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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Quickdraw who wrote (8192)	12/16/1997 4:51:00 PM
From: Lamont	Read Replies (1) of 14627

Leticia drill results Pacific Rim Mining Corp PFG Shares issued 18,271,370 Dec 15 close $1.48 Tue 16 Dec 97 News Release Also Miranda Industries Inc (MAD) Ms Samantha Cramer reports Results have been received from the remaining nine of 21 reverse circulation drill holes (3217m) on the Leticia project, Guerrero, Mexico. Pacific Rim can earn a 51% interest in Leticia by producing a positive bankable feasibility study for the joint venture with Miranda Industries. Drill holes LT 97-16 and 18 were drilled in the vicinity of LT97-1, 2 and 9, where most of the old workings are located. These old operations focused on high grade stringers which occur in a series of faults trending northwest, northeast and east-west. The 1.5m averaging 31.54 g/t gold in drill hole LT97-16 and 3.1m averaging 29.79 g/t gold in LT97-1 indicate that Leticia has the potential to produce high grade ounces in an underground mine. The drilling has not precluded the possibility of a larger tonnage, near surface deposit as these high grade intercepts are hosted within broader mineralized zones of 19.8m of 3.32 g/t gold and 30.5m of 1.45 g/t gold, respectively. Mineralization encountered in drill hole LT97-14 occurs at the contact between the limestone and the intrusive in a thin skarn body. The remainder of the drill holes intercepted no significant mineralization. The drill results will be compiled and further analyzed before planning the next work program. This process is under way, and should be completed early in 1998. Hole Interval Intercept Au m m g/t LT97-12 NSI LT97-13 NSI LT97-14 36.6- 41.1 4.5 2.83 LT97-15 NSI LT97-16 114.3-134.1 19.8 3.32 includes 114.3-115.8 1.5 31.54 LT97-17 NSI LT97-18 73.1-103.6 30.5 1.45 111.2-131.1 19.9 0.61 LT97-19 NSI LT97-20 NSI LT97-21 NSI LT97-22 NSI LT97-23 NSI NSI = No significant intercepts

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