Idaho consolidated, IDO listed on V.S.E. Message Board

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Gold/Mining/Energy : Idaho consolidated, IDO listed on V.S.E.

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To: tanoose who wrote (77)	9/29/1999 3:55:00 PM
From: tanoose	Read Replies (1) of 112

Newsrelease; Idaho receives assays from Blakely Creek project Idaho Consolidated Metals Corp IDO Shares issued 9,434,650 Sep 28 close $0.40 Wed 29 Sept 99 News Release Mr. Del Steiner reports The company is receiving economic platinum and palladium grades from a reconnaissance program on its Blakely Creek property. The property is one of four on the Stillwater complex undergoing exploration at this time by ICMC. The Blakely Creek project is on the west side of the complex near Chrome Mountain and adjoins Stillwater Mining Company's patented claims in the area of the Frog Pond adit. The JM reef in the area of the Frog Pond adit is currently being developed by Stillwater as the East Boulder project. The East Boulder expansion is projected to increase Stillwater Mining Company's annual production of platinum and palladium by 500,000 ounces to a total of 1.2 million ounces. The following assays are on samples collected from the Blakely Creek project on the projected strike of the Olivine bearing units (Troctolite), which host the JM reef. The higher grade samples were pegmatoidal equigranular rocks consisting of primarily olivine and pyroxene minerals with up to 2-per-cent sulphides. The samples came from outcrop and subcrop in the Blakely Creek drainage and are similar in appearance to the JM reef in the Frog Pond adit area. The palladium to platinum ratio of three of the samples is close to 4 to 1, which is consistent to the ratio of the JM reef. Sample Au Pt Pd Rh Description oz/t oz/t oz/t oz/t less than AG090299-2 0.002 0.022 0.034 0.001 AG090299-3 0.006 0.054 0.214 0.001 AG090299-4 0.007 0.072 0.27 0.002 AG090399-5 0.022 0.186 0.772 0.004 Average 0.084 0.323 0.002 Combined Combined Pt+ Pt+ Sample Pd+Rh Pd+Rh Pd/Pt Description oz/t g/Mt Ratio AG090299-2 0.056 1.63 1.545 AG090299-3 0.269 7.85 3.963 AG090299-4 0.344 10.03 3.750 AG090399-5 0.962 28.06 4.151 Average 0.408 11.89 The samples are prepared at the Chemex facility in Butte, Mont., and then assayed by Chemex at its facility in Vancouver, B.C., using standard fire assay procedures. Because of the talus and overburden, it was difficult to obtain a stratigraphic thickness of the zone, but based on float and geologic projection the unit in the area sampled may have a strike length of at least 3,000 feet. ICMC will continue to evaluate the zone and plan for a drilling program once permitting is completed. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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