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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: EtTuBrute who wrote (22400)	6/14/2000 2:30:00 PM
From: Handshake™	Respond to of 25548

USL University of Southwestern Louisiana.....decided to challenge LSU for some of the glory so the name change... also why does Liller's name sound familiar? Wednesday June 14, 2:03 pm Eastern Time Press Release SOURCE: Gammon Lake Resources Inc. Gammon Lake Intersects Bonanza Grades of 51.56 Grams per Tonnes Gold and 1681 Grams (1.681 Kg) per Tonne Silver for a Gold Equivalent (eAu) of 85.18 Grams per Tonne Over 3.05 Meters Width (Gold Equivalent based on 50:1 silver:gold using $265.00 gold and $5.30 silver) TSE Symbol: GAM Issued: 15,951,374 Shares DARTMOUTH, NS, June 14 /CNW/ - Gammon Lake Resources Inc. is pleased to report that its current drill program has intersected bonanza grades of 34.8 g/t Au and 1158 g/t Ag for a Gold Equivalent (eAu) of 57.92 g/t eAu over 4.57 meters at the Refugio Area of the Ocampo Project. Included was a section of 3.05 meters at 51.56 g/t Au and 1681 g/t Ag for a gold equivalent of 85.18 g/t. This newly discovered mineralized area was found in what had been considered waste rock adjacent to the main structure. Results from ODH-82 through to ODH-87 further show continuity of mineralization and reinforce the belief that the project is amenable to open pit bulk mining methods. Results to date continue to be very encouraging and show that gold and silver are of equal economic importance at Ocampo. The holes reported herein represent the next six sequential drill holes completed and assayed in the current drill program. The following are the averages for holes ODH-82 to 87 ------------------------------------------------------------------------- Hole From To Interval (m) (m) (m) Au g/t Ag g/t eAu g/t ------------------------------------------------------------------------- ODH-87 172.42 199.42 27.00 0.46 25.19 0.96 ------------------------------------------------------------------------- includes 172.42 184.42 12.00 0.83 41.8 1.67 ------------------------------------------------------------------------- ODH-87 108.51 113.08 4.57 34.8 1158.00 57.96 ------------------------------------------------------------------------- includes 108.51 111.56 3.05 51.56 1681.00 85.18 ------------------------------------------------------------------------- ODH-86 117.65 161.85 44.2 0.70 29.30 1.29 ------------------------------------------------------------------------- includes 125.27 132.89 7.62 1.00 34.84 1.70 ------------------------------------------------------------------------- and 142.04 157.28 15.24 1.05 48.90 2.03 ------------------------------------------------------------------------- ODH-85 111.71 152.86 41.15 0.75 37.79 1.51 ------------------------------------------------------------------------- includes 111.71 126.9 15.19 0.75 48.90 1.73 ------------------------------------------------------------------------- And 142.19 152.89 10.7 1.49 65.74 2.80 ------------------------------------------------------------------------- ODH-84 12.50 26.22 13.72 0.79 46.02 1.71 ------------------------------------------------------------------------- ODH-83 57.00 93.58 36.58 0.82 22.89 1.28 ------------------------------------------------------------------------- includes 57.00 73.76 16.76 1.30 25.82 1.82 ------------------------------------------------------------------------- ODH-82 151.49 177.40 25.91 0.56 21.48 0.99 ------------------------------------------------------------------------- (Gold Equivalent based on 50:1 silver:gold using $265.00 gold and $5.30 silver) The 4.57 meters of 57.96 g/t eAu intersected in ODH-87 is hosted in the Alma structure. ODH-87 is the first hole to test this structure. The newly discovered mineralized structure is located in the footwall of the Refugio shear zone. This intercept is significant in that it may fall within the boundaries of a potential open pit at the Refugio shear zone. Four drill rigs are turning on the property at Ocampo at present and geological sampling, mapping and drilling has been expanded. Gammon Lake has eight of its own geologists on the property, four drill crews, 61 workers and has retained the services of three independent structural geologists to perform analytical studies. The expansion of the work force on site and the addition of the structural experts, enables Gammon Lake to map and sample its entire project, identify drill targets for the drill crews and continue to increase the data necessary to support the calculation of a measured resource at Ocampo. All sampling, mapping and drill data, together with all expert analyses are being shared with the major mining companies which have expressed interest in the Ocampo project and are continuing their due diligence on Gammon Lake's property. Gregory K. Liller, Vice President Exploration of Gammon Lake Resources Inc., is the qualified person responsible for the technical results reported in this news release. Gammon Lake Resources Inc. is a Nova Scotia based mineral exploration company with properties in Canada and Mexico. The company's website is www.gammonlake.com. CAUTIONARY STATEMENT No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Gammon Lake, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Gammon Lake's expectations are exploration risks detailed herein and from time to time in the filings made by Gammon Lake with securities regulators. For further information please contact: Terence Donahoe, Q.C., Chairman of the Board & Senior V.P., Inquiries and Investor Relations, Gammon Lake Resources Inc., tel: (902) 468-0614, fax: (902) 468-0631