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BAT Batero Gold Corp

0.055
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Batero Gold Corp TSXV:BAT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.05 0.06 0 01:00:00

Batero Extends Continuity of Higher Grade Core of Oxidized Gold Mineralization

15/11/2012 9:00am

Marketwired Canada


Batero Gold Corp. ("Batero," "the Company") (TSX
VENTURE:BAT)(FRANKFURT:68B)(PINKSHEETS:BELDF) is pleased to report results from
the final 28 holes drilled at the La Cumbre deposit ("La Cumbre") at the
Company's 100% owned Batero-Quinchia project ("the Project"), located in
Risaralda, Colombia. These 28 holes represent the conclusion of the Company's
2012 development drill program.


La Cumbre Drill Highlights:



--  LC070: from 6.5 m to 150 m (end of hole) grading 1.36 g/t gold and 2.58
    g/t silver (compare LC023, LC017) 
--  LC057: vertical drill hole from 4.00 m to 100.00 m (end of hole) grading
    1.20 g/t gold and 2.16 g/t silver, including from 94.00 m to 100.00 m
    (end of hole) grading 1.69 g/t gold and 3.66 g/t silver 
--  LC061: from 0.0 m to 82.7 m (hole terminated due to technical issues)
    grading 1.07 g/t gold and 3.40 g/t silver 
--  All drill holes reported ended in gold mineralization 



See Figure 1, Figure 2 and Figure 3 at the end of this release for a Plan View
Map and Long Sections of 2012 Drill Hole Locations. 


See Table 1 for 2012 Drill Hole Results and Table 2 for Drill Hole Specifications.

Current infill drill results at La Cumbre continue to outline additional volumes
in the deposit's core of higher grade oxidized gold mineralization, which grades
in excess of 1.0 g/t gold and occurs near and at surface. Infill drilling
results also extend the trend of La Cumbre's high grade core to the northwest
and to the southeast. Drill hole LC070 comprises the highest gold grades
reported to date at the Project and LC057 comprise the second highest gold
grades reported to date at the Project located on the north side of the high
grade central core at La Cumbre. The total 2012 drill program consisted of 35
holes over 4,947 metres. These holes are located within a 600 metre
northwest-southeast strike length zone of continuous gold mineralization located
from surface. All drill holes reported ended in gold mineralization. 


"We are pleased that the results from our 2012 drill program continue to outline
grades of over 1+ g/t gold in the large continuous zones of mineralization at La
Cumbre," stated Brandon Rook, Batero's President and Chief Executive Officer.
"These positive drill results serve as encouraging signs for the future of the
Batero-Quinchia project. As a result of our alliance with Consorcio Minero
Horizonte, we now possess the financial and technical capabilities required to
move this project forward." 


With the 2012 drill plan complete, Batero is working towards the preparation of
an updated resource estimate, focusing only on La Cumbre's high grade oxidized
gold mineralization at surface as the basis of a comprehensive technical report
that will encompass all of the work completed to date at La Cumbre. Remodeling
of the La Cumbre oxidized deposit and resources are expected to be completed in
early 2013. The high grade core at La Cumbre is expected to improve both the
average grade and ounces in an updated mineral resource estimate, as the 1+ g/t
gold core is well above the average grade of the oxide mineral resource estimate
previously reported in the initial resource estimate (see below).


The Company is currently evaluating the most efficient and cost effective mine
scenario, including a leach processing circuit and the optimum starter pit
production rate from the high grade oxidized mineralization at La Cumbre. The
Company will also include La Cumbre's transition zone, which was not included in
the initial oxide resource estimate, in its evaluation. This mine scenario is
anticipated to be the first stage of a potentially larger mine plan. 


Batero is focused on accelerating the La Cumbre deposit towards a development
decision. Engineering, environmental impact assessment, archaeological studies,
and social baseline studies are all sufficiently advanced to support any
development option. Pending the positive results of the technical report, the
Company will assess the merits of advancing the development of the La Cumbre
deposit.


Batero recently announced a $20.0 million financing deal and the formation of a
strategic alliance with Consorcio Minero Horizonte ("Horizonte"), a privately
owned Peruvian company with annual production exceeding 200,000 gold ounces, the
fifth largest gold producer in Peru. Horizonte will provide technical expertise
as the Company advances La Cumbre deposit through to a production decision.
Complete details of this transaction are available within the Company's news
release dated November 1, 2012. 


