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Gold/Mining/Energy : Ecuadorian Minerals Corp (EMC:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (71)	6/15/1999 7:08:00 PM
From: dean poets	Respond to of 87

Ecuadorian Minerals Corporation - Ecuadorian commences Beroen drilling Ecuadorian Minerals Corporation EMCShares issued 44,910,9511999-06-14 close $0.9Tuesday Jun 15 1999Mr. Stephen Kay reports Drilling has commenced on the 100-per-cent-held Beroen epithermal gold/silver property in southwestern Ecuador. The diamond drilling program will comprise 15 to 18 drill holes totalling approximately 2,000 metres and will initially test three primary targets: the Alejandra, San Luis and Dorada zones (as described in detail in Stockwatch May 26, 1999). Levels of gold and silver values obtained from EMC's recent rock sampling program and from Rio Tinto's previous rock sampling programs at the Alejandra and Dorada zones are considered to be typical of those associated with high-grade, bonanza-style vein/breccia mineralization related to epithermal precious metal systems. Based on EMC's detailed, surface geochemical sampling results from the San Luis zone, this area has potential for bulk minable precious metal mineralization within the volcanic sequence, in addition to bonanza-style vein/breccia mineralization. The Beroen deposit exhibits many similarities, in terms of style of alteration, mineralization, gold/silver values and structural setting, with Meridian Gold's El Penon gold/silver deposit in Northern Chile. Drilling is being carried out by Connors Perforaciones SA, a wholly owned subsidiary of Connors Drilling Limited of Kamloops, B.C., and is expected to be completed by the end of July. Sample preparation and analyses will be carried out by Intertek Testing Services (Bondar Clegg) in Quito and Vancouver using conventional fire-assay methods. Assay control standards of known gold content will be used for quality control purposes in addition to duplicate analyses and a second independent analytical laboratory (Monitor Geochemical Inc.) to check higher-grade Bondar Clegg analyses. Results will be released as they become available following evaluation of the quality control parameters. Drilling at another of EMC's high-grade gold exploration targets, Vetaspata in Peru, is expected to start by September this year. Detailed field mapping, surveying and additional surface and underground sampling are presently under way to delineate drill site locations for the planned 1,500-metre diamond drilling program. Additional data from the project will be released as they become available. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

To: Alan Whirlwind who wrote (71)	7/6/1999 7:29:00 PM
From: dean poets	Read Replies (2) \| Respond to of 87

