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Gold/Mining/Energy : Searchgold

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To: Mr Metals who wrote ()11/12/1998 11:05:00 PM
From: Mr Metals  Read Replies (4) of 14
 
Searchgold Update

Increasing the resources on Backoudou

The company already has 100 000 ounces of proven reserves and will be announcing a resource of between 650 000 to 900 000 ounces of gold. This gold deposit is on a zone that is approx 300 m X 400m which has been diamond drilled to a depth of 150 meters. 3000 meters of diamond drilling was completed during the 1998 campaign. For latest press release regarding our latest drill results, contact our web site at Searchgold@sympatico (RSG.MSE)

This company has only been in existence for 1 year. The main property is in Gabon, Africa. This country is enjoying a high degree of political stability. Great infrastruture, including railway, highway and international airport within close proximity (40 KM) of site.

So far all drill results compiled indicate that the deposit is still opened in depth to the south, north and west. This deposit is highly concentrated. More drilling will be required so as to identify the size of the full gold deposit.

By contacting Henri Perron (514) 935 1005, the latest series of press releases may be obtained.

Additional drill results pending analysis in progress.

The company has 5.8 mil shares with a float of 2.5 million shares.
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