Given the positive results from the infill drill program, a revision and
updating of the mineral resources at La Cumbre should maintain or better the
categorization of the resources in this deposit. The initial mineral resource
estimate of the La Cumbre deposit (effective January 25, 2012) at a 0.3 g/t gold
cut-off grade and within a Whittle pit shell are as follows (see www.sedar.com
for Technical Report amended on April 19, 2012):




--  Indicated resources containing 2.3 million ounces gold in 131.0 million
    tonnes averaging 0.56 g/t gold 
--  Inferred resources containing 0.7 million ounces gold in 39.0 million
    tonnes averaging 0.52 g/t gold 



The initial oxide resource estimate of the La Cumbre deposit (effective January
25, 2012) at a 0.16 g/t gold cut-off grade and within a Whittle pit shell are as
follows (see www.sedar.com for Technical Report amended on April 19, 2012):




--  Indicated resources containing 275,000 ounces gold in 15.4 million
    tonnes averaging 0.56 g/t gold 
--  Inferred resources containing 81,000 ounces gold in 6.7 million tonnes
    averaging 0.37 g/t gold 



La Cumbre Deposit Highlights



--  Large continuous zones of at and near surface oxidized gold
    mineralization grading greater than 0.7 g/t gold 
--  2012 drill program indicates expansion of 1+ g/t gold in central core
    area 
--  Greater than 1.0 g/t gold intercepts occur within the oxide zone of gold
    mineralization that extends from surface to a depth of up to 70 metres
    and through the underlying transition zone that exists over a vertical
    distance of 150 metres to 250 metres 
--  Metallurgical bottle role testing in 2012 yielded gold recoveries of 93%
    and 94% for gold mineralization in the oxide zone and recoveries from
    82% to 86% in the transition zone 
--  Topography and location of gold mineralization suggest a low strip ratio
--  Permitting process to initiate exploitation activity is ongoing 
--  100% ownership of surface rights at La Cumbre deposit 



Ongoing Work Programs

Metallurgical samples from the 2012 drilling have been submitted to SGS (Lima)
for gold deportment studies, column leach tests, and supporting bottle roll
tests. The Company anticipates all results to be released in the first quarter
of 2013. Review of geotechnical results associated with orientated drilling in
approximately 50% of the 2012 drill holes will feed into a preliminary open pit
design and associated engineering to support a development decision at the La
Cumbre deposit.


Drill Hole Program Results

The 2012 development drill program commenced on July 15, 2012 and was completed
on September 25, 2012. The drill program was designed to (i) infill the areas of
interpolated higher grade mineralization along a northwest-southeast trending
corridor, (ii) step out to the northwest and southeast to extend the areas of
interpolated higher grade mineralization, and (iii) step out to the north of La
Cumbre towards the El Centro zone to test near surface higher grade linkage
between the deposits. The drill hole lengths vary from 100 metres to 200 metres,
and were multitasked to provide both geological and geotechnical information and
sample material for metallurgical test work. Fresh samples of drill core
material have been submitted for bottle roll and column leach testing.


Infill Drilling at La Cumbre - North, Central and Southeast 

(LC041, 052, 057; LC056, 058, 059, 060, 061, 070; LC066, 067, 068, 069)

Drilling confirmed and delimited the near and at surface high grade
mineralization, +1 g/t gold, that starts in the oxidized zone and continues at
depth through a low total sulphur transition zone. All holes ended in gold
mineralization. 


Step Out Drilling at La Cumbre - Northwest and Southeast 

(LC044, 046, 047, 050, 055; LC062, 063, 064, 065)

Drilling confirmed continued mineralization along both step out directions. To
the northwest the near surface mineralization is limited by a fault structure
and non-mineralized volcanic breccia. However, mineralization was encountered at
depth across the fault and remains open to the northwest at depth. To the
southeast mineralization above 0.5 g/t gold was confirmed to continue in trend
and supported by narrow high grade, +1g/t gold, veinlet systems.


Step out Drilling towards El Centro 

(LC045, 048, 049, 051, 053, 054)

Results from drilling near El Centro indicate there is little near surface high
grade mineralization across the Amarillo Structural Corridor, but confirm narrow
high grade epithermal style mineralization located above the deeper porphyry
style mineralization previously drilled at El Centro. Further interpretation of
the drill data in this sector is required to properly establish the epithermal/
porphyry target at El Centro. This will be further evaluated in 2013.


