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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG
SMXMF 0.00010000.0%Sep 10 5:00 PM EST

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To: d:oug who wrote (441)3/13/2001 5:45:51 PM
From: d:oug  Read Replies (1) of 539
 
3/13/01 Joint SAMEX Mining & International Chalice Res.

Eskapa Prospect Exploration Update...

stockhouse.com

StockHouse International: 
Samex/International Chalice Eskapa
Prospect Exploration Update,3/13/01
SAMEX MINING CORP ("SXG-V;SMXMF-L")
INTERNATIONAL CHALICE RESOURCES INC ("IRI-V;IRIRF-L")

Bolivia

... exploration work on the Eskapa Project to date includes
geological mapping and sampling of the breccia zones,
IP geophysical surveys totaling 20 line kms.
over the breccia zones and the copper target area
and diamond drilling three holes totaling 684 meters.

... nine linear breccia bodies were discovered occurring
as east-west trending zones emplaced at oblique angles to
the NE trending San Augustin fault.

Initial results from IP geophysics identified
high resistivity/chargeable targets at depth within
the breccia bodies believed to possibly be mineralized
silicified-sulphitic zones.

Drill hole EK-01-1B tested one of these IP anomalies
at depth but encountered an offsetting fault
which displaced all but 15 meters of weakly to moderately
hydrothermally altered breccia, with only minor silicification.

Assay results show that no significant precious metal
mineralization was encountered. Further prospecting
has revealed zones of strong silicification and brecciation
on surface within other parts of the breccia bodies.

Analytical results received to date show samples of.....

Copper Target Zone - Two drill holes have been completed...

... was encountered along with interesting amounts of...

Decisions on the next phase of work will be made upon
the compilation and evaluation of pending exploration data.

TOLL FREE: 800-828-1488

Jeffrey P. Dahl, Vice Chairman

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