Ecuadorian Minerals Corporation - Southern Metals to acquire interest in Paccha property from Ecuadorian Ecuadorian Minerals Corporation EMCShares issued 58,499,2651999-07-05 close $0.88Tuesday Jul 6 1999See Southern Metals Corp (SUH) News Release Mr. Stephen Kay reports Southern Metals has signed a letter agreement with Ecuadorian Minerals Corporation, to acquire up to a 70-per-cent interest in the high-grade Paccha gold property 15 kilometres north of the cities of Zaruma and Portovelo in Southern Ecuador. These cities are in the centre of Ecuador's principal gold producing region with current regional production of approximately 300,000 ounces of gold per year from high-grade veins. The key target of interest on the property is a 10-to-20-metre wide, steeply dipping, highly silicified, gold-bearing vein/breccia zone, which was traced over a strike length of approximately one kilometre by Compagnie Generale de Matieres Nucleaires from whom EMC acquired a 100-per-cent interest in the property in February, 1999. COGEMA's program over the vein/breccia zone included surface rock sampling and the completion of six shallow diamond drill holes (totalling 170 metres) to a maximum depth of 39 metres covering only 60 metres of the strike length of the zone. Surface sampling of available outcrop by COGEMA and EMC over the vein/breccia zone has given a wide range of values with a number of samples grading two to eight grams per tonne gold. Of particular interest is the fact that in the southern portion of the area known as Roca 3, surface rock sampling reported values up to eight grams per tonne gold, while four of the drill holes in the same area gave high-grade gold intercepts. In drill hole HUA-2B an intercept (uncut) of 10.3 metres at 17.4 grams per tonne gold was obtained, including 2.6 metres at 25.1 grams per tonne gold. The drill hole ended in 8.5 metres at 6.9 grams per tonne gold. Additional intercepts (uncut) reported 0.6 of a metre at 47.3 grams per tonne gold (HUA-1) and 2.5 metres at 14.1 grams per tonne gold (HUA-2). In this area, the drill hole intercepts do not represent the true thickness of the zone as they were drilled obliquely within the zone. Approximately 60 metres northward, however, drill hole HUA-11 was drilled across the structure and intersected (uncut) values of 15.6 metres of 5.1 grams per tonne gold, including 5.0 metres at 11.0 grams per tonne gold, which contains an interval of 2.7 metres at 15.3 grams per tonne gold. A complete table of significant drilling results (uncut values) for the Roca 3 area is shown below: Total Grade Drill Depth From To Interval (g/t Hole No. (m) (m) (m) (m) Au) HUA1 21.9 6.2 6.8 0.6 47.3 HUA1B 35.1 15.2 29.2 14.0 1.8 HUA2 13.6 2.5 10.2 7.7 6.4 incl. 6.0 8.5 2.5 14.1 HUA2B 30.7 0 30.7 30.7 8.3 (end of hole) incl. 0 10.3 10.3 17.4 incl. 3.8 6.4 2.6 25.1 incl. 22.2 30.7 8.5 6.9 (end of hole) HUA11 30.0 14.4 30.0 15.6 5.1 (end of hole) incl. 16.4 21.4 5.0 11.0 incl. 16.4 19.1 2.7 15.3 With the exception of drill hole HUA-10 (which contained no significant intercepts), visible gold was observed in all drill holes in the Roca 3 area; COGEMA reports that gold analyses were carried out by conventional fire assay at Bondar-Clegg Laboratories. The attitude and width of the Paccha vein/breccia, coupled with the topography of the property, indicate the potential for low-cost, underground (adit) mining of the vein zone. Field reconnaissance work by EMC has shown that the vein/breccia zone is flanked by an extensive envelope of highly altered rocks accompanied by abundant silicified float, which may indicate the presence of a strong hydrothermal system of broad extent. Approximately 100 metres east of the vein/breccia structure COGEMA outlined a distinctly anomalous gold zone measuring 600 metres by 250 metres in which a central area of quartz-tourmaline stockwork mineralization was identified. Surface rock sampling and pitting carried out by COGEMA in the anomalous zone gave a range of gold values up to 9.6 grams per tonne. A program of nine shallow holes drilled in the stock work area intersected anomalous gold values in seven drill holes and encountered a high-grade intercept (uncut) of 3.0 metres at 26.0 grams per tonne gold in drill hole HUA9. Agreement terms Southern Metals may earn an initial 50-per-cent interest in the property by expending a total of $1-million (U.S.) within three years following completion of due diligence (maximum 30 days) of which $150,000 (U.S.) will comprise a guaranteed expenditure during the first year. In addition, Southern Metals must issue two million shares to EMC as follows: at completion of due diligence - 250,000 shares; end of year one of the agreement - 250,000 shares; end of year two - 500,000 shares; and end of year three - one million shares. Southern Metals has the option to earn an additional 10-per-cent interest in the property (to obtain a total interest of 60 per cent) by completing a bankable feasibility study at a minimum cost of $2.5-million (U.S.) by the end of year five of the agreement and by paying EMC $1-million (U.S.) as to 50 per cent in cash or shares at EMC's option and 50 per cent in cash or shares at Southern Metals' option. A further 10-per-cent interest in the property may be acquired (to provide a total interest of 70 per cent) by arranging all financing for the development and construction of the project based on the feasibility study design. An additional condition of the agreement is that Southern Metals is required to obtain additional financing of at least $200,000 (U.S.) by Oct. 1, 1999. Under the terms of the underlying agreement between EMC and COGEMA, there are no property payments other than a 3-per-cent net smelter return royalty payable to COGEMA following commencement of commercial production. The ground covered by the original COGEMA concession occupies two square kilometres and an additional four square kilometres of adjacent open ground to the north has been acquired by EMC giving a total property holding of six square kilometres on a 100-per-cent ownership basis. The net smelter return royalty is payable only on the COGEMA concession. The letter agreement remains subject to due diligence and approval by the regulatory authorities. Planned work program Southern Metals is currently planning a detailed surface rock sampling program and, subject to financing, a follow-up diamond drilling program in order to test the Paccha vein/breccia zone and to evaluate the surrounding alteration envelope. Laja gold property, Chile On July 1, 1999, a notice of termination was delivered to Fremont Gold Corporation with regard to the joint venture letter agreement for the Laja property, Chile, executed between Southern Metals and Fremont on Dec. 10, 1998. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

