Clarification of soil sampling program
Starpoint Goldfields Inc STS
Shares issued 6,444,175 Aug 28 close $0.28
Fri 29 Aug 97 News Release
Mr Harry Bristman reports
Further to news in Stockwatch August 26 1997, the following is submitted
for clarification.
The release stated a soil sampling program had been carried out on a
portion of one or more of the three gold concessions and "gold grades of
less than 1 g/t were indicated". This should have read "gold grades of less
than 1 g/t were realized", indicating higher values at depth.
Over 360,000 ounces of gold were mined by a Belgian mining company from
these concessions prior to 1960 when gold was economic at $35.00 per ounce
and ceased when the former Belgian Congo was granted independence. Reports
of high grade gold ore on these properties are common in the country and
artisanal miners continue to work the area. From the mining records related
to this production, the data available, and information obtained from local
and government geologists, Starpoint believes these concessions have the
potential to become major gold properties.
Starpoint is, and will continue to be, a company driven to acquire and put
into production, precious metal and diamond properties. Starpoint's focus
has not changed and the occurrence of other economic minerals will add to
the stated goals.
Starpoint anticipates releasing an overview of all its properties next week
along with any property activities that may have been received.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
