NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: DELGRATIA MINING CORPORATION
NASDAQ SYMBOL: DELGF
APRIL 11, 1997
Delgratia Confirms Accuracy of Assay Results Released
April 10th
VANCOUVER, BRITISH COLUMBIA--Dr. Charles A. Ager, Chairman and
President of Delgratia, confirms the Company's view that the assay
results on Holes 5 and 4 of the Nevada Project reported in the
Company's second news release on April 10th were performed in a
thoroughly professional and competent manner and are accurate.
Delgratia wishes to report the statement of the independent
engineers, Brian Mountford and Dr. Morris Beattie, following their
review of the Bloomberg release of April 11th as follows:
"We have read the Bloomberg article dated April 11th, 1997
regarding the Josh Project under development by Delgratia. We
would like to note that the article contains a number of severe
distortions and misquotes of the conversations which took place.
With respect to the Delgratia news release of April 10th, 1997, we
stand by our statement relative to the work being conducted on the
project. The sample handling procedures which we observed at each
step between drilling and analysis meet or exceed industry
standards. We requested that samples be sent to independent
laboratories and also selected samples at the assay lab which we
had analyzed by a laboratory of our choice. Both these analyses
confirmed the presence of gold in the samples. We have not to
date analyzed samples which we obtained independently from the
site. As part of our ongoing audit, we have been given full
authority by Delgratia to conduct the necessary independent
sampling and analysis to verify the concentration of gold in the
rocks underlying the Josh project. This work will be conducted in
a forensic manner over the next few weeks.
It should be noted that at this stage the project has no proven
reserves and should only be considered as a very interesting
exploration project."
Delgratia confirms that it had no knowledge of Mr. Robert H.
Gunnison's legal history in 1978 until asked last evening for a
comment by the Bloomberg reporter. That history does not change
Delgratia's view of the professional procedures and methods used
by Energy International lab in Phoenix to date. Delgratia's own
review, based on the observations by its independent consulting
engineers and by Delgratia's own Chief Assayer of that work and
internal checks performed on Delgratia's behalf, including the
assaying of test samples taken directly from the project site to
the Jacobs Lab in Tucson, Arizona, supports the assay findings
released on the Nevada Project to date.
As indicated in yesterday's news release, Delgratia has already
retained and authorized the independent engineers, Mr. Brian
Mountford and Dr. Morris Beattie, to conduct a thorough review of
the Company's drilling procedures, sample collecting and assaying
procedures and results to make recommendations based on such
review. The results of this independent audit are expected to be
available in a few weeks.
Delgratia believes that it has conducted all operations to date in
a thoroughly professional manner consistent with the highest
industry standards and that it has made all necessary disclosures
in accordance with applicable laws.
"Delgratia is greatly encouraged by the results to date and looks
forward to the continuation of the exploration effort as
hithertofor envisioned" says Dr. Ager |
