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: Donald McRobb who wrote (24)	10/31/1996 1:00:00 PM
From: Ross Mickey	of 539

Here is what Investors Guru had to say this week ++++++++++++++++++++++++++++++++++++++++++++++++++++== V.SXG Samex Mining $2.00 Samex has shown very encouraging results for large bulk tonnage production, from both their Santa Isabel and Walter properties in Bolivia, which are currently being drilled. Walter is SXG's main focus currently, which hosts gold-bearing "Bolivian style" polymetallic veins and intrusions in the Walter South, Walter Central and Walter North target areas. Exploration on the Walter South Zone has resulted in the discovery of nine gold-bearing polymetallic veins and related intrusions. Gold and silver values up to 145.0 gpt gold and 704 gpt silver are present with grades in the veins averaging from 3.0 to 10.0 gpt gold and 9.0 to 206 gpt silver as well as 6% zinc and significant recoverable values for other metals. The dacite porphyry intrusion averages 5.6 % zinc with 1.10 gpt gold, 28.02 gpt silver as well as other recoverable metals. Cross-cuts and drifts along less than 200 meters of the Walter South Zone and to depths averaging less than 100 meters have already defined proven/probable ore reserves of 323,000 tonnes with an after cost/tax value of $7.3 million (US). "Bolivian style" polymetallic veins in this geologic belt are renowned for their tonnage potential since they typically extend for several kilometers and are mineralized to depths reaching more than 750 meters. Should the mineralized veins and intrusions evaluated to date extend to a depth of even 300 meters, the resource situated in the Walter South Zone could increase to over 7,000,000 tonnes. There is potential for an even greater expansion of reserves since the broad zone of mineralized veins at Walter South can be traced for over 2 kilometers north to the Walter Central Zone. Samex just released an update on the Walter Project with excellent gold, silver and other base metal values. The complete news release is now available and will soon be posted at SXG's web site at samex.com 1-800-828-1488 Here are the highlights: - potential of up to 6 million tonnes at 0.36 oz/ton gold equivalent at Walter South - 330 metres of new drifting brings total to 1.44km of underground workings - discovery of eight new vein structures - metallurgical tests achieve required results - 2000 meter core drilling program begins mid November - major mining group reviewing project ++++++++++++++++++++++++++++++++++++++++++++++++ I like Samex and eventually, I think the market will recognize them. Best of Luck, Ross

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