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Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (374)	10/29/1999 3:00:00 PM
From: jocko	Read Replies (1) \| Respond to of 598

Hi all I am posting the NR on this board as a FWIW..... I am sure glad Alen Sheito is running our show :-) I also happan to believe that MIQ is better off..... as indicated in the NR. Cheers EXPLORATION MIRANDOR INC. PRESS RELEASE October 29, 1999 Exploration Mirandor Inc. (MIQ-ME), announces that Kinross Gold Corp. and Mirandor Inc. have terminated their joint venture project on the Railroad project in the Carlin Trend of Nevada. Previously, Kinross Gold Corp. had indicated that they wished to substantially reduce their earn in requirements and exploration commitments on the project citing the current difficult gold environment. Exploration Mirandor was willing to make certain adjustments to the joint venture but not to the extent requested by Kinross. Exploration Mirandor Inc. will now manage its own exploration program on the Railroad project, which has been the site of successful exploration programs in the past. According to Kinross, results from the 1999 program will be available by the 1st week of November. Exploration Mirandor will be reviewing these results and a new exploration program will be designed. It is in the opinion of Mirandor's management that this joint venture was very beneficial to the company as work done by Kinross has improved the knowledge we now have on the Railroad property and resulted in the discovery of the highly promising Bald Mountain area. The Railroad project, consisting of some 55 square miles, is centered on the southern end of the Carlin Trend, and lies at the intersection of the NW-SE Carlin Trend and the N-S Piñ on anticline structure. It is located within a Carlin erosional "window" exposing at surface favorable lower plate sedimentary rocks. For more information, please contact: Mr. Gilles Laverdière, president Montreal office Tel: (450) 651-6701 Fax: (450) 651-8049 Val-d'Or office Tel: (819) 825-9065 Fax: (819) 825-1199