Table 1 - 2012 Drill Hole Results



                                                                            
Infill Drilling - North                                                     
----------------------------------------------------------------------------
                From          To      Length         Au         Ag        Cu
Drill Hole       (m)         (m)         (m)      (g/t)      (g/t)       (%)
----------------------------------------------------------------------------
LC041           0.00      150.00      150.00       0.64       1.70      0.12
----------------------------------------------------------------------------
including       0.00       46.00       46.00       0.97       1.45      0.15
----------------------------------------------------------------------------
subinterval     5.60       28.00       22.40       1.18       0.76      0.19
----------------------------------------------------------------------------
including      50.00       56.00        6.00       0.53       1.72      0.10
----------------------------------------------------------------------------
including      63.80       78.60       14.80       0.65       1.80      0.12
----------------------------------------------------------------------------
including      85.20      110.00       24.80       0.60       2.10      0.12
----------------------------------------------------------------------------
including     116.00      122.00        6.00       0.53       2.28      0.10
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC052           2.00      170.00      168.00       0.49       1.09      0.07
----------------------------------------------------------------------------
including       2.00       33.80       31.80       1.00       1.45      0.09
----------------------------------------------------------------------------
subinterval    14.00       22.00        8.00       1.38       1.58      0.09
----------------------------------------------------------------------------
subinterval    28.00       32.00        4.00       1.23       1.70      0.06
----------------------------------------------------------------------------
including      40.20       47.20        7.00       0.55       1.33      0.06
----------------------------------------------------------------------------
including      52.25       53.40        1.15       0.58       2.55      0.20
----------------------------------------------------------------------------
including      93.27       95.00        1.73       0.71       1.48      0.11
----------------------------------------------------------------------------
including     119.80      121.28        1.48       0.83       1.73      0.13
----------------------------------------------------------------------------
including     133.00      139.86        6.86       0.88       1.34      0.09
----------------------------------------------------------------------------
subinterval   135.00      138.60        3.60       0.99       1.27      0.09
----------------------------------------------------------------------------
including     151.00      153.00        2.00       0.76       2.02      0.13
----------------------------------------------------------------------------
including     168.00      170.00        2.00       0.55       0.93      0.07
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC057           4.00      100.00       96.00       1.20       2.16      0.15
----------------------------------------------------------------------------
including      25.00       39.00       14.00       1.59       1.81      0.17
----------------------------------------------------------------------------
including      43.00       66.05       23.05       1.24       1.93      0.16
----------------------------------------------------------------------------
including      74.50       86.00       11.50       1.32       2.96      0.18
----------------------------------------------------------------------------
including      94.00      100.00        6.00       1.69       2.88      0.25
----------------------------------------------------------------------------
                                                                            
