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Gold/Mining/Energy : Macdonald Mines
MMP 69.000.0%Sep 25 5:00 PM EST
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To: eyewatch who wrote (118)4/5/1999 3:09:00 PM
From: Mick   of 135
 
Big volume before this was released; does this dog have some life?

MacDonald Mines Exploration Ltd -
MacDonald Mines receives approval for Cuban drilling plan
MacDonald Mines Exploration Ltd MMP.A
Shares issued 75,700,000 1999-04-01 close $0.09
Monday Apr 5 1999

Mr. Mario Miranda reports
MacDonald Mines this morning received notification by GeoMinera S.A. of the approval of Cuba's Ministry of Basic Industries for its plan to begin preparation for the drilling of a number of its mineralized gold target areas in Cuba. The company identified 36 individual target areas in its 2,000-square-kilometre concession in the heart of Cuba's cretaceous gold belt, from a recently completed regional program extending over four years. Subscriptions received from a current private placement will enable the most promising of these targets to be further tested immediately.
MacDonald is also engaged in negotiations for a proposed merger that could provide exploration financing of up to $10-million or more.
MacDonald's mineral rights in Cuba are held through an agreement with GeoMinera S.A. None of the target areas are the subject of any claims that might be brought under the U.S. Helms-Burton legislation. Results of the current program will be released as they become available.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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