Ecuadorian Minerals Corp (EMC:TSE) Message Board

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Gold/Mining/Energy : Ecuadorian Minerals Corp (EMC:TSE)

EMC 29.05

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Sep 15 5:00 PM EST

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To: dean poets who wrote (62)	7/17/1998 12:50:00 PM
From: Linda North	Read Replies (4) of 87

Property payments at Gaby have been renegotiated so that the next payment of $1,240,000 is not due until July, 1999. EMC has recently consolidated the Gaby gold project with the Papa Grande deposit to increase EMC's preliminary mineable reserve by 65% from 1.6 to 2.7 million ounces of gold with considerable potential for the discovery of additional reserves. At Beroen, also in Ecuador, EMC now controls 100% of an extensive, high grade, bonanza-style, epithermal gold-silver mineralized system where Rio Tinto drill results include intercepts of 34.5m at 12.3 g/t gold and 27m at 10.4 g/t gold. Individual rock smaple values range up to 113 g/t gold and 541 g/t silver and the main target area has not yet been drill-tested. EMC is also negotiating to acquire another another potentially high-grade, low-cost gold deposit in Peru.

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