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

To: Claude Cormier who wrote (145)	8/10/1999 9:48:00 AM
From: Flea	Read Replies (2) \| Respond to of 585

Big bid at $4.30 this morning: Southwestern Gold's Haoya project drill results Southwestern Gold Corporation SWG Shares issued 15,298,280 Aug 9 close $4.25 Tue 10 Aug 99 News Release Also Global-Pacific Minerals Inc (GPJ) Mr. George Plewes reports Southwestern Gold Corporation and Global-Pacific Minerals Ltd. have completed results from the initial five diamond drill holes of a planned first phase 10-hole drilling program on the CSH prospect within the Haoya project in Inner Mongolia, China. The CSH prospect is an extensive gold mineralizing system which has been traced on surface in 65 trenches along a strike length of 4,800 metres. Gold mineralization is hosted by carbonaceous sediments within a steeply dipping shear zone and is associated with quartz veining and pyrite. The present drill program is designed to test various segments of this extensive gold system along strike and to establish depth extent. Assay results have confirmed the continuity of gold mineralization to a vertical depth of 258 metres on drill section 10,000 east with an intersection of 273.55 metres grading 1.28 grams per tonne gold in hole CSH-3. Details of holes CSH-1 to CSH-5 are outlined in the following table. Results for hole CSH-6 will be released when available. Holes CSH-7 and CSH-8 are in progress. Hole Co-ords. Depth Intersection No. (metres) (metres) From To CSH - 1 10,000E 212.92 56.00 77.68 9799N 148.65 212.92 CSH - 2 10,600E 220.01 105.73 136.94 9868N 185.81 220.01 CSH - 3 10,000E 308.29 17.19 290.74 9742N CSH - 4 10,600E 272.52 41.67 91.42 9812N CSH - 5 7,299E 302.00 25.9 46.09 9877N 133.6 165.45 Hole Interval Assay Comments No. (metres) (g/t gold) CSH - 1 21.68 2.59 Bottomed 64.27 1.45 Minerali- zation CSH - 2 31.21 1.02 Bottomed 34.20 1.01 Minerali- zation CSH - 3 273.55 1.28 CSH - 4 49.75 0.91 CSH - 5 20.19 1.60 31.85 1.08 Two drill profiles 600 metres apart consisting of two holes each were completed near the eastern end of the mineralized zone. Both profiles cut significant mineralization. Holes CSH-1 and CSH-3 collared on line 10,000 E, define the CSH gold zone over a true width of 118 metres. Hole CSH-6 was collared 1,130 metres southwest of profile 10,000 E while hole CSH-5 is a further 1,650 metres to the southwest of hole CSH-6. There are presently two drills operating on the property. Core samples are split with one-half of the core sent to the Ministry of Geology and Mineral Resources Langfang Laboratory with the other half of the core stored on site. The samples are analyzed using aqua regia-AAS at the Langfang Laboratory. All sample pulps are shipped to Chemex Labs in Vancouver for repeat analyses using conventional fire assay with AAS finish. Assay results from the two laboratories are averaged. Global-Pacific is a gold-base metal mining company engaged in mining exploration and development in the People's Republic of China. The company currently operates the Hucun copper/gold mine and is developing the Qian Chang iron-gold-copper deposit, both of which are in Anhui province, China. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com