Good afternoon :-)
Thought ya might like to see MIQ's drill results; courtesy of AGORA:
Good afternoon, MIQ Shareholder. Please find enclosed the company's latest
press release regarding drill results on the Railroad Project.
Due to the fact tables were used to display drill results, which present
formatting problems through e-mail, we have provided the following link to
view the actual drill results:
stockhouse.com
In the meantime, we have enclosed the text of the MIQ press release.
Though drill results were not disappointing, it is clear MIQ management is
disappointed in the Kinross drilling effort for 1999 (refer to comments
below). As you all know from the company's last press release, Kinross
attempted to renegotiate terms of the joint venture agreement given the
investment climate surrounding gold markets - and Mirandor was willing to
make reasonable adjustments to the original schedule in order to accomodate
its partner.
However, once Mirandor indicated it would not accept what it viewed as
unreasonable terms, Kinross immediately ceased drilling operations that
were already limited in scope and size throughout the 1999 campaign.
In the meantime, investors are in receipt of the company's last statement,
as well as, management Q&A pertaining to the current state of the company.
Given the company's healthy financial position and strong fundamentals at
Railroad, the company is confident a new partner will be found in the near
future.
Regards,
AGORA Internet Relations Corp.
agoracom.com
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EXPLORATION MIRANDOR INC.
PRESS RELEASE December 2, 1999
Exploration Mirandor Inc. (MIQ-ME), announces that it has received the
final report concerning the 1999 exploration program on the Railroad project
in the Carlin Trend of Nevada.
Only 22 reverse circulation drill holes and one core hole were completed by
Kinross in 1999. As well, only 910 soil and rock samples were collected for
geochem exploration work as compared to 3,449 in 1998.
According to Kinross, the project was reduced in scope due to unfavorable
gold economics. Results from the program are as follows:
stockhouse.com
The drilling results demonstrate the continuity of gold mineralization and
alteration at the Elliot High Ranch area, and low grade mineralization in
the BMF area (Bald Mountain Fault). However at BMF, the indicated depth to
possible mineralization is greater then 1,000 feet, generally deeper than
drilling to date.
At the LT area, only one core hole was carried out to a depth of 925 feet.
A second hole was abandoned at a depth of 88 feet and not re-attempted. More
holes were planned here, but the program was discontinued due to the
unfavorable gold price.
The 1999 program was disappointing in that less then half of the planned
field season was completed. Kinross had indicated to Mirandor that it wished
to substantially reduce its exploration commitment to the Railroad project,
citing "unfavorable gold economics". Mirandor was willing to make certain
adjustments but not to the extent requested. Exploration Mirandor is now
reviewing the results and planning a new exploration program.
The Railroad project, consisting of some 55 square miles, is centered on
the southern end of the Carlin Trend, and lies at the intersection of the
NW-SE Carlin Trend and the N-S Piñon anticline structure. It is located
within a Carlin erosional "window" exposing at surface favorable lower plate
sedimentary rocks.
For more information, please contact:
Mr. Gilles Laverdière, president
Montreal office Tel: (450) 651-6701
Fax: (450) 651-8049
Val-d'Or office Tel: (819) 825-9065
Fax: (819) 825-1199
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DISCLOSURE STATEMENT
AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from
Mirandor Explorations Inc. for the purposes of communicating with Internet
shareholders - both current and prospective - to increase awareness of and
interest in Mirandor Explorations Inc. AGORA INTERNET RELATIONS CORP
activities are aimed purely at keeping their clients' shareholders and
prospective shareholders informed about their company. These activities
consist of providing investors with previously disclosed factual
information concerning the company, comments from company principals,
copies of material that has been filed with regulatory authorities,
comments prepared by registered brokers or investment dealers and material
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AGORA INTERNET RELATIONS CORP does not participate in the maintenance of
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orderly market in their client's securities, nor is required, or receives
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