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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG

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Sep 10 5:00 PM EST

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To: Donald McRobb who wrote ()	3/16/1999 12:56:00 AM
From: Travbfree	of 539

Eskapa Target Zone Update NEWS RELEASE March 12'99 Surface exploration work aimed at advancing the Eskapa project to the reconnaissance drilling program is currently in progress and is expected to be completed over the next two weeks. This work has already outlined the full areal extent of the precious-metal target. Construction of 12 kilometers of road has allowed for ready access over the target zone and surrounding prospective area. A core drilling program designed to complete 15HQ holes (3000 meters) is slated to begin in early to mid April, 1999. With recent completion of the detailed geologic mapping, an important part of the surface evaluation, the outline of the precious-metal target at Eskapa is now known to be approximately 2000-meters long by 1200-meters across which is much larger than previously announced (see news release 2-99, Jan 18th) This area is elongated in a west- northwest direction and encompasses strongly clay-+/-alunite-altered and pyritiferous volcanic sequences of dacite flow and underlying tuffaceous units. These units comprise cap rock to a deeper zone of mantos and associated feeder zone precious-metal targets. Numerous silica-barite rock outcrops are scattered over the entire outlined target zone area and appear to be controlled along faults or fault intersections. These silica-barite bodies are interpreted as being derived from fluids and vapors which locally leaked (or escaped) upward from the mantos/feeder target zones. The outcrops and dumps sampled of silica-barite material from the western part of the target contain high-grade amounts of silver (245.3 grams/metric ton, average) and highly anomalous amounts of antimony, lead, and mercury (see news release 2-99, Jan 18th). This material may, in part, be representative of the mantos target zone expected to be below the described cap rock units. Newly discovered silica-barite rock outcrops over the eastern part of the target are similar in occurrence and appearance and many have also been explored by Spanish Colonial-era piques. These too have recently been sampled and analytical results are pending. Remaining exploration work to be completed includes induced polarization (IP), ground magnetics geophysical surveys and detailed rock-chip sampling. Geoexploraciones (Santiago, Chile) is currently conducting the geophysical work which will total 16 line kilometers (six lines). Where possible, Spanish Colonial-era piques are being cleaned out and made accessible for examination and sampling of sulfide-bearing parts of silica-barite bodies at depth. This remaining exploration work is anticipated to be completed before the end of March at which point drill sites can be chosen and access roads/pads constructed. The drill sites will likely be widely spaced over the target zone and in close vicinity to silica-barite rock outcrops and strongest alteration. This will allow as much as possible to be learned about the target zone and to guide follow up of positive drilling results. Robert E. Kell Vice President - Exploration This News Release includes certain "forward looking statements"...(you all know the rest)

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