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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 (444)5/2/2001 4:30:12 AM
From: d:oug  Read Replies (1) of 539
 
5/1/01 - Report To The Shareholders

stockhouse.com

... excerpts from the Company's recently filed annual report

Gold, silver, copper and zinc remained the focus
... on its mineral prospects in Bolivia and reconnaissance
exploration in Chile and Argentina.

EL DESIERTO Property -
... SAMEX/Chalice decided the results on this portion
of the property were not sufficient to warrant a drill program
at the time. No immediate exploration is planned...

SORA SORA Property -
... conducted to search for the concealed source,
but the feeder zone was not located. SAMEX and Chalice
decided that no further exploration was warranted...

ESKAPA Property -
... were not sufficient to warrant further exploration
of the copper target at this time.
... no significant precious metal mineralization was encountered.
... concerning further exploration is pending...

WARA WARA Property -
... seeking financing for the exploration drilling...

WALTER Property -
The evaluation... did not resulted in a purchase or production
proposal for the property.

YARETANI Property -
... awaiting higher metal prices and funding for further exploration.

SANTA ISABEL Property -
Negotiations are continuing...

AGUA DE CASTILLA Property -
... dropped the property subsequent to the year end.

For more details on SAMEX's activities during 2000,
see the Company's 2000 Annual Report
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