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To: MMM Mule who wrote (8057)	10/19/1999 3:14:00 PM
From: MMM Mule	Respond to of 19297

News October 19, 13:10 Eastern Time Hanover Gold Acquires the La Tranca Prospect in Chile VERADALE, Wash., Oct 19, 1999 (BUSINESS WIRE) -- Hobart Teneff, president and CEO of Hanover Gold Co. Inc. (OTCBB: HVGO), announced today that the company has signed an agreement with Socidad Legal Minera Tranca for the purchase of the La Tranca silver/gold prospect located in the precious metal rich northern Maricunga belt of Chile. La Tranca is characterized by eight to ten (8-10) mineralized northeast-trending silicified and brecciated structures, 30-200 feet wide and up to 2,000 feet long. The host rocks are stratified Miocene dacite-andesite volcanic rocks overlain to the east by post-mineral ignimbrite sheets that cover high potential areas. Initial surface sampling indicates 8+ opt silver values over 25+ foot widths on several structures. The color anomaly covers an area two miles long by one mile wide. The La Tranca prospect is located 140 miles northeast of Copiapo and 37 miles northeast of Placer Dome's La Coipa operation. The La Coipa operation is currently a world leader in the production of silver (60 m.t. of 0.045 opt gold and 2.2 opt silver). The high grade (+10 opt. Ag) Chimberos deposit of the La Coipa operation lies 15 miles west of the La Tranca prospect. Copyright (C) 1999 Business Wire. All rights reserved.