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Gold/Mining/Energy : DRILL RESULTS?....Who cares? -- Ignore unavailable to you. Want to Upgrade?

To: wharryr who wrote (20)	9/24/1999 1:52:00 PM
From: geoffreycs	Respond to of 33

EXPLORATION ON THE PEDRA BRANCA PROJECT COMMENCES Altoro Gold Corp. (VSE - ATG) is pleased to announce that phase one of the exploration program has commenced at its Pedra Branca platinum - palladium project, located 250 kilometers southwest of the port city of Fortaleza, Brazil. The known platinum - palladium mineralization (PGM) occurs at surface over a strike length of 40 kilometers and is associated with chromitite layers and with disseminated sulphide zones within the ultramafic rocks of the Pedra Branca Complex. Phase one of the exploration program includes trenching and channel sampling of known PGM bearing chromitite and serpentinite outcrops; ground magnetic surveys to define the extent of mineralized serpentinites which have a distinct magnetic signature; and the continuation of reconnaissance mapping of the prospective horizons around the Pedra Branca ultramafic complex. This first phase of the exploration is scheduled to be completed by late October and will be followed by a minimum 2000 meter diamond drill program. The drill program will be designed to confirm shallow PGM resources already defined and to test for strike and dip extensions within the Trapia 1 West and Esbarro mineralized bodies. It is anticipated that additional drill targets will be identified in the coming months. Altoro has secured control over the majority of the prospective zone including all known chromitite and PGM outcrops surrounding the ultramafic complex. The Company expects that the surface exposures and shallow nature of the PGM mineralization will allow for inexpensive and effective exploration that will provide rapid results. On Behalf of the Board David O?Connor, President - Phone: (011-591) 277-0958 Steve Swatton - Phone: (604) 718-9079