Infill Drilling- Central                                                    
----------------------------------------------------------------------------
                From          To      Length         Au         Ag        Cu
Drill Hole       (m)         (m)         (m)      (g/t)      (g/t)       (%)
----------------------------------------------------------------------------
LC056           6.50      200.00      193.50       0.59       1.86      0.10
----------------------------------------------------------------------------
including      75.50       76.50        1.00       4.47      35.60      0.34
----------------------------------------------------------------------------
including     113.60      200.00       86.40       0.90       2.43      0.16
----------------------------------------------------------------------------
including     179.00      200.00       21.00       1.09       2.60      0.18
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC058           9.25      200.00      190.75       0.64       2.20      0.14
----------------------------------------------------------------------------
including       9.25      137.00      127.75       0.76       2.24      0.15
----------------------------------------------------------------------------
subinterval    11.00       23.30       12.30       1.25       1.87      0.09
----------------------------------------------------------------------------
subinterval    15.50       19.00        3.50       1.52       1.48      0.11
----------------------------------------------------------------------------
including     150.00      170.00       20.00       0.63       2.36      0.13
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC059           6.45      160.00      153.55       0.76       2.06      0.15
----------------------------------------------------------------------------
including       6.45       30.00       23.55       1.13       1.21      0.12
----------------------------------------------------------------------------
subinterval     6.45       22.50       16.05       1.23       1.77      0.17
----------------------------------------------------------------------------
including      32.00       55.20       23.20       0.69       2.35      0.17
----------------------------------------------------------------------------
including      61.00       97.00       36.00       0.62       2.20      0.16
----------------------------------------------------------------------------
including     103.00      160.00       57.00       0.82       1.96      0.15
----------------------------------------------------------------------------
subinterval   115.00      140.45       25.45       1.00       1.94      0.17
----------------------------------------------------------------------------
subinterval   115.00      116.28        1.28       2.43       3.01      0.28
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC060           3.00      150.00      147.00       0.92       2.05      0.17
----------------------------------------------------------------------------
including      23.00      150.00      127.00       0.99       2.05      0.18
----------------------------------------------------------------------------
subinterval    25.00       66.00       41.00       1.57       2.83      0.26
----------------------------------------------------------------------------
subinterval    44.00       49.50        5.50       4.28       5.76      0.56
----------------------------------------------------------------------------
including      90.50       95.00        4.50       1.03       2.48      0.21
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC061           0.00       82.70       82.70       1.07       3.40      0.18
----------------------------------------------------------------------------
including      54.00       82.70       28.70       1.46       3.37      0.23
----------------------------------------------------------------------------
subinterval    66.00       82.70       16.70       1.70       3.48      0.27
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC070           6.50      150.00      143.50       1.36       2.58      0.17
----------------------------------------------------------------------------
including       6.50       15.50        9.00       1.80       1.15      0.13
----------------------------------------------------------------------------
including      20.00      150.00      130.00       1.36       2.71      0.17
----------------------------------------------------------------------------
subinterval    28.00       34.00        6.00       1.47       2.64      0.08
----------------------------------------------------------------------------
subinterval    44.00      112.00       68.00       1.65       3.11      0.18
----------------------------------------------------------------------------
and            48.20       66.00       17.80       2.24       3.53      0.16
----------------------------------------------------------------------------
and            86.00      104.00       18.00       1.92       2.68      0.22
----------------------------------------------------------------------------
subinterval   120.00      131.70       11.70       1.58       3.20      0.23
----------------------------------------------------------------------------
                                                                            
Infill Drilling - Southeast                                                 
----------------------------------------------------------------------------
                From          To      Length         Au         Ag        Cu
Drill Hole       (m)         (m)         (m)      (g/t)      (g/t)       (%)
----------------------------------------------------------------------------
LC066           0.00      200.00      200.00       0.51       2.01      0.12
----------------------------------------------------------------------------
including       0.00       14.00       14.00       0.68       4.23      0.07
----------------------------------------------------------------------------
including      53.00       67.00       14.00       0.75       2.10      0.16
----------------------------------------------------------------------------
including     104.00      115.20       11.20       0.65       2.21      0.14
----------------------------------------------------------------------------
including     120.50      130.00        9.50       0.71       2.26      0.13
----------------------------------------------------------------------------
including     162.00      177.70       15.70       0.65       1.70      0.12
----------------------------------------------------------------------------
including     187.00      200.00       13.00       0.66       2.93      0.15
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC067           0.00      100.00      100.00       0.49       2.23      0.08
----------------------------------------------------------------------------
including       0.00       30.60       30.60       0.74       3.74      0.06
----------------------------------------------------------------------------
including      70.00      100.00       30.00       0.64       1.99      0.12
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC068           1.23      100.00       98.77       0.60       2.31      0.13
----------------------------------------------------------------------------
including       1.23       11.30       10.07       0.86       2.63      0.15
----------------------------------------------------------------------------
including      37.00       51.60       14.60       0.62       2.76      0.13
----------------------------------------------------------------------------
including      57.00       84.00       27.00       0.79       2.33      0.13
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC069           0.00      100.00      100.00       0.45       4.03      0.30
----------------------------------------------------------------------------
including       0.00       31.00       31.00       0.58       2.90      0.12
----------------------------------------------------------------------------
                                                                            
