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Gold/Mining/Energy : Lysander (LYS V)

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To: Larry Voyer who wrote (14)	12/3/1996 12:47:00 PM
From: Robert Saito	of 47

Lysander Gold Corporation LYS Shares issued 16,047,221 Dec 2 close $0.52 Tue 3 Dec 96 News Release Mr Stephen Sopher reports: The company has received results of continuing drilling at the Passagem gold mine in Brazil. At the central sector of the main Passagem mine, holes MG-13 and MG-14 intersected ore grade mineralization at over 200m beyond the projection of the old mine workings. Hole MG-13 intersected 11.27 g/t gold uncut (high grade zone at upper contact and medium grade zone at lower contact) over 2.84m at depth of 464.56m and hole MG-14 intersected 7.12 g/t gold over 1.19m at a depth of 402.19m. At the western flank of the mine (Fundao area) in shallower drilling, assay results are being awaited for holes MG-15 and MG-16. At the Santana mine, a program of drilling to develop shallower underground and/or possible open-pittable reserves has started. Teck Corp is providing equity financing for the exploration and development of the Passagem gold mine in Brazil.

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