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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: Jamie Punt who wrote (45)	11/22/1996 2:03:00 PM
From: Ross Mickey	of 539

Walter drilling to begin Samex Mining Corp SXG Shares issued 17,434,481 Nov 21 close $1.95 Fri 22 Nov 96 News Release Mr Jeffrey Dahl reports A drill rig has arrived at the Walter gold/polymetallic project in Bolivia and a 2,000 metre core drilling program will begin shortly. Veins and porphyry intrusions on the property host gold, silver, zinc, lead, copper, arsenic, and bismuth. Veins in the Walter South zone have an average grade of 12.3 g/t gold equivalent based on the combined metal value of the gold, silver and base metals. The dacite porphyry intrusion averages 1.1 g/t gold, 28 g/t silver and 5.6% zinc. Sampling at surface and underground suggests that grades in the intrusion could increase with depth. Eighteen Bolivian-style polymetallic veins have been discovered within the vein swarm at the Walter South zone. Ongoing underground exploration at Walter South is currently expanding vein reserves in drifts and crosscuts at depths up to 100 metres below surface. The drill program is designed to test the continuity of the veins and intrusion to 350 metres depth. If successful, underground drifting will begin at deeper levels to further expand reserves. Other Bolivian-style polymetallic vein systems in this region are known for their persistent mineable mineralization to depths of 900 metres, and lateral distances of up to 2 kilometres along strike. Veins at Walter South can be traced for 2 kilometres to the Walter Central area where more than a dozen veins with similar metallic content and grade are exposed along with a dacite porphyry intrusion. This extensive vein strike-length is indicative of the significant tonnage potential of the Walter property.

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