SGA Samco Gold Ltd

Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") is pleased
to announce encouraging results of further surface exploration work including a
lag survey and further rock chip sampling at its Corina Project in Santa Cruz
province, Argentina.


HIGHLIGHTS



--  Lag survey carried out at 25m intervals over the core Cerro de la Mina
    area previously the subject of geophysical survey.
      
--  A cluster of gold samples assaying up to 10.2 g/t Au, 170 g/t Ag was
    identified at Cerro de la Mina, coincident with a strong IP anomaly.
      
--  A further gold anomaly of 4.9 g/t Au, 53 g/t Ag was recorded 1.3km south
    of the Cerro de la Mina-Cerro Cubilete target coincident with a further
    NNW trending IP anomaly that appears to continue south towards the
    adjacent Cerro Moro project.
      
--  The Au:Ag ratio is materially higher in the recent samples than that
    previously identified in samples found at Cerro Cubilete, offering the
    potential for a different style of mineralization to that already known.
      
--  Known mineralization at Corina comprises base metal sulfides +/- Ag.
    Samco believes that the correlation between the IP targets and Au-Ag
    grades may imply that Au-Ag veins similar to those which occur in the
    adjoining Cerro Moro property are also present. The association between
    the Au-Ag lag anomalies and a prominent chargeability feature is
    regarded as encouraging.
      
--  Strong clusters of anomalous Pb-Zn values in association with Ba, Mn, Mo
    and As extend south of Cerro de la Mina to the eastern limit of the
    sample grid (over 1.5km in potential strike). The mineralization appears
    to be strongly influenced by a NNW-trending structure expressed as a
    linear I.P. anomaly. 



PROGRAM OVERVIEW

Lag geochemistry

The lag survey comprised 23 east-west lines 100 m apart, sampled every 25m. It
covers essentially the same area as the geophysical survey carried out over the
Cerro de la Mina prospect and its extension to the south, announced on June 17,
2013. Two reference lag samples were also taken over known Ag mineralization at
Cerro Cubilete. They assayed 124 and 100 ppm Ag, thus supporting the
effectiveness of the method.


Lag geochemistry aims to detect metal anomalies by separating heavier or coarser
surface material such as pisolites or quartz fragments from finer-grained exotic
components such as volcanic ash from recent eruptions, wind-blown material etc.
It is considered a particularly effective method in Patagonia where both recent
ash and wind-blown dust are commonly present. In the present survey, the
material sampled was sieved to provide a fraction in the plus 3 mm to minus 19
mm size range. Samples were assayed by Alex Stewart Argentina S.A. for Au and Ag
by fire assay with an AAS finish, with lower detection limits of 0.01 and 2 ppm
respectively. Ag was also analyzed by ICP (Inductively coupled plasma), with
lower and upper detection limits of 0.5 and 200 ppm. Ag values reported here are
the ICP determinations up to 200 ppm, and the fire assays for samples above 200
ppm. 38 other elements including As, Ba, Cu, Pb and Zn were also determined by
the ICP method.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/sga904fig1.pdf 


Gold-silver anomalies: A cluster of three lag samples at Cerro de la Mina
immediately west of a shallow ephemeral lake returned Au values above 1 ppm
(Figure 1):




--  10.2 ppm Au, 170 ppm Ag 
--  7.1 ppm Au, 154 ppm Ag 
--  4.7 ppm Au, 43 ppm Ag 



These three anomalous samples are 800m NW of existing drill-holes at Cerro
Cubilete, and occur in an area of chargeability anomalies recorded in the I.P.
survey.


Two other lag samples returned anomalous Au values above 1 ppm:



--  6.7 ppm Au, 94 ppm Ag 
--  4.9 ppm Au, 53 ppm Ag 



These two samples are 700m west and 1.3 km south of the three anomalous samples
west of the lake.


Anomalous gold values have been recorded in rock chip samples and drill-core at
Cerro Cubilete, but this is the first time that gold values above 1 ppm have
been recorded at Cerro de la Mina. Known mineralization at Corina comprises base
metal sulfides +/- Ag, but Au-Ag veins similar to those which occur in the
adjoining Cerro Moro property may also be present. The association between the
Au-Ag lag anomalies and a prominent chargeability feature is regarded as
encouraging.


Pb and Zn anomalies: Figures 2 and 3 illustrate the distribution of Pb and Zn
values on the lag geochemistry grid. Pb values above 250 ppm are strongly
clustered in the Cerro de la Mina area west of the lake, in the area of the
north-trending I.P. features and Au-Ag anomalies mentioned above. A similar
pattern is shown by Zn values above 80 ppm, and the distribution of higher
values in both these elements appears to be strongly influenced by a NW-trending
I.P. feature.


