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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.41

+0.2%

Nov 12 4:00 PM EST

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To: Robert Dydo who wrote (713)	3/6/1998 7:19:00 PM
From: John Menzies	Read Replies (1) of 1248

Comments on Kosmurun drillhole results Some comments I put up on Stockhouse: A 25m intercept of massive sulphides assayed 3.2 g/t gold, 53.6g/t silver, 5.0% copper, 2.4% zinc and 0.5% lead. They are pretty impressive results and as the text commented we are close to a true width. For those of you who do not know what that is - if you drill a steep hold through a steeply dipping ore zone you can generate some spectacular intersections. These do not necessarily mean that the deposit is very large indeed. I have seen 20 metre intercepts on a zone of mieralisation only a couple of metres wide. We drilled close to right angles to the mineralisation. Tremendous width and good grades. If we developed this as an open pit mine the bench which coincided with a point in the middle of this interval would have a 100 metre wide zone of massive sulphide on the floor of the open pit - that is not bad. The results compare well with previous drillholes in teh same area - holes drilled by SPE and by the soviets. Should have some core in the Vancouver office shortly - so if anyone is intersted give us a call on ! 604 689 7837. Slso come by and have a look at the contoured resuls for teh Akbastau North anomaly - they are very interesting. Regards John Menzies President Steppe Gold.

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