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Gold/Mining/Energy : MIRANDA--MAD ON VSE
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To: Sean Hurd who wrote (321)3/23/1998 1:01:00 PM
From: Goalie  Read Replies (1) of 462
 
To all - interesting reading:

Stockhouse Insider Report, March 20/98:

MIRANDA INDUSTRIES (MAD.V)

"We began monitoring Miranda as they were drilling their Leticia property in Mexico in late 1997 and, subsequently, as they did not have success in their initial drilling, their stock fell off. However, as they have began to perk up lately, we are following up on them now. Miranda has been up lately due to their work on their Sonora property:

1. 800m by 350m avg 200ppb in 54 samples with a high of 1,110ppb;
1. 450m by 150m avg 100ppb in 23 samples with a high of 228ppb;
3. 350m by 60m avg 290ppb in 6 samples with a high of 1,173ppb;
4. 450m by 50m avg 407ppb in 7 samples with a high of 1,102ppb.

Some of these values are above the cut-off grade of working Nevada mines, and these results are only soil anomalies. Select rock samples within these areas have gold values of up to 30 grams gold per tonne and over 500 grams silver per tonne. The area that contains these anomalies appears to outline a large circular structure measuring 3.0 kilometres by 2.0 kilometres surrounding two smaller internal semi-circular features.

Miranda has recently see it's share price touch a low of 20 cents only to quickly rebound to the $0.40 to $0.50 level. A poor market in general combined with an institutional sell off saw MAD's share price go to near cash value.

The Sonora project looks to be a large project and will likely produce news for Miranda over the coming year."

(www.dsr.simplenet.com/12.htm)

Goalie
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