Subject:
Stockwatch: Samex Mining Corp - News Release
Date:
Tue, 27 May 1997 10:12:42 -0700
Bolivian exploration begins; directors, officers elected
Samex Mining Corp SXG
Shares issued 18,659,481 May 26 close $0.95
Tue 27 May 97 News Release
Mr Jeffrey Dahl reports
A program involving further sampling, geological mapping and IP geophysical
surveys has begun at the Agua de Castilla epithermal precious metal
prospect in Bolivia. An additional 20km of IP lines are under way to
further define the open-ended IP chargeability anomaly discovered during
the previous survey. The exploration team is conducting detailed sampling
on sinter, veins, breccia and hydrothermally altered sedimentary rock
within the prospect area. The sinter depositions, altered sediments and
chargeability anomaly are along a range-front fault at the intersection of
a major regional fault zone. The Ubina (Au-Bi), Tasna (Bi-Cu-Au) and
Chorolque (Sn-Ag-Zn) mineralized centers are along this same regional fault
zone.
Drill sites for the drill program, originally expected to begin in May,
will be selected upon the compilation and interpretation of all data from
this current program.
On May 21 1997, the following directors and officers were elected: Mr
Patricio G. Kyllmann, chairman, president & director; Mr Jeffrey P. Dahl,
vice chairman & director; Mr Robert E. Kell, vice president-exploration &
director; Mr Larry D. McLean, vice president-operations & director; Mr
Allen D. Leschert, director; Mr Peter J. Dahl, director; and Ms Brenda L.
McLean, corporate secretary.
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