To: Alan Whirlwind who wrote (71)	11/15/1999 7:08:00 PM
From: dean poets	Read Replies (2) \| Respond to of 87

Ecuadorian Minerals Corporation - Bema Gold and Ecuadorian form exploration Ecuadorian Minerals Corporation EMCShares issued 58,499,2651999-11-01 close $1.48Monday Nov 1 1999See Bema Gold Corporation (BGO) News Release Mr. Clive Johnson reports Bema Gold Corporation and Ecuadorian Minerals Corporation have formed an alliance to advance EMC's exploration for high-grade gold-silver deposits in Ecuador and Peru. As the first step in establishing the alliance, Bema will subscribe for 3.8 million units of EMC at a price of $1.33 per unit for a total consideration of $5.05-million. Each unit will consist of one common share and one-half of a common share purchase warrant. One common share purchase warrant will entitle Bema to purchase one EMC common share at $2 for two years. Following completion of this investment and for a period of three years, Bema will have the right to nominate one director to EMC's board of directors and a first right of refusal on any joint venture or other disposition of any of EMC's properties and on any EMC financings. Bema will issue to EMC 3.28 million common shares as consideration. The transaction remains subject to regulatory approvals and approval of the respective board of directors. EMC views the Bema common shares that it will receive upon completion of this transaction as an investment and has no near-term plans to dispose of such shares. If EMC elects to sell all or part of the Bema shares, EMC will co-ordinate the disposition of such shares with Bema. The resulting proceeds will be added to working capital and used primarily to finance EMC's exploration program on its principal mineral properties in Ecuador and Peru and for new acquisitions. Bema's subscription for EMC shares is for long-term investment purposes and will result in an ownership of EMC of 7 per cent on an issued and outstanding basis and 9.1 per cent on a fully diluted basis. EMC is a Toronto Stock Exchange listed company with, among its portfolio of properties, an exciting gold-silver exploration property in Ecuador (Beroen) on which EMC has completed a first phase diamond drill program and a high-grade gold property in Peru (Vetaspata) where EMC has recently commenced a diamond drill program. The Beroen project in south central Ecuador hosts an extensive, low sulphidation precious metal epithermal system with a surface expression of mineralization over an approximate four-kilometre by one-kilometre area with a vertical extent spanning about 1,000 metres. EMC's diamond drill program, which consisted of 21 holes totalling about 2,000 metres, tested only a small portion of the property and confirmed that the surface mineralization continued to depth. In a Stockwatch Sept. 1, 1999, press release, EMC calculated an internal preliminary resource estimate based on the drill program and previous work of approximately 1.6 million ounces of gold and 13 million ounces of silver based on 9.4 million tonnes grading 5.3 grams per tonne of gold and 43 grams per tonne of silver. Mineralization remains open in several directions. Prior to the end of the year, EMC intends to complete two underground adits to collect additional geological, sampling and metallurgical data and will also carry out a CSAMT geological survey, a technique successfully used at Meridian Gold's geologically similar El Penon deposit in Chile. A second phase of drilling (approximately 3,000 metres) is expected to commence in early 2000. At the Vetaspata property in southeastern Peru, EMC has reported 87 rock panel samples with results averaging 17 grams per tonne of gold from a series of flat-lying mineralized sedimentary horizons or mantos. Two principal underground workings averaged 54 metres at 18 grams per tonne of gold and 32 metres at 40 grams per tonne of gold (both uncut values). EMC recently commenced a 1,500-metre diamond drill program comprising 18 drill holes which should be completed by the end of November or early December with results available shortly thereafter. In addition to Beroen and Vetaspata, EMC has other properties in Ecuador, including the Gaby gold porphyry deposit. The Gaby deposit, on which independent prefeasibility studies have been completed, contains a preliminary reserve estimate of 107 million tonnes grading approximately 0.9 grams per tonne gold or three million ounces of gold. Currently the project is on hold pending higher gold prices. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)