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Gold/Mining/Energy : Goldstake
GXP 31.990.0%Jun 5 5:00 PM EST

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To: I_C_Deadpeople who wrote ()11/20/1996 9:18:00 PM
From: Roberto Legnini   of 10
 
FIRST DRILL HOLE COMPLETED ON SOREANG CONCESSION (JAVA KPS) 100 M BEYOND TARGET
LENGTH

Symbol: GXP (Toronto)

TORONTO, Nov. 19 /CNW/ - Goldstake Explorations Inc. (GXP-T) announced
today that the Company has completed the first drill hole on its Soreang
concession to a depth of 352 m, 100 m beyond expected target length. Between
zero m and 327 m, the drill passed through zones of intense quartz veining and
brecclation. The hole passed through into underlying wall rock a further 25 m,
for a total length of 352 m.
Assays from the first hole are expected in the next two to three weeks.
The drill is currently being mobilized to the second drill target and
Goldstake expects to collar a second hole next week. Goldstake indicates that
the drilling program, is continuing according to schedule. Funding is
sufficient to complete all drilling in this phase of the exploration program.
Goldstake also indicates that the regional exploration of the Soreang
concession and of the Kalimantan COW is proceeding on schedule.

For further information: Geoff Foulds (416) 966-3939

08:58e 19-NOV-96

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