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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Nexus who wrote (12317)	11/19/1999 10:38:00 PM
From: Quickdraw	Read Replies (1) \| Respond to of 14627

Another cannacord update: PACIFIC RIM MINING (PFG : TSE : $1.72)Additional Surface Sampling at Luicho Raises Average Grade by 31% - The company has provided an update on the Luicho low-sulphidation epithermal gold property in Peru and reported that the average grade from 1,600 samples collected is roughly 31% higher than the previous average grade of 1.57 g/t Au and now averages 2.06 g/t Au in an area 1,500 metres in length by up to 400 metres wide. This has been further broken down into three zones, the Northeast, Central, and South, located within a more clearly defined structural corridor where 1,177 samples have been extracted. The average grade within this corridor is 2.66 g/t Au with the Central zone yielding an average of 3.66 g/t Au in an area 550 by 250 metres in size. Surface exploration is to continue well into the new year with ongoing mapping and sampling as well as landsat imaging, to provide further details on gold distribution and on the structural and geologic setting at Luicho. To allow for drilling, the construction of road access is to begin in January and PFG has an initial 12,000 metre drill program planned. This program is likely to begin late in Q1/00. In Luicho, PFG has acquired an option to earn a 100% interest in a target with multi-million ounce potential. The target size identified to date, within a favourable geologic environment, certainly supports this potential. As this is, however, a grassroots prospect, the risk leverage is high and as such we recommend this company as a SPECULATIVE BUY for risk accounts only.