Step Out Drilling - Northwest                                               
----------------------------------------------------------------------------
                From          To      Length         Au         Ag        Cu
Drill Hole       (m)         (m)         (m)      (g/t)      (g/t)       (%)
----------------------------------------------------------------------------
LC044           4.00      100.00       96.00       0.32       1.30      0.03
----------------------------------------------------------------------------
including      19.00       27.00        8.00       0.57       1.52      0.04
----------------------------------------------------------------------------
including      32.10       38.00        5.90       0.97       1.80      0.05
----------------------------------------------------------------------------
including      67.00       73.70        6.70       0.87       2.32      0.13
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC046           2.00      150.00      148.00       0.08       0.47      0.01
----------------------------------------------------------------------------
including      98.00      102.00        4.00       0.63       1.80      0.07
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC047           0.00      150.00      150.00       0.03       0.44      0.00
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC050           2.00      170.00      168.00       0.24       0.64      0.03
----------------------------------------------------------------------------
including      25.50       27.00        1.50       1.76       0.87      0.02
----------------------------------------------------------------------------
including      31.00       34.60        3.60       1.10       1.09      0.01
----------------------------------------------------------------------------
including     117.00      127.00       10.00       0.84       1.12      0.09
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC055           3.00      200.00      197.00       0.52       1.24      0.07
----------------------------------------------------------------------------
including      26.00       28.00        2.00       0.58       1.37      0.05
----------------------------------------------------------------------------
including      33.70       37.00        3.30       0.60       0.87      0.06
----------------------------------------------------------------------------
including      41.00       43.00        2.00      14.70       2.00      0.04
----------------------------------------------------------------------------
including      70.00       72.00        2.00       0.51       1.78      0.11
----------------------------------------------------------------------------
including      83.60       87.00        3.40       0.58       1.09      0.09
----------------------------------------------------------------------------
including     111.00      115.00        4.00       0.58       1.17      0.11
----------------------------------------------------------------------------
including     127.00      139.00       12.00       0.62       1.53      0.11
----------------------------------------------------------------------------
including     155.00      168.50       13.50       0.80       2.44      0.15
----------------------------------------------------------------------------
including     188.00      192.00        4.00       0.53       1.22      0.09
----------------------------------------------------------------------------
including     196.00      200.00        4.00       0.52       1.79      0.13
----------------------------------------------------------------------------
                                                                            
Step Out Drilling - Southeast                                               
----------------------------------------------------------------------------
                From          To      Length         Au         Ag        Cu
Drill Hole       (m)         (m)         (m)      (g/t)      (g/t)       (%)
----------------------------------------------------------------------------
LC062           0.00      200.00      200.00       0.53       2.33      0.14
----------------------------------------------------------------------------
including      59.50       69.50       10.00       0.65       2.57      0.12
----------------------------------------------------------------------------
including      79.00       88.00        9.00       0.80       2.78      0.19
----------------------------------------------------------------------------
including     174.00      192.00       18.00       0.65       1.22      0.10
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC063           2.00      200.00      198.00       0.40       1.40      0.07
----------------------------------------------------------------------------
including       2.00        7.00        5.00       1.01       1.57      0.06
----------------------------------------------------------------------------
including      13.90       25.00       11.10       0.60       1.19      0.11
----------------------------------------------------------------------------
including      43.10       45.40        2.30       4.79       1.83      0.22
----------------------------------------------------------------------------
including      51.00       55.00        4.00       1.13       0.87      0.07
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC064           0.00      200.00      200.00       0.43       1.80      0.12
----------------------------------------------------------------------------
including      20.00       22.00        2.00       1.80       2.11      0.13
----------------------------------------------------------------------------
including      69.00       74.00        5.00       0.69       2.19      0.17
----------------------------------------------------------------------------
including     111.00      132.00       21.00       0.54       1.90      0.12
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC065           0.00      200.00      200.00       0.45       1.14      0.08
----------------------------------------------------------------------------
including      16.00       34.00       18.00       0.69       2.01      0.11
----------------------------------------------------------------------------
including      65.50       76.20       10.70       0.76       2.03      0.19
----------------------------------------------------------------------------
including      88.80      103.00       14.20       0.65       1.02      0.11
----------------------------------------------------------------------------
including     167.00      169.00        2.00       1.58       0.87      0.05
----------------------------------------------------------------------------
                                                                            
