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Gold/Mining/Energy : MILL CITY MIY-V
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To: Dennis (Hijacked) who wrote (444)4/5/1999 5:24:00 PM
From: maxed   of 707
 

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

I like the little teaser about the proposed $10 million. Anyone care to make a guess who it could be.
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