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Gold/Mining/Energy : MIRAMAR MINING (MNG)

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To: Frank Pembleton who wrote (362)	9/28/2001 8:53:09 AM
From: Frank Pembleton	Read Replies (1) of 457

Hope Bay Joint Venture: Hope Bay Gold & Miramar Mining Announce Results of Phase 3 Work Program Results Suggest Depth Potential At Naartok And A Possible New Zone At South Patch VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 28, 2001-- Hope Bay Gold Corporation (TSE:HGC - news) and Miramar Mining Corporation (TSE:MAE - news; OTCBB:MAENF - news) today announced the results of Phase 3 drilling at the Hope Bay project in Nunavut. These results indicate potential for depth extensions to the Naartok mineralization and the possible presence of a new mineralized zone at South Patch. ``I am encouraged by the results of our Phase 3 drilling,'' said David Fennell, Hope Bay Gold's Chairman and CEO. ``We now believe that the Naartok Zone can be extended to depth and we may have begun to outline what may be a potential new high grade trend at South Patch.'' Updated resource estimates are underway to incorporate all the results of the 2001 drilling, as is a preliminary assessment or scoping study. Results of this study will determine the nature of activities for the 2002 season. biz.yahoo.com

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