ATTENTION BRE-X SHAREHOLDERS..................IF THE STRATHCONA FINDINGS ARE NOT DISCLOSED THIS EVENING THEN WE WILL LIKELY SEE TRADING TOMORROW BASED ON AN ORE PRESENCE EVEN LOWER THAN POSTED BELOW. IF THE ACTUAL RESULTS ARE BETTER THAN WHAT IS BEING LEAKED OUT IN THE ECONOMICA NERACA AND KOMPAS ON-LINE, THEN BRE-X MUST RELEASE THEM PRE-MATURELY THIS EVENING. FAILURE TO DO SO COULD VERY WELL END IN A SPECULATIVE DISASTER TOMORROW AND MORE INVESTOR HARDSHIP. IF MR. WALSH IS TRULY CONCERNED ABOUT THE PEOPLE WHO BUILT BRE-X FROM THE GROUND UP, HE WILL OBLIGE OUR LAWFUL RIGHT TO THIS CRITICAl INFORMATION IMMEDIATELY. NOT SUNDAY, NOT MONDAY, BUT NOW!!
IN AN AGE WHERE IT IS PHYSICALLY POSSIBLE TO HAVE THIS FULL DOCUMENT UP ON-LINE WITHIN MINUTES OF RECEIPT, I AM OUTRAGED THAT THEY ARE SEQUESTERING THEIR SHAREHOLDERS. I RECOMMEND A CONCERTED E-MAIL EFFORT (WWW.BRE-X.COM) TO FORCE DISCLOSURE THIS P.M.
Calgary, Alberta, Canada, June 20, 1996 (ie. MID 1996 as REFERENCED IN CIRCULATING NEWS FROM INDONESIA)
BRE-X MINERALS LTD. affiliate of BRESEA RESOURCES LTD.
ANNOUNCES A 14 MILLION OUNCE INCREASE IN THE BUSANG
GOLD PROJECT SOUTHEAST ZONE I RESOURCE
CALCULATION
Bre-X Minerals Ltd. (T:BXM), a 23% owned affiliate of Bresea
Resources Ltd. (ME:BSR) announced today an updated resource calculation
has been completed by KILBORN SNC LAVALIN on sections SEZ-44 to
SEZ-64 within Southeast Zone I.
The resource tabulated below was calculated as of June 15, using a
cutoff grade of 0.75 g/t and does not include any partially drilled or
drilled sections between SEZ-29 and SEZ-44, or from lines south of
SEZ-64. The figures below represent recoverable grades as cyanide
extraction was used in the analysis.
Category
Zone
Tonnes
Average Grade
Grams/Tonne
Million
Ounces
Measured and
Indicated
Central
SEZ 44-64
SEZ 4-29
27,900,000
93,874,500
18 028,000
2.64
2.17
3.34
2.38
6.57
1.94
Total
139,802,500
2.42
10.89
Inferred
Central
SEZ 44-64
SEZ 4-29
2,700,000
304,375,000
67,253,000
2.88
2.12
3.33
0.25
20.79
7.22
Total
374,328,000
2.34
28.26
TOTAL
514,130,500
2.36
39.15
The classification of resources was based on the "Principles of a Resource/Reserve
Classification for Minerals" by the U.S. Bureau of Mines and the U.S. Geological Survey
(Geological Survey Circular 831) |
