Peruvian Gold Ltd. PVO Message Board

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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Robert who wrote (60)	11/28/1996 9:32:00 PM
From: Barry Smith	of 892

Here's the next set of results doctor ..... El Encanto drill results Peruvian Gold Limited PVO Shares issued 10,827,041 Nov 28 close $1.55 Thu 28 Nov 96 News Release Mr David Henstridge reports The company has received further assay results from its El Encanto project in Ecuador, South America. On trench No. 4A, holes 10 through 17, significant results of greater than 2 g/t gold were received on the following one metre intersections: Au Ag Drill Hole (g/t) (g/t) ---------- ----- ----- Hole 10 25.4 18.8 Hole 14 16.0 22.0 Hole 16 7.6 5.2 Hole 17 30.0 46.7 Assays results for an additional 12 drill holes are pending from two other locations, trenches 5 and 7. A decision regarding further exploration in this area will be made when all assay results have been received. Mining equipment has been relocated to trench No. 7, to test the possibility that the surface gold mineralization is dominantly controlled by east-west structures. Trench No. 7 is where historical surface sampling provided the best results. A new adit has begun 20 metres east of this zone, to underground test the continuity of the high grade gold mineralization. Heavy mineral stream sediment samples collected earlier this year contained highly anomalous gold arsenic and zinc, particularly from four drainages between 4km and 9km northeast of El Encanto. Regional exploration crews are presently conducting a more detailed exploration program in the area. Local prospecting 700 metres north of El Encanto has successfully located new gold mineralization with a grab sample of pyritic material assaying 97 g/t Au. (c) Copyright 1996 Canjex Publishing Ltd. canada-stockwatch.com

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