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To: John Fairchild who wrote (95)	9/28/1998 8:13:00 PM
From: John Fairchild	of 148

Sur American Gold Corp - (issued after the market closed) Drilling progressing at Gavia gold project Sur American Gold Corp SUR Shares issued 17,525,483 1998-09-28 close $0.44 Monday Sep 28 1998 Mr. J. Rennie Blair reports The first hole into the Gavia epithermal gold project in Western Colombia was terminated at 227 metres. The drill hole unexpectedly encountered a large void and as a consequence, the hole had to be abandoned. From 60m until the end of the hole, a continuous sequence of highly pyritic pyroclastic rocks was intersected as expected. Drill hole Gavia No. 2 is about 800m to the west of Gavia No. 1 over a large and very strong IP anomaly overlain by a 40m thick basalt lava flow. The hole is currently at a depth of 180m, having passed through the basalt cap at 54m and into highly pyritic pyroclastic rocks, which at times exceed 20 per cent pyrite, averaging about 14 per cent pyrite. A second drilling machine has arrived on site with the objective of testing one of the potentially very large oxide zones, which is in the eastern portion of the property. Samples taken from soils and outcropping rocks over this oxide zone suggest a minimum surface extent of about 1200m x 400m with a possible thickness up to 100m. Soil gold values often exceed 1 g/t gold while rock values obtained by 30cm x 30cm test pits are as high as 32 g/t gold. Individual rock outcrops usually exceed 1 g/t thereby suggesting a potential multimillion ounce near surface oxide resource. A total of about eight holes into the oxide zone is planned. To date Gavia drill holes No. 1 and No. 2 clearly indicate the Gavia project consists of an extremely large volume of auriferous and highly pyritic pyroclastic rocks, which are variably veined and brecciated. The assay results from drill holes Gavia No. 1 and No. 2 will be released when they have been completed and received by the company. Frequent news releases detailing the progress of the program will also be released from time to time. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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