MacMillan Gold and Duran Ventures Report 363.2 Metres Averaging ...

Tag : quartzite
TORONTO, ONTARIO -- 10/03/08 -- George A. Brown, CEO of DuranVentures Inc. (TSX VENTURE: DRV) and of MacMillan Gold Corp. (TSXVENTURE: MMG), is pleased to provide the following update onexploration activities at the Aguila Cu-Mo Target and thePasacancha Ag-Au-Pb-Zn Target in Ancash, Peru. Cary Pothorin,P.Geo., President of Minera Aguila de Oro SAC and David Bending,P.Geo., are both Vice Presidents of Duran Ventures and of MacMillanGold, are Qualified Persons as defined in National Policy 43-101,and are responsible for all technical information contained in thisjoint news release.
Samples from Hole 9 were assayed and reported 0.439% Cu and 0.029%Mo, for a 0.728% copper equivalent over a 363.2 metre intersection.The average grade over the entire 480.4 metre hole is 0.373% Cu and0.029% Mo, for a Copper Equivalence of 0.659% .
Samples from Hole 10 are lower grade as expected due to the factthat the majority of the hole was in weakly mineralized hostrocktowards the east and away from the Aguila. Samples reported anaverage grade of 0.147% Cu and 0.011% Mo, for a Copper Equivalentof 0.252% over the 567.1 metre assayed interval. Holes designed totest the grades of the wallrock mineralization are important assome of this material will need to be included within any proposedopen pit design.
Aguila Hole 9 was drilled for 485.4 metres towards the westrepresenting 420 metres depth from the collar and 467 metres depthprojected to surface from the bottom of the hole. Aguila Hole 10was drilled for 574.0 metres towards the east from the same drillplatform on a section line which is 50 metres to the south of theinitial section line which included Holes 1 through 7. Hole 10 is497 metres depth from collar and 673 metres depth projected tosurface from the bottom of the hole. The distance between thebottom of Hole 9 and the bottom of Hole 10 is 506 metres. The widthbetween the west contact in Hole 9 and the east contact in Hole 10has been estimated from core visuals as being approximately 251metres (see attached section sketch).
Aguila Hole 11 was drilled to a final depth of 605.3 metres towardsthe west on the same section line from a platform 68 metres to theeast of the platform used for Hole 9 and Hole 10. Hole 12 is nowunderway, and was at a depth of 535.6 metres as of early Thursday,October 2(nd). This hole is located 100 metres to the southwest ofhole 11, on the same section line.
The next 6 drill holes in the Aguila area have been designed toprovide sufficient drill coverage of the main Aguila porphyry bodyto develop a preliminary resource estimate. The attached map haslocations marked as PLT-17 to PLT-21. Evaluation and interpretationis ongoing and the details of these locations may vary.
Pasacancha Hole 1 began drilling on August 11, 2008 and was drilledto a final depth of 620.8 metres as of September 13, 2008.Pasacancha Hole 2 is currently underway and is at a depth of 53.0metres as of the morning of October 2nd, 2008.
The Peruvian Ministry of Energy and Mines has been activelyreviewing the C Permit application. We expect to receiveconfirmation of the permit by late October. To avoid any workinterruptions which could be caused by any delay in the Ministries'review of the C permit, we are requesting a 3 month extension tothe current B permit, which is currently valid until mid-October.
The core was logged, photographed and split in half using a diamondsaw. One half of the core was systematically sampled in three metreintervals and sent to the Lima laboratory of Inspectorate ServicesPeru SAC (a certified laboratory) for preparation and multi-elementICP analysis followed by AQR/AA assaying for Cu and Mo and 30 gramFA/AA assaying for Au and Ag. The company has a QA/QC protocol inplace including the use of duplicate sampling by outside labs,certified standards and blanks and secure care and custody ofsamples.
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 reviewexisting questions and answers. Investors may also email questionsor request to be added to the investor email list at MMG@agoracom.com .
Duran Ventures Inc. are pleased to announce that a website has beencompleted and can be viewed at duranventuresinc.com.
Duran Ventures Inc. and MacMillan Gold Corp .are Canadian resourcecompanies listed on the TSX Venture Exchanges: Symbols "DRV" &"MMG".
To view the Section 9900N map, please visit the following link: http://media3.marketwire.com/docs/duranmap11003.pdf
To view the Drill Hole Location map, please visit the followinglink: http://media3.marketwire.com/docs/duranmap21003.pdf


The TSX Venture Exchange has not reviewed and accepts noresponsibility for the adequacy or accuracy of this news release.
Contacts:
Duran Ventures Inc. & MacMillan Gold Corp.
George A. Brown
CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email: duranventures@ca.inter.net
Email: macmillangold@ca.inter.net