MIQ Press Release and Comments
Bulletin # DEC98-05
ONCE YOU'VE READ THE HEADLINES, COME TO AGORA FOR THE NEWS
Good morning to you all. Please find enclosed the latest drill results released by Mirandor Explorations and Kinross Gold Corp. Due to the confidentiality of the drill results, we received a copy of the drill results at the same time as they hit the regular news wires. We are currently awaiting further commentary from the company.
In the meantime, we would like to point out the following highlights:
1] The companies have released the results from 8 drill holes. Given the extensive drilling at Railroad to date, we would expect further holes to be released in the near future. Currently, two (2) drill rigs are in use at Railroad;
2] (Excerpt) "The geologic setting and host rocks are largely similar to those at the nearby Rain deposit where Newmont produced more than one million ounces of gold from an open pit and is currently developing an underground resource
for production."
Typically, such statements made by juniors can be dismissed as promotional commentary. However, such statements being made while under joint venture with Kinross Gold Corporation must be given more weight and credibility;
3] Step out holes now further extend the known strike length of the POD deposit to the east;
4] The companies found an new discovery hole, which is located approximately 2,900 feet south southeast of the POD deposit towards the Bunker Hill zone; and
5] All assays are comfortably above 0.02 oz/ton, which MIQ has previously advised is the minimum necessary to be feasible in the Carlin Trend.
As soon as we have further commentary from the company regarding these drill results, we will pass them on.
If you did not receive this message by direct e-mail, please visit our web site at:
www.mirandor.com
where you can add your e-mail address to the MIQ database. Alternatively, you can e-mail us at spectra@interlog.com and write "MIQ database" in the subject line.
Regards,
Agora Internet Relations Corp.
___________________________________________________________________
EXPLORATION MIRANDOR INC.
PRESS RELEASE
DECEMBER 11, 1998
Exploration Mirandor Inc. (Montreal Stock Exchange-MIQ) is pleased to
announce that it has received the following information from Kinross Gold
Corporation concerning the Railroad project in Nevada.
The drilling program continues at the Railroad Project, where Kinross is
earning a 60% joint venture interest in a large Carlin Trend land position
with Exploration Mirandor Inc. Work to date has provided encouragement at
several near-surface targets. Step-out drilling in one area has cut
promising mineralization. A fence of three holes had the following
mineralized intersections:
Hole # Thickness Depth Assay gold
feet feet oz/ton
K98-26 35 45 - 80 0.2374
K98-27 85 75-160 0.0819
includes 20 feet@ 0.227
K98-36 100 145-245 0.0392
includes 20 feet@ 0.102
In the near vicinity drilling has also hit:
Hole # Thickness Depth Assay gold
feet feet oz/ton
K98-18 30 15-45 0.036
K98-30 80 90-170 0.046
K98-37 105 265-370 0.121
K98-49 70 855-925 0.110
K98-55 85 375-455 0.072
The geologic setting and hostrocks are largely similar to those at the
nearby Rain deposit where Newmont produced more than one million ounces of
gold from an open pit and is currently developing an underground resource
for production.
Holes 26, 27, 36 were drilled on section and was a step out fence designed
to discover the possible continuation of the surface POD deposit (geologic
resources as at July 1997 of 1.4 million ton @ 0.085oz/ton gold), (D.
Gaudreault, July 1997). These step out holes now further extend the known
stike length of the POD deposit to the east.
Holes 18, 37 and 55 were drilled in the vicinity, while hole #30 was
drilled approximately 1,400 feet east of the POD deposit.
Hole # 49 is a new discovery hole and is located approximately 2,900 feet
south southeast of the POD deposit towards the Bunker Hill zone which was
discovered in 1997 by Mirandor. Bunker Hill is located some 4,000 feet
southeast of hole 49.
Kinross and Mirandor have an agreement whereby Kinross can earn a 50%
interest in the Railroad project by expending approximately $10 million on
an additional 10% by expending a further $7.5 million on a positive
feasibility study.
The Railroad project, consisting of some 55 square miles, is centered on
the southern end of the Carlin Trend and lies at the intersection of the
NW-SE Carlin Trend and the N-S Piñon anticline structure. It is located
within a Carlin erosional "window" exposing at surface favorable lower
plate sedimentary rocks.
For more information, please contact:
Mr. James L. Speros, President
Washington office: Tel: (703) 450-0170
Fax: (703) 450-7716
Montreal office: Tel: (514) 285-8565
Fax: (514) 285-1617
Val-d'Or office: Tel: (819) 825-9065
Fax: (819) 825-1199
DISCLOSURE STATEMENT
AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc. for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in Mirandor Explorations Inc. AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals.
AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in the company.
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