Batero Gold Corp.(TSXV:BAT) announced field exploration results, 2013 development initiatives, and plans for upcoming diamond drilling at their Batero-Quinchia Project in Colombia.
Batero Gold Corp.(TSXV:BAT) announced field exploration results, 2013 development initiatives and plans for upcoming diamond drilling at their Batero-Quinchia Project in Colombia.
As quoted in the press release:
Based on successful H1 2013 field exploration, drilling will commence on two new near surface gold oxide targets pending the selection of a drill contractor. A total of seven new exploration targets have been defined from the exploration program. Both of the high priority oxide target areas are within 200 metres of the La Cumbre oxide deposit.
Batero’s President and CEO, Brandon Rook, said:
The Company is continuing to focus on a staged development plan with the La Cumbre oxide deposit as a focus for the initial phase in a larger development plan. Our significant treasury has reduced financing risk and will provide the capital resources for exploration drilling, advanced studies on the project, as well as the opportunity for production focused acquisitions beyond the Quinchia district.