Some Luicho news:
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: PACIFIC RIM MINING CORP.
SEC FILE: 029704
TSE SYMBOL: PFG
OCTOBER 14, 1999
Pacific Rim Mining Corp. Announces Luicho Mineralization
Extended
VANCOUVER, BRITISH COLUMBIA--Pacific Rim Mining Corp. is pleased
to announce the results of additional surface samples collected by
the Company from its Luicho project in southern Peru. These
results extend the surface mineralization a further 250 meters to
the south.
An old exploration tunnel located 250 meters south of the
previously sampled Main Target Area (see news release #99-17 dated
September 16, 1999) was sampled along the walls in two meter
increments. The tunnel is oriented across the main structural
trend. This sampling returned an average of 10.03 g/t gold and
147.5 g/t silver over 34 meters (true width of 27 meters). With
this result, the surface mineralized corridor is expanded from its
previously outlined length of 1.2 kilometers to 1.45 kilometers,
averaging 250 meters in width. This corridor remains open to the
south where the host sandstone unit is down-faulted and covered by
0 to 25 meters of shale and other fine clastic rocks.
In addition, continuous rock chip sampling in the southwestern
part of the Main Target Area returned 17.25 g/t gold and 26.8 g/t
silver over a width of 32 meters. These samples were taken from
the surface in two meter increments.
Pacific Rim is continuing to expand and fill in the surface
sampling pattern over the large area of surface mineralization
exposed at the Luicho project, and will release these results
periodically over the coming months as they become available.
Contractors are currently being screened for the construction of a
road into the Luicho property, which should be completed before
the end of March, 2000.
Exploration at Luicho is being conducted under the direction of
Tom Shrake, CEO, and senior geologists David Ernst and Peter
Dilles. Pacific Rim is using Bondar-Clegg, an ISO9002-registered
analytical laboratory in Vancouver, BC to assay samples from
Luicho.
On behalf of the board of directors,
Thomas C. Shrake, CEO
This news release contains forward-looking statements regarding
upcoming programs. Actual results may differ materially from those
currently anticipated in such statements.
-30- |
