Three drill holes (JRND065, JRND066 & JRND067) from the central part of Arrastro Hills have now been completed with assay results still pending for two of the holes. Drill hole JRND068, the first diamond drill hole to test the new Arrastro Hills South East target, commenced last week. As outlined above, the SWIR analysis indicates Arrastro Hills South East may represent an exposed part of a porphyry system. In addition, this target is also characterized by an intense potassium radiometric anomaly, a major crosscutting fault structure, a deep seated IP anomaly, an interpreted intrusive heat source from the airborne magnetic survey and a centralised molybdenum soil anomaly that is wrapped on its eastern fringe by a Cu-Au soil anomaly (see Figure A: http://media3.marketwire.com/docs/ARRASTRO-HILLS-FigureA.jpg).
Drilling year to date has been slower than expected due to access difficulties associated with rain related damage to the main access road to the central part of Arrastro Hills. Drilling productivity is expected to improve going forward given the wet season typically ends in March and considering the Arrastro Hills South East target is much more easily accessed from the Company's exploration camp.
Murray Paterson, P.Geo, Vice President Exploration and Development for Lago Dourado Minerals Ltd, is the Qualified Person, within the meaning of NI 43-101,who reviewed the technical data in this news release.
About the Company:
Lago Dourado Minerals Ltd. is a Canadian mineral exploration company focused on advancing its 100%-owned Juruena gold project in the state of Mato Grosso, Brazil. Extensive gold mineralization has been identified over 15 square kilometres of the property, and at least 450,000 oz of gold has been mined from surface workings. The Company has conducted systematic exploration programs over portions of the property and priority target areas will be drill tested with a Phase 2 drill campaign that is expected to be ongoing through 2013.
For further information about the company, please visit www.lagodourado.com or www.sedar.com or contact:
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although Lago Dourado believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause Lago Dourado's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Lago Dourado does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lago Dourado Minerals Ltd.
President and Chief Executive Officer
(416) 368-5005 or 1-855-368-5005
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