El Centro Drilling                                                          
----------------------------------------------------------------------------
                From          To      Length         Au         Ag        Cu
Drill Hole       (m)         (m)         (m)      (g/t)      (g/t)       (%)
----------------------------------------------------------------------------
LC045           0.00      100.00      100.00       0.12       0.26      0.01
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC048           0.00      100.00      100.00       0.17       0.82      0.04
----------------------------------------------------------------------------
including       0.00        6.85        6.85       0.74       0.30      0.01
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC049           0.00      100.00      100.00       0.37       1.65      0.02
----------------------------------------------------------------------------
including      26.50       32.30        5.80       0.82       0.76      0.03
----------------------------------------------------------------------------
including      36.80       41.00        4.20       0.54       0.49      0.03
----------------------------------------------------------------------------
including      45.60       53.00        7.40       0.76       0.60      0.02
----------------------------------------------------------------------------
including      68.50       73.00        4.50       0.88      27.16      0.03
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC051           0.00      100.00      100.00       0.15       1.07      0.03
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC053           0.00      150.00      150.00       0.14       0.86      0.03
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
LC054           2.80      150.00      147.20       0.29       1.24      0.05
----------------------------------------------------------------------------
including       2.80        9.00        6.20       0.83       0.39      0.05
----------------------------------------------------------------------------
subinterval   100.00      103.00        3.00       0.82       1.49      0.07
----------------------------------------------------------------------------



(i) Interval length represents downhole length. Intervals are selected using a
cut-off grade of 0.5g/t and may include a maximum dilution of one sample
interval under cut-off. Sample intervals are typically 2 metres.


Table 2 - Current 2012 Drill Hole Specifications



----------------------------------------------------------------------------
Drill                               Elevation                          Depth
 Hole         Easting    Northing         (m)    Azimuth     Dip         (m)
----------------------------------------------------------------------------
Infill Drilling - North                                                     
----------------------------------------------------------------------------
LC041          420826      585437        1910         57     -75      150.00
----------------------------------------------------------------------------
LC052          420750      585450        1938          0     -90      170.00
----------------------------------------------------------------------------
LC057          420842      585496        1888          0     -90      100.00
----------------------------------------------------------------------------
Infill Drilling - Central                                                   
----------------------------------------------------------------------------
LC056          420885      585307        1874         57     -60      200.00
----------------------------------------------------------------------------
LC058          420858      585344        1884        237     -60      200.00
----------------------------------------------------------------------------
LC059          420844      585379        1892         57     -60      160.00
----------------------------------------------------------------------------
LC060          420897      585349        1884         57     -60      150.00
----------------------------------------------------------------------------
LC061          421025      585250        1824         57     -65       82.70
----------------------------------------------------------------------------
LC070          421081      585315        1854         57     -85      150.00
----------------------------------------------------------------------------
Infill Drilling - Southeast                                                 
----------------------------------------------------------------------------
LC066          420950      585190        1824         57     -65      200.00
----------------------------------------------------------------------------
LC067          421000      585190        1796         57     -60      100.00
----------------------------------------------------------------------------
LC068          421115      585157        1760          0     -90      100.00
----------------------------------------------------------------------------
LC069          421100      585190        1780          0     -90      100.00
----------------------------------------------------------------------------
Step Out Drilling - Northwest                                               
----------------------------------------------------------------------------
LC044          420660      585502        1960          0     -90      100.00
----------------------------------------------------------------------------
LC046          420675      585587        1944         57     -60      150.00
----------------------------------------------------------------------------
LC047          420675      585587        1944        237     -60      150.00
----------------------------------------------------------------------------
LC050          420717      585529        1964          0     -90      170.00
----------------------------------------------------------------------------
LC055          420759      585540        1952          0     -90      200.00
----------------------------------------------------------------------------
Step Out Drilling - Southeast                                               
----------------------------------------------------------------------------
LC062          420900      585149        1802         57     -65      200.00
----------------------------------------------------------------------------
LC063        421009.7    585033.7        1720         57     -60      200.00
----------------------------------------------------------------------------
LC064          421000      585110        1776         57     -60      200.00
----------------------------------------------------------------------------
LC065          421000      585110        1776        237     -60      200.00
----------------------------------------------------------------------------
El Centro Drilling                                                          
----------------------------------------------------------------------------
LC045          421000      585620        1860          0     -90      100.00
----------------------------------------------------------------------------
LC048          421000      585800        1800          0     -90      100.00
----------------------------------------------------------------------------
LC049          420930      585730        1852          0     -90      100.00
----------------------------------------------------------------------------
LC051          421090      585750        1800          0     -90      100.00
----------------------------------------------------------------------------
LC053          421079      585794        1764        237     -65      150.00
----------------------------------------------------------------------------
LC054          421105      585715        1820         57     -65      150.00
----------------------------------------------------------------------------