To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/sga904fig2.pdf 


To view Figure 3, please visit the following link:
http://media3.marketwire.com/docs/sga904fig3.pdf 


Silver anomalies: Figure 4 shows the distribution of Ag independent of Au on the
lag grid. Values between 2 and 52 ppm are widely distributed across the grid;
values above 52 ppm are restricted to the samples which also contain anomalous
Au shown in Figure 1, and to the area of known Ag mineralization at Cerro
Cubilete.


To view Figure 4, please visit the following link:
http://media3.marketwire.com/docs/sga904fig4.pdf 


Other elements: As, Ba, Cu, Mo and Mn show similar distributions to Pb and Zn,
with high Ba also in the southern and SW part of the sample grid.


Rock chip sampling

Recent rock chip sampling has returned four gold values of 0.2-0.25 g/t at Cerro
de la Mina. The corresponding Ag values are all below 6 ppm, whereas similar or
higher gold values in rock chips at Cerro Cubilete are associated with much
higher Ag values. The anomalous samples at Cerro de la Mina seem to show a broad
association with both a NW ground magnetic trend and with NW to north-south I.P.
anomalies (Figure 5). The contrasting Ag:Au ratios at Cerro Cubilete and Cerro
de la Mina suggest different metal associations in the two areas.


To view Figure 5, please visit the following link:
http://media3.marketwire.com/docs/sga904fig5.pdf 


An assay of 299 ppm Ag was previously reported (June 17, 2013) from a 20cm,
WNW-striking barite vein 250m WNW of the Cerro Cubilete drill-holes. After
cleaning off surface material, the vein was re-sampled over 1.5m, and averaged
185 ppm Ag over that width.


Conclusions and next steps

Recent lag sampling at Cerro de la Mina and its extensions has shown that:



--  Au-Ag veins as well as the known base metal-silver mineralization may be
    present at Cerro de la Mina. 
--  Anomalous Pb-Zn values in association with Ba, Mn, Mo and As extend
    south of Cerro de la Mina to the eastern limit of the sample grid. The
    mineralization appears to be strongly influenced by a NNW-trending
    structure expressed as a linear I.P. anomaly. 



Further geochemical and other surface work will continue on the core Cerro de la
Mina-Cerro Cubilete area and their southern and western extensions. The property
offers substantial further exploration upside along the NW trending lineament on
which these more advanced targets sit.


Commenting on the recent results Charles Koppel, Executive Chairman and CEO of
Samco Gold said:


"We are pleased with the latest results from Corina which continue to support
and exceed our expectations. Although still in the early stages of exploration,
with now two potential types of mineralization on the property and strong target
extension to the south and west, Corina is looking increasingly like it could
become one of the more exciting projects in the region." 


The exploration program is directed by Samco Gold's Exploration Manager, Lic.
Marcelo Ortiz advised by Mr. David Shatwell who is a Fellow of the Australian
Institute of Geoscientists and a Fellow of the Society of Economic Geologists.
Sr. Ortiz has extensive experience of exploration geology throughout Argentina
including significant experience within the Deseado Massif. Mr. Shatwell is a
Qualified Person within the meaning of Canadian National Instrument 43-101 and
has reviewed and approved the above technical disclosure. 


Sample locations are in Gauss-Kruger coordinates, using the Campo Inchauspe
datum, and were acquired by hand-held GPS with an accuracy of approximately 5m.


About Samco Gold Limited 

Samco Gold's principal business is the acquisition, exploration and development
of precious metals resource properties in South America. The Company's principal
mineral property is the El Dorado Monserrat epithermal gold project, located in
the Deseado Massif region of Santa Cruz Province, Argentina. The Company's goal
is to become a producer of gold through the exploration and development of El
Dorado Monserrat. Samco Gold also owns a portfolio of other mineral exploration
properties in the Deseado Massif including the Corina, Yasmin 1, Judite 1 and
Ginette and Giancarla projects. 


Additional details on the Company are available on SEDAR (www.sedar.com). 

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements which can be identified
by the use of words "commenced", "scheduled", "expect", "goal", and phrases or
statements that certain actions, events or results "may", "would", or "will" be
taken, occur or be achieved. Information concerning the interpretation of drill
and other exploration results may also be considered forward-looking statements
as such information constitutes a prediction of what mineralization might be
found to be present if and when a project is actually developed.


Forward-looking statements involve known and unknown risks, future events,
conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others,
the results of due diligence activities, the interpretation and actual results
of current exploration activities; changes in project parameters as plans
continue to be refined; future prices of gold; possible variations in grade or
recovery rates; failure of equipment or processes to operate as anticipated;
labour disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of exploration, as well
as those factors disclosed in Samco Gold's Prospectus dated June 27, 2011 filed
and publicly available under the Company's profile on the SEDAR website at
www.sedar.com. Although Samco Gold has attempted to identify important factors
that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company does not intend, and
does not assume any obligations, to update forward-looking statements, whether
as a result of new information, future events or otherwise, unless otherwise
required by applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange), accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Samco Gold Limited
Charles Koppel
Executive Chairman and CEO
ck@samcogold.com
www.samcogold.com

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