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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (2576)	11/20/1999 2:56:00 PM
From: jocko	Read Replies (1) \| Respond to of 2635

Thought ya might like to see this SH post :-) stockhouse.com

To: jocko who wrote (2576)	12/2/1999 2:25:00 PM
From: rohheck	Read Replies (1) \| Respond to of 2635

Just recieved this via e-mail. know everyone is anxious about the drilling results: Mirandor Exploration Inc MIQ Shares issued 19,409,536 Dec 1 close $0.05 Thu 2 Dec 99 News Release Mr. Gilles Laverdiere reports Exploration Mirandor has received the final report concerning the 1999 exploration program on the Railroad project in the Carlin trend of Nevada. Only 22 reverse circulation drill holes and one core hole were completed by Kinross in 1999. As well, only 910 soil and rock samples were collected for geochem exploration work as compared with 3,449 in 1998. According to Kinross, the project was reduced in scope due to unfavourable gold economics. Results from the program are as follows: HOLE AREA DISTANCE FROM TO AU (feet) (feet) ounce/ton K99-1 EHR 25 375 400 0.0562 K99-1 EHR 10 445 455 0.0413 K99-2 EHR 10 305 315 0.0293 K99-2 EHR 15 375 390 0.0549 K98-2 EHR 10 650 660 0.0145 K99-3 EHR 20 740 760 0.0178 K98-4 EHR 5 320 325 0.0654 K98-4 EHR 15 800 815 0.0153 K99-5 EHR 20 715 735 0.0158 K99-6 EHR 15 145 160 0.0163 K99-6 EHR 30 320 350 0.0332 K99-6 EHR 40 420 460 0.0237 K99-6 EHR 75 510 585 0.0206 K99-7 BMF 5 585 590 0.0168 K99-7 BMF 30 595 625 0.0245 K99-9 BMF 15 5 20 0.0619 K99-16 BMF 20 335 355 0.0199 K98-17 BMF 55 565 620 0.0211 K99-17 BMF 30 635 665 0.0156 K98-17 BMF 15 705 720 0.0166 K98-17 BMF 15 725 740 0.0204 K99-17 BMF 10 755 765 0.0183 K99-19 BMF 10 610 320 0.0255 The drilling results demonstrate the continuity of gold mineralization and alteration at the Elliot High Ranch area, and low-grade mineralization in the BMF area (Bald Mountain fault). However at BMF, the indicated depth to possible mineralization is greater then 1,000 feet, generally deeper than drilling to date. At the LT area, only one core hole was carried out to a depth of 925 feet. A second hole was abandoned at a depth of 88 feet and not reattempted. More holes were planned here, but the program was discontinued due to the unfavourable gold price. The 1999 program was disappointing in that less then half of the planned field season was completed. Kinross had indicated to Mirandor that it wished to substantially reduce its exploration commitment to the Railroad project, citing unfavourable gold economics. Mirandor was willing to make certain adjustments but not to the extent requested. Exploration Mirandor is now reviewing the results and planning a new exploration program. The Railroad project, consisting of some 55 square miles, is centred on the southern end of the Carlin trend, and lies at the intersection of the NW-SE Carlin trend and the N-S Pinon anticline structure. It is located within a Carlin erosional window exposing at surface favourable lower plate sedimentary rocks. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com