January 23, 1998 News Release
January 23, 1998 First Phase Exploration Symbol: MAD.V
Program To Begin in Sonora, Mexico Form 20F: 0-27760
The Company is pleased to announce that it will commence the first phase exploration program next week on the recently acquired project in Sonora, Mexico.
The 20 square kilometre mining exploration concession is a newly recognized environment for very high grade gold and silver, plus minor copper-lead-zinc. Preliminary soil samples taken during evaluation resulted in 50+ ppb gold in soil anomalies extending for 500m along strike of the mineralized zone. Within these are soil anomalies of over 100 ppb gold. Numerous grab and channel samples indicate values up to nearly 30 grams gold per tonne and over 500 grams silver per tonne in altered intrusive and quartz veins within the intrusive. At least three broad target areas are recognized which contain soil geochemical anomalies, alteration, and quartz vein swarms along parallel north-west trending structures over distances of nearly one kilometre.
This first phase exploration program will grid, soil and rock sample, trench and ground magnetometer survey a minimum five square kilometre area. Samples will be analysed for gold plus 31 element ICP to indicate at least silver, copper, lead, zinc, and arsenic. The program is expected to take one month to complete.
This project is not subject to any underlying royalties or payments.
ON BEHALF OF THE BOARD
"Dennis L. Higgs"
Dennis L. Higgs, B.Comm.
President
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