VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Samaranta Mining Corporation (TSX VENTURE:SAX) (or "Samaranta") announces it has received a detailed interpretation for the recent Magnetometer and Gamma Spectrometer (Radiometrics) survey on four separate blocks, including the Guadalupe property, located adjacent to the northern boundary of the Frontino Gold Mines in Antioquia, Colombia.
Samaranta Mining Corp. engaged the services of Paterson, Grant & Watson Limited (PWG)of Toronto, ON, to interpret its 590 line kilometre aeromagnetic and radiometric survey. The main goals of the interpretation was to: define structures of importance in the area that might play a role in gold mineralization, refinement of the geology (alteration) and identify of potential target areas of interest for ground follow-up and compare this to existing similar structures from well-known gold mineralization in the contiguous Frontino Gold Mines.
As result of PWG detailed analysis eight areas have been identified for further ground follow up. Two of the largest areas are described below.
Target 1: Guadalupe 1 (Guad 2, TGT 1)
This 1km by 300m target lies along a dominant NNE structure located approximately 300m east of the San Nicolas NNE fault and is located 1.5 km NNE of San Nicolas. The target exhibits highly anomalous K+ response and is traversed by both WNW and ENE regional faults.
Target 2: Guadalupe 2 (Guad 1, TGT 1)
This target is located 500m NNE of the "western" San Nicolas veins and extends for 600m along strike and 250m across strike. The target is noted for two obliquely intersecting NNE faults within a highly altered zone. The southern portion of the target is cross faulted by a major ENE – WSW altered shear.
Dr. Volkmar Hable President and CEO of Samaranta stated, "The interpretation of our airborne data has exceeded my expectations. The eight areas appear to all be geologically on trend with known and well established mines in the immediate neighborhood. This is a large step in Samaranta's plan to generating viable drill targets."
About Samaranta:
Samaranta's key asset is the Guadalupe property that is strategically located on the northern boundary of the Frontino Gold Mine ("FGM"). FGM has been in production since about 1852 with recorded production totaling about 4.6 million ounces. Both Guadalupe and FGM are underlain primarily by the same granodioritic rocks of the Segovia batholith. The Segovia Gold Belt is a region of granodioritic rocks measuring approximately 300 km in length by up to 75 km in width defined by a strong fault zone system trending approximately north-south. Gold mineralization within this belt is primarily associated with quartz veins and narrow vein swarms that are spatially related to the major north to northeast trending fault structures.
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.
SAMARANTA MINING CORPORATION
Volkmar Hable, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Volkmar Hable
President
604-641-1210
info@samaranta.ca
www.samaranta.ca
Malaspina Consultants Inc.
Barry Girling
604-639-4528
wbg@malaspinaconsultants.com