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Gold/Mining/Energy : Churchill Resources Ltd.
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To: Karl Siemens who wrote (17)7/9/1997 1:05:00 PM
From: Augie Goldspechkt   of 23
 
Very good results & market is responding - up 45% in two days:

hole AL-97-1, bored in the
La Alta area of the 17.5 sq. km. Angostura Property, has yielded excellent
gold results. The following values are the results of fire assays performed
at Rossbacher Laboratories Ltd. of Burnaby, BC: AL-97-1: Total Depth -
601.5 m. 69-99 m - 19.26 gpt, including 91-99 m - 54.08 gpt; 131-141 m -
2.48 gpt; 223-256 m - 1.12 gpt, including 224-236 m - 1.9 gpt; 446-461 m -
6.26 gpt, including 447-452 m - 17.23 gpt; 516-532 m - 1.6 gpt, including
520-529 m - 2.6 gpt; 572-574 m - 5.15 gpt. The collar of AL-97-1 is located
140 m NW of previously announced AL-96-3. The hole was drilled sub-parallel
to the slope of the mountain so all intercepts represent open pit material.
It is the first hole to be drilled with the new Diamec 282 drill rig. The
geology of the hole consists mostly of silicified porphyry, often cherty
and brecciated, cut by basic dykes and systems of faults. Gold bearing
sections are characterized by the presence of stockworks and disseminations
of pyrite occurring in brecciated chert adjacent to faults. The high-grade
zone cut between 69 and 99 m may be the extension of the La Bodega Trend.
The La Bodega high-grade mine is located outside the Greystar/Churchill
property approximately 1.2 km WSW of La Alta. Core drilling at the
Angostura Project continues.
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