MIRANDOR-MIQ ON MONTREAL Message Board

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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL

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To: Mike Paulin who wrote (2128)	8/14/1998 5:53:00 PM
From: Mike Paulin	Read Replies (1) of 2635

From the Northern Miner. Partners cut gold at Railroad Drilling at the Railroad gold property in Nevada's Carlin trend has returned encouraging results for partners Exploration Mirandor (MIQ-M) and Kinross Gold (K-T). Six holes drilled in the Elliot Ranch area cut wide zones of near-surface, low-grade gold mineralization. Intervals varied from 1.5 to 41.1 metres and averaged between 0.55 and 1.78 grams per tonne. Hole 6 intersected the narrowest gold-bearing interval, which averaged 1.47 grams gold. Hole 2 cut the widest: 41.1 metres averaging 0.62 gram. Kinross, in managing the program, is earning a 50% interest in the property from Mirandor. The former is required to spend a total of US$7 million (T.N.M., July 20-26/98). The Railroad property encompasses 15 past producers in a Carlin window of lower-plate sedimentary rocks outcropping along an anticline structure. Previous drilling returned up to 21.81 grams gold over 3 metres.

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