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Gold/Mining/Energy : ENERGOLD (EGD.V)

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To: m jensen who wrote (99)	3/24/1999 7:41:00 PM
From: keith schaefer	of 130

Wed Mar 24, 1999 Results From Six Further Holes On Longyear Property ENERGOLD MINING LTD. (EGD-V) announces results from the second batch of analyses covering six more of 20 holes drilled on the LONGYEAR property located 3.5 kilometers to the southwest of Pueblo Viejo in the Dominican Republic. Results tabulated below are from holes #8-12 and #15, six more of 20 holes drilled in a 350 by 600 meter area from which pit and trench sampling returned 1.2 grams of gold per tonne from oxidized surface material. ----------------------------------------------------- HOLE # FROM TO Int Au Ag (m) (m) (m) Ox/S (gm/T) (gm/T) Cu(%) ----------------------------------------------------- 2051-8 0 17 17 Ox 1.10 32.3 .802 17 21 4 S 1.082 6.7 2.904 24 29 5 S .308 48.3 1.253 31 40 9 S .508 11.6 1.323 2051-9 33 38 5 Ox .181 8.5 .030 41 50 9 S .459 6.8 .168 2051-10 0 17 17 Ox .413 3.4 .072 2051-11 0 23 23 Ox 1.281 10.03 .342 (incl) 12 21 9 Ox 2.670 15.13 .526 31 34 3 Ox 2.832 29.73 .960 2051-12 2 12 10 Ox .517 .30 .019 2051-15 0 23 23 Ox .636 .90 .126 35 41 6 S .254 7.40 .239 47 56 9 S .299 3.03 .012 ----------------------------------------------------- The holes, in combination with the previously reported seven holes, confirm mineralization over a vertical interval in excess of 100 meters. Hole 2051-11 averages 1.24gm/T Au, 12gm/T Ag and .406% copper over 34 meters, indicating that mineralization is both laterally and vertically extensive. Results from the third and final shipment are expected within a week to ten days. Sample handling and assaying procedures are the same as for the previous shipment. On behalf of the Board of Directors (signed) H. Walter Sellmer President The Vancouver Stock Exchange has neither approved nor disapproved this release.

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