From: list@canada-stockwatch.com
Date: Wed, 20 May 1998 17:31:18 -0700
Subject: Miranda Industries
Miranda Industries Inc
Miranda Snags Major Gold-Silver Prospect
Miranda Industries Inc MAD
Shares issued 8,213,100
May 15 close $0.44
Kaiser Bottom-Fishing Report
Tuesday, April 28, 1998
Miranda Industries Inc. (MAD-V: $0.45) collapsed in the last quarter of 1997 when the European institutions that had bankrolled the junior in 1996 decided to unload their positions. While Dennis Higgs was scrambling to find new homes for the institutional paper, a pair of scouts the junior had grubstaked to poke around Mexico stumbled upon a prospect that may turn Miranda into a big winner. On January 12 Miranda announced that it had filed claim applications for 3,870 ha in the state of Sonora. If title is
granted, Miranda will own 100% with no underlying royalties. When Miranda's Steve Ristorcelli checked out the Las Catalinas property, this sombre individual whose day job as chief minebuster for Mine Development Associates has converted many a promoter's joy into sorrow, could not resist a bout of irrational exuberance. Ristorcelli could not believe that the altered and mineralized 3 km by 2 km Las Catalinas intrusive complex bore no evidence of exploration beyond a few local workings abandoned a
decade ago. Mapping and sampling has revealed four distinct gold soil anomalies on the property associated with parallel northwest trending structures. According to Ristorcelli, Las Catalinas has world class potential. The project has already attracted interest from the majors, but at this early stage it would be hard for Miranda to swing a lucrative farmout deal. The junior has about $900,000 working capital, and figures that the property needs at least $1 million exploration to dress it up.
Dennis Higgs is now pounding the pavement in an effort to secure financing that will allow it to keep 100% of Las Catalinas and bring it to a discovery hole stage without emptying the treasury. Miranda is a strong bottom-fish buy.
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More information about Miranda can be found at:
senategroup.com.
Please fill out the registration form to be included on an express e-mail distribution list for future news releases.
Contact: Sean Hurd
Phone: 604-689-1659
E-mail: mad@senategroup.com
Web: senategroup.com
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John Kaiser's Bottom-Fishing Report can be found at:
canspecresearch.com.
For a free tour of the site, simply click on "Guest", followed by "Newsletters & Professional Analysts", and then the "Kaiser Bottom Fishing Publications". A sample issue can be requested at the site or by calling 925-631-9748.
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