LAS VEGAS, Sept. 24 /PRNewswire-FirstCall/ -- Raven Gold Corp. (OTCBB: RVNG) (the "Company"), is pleased to announce the following potential La Currita gold and silver mineralization. The gold and silver mineralization that is currently being mined is derived from three main sources; clean-up of the adits and surface stockpiles, gold and silver mineralization drifting from the newly-discovered Sulema 2 vein, and the North zone open pit. The head grade from the underground clean-up and Sulema 2 vein averages 200g/tonne silver and 1.2 g/tonne gold while mining of the open pit has shown that as a result of supergene enrichment the grades are significantly higher, averaging 750g/tonne silver and 12g/tonne gold. Surface chip sampling has shown the North zone mineralization to extend for 400m along strike, and mining to a 12m down-dip depth has shown that the grades persist to that depth over a 10m width. The grades below this level are not known but continuation of the high grades for an additional 6m appears reasonable. The underground zones have been sporadically sampled by previous operators and a single block of gold and silver mineralization is currently available for mining on level 5 over a 3m width. Until further underground and surface drilling and sampling have been effected the current tonnage and grade is estimated as follows: ------------------------------------------------------------------------- Dip Sp. Strike Length Width Gr. Ag Ag Au Au Source (m) (m) (m) 2.5 Tonnes (g/T) (kg) (g/T) (kg) ------------------------------------------------------------------------- U/ground Level 5 200 30 3 2.5 45,000 200 9,000 1.2 53 ------------------------------------------------------------------------- Open Pit Upper 12m 400 12 10 2.5 120,000 750 90,000 12.0 1,440 ------------------------------------------------------------------------- Open Pit Lower 6m 400 6 10 2.5 60,000 375 22,500 6.0 360 ------------------------------------------------------------------------- Total 225,000 121,500 1,853 ------------------------------------------------------------------------- Average 540 8.23 ------------------------------------------------------------------------- Given the consistency of the vein, the potential for significantly increasing the tonnage at La Currita is excellent. Further drilling and exploration is recommended. David Petersen, P. Eng. has acted as the qualified person as identified by National Instrument 43-101, and reviewed and verified the technical content of this release. About La Currita ---------------- The La Currita project includes a mine, a 150 tonne/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. The existing mine holds potential to increase tonnage through systematic exploration. The area surrounding La Currita hosts numerous prospects and adjacent to the La Currita holdings, Palmarejo Gold recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating a potential major silver and gold producer. About Raven Gold Corp. ---------------------- Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low cost gold producer. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN (1-877-317-2836), Email: , Website: http://www.ravengold.com/ DATASOURCE: Raven Gold Corp. CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN (1-877-317-2836), Email: , Website: http://www.ravengold.com/

Copyright