Duran Ventures and MacMillan Gold Report On Ancash Target
Monday July 14, 11:03 am ET

TORONTO, ON - George A. Brown, CEO of Duran Ventures Inc. and of MacMillan Gold Corp. reported the results of Hole 7B and Hole 8 located to test the Aguila Cu - Mo 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 MacMillan Gold, are Qualified Persons as defined in National Policy 43-101, and are responsible for all technical information.
Hole 7A and Hole 7B were drilled towards the northeast from the same drill pad site as that used for Hole 1. They were designed to test the favourable intrusive-sedimentary host rock contact at depth. Hole 7A was drilled to a length of 83.0 metres and was terminated when it unexpectedly intersected underground workings. Hole 7B was a second attempt to test the intrusive-sedimentary contact, which also intersected underground workings at 90 metres. The previously reported length of 92.5 metres included the distance across the workings. Samples from Hole 7B were assayed and reported 0.594% Cu and 0.045% Mo for a 1.041% Copper Equivalence over the entire 90 metre length of the hole.
Hole 8 was drilled towards the southwest for a length of 522.3 metres and is the first hole on a parallel section line 50 metres to the north of the section line which include Holes 1 through 6. Hole 8 was designed to expand on the known dioritite porphyry indicated in other drill holes and to further test the mineralized intrusive-sedimentary west contact zone at depth. Samples from Hole 8 were assayed and reported 0.626% Cu and 0.049% Mo for a 1.119% Copper Equivalence over the entire 522.3 metre length of the hole, which includes 0.853% Cu and 0.046% Mo for a 1.316% Copper Equivalence over the first 342.4 metres of the hole which were in the diorite porphyry target.
The core was logged, photographed and split in half using a diamond saw. One half of the core was systematically sampled in three metre intervals and sent 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 Cu and Mo 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.
The company's application to extend and expand its B Permit was submitted and approved. The B Permit is valid until October 14, 2008 and allows the company to immediately source a second drill which will commence diamond drilling at the Pasacancha Ag-Au-Lb-Zn Target as soon as contracted and mobilized. The C Permit application has been reviewed and observations received from the granting authorities.
For more information contact: (416) 867-1101, fax: (416) 867-1222.