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Gold/Mining/Energy : Southwestern Gold -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (76)	7/8/1999 12:49:00 PM
From: terry	Read Replies (1) \| Respond to of 585

Howy...here it is. Terry Southwestern Gold Corporation - Global-Pacific and Southwestern complete four Haoya holes Southwestern Gold Corporation SWG Shares issued 15,298,280 1999-07-07 close $3.6 Wednesday Jul 7 1999 See Global-Pacific Minerals Inc (GPJ) News Release Mr. Rui Feng reports Global-Pacific Minerals, in partnership with Southwestern Gold Corp., is exploring the 1,300 kilometre CSH prospect, on the Haoya project, Northern China. The CSH gold prospect, located the eastern part of the Haoya project, was defined by 65 trenches, a decline and a shaft/crosscut. Surface gold mineralization has been traced in trenches over a continuous strike length of 4,800 metres. Four drill holes have been completed to depths of 220 metres to 308 metres, totalling 1,020 metres. All drill core is sawed and then assayed in Canada and in China. The first four holes were designed to test the eastern part of the CSH prospect. DDH2 and DDH4 are spaced about 50 metres apart on line 106, above the decline. Sampling the 103 metre long decline assayed 1.5 grams per tonne gold over the entire length. DDH1 and DDH3 are also spaced at 50 metres apart on line 100, 600 metres west of holes DDH2 and DDH4. Holes DDH5 and DDH6 have been started and are testing the west and central parts of the CSH prospect. DDH6 is located on line 89, 1,700 metres west of DDH2 and DDH4. DDH5 is located on line 73, 3,300 metres west of DDH2 and DDH4. Strong mineralization consisting of quartz-pyrite veinlets developed along intense foliation of carbonaceous slates has been intercepted in the first four holes. Assay results for the first four holes are expected by month's end. The Southwestern (70 per cent)/Global (30 per cent) joint venture can earn 80 per cent of the Haoya project (including the CSH prospect) by spending $2.5-million (U.S.) on exploration and making certain cash payments over a three-year period. Once the option is exercised, Southwestern will have a 56-per-cent working interest, Global 24-per-cent and the Chinese partner 20-per-cent. Further exploration expenditures will be on a pro rata basis. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com