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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: Curtis Dennis who wrote (44)	11/19/1996 5:16:00 PM
From: Jamie Punt	of 539

Santa Isabel drilling is expected to continue into the New Year. Our target is to identify a copper/gold/moly rich portion of the porphyry system. The current drilling is situated South East of hole number one approx. 1 kilometer away, close to the Mercedes Mine. The Mercedes Mine has elavated amounts of copper and gold in underground workings, compared to other areas of property. Walter South drilling is expected to be underway now. This program is targeted to identify the vein systems we see on surface and again in under ground workings approxamately 100 metres below the surface. The drilling will go to a depth of 350 metres. It is typical for these vein systems to depths of 900+ metres.

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