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Gold/Mining/Energy : Morgain Minerals MGM "jv with BHP in Mexico"
MGM 37.16-1.4%Dec 29 3:59 PM EST
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To: Gabriela Neri who wrote (415)2/25/1998 1:49:00 PM
From: Simon D. Yates  Read Replies (1) of 472
 
Assay results from Tecolote silver zinc property

P.S. I believe that the silver results should be in g/tonne, not (%).

Morgain Minerals Inc MGM
Shares issued 20,800,636 Feb 24 close $1.05
Wed 25 Feb 98 News Release
Mr Joseph De Felice reports
The company has received assay results from its new discovery zones on its
Tecolote silver-zinc property 110km north-west of Hermosillo, Sonora,
Mexico. Discovery of these zones were previously reported in a news release
in Stockwatch dated February 12 1998. The zones are 8 to 10 metres wide,
intermittently exposed along a strike length of 500 metres.
Bulk chip samples taken in 2 metre widths within these 2 new zones known as
Tizoc and Purga assayed as follows:

Ag Pb Cu Zn
(%) (%) (%) (%)

T12-700 46.6 3.25 0.12 5.49

T12-701 136.0 5.39 0.68 8.10

T12-702 240.0 6.26 0.03 6.05

T12-703 112.0 5.12 1.28 2.08

T12-704 58.4 3.71 3.30 3.73

T12-705 78.1 5.83 0.06 1.42

T12-706 79.4 2.13 0.51 4.28

T12-707 141.0 3.77 0.43 0.36

T12-708 11.8 0.30 0.18 0.22

T12-709 9.9 0.25 0.32 0.29

T12-710 14.9 3.98 2.06 3.69

T12-711 4.9 0.42 0.01 0.94

T12-712 76.0 1.52 0.03 0.71
A bulldozer is presently engaged in trenching across the zones in order to
expose them for further sampling.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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