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Gold/Mining/Energy : Delgratia Mining (DELGF)

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To: Ron Pitts who wrote (2)	1/13/1997 5:46:00 PM
From: Mike	of 532

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: DELGRATIA MINING CORPORATION NASDAQ SYMBOL: DELGF JANUARY 13, 1997 Delgratia Mining - Gold Mineralization Found at Columbus VANCOUVER, BRITISH COLUMBIA--Exploration work conducted by Joint Venture operator Western Mining Corporation indicates that the Columbus concession, located in Northeastern Nicaragua, hosts significant gold and copper mineralization typical of porphyry deposits. The Columbus concession covers 140 square kilometers (34,000 acres) and is approximately 75 kilometers by air northeast of the prolific Bonanza Rosita Siuna gold triangle. Delgratia acquired Columbus on the basis of extensive artisanal gold placer mining ongoing in the area for 30 years. Western Mining is spending US $12 million on the 10 million acre Nicaragua Joint Venture. The predominant Cerro Columbus structural zone located at the center of an east-west trend of highly altered granodiorite hills extending over 20 kilometers was extensively sampled. This structural zone has strong hydrothermal alteration and mineralization. Gold values between 0.5 and 47 grams per tonne (0.01 and 1.3 ounces per ton) were encountered at surface. The Columbus concession encompasses at least half of the belt. Mineralization is mostly concentrated at three prominent gold and copper breccia zones on the Cerro Columbus. Abundant quartz vein float suggesting the presence of stockwork veining is also present. The extensive soil sampling program just completed has identified targets now ready for drilling. Five other areas have also been discovered on the property, all with anomalous gold and copper values. Drilling has commenced at the southern Nevada project to test the extension at depth of the gold anomaly which is approximately 18,000 feet long and 1,800 to 6,000 feet wide. The Company is also pleased to announce that Mr. J. Terrence Alexander, former President of Delgratia, will oversee Special Projects for the Company. Mr. Alexander brings extensive contacts and very valuable expertise in project acquisition and financing.

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