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To: myturn who wrote (25630)	2/8/2000 9:24:00 AM
From: Jim Bishop	Read Replies (3) \| Respond to of 150070

HCCAE news $7 BILLION! possible. Hexagon's Silver Valley Claims Estimated to Contain Over $7 Billion in 'Possible' Precious Metals Reserves RENO, Nev., Feb. 8 /PRNewswire/ -- Maurice Furlong, president and chief executive officer of Hexagon Consolidated Companies of America, Inc. has (''HCCA'') (OTC Bulletin Board: HCCAE - news), announced today that a recent report by John Heter Mining & Development Co. (Calif.), estimated the value of ''possible'' reserves contained in Hexagon's Silver Valley Claims to be in excess of $7 billion. The company's Silver Valley Claims are located on approximately 200 acres near Barstow, Calif. Based on whole rock density of 120 lbs. per cubic foot, and an estimated 10.9 million tons of rock, a composite sample made from 11 individual surface samples incorporating four contour levels ranging from 3700 to 4000 feet produced assay results indicating the presence of gold at the rate of 0.28 ounce per ton and platinum at the rate of 1.5 ounces per ton. The classification of ''possible'' ore represents the first step toward ''proved'' reserves, which are obtained as a result of enhancement by drilling to further assess the precious metal content. According to Furlong, the company expects to commence further assessment of the aforementioned reserves in May 2000. Consistent with standard industry practice, this will consist of core drilling, which may permit the immediate conversion of ''possible'' reserves to ''proved'' reserves. Over the past ten years, gold production has been reported by a small-scale recovery operation at the Azucar Mine located within the current mining claims. Recently, platinum group metals and lanthanides have been reported in assays from the Azucar Mine, and surface sampling of the ''gangue'' rocks composed of Mesozoic plutonic rocks (quartz monazite) and altered Miocene volcanic rocks (diorite). This surface sampling indicated that the 200 acres may contain sufficient metal values to mine and extract the high-value components from the whole rock. An additional approach is to mine the quartz vein containing higher values of precious metals. The quartz vein has been mined intermittently for many years. In 1941, according to a report by the Bureau of Mines, 6 ounces of gold were recovered from 20 tons of ore from the Azucar Mine quartz vein, an inclined shaft 125 feet deep with 125 feet of drifts. ''While we remain keenly focused on recovery from our precious metals ore inventory in Skull Valley (Ariz.), we are enthusiastic about these preliminary findings on our Silver Valley Claims and intend to follow the report's recommendation to make verification of assay values and pilot scale extractive metallurgy first priorities for the enhancement of our reserves,'' said Furlong. Hexagon Consolidated Companies of America, Inc. is a company with interests in mining, health care, music publishing and real estate. NOTE: This news release contains statements that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are inherently uncertain, and the company's actual results may differ from management's expectations. Further information on potential factors that could affect the financial condition and results of operations of the company are included in the filings of the company with the Securities and Exchange Commission. SOURCE: Hexagon Consolidated Companies of America, Inc. More Quotes and News: HEXAGON CONS (OTC BB:HCCAE.OB - news)