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Gold/Mining/Energy : Tenke Mining Corp (TNK)

TNK 58.93

-0.3%

Jan 9 9:30 AM EST

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To: Gunnar who started this subject	3/19/2001 3:29:08 PM
From: Frankly Speaking	Read Replies (2) of 486

Anyone care to make a comment to help out those of us who can not comprehend these? More Encouraging Results From Filo Del Sol 3/19/01 TENKE MINING CORP. ("TNK-T") - More Encouraging Results From Filo Del Sol Tenke Mining Corp. (the "Company") is pleased to announce further encouraging drill results from the Filo del Sol target area. These results expand the significant copper/silver/gold mineralization discovered at this target southwards. Hole VRC-20 was drilled 500 metres south of the mineralized body discovered at Filo del Sol and returned a 58 metre intercept averaging 0.85% copper, 18 g/t silver and 0.41 g/t gold, including a 38 metre intercept of 1.12% copper, 9 g/t silver and 0.45 g/t gold - within this intercept there is a supergene enriched zone of chalcocite/chalcanthite which averages 1.89% copper over 18 metres. The hole was angled across a zone of complex sheeted structures (striking northeastward) south of the mapped Filo del Sol diatreme and ended in mineralized porphyry. Drill hole VRC-20 clearly shows that the enargite copper mineralization discovered at Filo del Sol is also open to the south and that it can be high grade when supergene enriched. The dimensions of the mineralized body delineated to date are 1,600 metres long by 200-600 metres wide, and a known depth of at least 150 metres (mineralization is open at depth). Please see attached map. Tenke Mining Corp. Vicuna Project - Hole VRC-20 Hole Total Interval From To Copper Silver Gold Azimuth Target Depth (m) (m) (m) (%) (g/t) (g/t) Angle (m) 20 204 58 12 70 0.85 18 0.41 290 Filo incl. 38 16 54 1.12 9 0.45 -65 del Sol incl. 18 16 34 1.89 8 0.51 and 28 148 176 0.43 3 0.69 The Filo del Sol target is located near the centre of the Vicuna project and is one of 4 key targets tested in the drilling program. A total of 3,986 metres of drilling in 24 holes has now been completed. The most significant results have been encountered in the Filo del Sol target. In the Flamenco target to the south, Hole VRC-15 had excellent-looking geology and returned a good 14 metre section averaging 22 g/t silver and 0.20 g/t gold from the collar and Hole VRC-24 at the Gemelos target to the north encountered a 22 metre interval grading 26 g/t silver. Holes in other areas throughout the Vicuna project were also interesting geologically and these areas may warrant a further look in future exploration programs. The Company is very pleased that its very first drilling program on the Vicuna project resulted in a significant new mineral discovery and would like to thank its team in the Santiago and Buenos Aires offices for their excellent work. The Company looks forward to further successes. The objective now will be to work with partner Rio Tinto to plan follow up drilling and further exploration efforts. Rio Tinto has an option to earn a 51% interest in the project through funding work expenditures totaling US$10 million over 4 years. ON BEHALF OF THE BOARD Adolf H. Lundin, President TEL: (604) 689-7842 Sophia Shane, Corporate Development Tenke Mining Corp. Website: www.tenke.com ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041

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