DESERT DIRT INDEX VALUES AS OF FEB 26, 1999:
NOTE 1: For the year of 1999 through Feb 26, MXAM's stock price is up by
313%, MGAU is up 285%, NAXOF is + 31%, CHIP is + 16% and GPGI is -14%.
A basket of the five stocks is up more than 100% on the year, depending on the
particular indice. (Keep in mind, of course, the disastrous year 1998 and that this
assumes a fresh investment on Jan 1, 1999 without accounting for the 1998 losses.)
NOTE 2: DD NEWS - MGAU (Feb 16) expanded on their earlier PR concerning
the Sinagua ore which had been concentrated by MGAU using the Johnson-Lett
process, with scanning electron microscopy of the concentrate yielding nearly twice
the content of gold than had been indicated by fire assay of the concentrate, that
they were currently processing a one ton sample of Sinagua ore, and that they were
planning to have a pilot plant operational within 90 days; also, that they planned to
acquire the assets and technology of Johnson, Lett & Company.
MXAM (Feb 17) announced the completion of a ten-hole drill program on their
Peoria South property, with COC samples being sent to Registered Assayers for
determination of gold and silver; results were expected within 60 days.
NAXOF (Feb 11) announced that the reconfiguration of the Franklin Lake
demonstration plant remained on schedule and would be running “shortly”, and that
Martin Blake (formerly with LS Capital - CHIP) had joined the company as
Manager of Research and Exploration.
For more on the DDI, see:
Message 8159097
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