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Gold/Mining/Energy : NANECO - NNE-A - The Big Time
NNE 34.73-3.8%Jan 23 9:30 AM EST

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To: Bob Lawson who wrote (95)4/30/1999 9:02:00 AM
From: Gord Bolton   of 106
 
News a little dated but not posted anywhere.

NANECO MINERALS LTD. ("NNE-Y") - Metallurgical Tests at Jiawula
Indicate Zinc & Lead Recoveries - of 91.9% and 93.3% and 84.5% Total
Recovery of Silver

Process Research Associates Ltd., of Vancouver, B.C., Canada, has

completed a preliminary flotation test program on samples from the
Naneco Minerals Ltd. (Alberta Stock Exchange - Symbol NNE )
Silver-Zinc-Lead-Copper Zone No. 2 deposit located at Jiawula, Nei
Mongolia, China.

Results of this test program show substantial improvements in recovery
of all metals, when compared to results obtained after

similar earlier work by others. Evaluation of the PRA test data
suggests that further improvements in recovery will be achieved

after planned additional testing is completed which will be oriented
to optimizing the flotation parameters and flowsheet used.

The representative head sample obtained from drill reject pulp
samples, used for flotation feed assayed 137.00 g/mt Ag, 3.72%

Pb and 7.7% Zn. Recoveries for Pb plus associated Ag concentrate and
Zn plus associated Ag concentrate were as follows:



Pb + Ag Zn + Ag Total Recovery (%)

93.3% + 66.2% of Ag 91.9% + 18.3% of Ag 84.5%

Pb and Zn recoveries were 93.3% and 91.9%, respectively. Approximately
66.2% of the Ag reported to the Pb concentrate

and 18.3% reported to the Zn concentrate, for a total recovery of
84.5%.

Further comprehensive metallurgical tests will now be conducted on
bulk samples obtained from the deposit for final flowsheet

design. TEL: (403) 232-6833 Archie J. Nesbitt, President or TEL:
1-877-2NANECO

Raju Wani, Corporate Development FAX: (403) 232-6463 Email:
miningco@ab.imag.net Website: naneco.com

______________________________________
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