Petaquilla Exploration Drilling Update
Discovery of New Epithermal Gold Vein Systems at the Oro Del Norte Concession
Vancouver, BC – August 9, 2010: Petaquilla Minerals Ltd (“Petaquilla” or the “Company”) today announced
positive drill and trench results from the Tucan Project on its Oro Del Norte exploration concession located in
central Panama. The Tucan Project is approximately 20 kilometres northeast of the Company’s Molejon Mine
site, within trucking distance of the mill if a commercially viable deposit is discovered. Petaquilla has also
identified five other prospective gold and copper bearing targets in other areas of its concession.
As previously announced March 4, 2010, the Company has been aggressively exploring the concession and has
defined an area known as the Tucan Project containing significant surface rock chip samples with dimensions of
approximately 2.0 kilometres x 1.5 kilometres. The Tucan Project contains numerous drill ready targets.
Diamond Drilling Program
During the second calendar quarter of 2010, the Company commenced Phase 1 of its planned 5,000 metre
diamond drilling program on the first of the identified drill targets. The below results are the first to be released
from this drilling program on the Oro Del Norte concession where three drill rigs are currently turning.
To date, 17 diamond drill holes for a total of 2,741 metres have been completed on the initial four target areas
within the Tucan Project testing the mineralized structures identified by surface mapping and trenching.
Results for the first 15 drill holes have been received.
Drill result highlights include :
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