersected at El Centro (Manzanillo, La Lenguita and El Cedral)," Brandon Rook, President and CEO, said in a statement. "We are fast tracking the delineation drilling over a distance of more than 2 kms, from La Cumbre to El Centro up to Dos Quebradas with the goal to incorporate the newly discovered mineralized zones in the upcoming resource estimate planned for Q4 2011." Batero added drilling continues to expand La Cumbre gold copper porphyry to the northwest and southeast.
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