Samex Mining | OTC:BB - SMXMF | Canada - V.SXG Message Board

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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG

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Sep 10 5:00 PM EST

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To: jimmy willett who wrote (16)	10/9/1996 1:20:00 AM
From: Ross Mickey	of 539

The latest from Investors Guru: V.SXG SAMEX MINING $2.66 KEEP AN EYE-OUT FOR SAMEX SAMEX is drilling for a copper-gold-moly core on their Santa Isabel property. They believe the deposit is similar to the Anaconda Mine at Butte, Montana and the Bingham Canyon mine close to Salt Lake City, Utah. Both these deposits "had" billions of tons of copper, zinc and lead and millions of oz.'s of gold and silver and many more minerals that were economic. Hole 1 encountered 1105 ft interval of zinc-lead-silver with a gross metal value of $24.50 per ton. This value is similar to numerous Chilean copper porphyry systems. The theory goes that SAMEX has identified the zinc/silver "halo" at the Santa Isabel porphyry project. The question is really two-fold, when are they going to identify the copper-gold-moly portion of the porphyry core and how big will the porphyry system be at Santa Isabel? SAMEX will also be drilling their Walter property where they have a "geological permissible" reserve of 1.8 million tons with a net value of $54 million (US). The drilling, to commence shortly, is targeted to increase the geological permissible reserve substantially. Numerous high grade vein structures now exists with up to 10 gpt (.32 oz/ton) gold and up to 206 gpt (6.62 oz/ton) silver. Visit their Web site at samex.com They have posted, recently, new information. Short term advancement of stocks can result from promotion; however, sustained moves come from "positive results". SAMEX will be very active in the third and fourth quarter on at least three highly prospective exploration properties. Drilling is on going at Santa Isabel. We suggest calling investor relations at SAMEX 1-800-828-1488

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