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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Neil Irwin who wrote (11)5/15/1997 5:33:00 PM
From: Jason Ellis   of 3282
 
Argentina Gold Corp
ARP
Shares issued 33113389
1997-05-07 close $1.25
Thursday May 8 1997
News Release
Mr J. Patricio Jones reports
Gold anomalous sections have been identified at the Veladero Filo Federico
target. Trench 65 intersected an area of 30m containing 1.24 g/t gold in 5m chip
samples. The section corresponds with the border of a CSAMT geophysical
anomaly and a conceptual drill hole will test the vertical extent of this anomaly.
Trench 68 identified a colluvium gold anomaly comprising 250m of 0.368 g/t gold
including 50m of 1.140 g/t gold. This section is at the flank of a major CSAMT
anomaly on the eastern side of the Filo Federico target. The trench results open
large target expectations for Filo Federico as the CSAMT geophysical anomalies
are being reinforced with geochemical anomalies.
The Veladero drilling program is continuing with approximately 2,150m completed
to date. Further results will be reported as soon as available. Drilling will continue
as weather permits.
Barrick Gold Corp continues drilling at Del Carmen with approximately 1,000m
completed to date. Results will be reported as soon as available.
WMC Ltd has recently begun a 2,000-3,000 metre drilling program at the
Regalito and Guanaco Zonzo targets within the Rio Frio claim block. The two
targets are on the western boundary of the Rio Frio property near the border of
Veladero.

I can't understand with a solid company like Barrick gold involved, why is this stock moving so slowly?
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