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Gold/Mining/Energy : Latitude Minerals LTU.V -- Ignore unavailable to you. Want to Upgrade?


To: bcjt who wrote (344)4/5/2000 9:15:00 PM
From: bcjt  Read Replies (1) | Respond to of 366
 
Permit Approved for Phase II Drill Program at Pan Gold Deposit

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SPOKANE, WA, April 5, 2000;Latitude Minerals Corp. (LTU.CDNX)
is pleased to announce it has received full approval from the Bureau of Land Management to begin the Phase II Drill Program at the Pan Gold Deposit, located at the southeast portion of the Battle Mountain-Eureka Gold Trend, White Pine County, Nevada.

The Phase II Program will consist of 23 holes (8,000 feet) designed to test several high-grade northeast- and northwest-trending cross structures identified during the Phase I Program. Drilling will also test continuity and step-out potential along the 3.5 mile long mineralized gold system. Surveying for hole locations and construction of access roads and drill pads will begin immediately. Drilling is scheduled to begin April 14, 2000.

The purpose of this phase of drilling is to check previously untested high-grade structures in both the North and South Pan deposits. During the 1999 drill program, hole 416 at the Middle Pan target produced a 50 ft mineralized intercept that started at surface. The company considers hole 416 to be a discovery hole and has slated 5 new step-out holes in order to test the extent of mineralization in the area.

Upon completion of a successful program, the Company will aggressively pursue targets defined at Pilot Ridge and Middle Pan during the next round of drilling, which is slated for Summer 2000.

Latitude Minerals Corp. is a junior exploration company engaged in exploring and developing a number of advanced-stage gold deposits in the western United States. The company is also evaluating a number of additional opportunities in the Americas.

For more information:
Toll Free: 1-800-265-7646
info@latitudeminerals.com
latitudeminerals.com

On Behalf of the Board
John R. Carden, Ph. D.
President
Latitude Minerals Corp.

bcjt