DESERT DIRT INDEX VALUES AS OF APR 30, 1999:
NOTE 1: For the year of 1999 through April 30, MGAU's stock price is up by
397%, MXAM is up 113%, NAXOF is + 31%, GPGI is -2% and CHIP is -22%.
For the month of April, MGAU was up 27%, NAXOF was +12%, CHIP -9%, GPGI
-23% and MXAM -27%.
A basket of the five stocks is up approximately 100-150% on the year, depending on
the particular indice. (Keep in mind, of course, the disastrous year 1998 and that
this assumes a fresh investment on Jan 1, 1999 without accounting for the 1998
losses.)
NOTE 2: DD NEWS - GPGI announced assay results on April 5 for 5 samples from
the Hassayampa, Oro Grande and Weaver Creek areas. Grades averaged nearly 8
oz/T (total) for gold and PGM's.
MGAU announced on April 5 that they had recovered 1.73 oz gold from the 1 ton
sample of Sinagua ore using the J/L process, and on April 21 announced that they
had received a check from the refiner for the gold in the 1 ton sample.
MXAM announced results on April 15 for COC assays on 2 of the 10 holes drilled
earlier this year at their Peoria properties. Equivalent gold grades (gold and
PGM's) averaged 0.15 oz/T, which management believed to be economic to
extract. Retesting is proceeding at another lab and the results from the other 8 wells
are yet to be received.
NAXOF announced on April 6 that they had received an injunction prohibiting the
dissident shareholder group from calling a special meeting and, further on April 28,
that they had reached agreement with the dissident group to share Board leadership.
(Details of the AGM on April 30 are in a May 3 PR.)
Additional details on the DDI are available at:
Message 9300829
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