TORONTO, CANADA, Oct 04, 2007 -- George A. Brown, President & CEO of MacMillan Gold Corp. (TSX VENTURE: MMG), and David A. Bending, P.Geo., Vice President and a Qualified Person, are pleased to report the results from Hole 4 of the 2007 Phase 1 diamond drilling program at the Aguila Cu-Mo Project, Ancash, Peru. Duran Ventures Inc. (TSX VENTURE: DRV) is earning a 50% interest in the 1,100 hectare Aguila Project from MacMillan Gold Corp.
Three holes in the Aguila Cu-Mo Target and two holes in the Aguila East Cu-Mo Target have been completed to date. Holes 1 to 3 were drilled to the southwest within the mineralized Aguila porphyry body as part of a systematic northeast-southwest section across both the Aguila and untested Aguila East Cu-Mo Targets. Deepening of these holes is planned as part of the Phase 2 drilling program pending an evaluation of all the assays. The results of Holes 1 and 2 are summarized in MacMillan's September 10, 2007 News Release and the results of Hole 3 are in MacMillan's September 12, 2007 News Release.
Drill Holes 4 and 5 were drilled to northeast to evaluate the potential for economic mineralization within the untested Aguila East target. The Company is pleased to report that Hole 4 encountered mineralization throughout the entire length of the hole which terminated in mineralized porphyry short of target depth due to drilling equipment limitations. The entire length of Hole 4 averaged 0.343% Cu and 0.020% Mo over 371 metres which converts to 0.54% Total Copper Equivalence(i).
The mineralization which has now been identified from Holes 1 through 4 to span a potential horizontal width below surface in excess of 500 metres and to depths in excess of 400 metres.
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The Company is extremely pleased with these results as they provide evidence that the Aguila target has the potential to become economically significant. The Pasacancha Ag/Au and base metal target discovered last year is located two km to the east of Aguila on the Company's adjoining property. A Phase 2 drilling program has been initiated to drill test the Pasacancha target and also to continue to expand the Aguila and Aguila East. A diamond drill has been sourced and a contract has been signed with Iguana Drilling SAC of Lima, Peru with drilling planned to commence later this month as soon as a new B permit is received from the granting authorities.
The exploration work as reported has been planned and is being supervised by Mr. Bending, P.Geo.. All samples are delivered to the Lima laboratory of Inspectorate Services Peru SAC (a certified lab) for preparation and multi-element ICP analysis followed by AQR/AA assaying for Cu and Mo. The company has a QA/QC protocol in place including the use of duplicate sampling by outside labs, certified standards and blanks and secure care and custody of samples.
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Contacts:
MacMillan Gold Corp.
David C. Hammond
Chief Financial Officer
(416) 867-1101
(416) 867-1222 (FAX)
Email: macmillangold@ca.inter.net
Website: www.macmillangold.com
