San Telmo Resources Ltd. (STA.V) Message Board

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Gold/Mining/Energy : San Telmo Resources Ltd. (STA.V)

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To: Ri$ky who wrote ()	3/12/1999 9:19:00 PM
From: Gord Bolton	of 7

San Telmo Update: San Telmo Resources Ltd. increases El Condor discovery area Date: Fri, 12 Mar 1999 15:40:58 -0800 From: info@santelmoresources.com Mr. Chris Dyakowski , President of San Telmo Resources Ltd (VSE:STA), is pleased to announce the acquisition of the Falcon property (2500 hectares) which is contiguous to the new gold -silver discoveries on the El Condor property, Santa Cruz province, Argentina. Including the new Falcon property the company has a total of ten properties in Santa Cruz comprising 29,500 hectares. The Falcon property is underlain by the same Lower Jurassic Chon Aike formation rhyolites and has a similar pattern of regional scale northwest and northeast trending faults as the adjacent El Condor property that returned values of up to 131 g/t Au from a resistant weathering banded quartz vein system on a recently conducted sampling program (February 22, 1999 news release). The exploration target for this area is a structurally controlled low sulphidation epithermal gold-silver deposit similar to that of the Cerro Vanguardia mine, approximately 85 km to the southwest, and operated by a joint venture between Anglogold and Perez Compac SA. San Telmo has completed its initial field investigation of all of its properties in the Province of Santa Cruz that has resulted in the discovery of multiple zones of epithermal gold and silver mineralization. Currently the company is preparing an environmental impact statement required by the provincial mining authorities of Santa Cruz for a planned trenching and drilling program to test these zones of mineralization. San Telmo Resources Ltd. C. Dyakowski For More Information on San Telmo Resources, visit santelmoresources.com, or email info@santelmoresources.com

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