To see all maps, figures and strip logs please visit www.baterogold.com

Sample Preparation, Assays, and Quality Assurance/Quality Control

Core is collected and logged (geological & geotechnical), cut and sampled at
Batero Gold's drilling camp at the project area. All QC samples are introduced
before shipment to ALS Minerals' sample preparation facilities in Medellin,
Colombia. 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 includes 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, each batch comprising 24 samples.
Monitoring of these QC samples is a critical part of Batero Gold Corp's QA/QC
protocols that involve the re-analyses 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 analyses.


Darryl Lindsay, Ph.D., P.Geo., Senior Vice President and Chief Operating Officer
at Batero Gold, is the qualified person as defined by National Instrument 43-101
and is responsible for the technical information provided in this release and
all future news releases.


ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Brandon Rook, President & CEO 

ABOUT BATERO GOLD  

Batero Gold Corp. is a precious and base metals exploration and development
company focused in the emerging and prolific Mid-Cauca porphyry gold and copper
belt in the Quinchia district of Colombia. Batero has a 100% interest in the
Batero-Quinchia gold project and is currently focused on advancing La Cumbre
deposit toward a production decision optimizing the most efficient leach
processing circuit. The Company is first targeting the near and at surface
higher grade oxidized gold mineralization. Batero has assembled a strong
management and technical team that have contributed to significant discoveries
and mineral development programs in Colombia and South America. Batero plans to
leverage its strategic share structure with strong local and regional
relationships, and long-term financial partners, to develop its Batero-Quinchia
exploration project into a gold producing operation. Shares of the
Vancouver-based company trade on the Toronto Venture Exchange under the symbol
BAT.


FORWARD-LOOKING STATEMENTS 

Certain of the statements and information in this press 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 such 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 relate to, among other things:
developing the most efficient and cost-effective leach processing circuit for
the Cumbre gold deposit, the timing and scope of expected diamond drilling;
resource estimate, grades on the Batero-Quinchia project; scope of
mineralization within the Batero-Quinchia project; timing of receipt of permits
and regulatory approvals; the sufficiency of the Company's capital to finance
the Company's operations; geological interpretations and potential mineral
recovery processes.


Forward-looking statements or 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, without limitation, risks relating to: fluctuations in
the spot and forward price of gold or certain other commodities; changes in
national and local government legislation, taxation, controls, regulations and
political or economic developments in Canada, Colombia or other countries in
which the Company may carry on business in the future; the uncertainties
involved in interpreting geological data; business opportunities that may be
presented to, or pursued by, the Company; operating or technical difficulties in
connection with mining activities; the speculative nature of gold exploration
and development, including the risks of obtaining necessary licenses and
permits; diminishing quantities or grades of reserves; and contests over title
to properties, particularly title to undeveloped properties. In addition, there
are risks and hazards associated with the business of gold exploration,
development and mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion
losses (and the risk of inadequate insurance, or the inability to obtain
insurance, to cover these risks).


This list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. Forward-looking statements or
information are statements about the future and are inherently uncertain, and
actual achievements of the Company or other future events or conditions may
differ materially from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other factors,
including, without limitation, those referred to in the Company's Filing
Statement dated as of June 22, 2010 under the heading "Risk Factors". Although
the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. Accordingly, readers
should not place undue reliance on forward-looking statements or information.


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 press release, and other than as required by applicable securities laws,
the Company does not assume any obligation to update forward-looking statements
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or 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.


To view Figure 1 - Plan View of La Cumbre showing Current Release Drill Holes,
please visit the following link: http://media3.marketwire.com/docs/Bat-F1.pdf


To view Figure 2 - Long Section Showing Current Release Drill Holes, please
visit the following link: http://media3.marketwire.com/docs/Bat-F2.pdf


To view Figure 3 - Long Section Showing Histograms, please visit the following
link: http://media3.marketwire.com/docs/Bat-F3.pdf


Please visit http://www.baterogold.com/en/maps/la-cumbre-plan-and-section-maps
if you are unable to view these maps.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Batero Gold Corp.
604.568.6378
info@baterogold.com
www.baterogold.com

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