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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Jonathan N who wrote (20)	10/26/1998 11:49:00 AM
From: Jonathan N	Read Replies (3) of 5053

News Out biz.yahoo.com OCTOBER 26, 1998 Jordex To Commence Drilling at San Javier, Bolivia VANCOUVER, BRITISH COLUMBIA--Jordex Resources Inc. (the ''Company'') will conduct a 1000 metre diamond drill program to test the West gold anomaly, located some 3 kilometres north of the Central anomaly which the Company drilled in the fall of 1997. Last year's diamond drilling program produced three high-grade gold intercepts over a 400 metre strike length at the San Javier concession located some 190 kilometres from Santa Cruz. Hole SJ-97-02 recorded the most spectacular result with 273.7 grams/tonne (7.98 oz/ton) over a 5 metre interval. The West anomaly is defined by elevated mobile metal ion (MMI) gold values in soil over a 7000 metre length, with highest values contained within a 600 metre core zone. It is one of three anomalous targets identified to date as part of an ongoing geochemical study conducted by Jordex within the concession area. An MMI soil sampling program conducted over the original Central anomaly in 1998 subsequent to the 1997 drill program validated this geochemical method for accurately defining drill targets. The West anomaly has shown MMI values equivalent to or higher than those developed on the Central anomaly. A recent trenching program (2 to 8 metres deep in jungle terrain) conducted over the West anomaly suggests a similar geological sequence to that logged from core holes into the Central anomaly, with sericite schists, sheared porphyries, phyllites and amphibolites seen in the short trenches. Petrographic studies carried out by two different groups on the 1997 mineralized cores from the Central anomaly suggest that the origin of the host rock is more likely a sequence of highly sheared quartz-felspar porphyries rather than metaconglomerate as originally interpreted. The West anomaly sequence displays an average dip of 65 degrees to the east and strikes within a few degrees of north with a maximum deviation of 20 degrees (NNW). The current diamond program encompasses some eight holes, inclined at 50 degrees, drilled to maximum depths of 150 metres to test the mineralization below the zone of oxidation. Results of the drilling program are expected by year end. ON BEHALF OF THE BOARD OF DIRECTORS PAUL KOSTUIK, President

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