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Gold/Mining/Energy : News that catches your eye
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To: John Fairchild who wrote ()11/16/1998 10:36:00 AM
From: TomKing  Read Replies (1) of 148
 
Blue Desert/Romarco/Golden Glacier Update

South Midas project summary                                               
                                                                          
Blue Desert Mining Inc                                                  BDE
Shares issued 7,648,072                                   Nov 9 close $0.06
Mon 16 Nov 98                                                  News Release
Also Golden Glacier Resources Inc (GGA)
Also Romarco Minerals Inc (R)
Mr. Brian Fairbank reports
The  South  Midas  agreement  between  Romarco  Minerals,  Golden   Glacier
Resources  and  Blue Desert Mining has been renewed for further exploration
in 1999. Drilling targets are high grade, epithermal  gold  veins  such  as
those  that occur at the Ken Snyder mine, under construction seven miles to
the northeast.
Gold deposition in the Midas district is vertically  controlled  with  gold
ore being deposited within a certain elevation range. Planned work at South
Midas will test the hypotheses that gold horizon may be at the elevation of
the  gold  showings  at  surface.  Surface mapping and sampling will extend
uphill northward and eastward from the  area  drilled  earlier  this  year.
Additional   drill  holes  are  planned  at  higher  elevations  along  the
extensions of the Maui fault and other gold structures.
During 1998, Romarco completed a rock geochem program  confirming  previous
high  grade  surface  samples.  Twelve  of  32  Romarco samples were highly
anomalous in gold with a high assay of 0.55 ounces/ton  from  a  silicified
shear  zone  with  quartz  stringers cutting basaltic andesite in the Kihei
zone. This is the location of Newmont samples reported  to  assay  1.2  and
0.81  ounces/ton  gold.  A  select  chip sample of quartz stockwork cutting
rhyolite within the Wailea zone assayed  0.164  ounces/ton  gold  and  4.35
ounces/ton  silver.  Silicified,  brecciated rhyolite with narrow stockwork
veining within the Maui fault is locally anomalous in gold and silver (0.03
ounces/ton gold, 4.14 ounces/ton silver).
Four reverse circulation angle holes, drilled to depths of 420 to 800  feet
below  gold mineralization at surface indicated only weak and sporadic gold
values. Two of the holes hit  artesian  water  flows  and  one  had  to  be
completed before reaching its planned depth.
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