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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Giraffe who wrote (21522)	10/9/2003 10:09:03 PM
From: Giraffe	Read Replies (1) of 39344

Anyone following Holmer (HGM.V)? Holmer Reports Excellent Gold Grades and Widths at Timmins Project Wednesday October 8, 9:48 am ET TORONTO, ONTARIO--Holmer Gold Mines Limited (HGM-TSXV) today announced assay results for the first four drill holes of the current gold resource expansion program at the Timmins Gold Project. The program is designed to expand the existing indicated resource (see News Release dated July 10, 2003) by drilling new mineralized blocks at 25-metre drill centres. The first phase of the drill campaign is focused on the Footwall (FW) and Ultramafic (UM) zones which exhibit the highest grade times tonnage values as well as adding high grade blocks from the No. 2 and No. 3 Vein zones, collectively referred to as the Hanging Wall (HW) zone. Assays have been received for the first four holes targeting the HW and UM zones and are summarized below. Of particular significance is drill hole TG03-04, showing 20.36 metres averaging 47.2 grams per tonne (1.51 ounces gold per ton over 66.75 feet), including 0.85 metres of 1,000 gpt and 2.93 metres of 298 gpt. (continued here ... biz.yahoo.com

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