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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: John D. White who started this subject	7/14/2004 3:08:47 PM
From: Wade	Read Replies (1) of 48092

Nice jump. Ho ho ho..... biz.yahoo.com Freeport-McMoRan Copper & Gold Inc. Updates Exploration Activities at Deep MLZ and Grasberg Open Pit Operations Wednesday July 14, 11:52 am ET NEW ORLEANS, La.--(BUSINESS WIRE)--July 14, 2004--Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX - News) today reported additional successful drilling results at its "Deep MLZ" underground exploration target. As previously reported, PT Freeport Indonesia's (PT-FI's) 2004 exploration program is targeting skarn and porphyry mineralization below its Mill Level Zone (MLZ) ore body, where 2003 drilling activities were successful in defining an approximate 160 million tonne block cave reserve, grading 0.87% copper and 0.76 grams per metric ton gold (aggregate proven and probable reserves of 2.5 billion pounds of copper and 2.9 million ounces of gold, including our joint venture partner's share). The MLZ ore body is located at the 2900 meter elevation, 250 meters below our existing Deep Ore Zone (DOZ) mine.

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