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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Wade who wrote (78)	3/25/1997 1:05:00 PM
From: Jidamo	of 1178

Wade and All I didn't see a PGD release to-day but here is the one from Sundust. Attention Business/Financial Editors: SUNDUST RESOURCES INC. - DRILLING IN PERU: 15.62 G/T GOLD ON 7.35 METRES ROUYN-NORANDA, Qu‚bec, March 24 /CNW/ - Sundust Resources Inc. is pleased to announce the assay results of four new diamond drill holes from its Victoria project in Peru. The following table summarizes the drilling results including revised hole 1 and new holes 3 to 6. ------------------------------------------------------------------------ Diamond Drill Intersection Width Gold Assay Silver Assay Hole no. (metres) (metres/ft.) (grams/oz/ton) (grams/oz/ton) ------------------------------------------------------------------------ DDH1 (revised) 34.65-50.0 15.35/50.36 3.25/.10 10,25/.30 includes 45.25-50.0 4.75/15.60 5.11/.15 5.26/.154 DDH2 (previous)103.55-109.63 6.08/20.0 6.36/.19 13.89/.41 DDH3 (new) 64,62-70.85 6.23/20.5 6.92/.210 17.92/.53 DDH4 (new) 65.60-69.20 3.60/11.8 1.93/.056 3.67/.11 DDH5 (new) 58.39-63.04 4.65/15.25 1.71/.05 9.22/.27 DDH6 (new) 99.40-106.75 7.35/24.12 15.62/.47 49.34/1.45 ------------------------------------------------------------------------ Drilling is now scheduled to continue with 100 metre ```step-outs'' to the southwest under an IP anomaly which is on strike from the Atenea structure. The attached longitudinal map shows the area of the drilling and trenching carried out on the Atenea structure to date. The Pucamina structure and Vein 4 will also be tested in this phase of drilling. Sundust owns 50%, jointly with Pangea Goldfields Inc., of 15 projects in Peru. Sundust is also working on three of its Northern Canada projects: Lac Turgeon, Urban Lacroix and Dasserat property, 20 km from Rouyn-Noranda. How do you like hole DDH6 15.62 g/t Gold plus silver?? Comments please!! John

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