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Gold/Mining/Energy : TWIN GOLD -TWG on tse -- Ignore unavailable to you. Want to Upgrade?

To: Jesse who wrote (515)	11/9/1999 8:56:00 AM
From: alan holman	Read Replies (2) \| Respond to of 577

Twin Gold received permits for increased land position to cover extension of new discovery and 20 km lineament corridor TORONTO, Nov. 9 /CNW/ - Twin Gold Corporation (TSE: TWG) is pleased to announce that the certificates of two further P.E.M.'s, granted by the Quebec Ministry of Natural Resources have been received, confirming its total 100% owned land holdings of 444 sq. km on the East Coast of the Ungava Bay in Northern Quebec. P.E.M. 000 1464 adds 176 sq. km at the NW side and SW side of our discovery claim to cover areas where linear and circular features were observed on aerial photographs of the area. P.E.M. 000 1474 adds 117 sq. km on the S.E. and S.W. side of our original claim to cover the extension of the new discovery, TORNGAT South and the 20 km corridor of lineaments including the diamond bearing dykes TORNGAT 1, 2 & 3. Twin Gold has so far extracted a total of 161 diamonds, including 22 macrodiamonds, from 277 kg of kimberlite. The stones have been of consistent high quality, mostly white and transparent. A sample from TORNGAT 1 dyke, of more than twice the size already reported, is still in process. Results will be reported as soon as they are available. Twin Gold in addition to exploring the diamond prospect on the east side of the Ungava Bay in Northern Quebec is also an emerging producer of a low cost gold mining project of 1 million ounces of gold and 3.2 million ounces of silver reserves in Idaho, U.S.A. -30- For further information: Hermann Derbuch, P.Eng., Chairman, President & CEO, Twin Gold Corporation, Suite 1250, 155 University Avenue, Toronto / Ontario M5H 3B7, Tel.: (416) 777-0013, Fax: (416) 777-0014, Web-site:www.twingold.com, E-mail: Info@twingold.com