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Gold/Mining/Energy : PVO.V Peruvian Gold - next big Canadian Internut? -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (15)	9/17/1999 9:19:00 AM
From: David Michaud	Respond to of 16

We are pleased to deliver an email version of today's Canaccord Capital Morning Coffee directly to you. For a more complete version that includes tables and graphs please visit our web site at canaccord.com Morning Coffee Daily Market Headliners Friday, September 17, 1999 Andrew Muir, CFA, Mining Analyst andrew_muir@canaccord.com This publication is a market commentary not to be construed as a source of buy or sell information MARKET PULSE N DJI -63.96 77,204,100 T TT -45.98 60,144,977 V VV +.01 18,003,564 T GL +12.05 Discouraged by the prospect of rising interest rates, investors knocked Toronto and U.S. stocks down again Thursday. Declines exceeded advances 597 to 385 as 12 of the TSE's 14 stock groups fell Thursday. Money seems to be leaving the market. The TSE financial services sub-index fell 1.37%. Mining company Inco Ltd. fell 0.15 to 33.60, as nickel prices rose after news that Inco has started to shut down its Thompson plant in Manitoba after workers rejected the company's contract offer. In October gold price rose 10 U.S. cents to US$256.70 an ounce. Internet auction company Bid.Com International Inc. fell 0.70 to 8.90 after saying it will raise C$25 million through a special warrant financing. HEADLINERS PACIFIC RIM MINING ("PFG-T") - has signed a final agreement to option 100 % interest in the Luicho gold Project. Luicho is located 540 km southeast of Lima in the Ayacucho Department, Parincochas Province. This acquisition is subject to approval by The Toronto Stock Exchange. The Luicho Project is a low-sulfidation epithermal prospect. Mineralization is contained within quartzites and breccias and is controlled by stockwork quartz veining within these units. Pacific Rim has collected 431 continuous rock chip samples at Luicho from surface outcrops and historic underground workings. These samples ranged from 5 to 45 meters in length. The average of all 431 samples is 1.57 g/t gold. Of these, 59 percent exceed 0.31 g/t gold and 41 percent exceed 0.62 g/t gold. These higher grade sample groups average 2.56 g/t gold and 3.52 g/t gold respectively. The majority of the samples that exceed 0.62 g/t gold occur within a wedge-shaped fault block that is 1.2 kilometers long and from 150 to 400 meters wide, with an apparent vertical relief of at least 300 meters (280M tonnes). INFOWAVE SOFTWARE ("IWM-V") - has signed a development agreement with New Motion International Co., Ltd., a manufacturer of Apple(R) Macintosh(R) and PC computer peripherals. Under the terms of the agreement, New Motion agreed to package Infowave's award-winning PowerPrint software in-box with New Motion's iDock(TM). The iDock is a six port hub that increases the peripheral compatibility of an iMac. It enables iMac users to connect to a wide variety of peripherals such as printers, scanners and modems with serial and parallel ports that would otherwise be incompatible with the iMac. CompuCable will position the iDock as the flagship of its iPeripheral line of iMac accessories. According to PC Data, approximately 2 million iMacs have been sold since its launch on August 15, 1998, making it the top selling desktop computer in the retail market. PERUVIAN GOLD ("PVO-V;PRVGF-L") hole 2 of a recently completed 3-hole drill program has intersected a 31.4 metre (103 feet) zone of silver, lead, zinc mineralization assaying 318 g/t silver, 8.65 % zinc and 5.53 % lead. This is the thickest intersection yet encountered at Silvertip and is thought to be the first major intercept of feeder style "chimney" mineralization. Silvertip is a carbonate replacement deposit with similar geological characteristics to the large, high grade Gilman (Colorado) and Santa Eulalia (Mexico) deposits. Previous drilling at Silvertip has established a resource of 2.57 M tonnes of flat lying "manto" style mineralization grading 325 g/t silver, 8.8 % zinc and 6.4 % lead. The significance of the Hole 2 intercept is that chimney style mineralization, which is normally thicker and more continuous than the "manto" style mineralization, could greatly increase the value of this resource. Current exploration is funded by Peruvian under an option from Imperial to acquire a 60 % interest for property expenditures of $5 M. The Peruvian option is subject to a 20 % buy back right in favor of Imperial for subsequent property expenditures of $2 M.