Twin Mining (formerly Twin-Gold) Message Board

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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)

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To: don jackson who started this subject	5/27/2003 1:00:13 PM
From: Hunterbob	of 613

Twin Mining's Torngat, Atlanta projects advance in Q1 Twin Mining Corp TWG Shares issued 73,404,344 May 26 close $0.255 Tue 27 May 2003 News Release Mr. Hermann Derbuch reports TWIN MINING REPORTS FIRST QUARTER RESULTS TWIN MINING REPORTS ENCOURAGING TORNGAT DIAMOND RESULTS AND METALLURGICAL DRILLING RESULTS FROM 100% OWNED ATLANTA Preparations for the 2003 exploration program on Jackson Inlet are progressing well so that the Twin Mining diamond team expects to begin its activities early in the second quarter. Torngat diamond results from 15 grab samples were very encouraging. Higher stone densities were discovered on two dike segments measuring 900 metres and 400 metres in length. The largest stone extracted by caustic fusion measured 2.90 x 2.50 x 1.80 millimetres. Lakefield Research describes the diamonds as "very white, mostly transparent and of high preservation." To advance the Torngat project, management is currently pursuing several options, including joint venture participation while Twin Mining's diamond exploration focus is on the large-tonnage-potential Jackson Inlet project. The Atlanta project has made significant progress during the quarter, with Twin Mining attaining a 100-per-cent operating interest in the project. Assay results from metallurgical core drilling were very encouraging. Core hole D02-1E11 in the western half of the Monarch orebody intersected 86 feet of 0.231 of an ounce per ton (7.91 grams per tonne) of gold including 36 feet of 0.481 ounce/ton (16.5 g/t) and 10 feet of 1.030 ounces/ton (35.3 g/t) of gold. Cyanide leach testing with 14 columns has meanwhile started at the laboratories of Kappes Cassiday and Associates in Reno, Nev. Early results after 44 days of leaching at the end of April, 2003, already show very positive trends. The leaching will be carried out for a minimum of 120 days. The progressively increasing gold price, which has reached $382 (U.S.) during the quarter, makes the Atlanta project economically very attractive, considering an estimated site cash cost of $166 (U.S.) an ounce. Twin Mining's financial position by the end of the quarter is solid with more than $1-million in cash and short-term deposits. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com Click here for company snapshot: new.stockwatch.com Click here for recent SEDAR documents: new.stockwatch.com

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