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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (22389)	1/29/2000 3:15:00 PM
From: Don Billins	Read Replies (1) \| Respond to of 36688

MAI,v from CC Jan12 52-week price range: $1.00-$0.16 Shares O/S: basic 23.6M, fully diluted 27.8M Major shareholder: N. Degerstom, 21% Weekly trading volume: 117,500 Working capital: $1.3M Long-term debt: nil Exploration over the past three years has defined nine Au/Ag targets with follow-up drilling on several of the targets confirming the potential for economic deposits. For example, early in 1999 drilling on the Huevos Verde high-grade vein system confirmed the targets over 2.0 km. strike with the best hole yielding 7.0 m of 9.7 g/t Au and 630 g/t Ag. Although this zone is budgeted to receive further exploration focus, in the first phase of this seasons program the company is returning to the Saavedra West zone. This is occurring because over the past year geologic re-evaluations has defined what is hypothesized as a large, sub-surface, structurally controlled, volcanic/sedimaentary basin that offers the potential to host a bulk-tonnage, disseminated precious metals deposit. In 1998 drilling at Saavedra West identified an area of exposed breccia pipes as being mineralized and five holes in the Discovery Hill area yielded assays up to 6.0 m of 61 g/t Au and 1,647 g/t Ag. Other reported drill hole values included 21 m of 6 g/t Au and 874 g/t Ag as well as 15 m of 7.5 g/t Au and 677 g/t Ag. Subsequent mapping, structural interpretive work, and geophysics suggested that the Au and Ag hosted within the breccia bodies might represent upward fluid migration from a deeper-seated, basin-hosted source. The geophysics identified a target roughly 1.0 km by 500 m in size, about 100-300 m below surface. The drill program is specifically focused at testing this hypothesis. Three holes of at least 250 m are planned. In addition, we would not be surprised if this junior also completed further drill holes at the Huevos Verde vein. PHNPI