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Gold/Mining/Energy : Philex Gold Inc. PGI.V

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To: Al Collard who wrote (6)	11/29/2000 12:47:08 PM
From: Al Collard	Read Replies (1) of 35

From Mindoro's news release today. "Excellent drill results released at Anglo American/Philex Gold's Boyungan discovery (Philex releases of September 15 and November 7, 2000) highlight the unusually high grades and economic attractiveness of porphyry copper-gold systems in the Philippines and the potential for new discoveries. It is understood that Anglo is moving two larger drill rigs onto the discovery and will be drilling it aggressively during 2001. Mindoro already has four promising projects near Boyungan (Mindoro releases of September 21 and 28, 2000)."

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