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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	12/29/2005 10:00:19 AM
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ABS keeps pluggin along. Getting decent results for grade in Peru: Absolut acquires 60% in Pico Machay; releases results 2005-12-12 06:28 ET - News Release Mr. Dan Noone reports ABSOLUT VESTS AN INITIAL 60% INTEREST IN PICO MACHAY; PHASE IV DRILL RESULTS Pico Machay is characteristic of a high-sulphidation, epithermal gold system. The geological model has been repeatedly tested and additional drilling continues to delineate and expand the resource base. The company previously announced an independent preliminary mineral resource estimate indicating an inferred in situ resource of 580,000 ounces of gold at Pico Machay gold project (see news issued in Stockwatch dated Sept. 26, 2005). Absolut wishes to report the first 11 holes of the 26-hole program phase IV reverse-circulation drill program. Highlights include holes ABS-170 intersecting 77.5 metres at 1.14 grams per tonne gold, ABS-171 intersecting 21 metres at 1.06 grams per tonne gold and ABS-165 intersecting 28.5 metre at 0.91 gram per tonne gold. Results are tabulated below. new.stockwatch.com

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