TORONTO, ONTARIO - (April 2, 2008) - George A. Brown, CEO of both Duran Ventures Inc. (TSX VENTURE: DRV) and MacMillan Gold Corp. (TSX VENTURE: MMG), is pleased to provide the following drill results from the Aguila Cu-Mo Target in Ancash, Peru. David Bending, P.Geo., VP of Duran is a Qualified Persons as defined in National Policy 43-101 and is responsible for all technical information contained in this joint news release.
The results being reported are from Hole 4A, representing an extension of previously published Hole 4 in the Aguila East Target Area. Hole 4 (October 4, 2007 News release) was not completed to original target depth due to drill equipment limitations. Hole 4A consists of 378.6 metres of NQ core wedged from a depth of 249.6 metres in Hole 4 and terminated at a combined total length of 628.2 metres The first 139.0 metres traversed mineralized porphyry with weighted mean copper values of 0.47% and Mo values of 0.01 % (96 ppm). This represents a copper equivalent of 0.567% across a true width of 139.0 metres, and indicates a significant expansion of the Aguila Targets. This was followed by progressively weaker sections of mineralized quartzite and siltstone as reported in the table herein. Hole 4A intercepted an average of 0.254% Cu and 0.006% Mo across its total length of 378.6 metres.
Hole 6 is currently underway and is planned for over 700 metres of total length from the collar location of Hole 5 but in a westerly direction from the east portion of the Aguila Target, across the entire Aguila main, and ending in the Aguila West Contact Zone parallel to and below previously reported Holes 1, 2, and 3.
The core was logged, photographed and systematically sampled by halving by diamond sawing. The core was sampled, in three meter intervals and sent to the Lima Laboratory of Inspectorate Services SAC (a certified Lab) for analysis. The results confirm and expand on the previously reported intercepts in the east flank of the Aguila Porphyry body and show a decline in the concentration of Cu and Mo in potassic altered sedimentary rocks at the bottom of the hole.
 |
(i)Note: Total Cu Equivalence % is the sum of the Cu % plus 10 times the Mo % based on an assumed 10:1 economic ratio of Mo to Cu selling prices (i.e. US$1.50 Cu to US$15. Mo or US$2.50 Cu to US$25. Mo or US$3.50 Cu to US$35. Mo). Metallurgical recoveries and net smelter returns are assumed to be 100%. These equivalence grades should not be interpreted as actual grades since the conversion ratio varies with the volatile prices of Cu and Mo and the economic recovery of Cu and Mo can vary significantly in actual extraction and processing.
All samples are delivered to the Lima laboratory of Inspectorate Services Peru SAC (a certified laboratory) for preparation and multi-element ICP analysis followed by AQR/AA assaying for base Metals and 30 gram FA/AA assaying for Au and Ag. 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.
Investors are invited to visit the MacMillan Gold IR Hub at www.agoracom.com/IR/MacMillan where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at MMG@agoracom.com
Duran Ventures Inc. and MacMillan Gold Corp. are Canadian resource companies listed on the TSX Venture Exchanges: Symbols "DRV" & "MMG".
The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.
CONTACT INFORMATION:
MacMillan Gold Corp. and Duran Ventures Inc.
George A. Brown
CEO
(416) 867-1101
Fax: (416) 867-1222
Email: duranventures@ca.inter.net
Email: macmillangold@ca.inter.net