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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST

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To: Sergio R. Mejia who wrote (16519)2/23/1999 9:17:00 AM
From: Jim Bishop  Read Replies (1) of 34075
 
Thanks, here's how Alta Vista translates that article, plus I see MINE has responded with news.

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Economy
23 February 1999

Gold reserves in Cangallí must more be studied

Cangallí, to the north of La Paz, is an important gold reserve that must more be studied, later to be exploded on great scale, said
yesterday the vice-president of the mining consultant multinational Behere Dolbear, Henry Sandri.
The executive of Behere Dolbear, that visits Bolivia, from the weekend to afternoon of today Monday visited Cangallí, as soon
as two of their technicians studied the zone by two weeks by the end of January last to order of Golden Eagle International.
" we cannot quantify how many reserves exist, which we can show is that the scientific studies that we made
included/understood to identify auriferous zones and we observed important deposits ", Sandri said to SNB.
It explained that the study of its technicians lasted two weeks, in the zone, that included/understood seven areas of which four
were identified - within Cangallí - like potentials for auriferous operation.
" we did not recommend an immediate operation, which if we recommended is to extend the studies and later to make the
corresponding production with the investment that it requires, if the wealth of these deposits is confirmed that are amazing ",
commented Vice-president de Behere Dolbear.
It emphasized that yungas of La Paz, Tipuani and Cangallí is of auriferous millenarian tradition, but that was not operated with the necessary
technology, reason why reserves were accumulated that now must be proven in planning to their production.
" It is invisible or little visible gold ", said Sandri to the time to talk about to the quality of the metal that exists in abundance in the zone, that cannot
be extracted as a solid sample directly.
It commented that the traditional search of gold in trays " chuas " in the river was a form of auriferous extraction that now must be renewed so that
the operations have more yield, on the basis of mining industrialization.
Of his part, the president of Golden Eagle, Terry Turner, affirmed that the company which represents " requests calm and does not sell actions ", not
to create false expectations.
Nevertheless, he said that " he is pleasing to know that Behere Dolbear accepted to study the zone ", because it is one of the world-wide checkers of
reputation and credibility.
The consultant of Golden Eagle, Guido Paravicini, said previously that Cangallí has reserves that surpass the 5 million ounces troy in " invisible gold
that can recover " (to consolidate) by means of a metallurgical process. (SNB)
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