LAST BUT NOT LEAST — Argentina Gold to split stock

A planned 3-for-1 share split is expected to boost liquidity in Argentina Gold (VSE).

On approval by the Vancouver Stock Exchange, the issue’s outstanding shares will increase to 18.4 million from 6.1 million. Shares were recently trading at $9.50 and the company’s market capitalization stands at about $58 million. Argentina Gold is in the early stages of exploring its La Poposa property in Argentina’s San Juan province.

The 1994 work program, completed on April 30, included 11.8 km of trenches between the 4,290- and 4,790-metre elevations in the most accessible areas of the main alteration zone. Gold mineralization within the lower half of the zone is widespread.

Highlights from the trenching include: 22 metres grading 6.7 grams gold per tonne; 34 metres grading 1 gram; 8 metres grading 2.8 grams; and veinlets in one trench grading 8 and 24 grams.

At least 10,000 metres of drilling is planned in the next field season, starting in September. Further trenching and sampling are also planned on the upper regions of the alteration zone, which extends an additional 600 metres vertically.