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Gold/Mining/Energy : Elkhorn Gold Corp. (EGC-T)
TMO 618.86+2.0%Jan 9 9:30 AM EST

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To: Walt who wrote (66)1/12/1998 1:37:00 PM
From: Karl Zetmeir  Read Replies (1) of 89
 
*** NEWS RELEASE ***

Silvana test mining completed

Treminco Resources Ltd TMO
Shares issued 10,508,197 Jan 8 close $0.26
Mon 12 Jan 98 News Release
Mr David Hottman reports
The company has successfully completed a test mining and milling program at
its Silvana property in the glocan Valley Mining District in southeastern
BC. During the fourth quarter of 1997, underground access to the Hinckley
and Silvana lodes was re-established, mining commenced on the Hinckley lode
and the Silvana mill was re-commissioned. The company extracted and
processed approximately 2,100 tons grading 8.31 ounce per ton silver, 5.29%
zinc and 5.15% lead from the eastern extension of the Hinckley lode. Metal
recoveries averaged approximately 94.5% for silver 89.6% for zinc and 94.5%
for lead. Concentrates from the test program have been shipped to Cominco's
smelter at Trail, BC.
The company is currently carrying out a detailed review of results from the
test program. Certain outstanding issues including favourable long term
power and smelter contracts remain to be finalized prior to committing to
further mining at the Silvana mine.
Final economic results from the test program will be released upon receipt
of concentrate revenues from Cominco.
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