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Gold/Mining/Energy : Pangea Goldfields Inc. T,PGD

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To: Bat Man who wrote ()	9/22/1998 11:09:00 AM
From: kidl	of 5

Tulawaka drilling results Pangea Goldfields Inc PGD Shares issued 20,572,320 Sep 21 close $1.39 Tue 22 Sept 98 News Release Also Northern Mining Explorations Ltd (MDN) Mr. Jean-Charles Potvin reports Pangea has received results of four RAB drilling fences recently completed over two large geochemical anomalies outlined on its 70 per cent owned Tulawaka property in Tanzania. Drilling has intersected high grade gold values associated with quartz tourmaline veins within a 30 to 80 metre wide shear structure. The two anomalies are on the same trend line, 1.5 kilometres apart. The RAB lines tested two previously identified gold geochemical anomalies. The Eastern anomaly, which has a strike length of 1.8 kilometres and the Western anomaly, with a strike length of 2.7 kilometres, were each tested with two lines of RAB drill holes. The drill lines are 400 metres apart with drill holes spaced every 20 metres to a maximum depth of 42 metres. Fire assay analysis was conducted over one metre intervals with two check assays being completed on high grade assays. Highlights of drill results over the mineralized structure include: Hole From To Length Au m m m g/t TRAB 6 0 7 7 2.9 TRAB 7 0 5 5 11.1 TRAB 8 0 6 6 23.8 TRAB 9 3 9 6 35.5 TRAB 25 10 20 10 6.6 TRAB 26 11 26 15 13.8 TRAB 27 0 10 10 17.2 TRAB 45 12 23 11 3.9 TRAB 46 0 42 42 4.9 TRAB 66 18 22 4 16.9 Previous test pits over the anomalies had returned high grade values up to 55.7 g/t gold over 2.7 metres, with visible gold being identified within quartz tourmaline veins. Given these positive results, Pangea has implemented an aggressive follow-up drill program at the Tulawaka project and further RAB and RC drilling will commence in October. The Tulawaka project is a joint venture between Pangea as the operator, and Explorations Minieres du Nord which holds a 30 per cent interest. c Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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