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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS) -- Ignore unavailable to you. Want to Upgrade?


To: PHILLIP FLOTOW who wrote (1228)10/11/2000 10:41:50 AM
From: Sunny Jim  Read Replies (1) | Respond to of 1336
 
Great to see that. Analysts are some of the worst timers with respect to their recommendations..."buys" after the stock has peaked and "holds" when the stock is ready for a break-out. You have to really wonder what the motive of a downgrade at this point in time is. PGMs holding strong and the company making good progress on the mine expansion and production problems. Looks like a great time to buy some more.



To: PHILLIP FLOTOW who wrote (1228)10/11/2000 1:34:27 PM
From: rdww  Read Replies (1) | Respond to of 1336
 
Think they read this release and figgered that SWC missed out on something?

Trend Mining Increases Land Position at Lake Owen Platinum Project in
Wyoming

COEUR D' ALENE, Idaho, Oct 10, 2000 (BUSINESS WIRE) -- Trend Mining Company
(TRDM) is pleased to announce that it has substantially increased its land
position at the Lake Owen Platinum Group Metal Project in Albany County,
Wyoming.

Trend located 407 additional claims between March and June 2000, bringing the
total number to 606 unpatented lode claims covering over 12,000 acres.

The Lake Owen property is a platinum-gold-palladium occurrence hosted in an
extensive layered igneous intrusive complex with a lateral dimension of
approximately four by six miles. The complex is about 1.4 billion years old and
occurs as a steeply dipping body of rock along the margin of the Archean Wyoming
Province. The exposed stratigraphic thickness of these rock units is
approximately 20,000 feet.

A previous mining company discovered PGM occurrences and initiated geological
reconnaissance exploration at Lake Owen in the 1980's, which included detailed
surface geologic mapping, geochemical sampling, and geophysical surveys. This
company later completed thirteen diamond-drill holes totaling approximately
5,200 feet in the 1980's and early 1990's. Drilling consisted of relatively
shallow angle holes generally less than 250 feet in vertical depth, and
encountered several zones of anomalous to ore-grade platinum group metal
mineralization.

In 1999 Trend Mining Company entered into a three-year option agreement that
allows Trend the right to earn a 100% interest in the property. To exercise the
option, Trend is required to spend not less than $750,000 USD on exploration and
property payments by the end of July 2002. Trend has completed all property
payments and exploration required to date, with approximately $600,000 in
exploration work remaining to be completed. Upon completion of the earn-in, the
property is subject to a 4% net profits royalty.

Four separate zones of anomalous platinum group metals mineralization have been
identified at Lake Owen. The upper zone has been traced for about six miles
along strike. The middle zone is about 1,500 feet stratigraphically below the
upper zone, while the lower zone is situated approximately 5,500 feet
stratigraphically below the upper zone. Surface geochemical sampling identified
one additional platinum group metal zone, although the outcrop exposure in this
fourth zone is limited and the extent of the anomaly has not yet been defined.

Earlier this year, Trend obtained all available drill core samples and commenced
a comprehensive re-logging program. The company plans to commence assaying later
this year on portions of drill core that have not been previously assayed for
platinum group metals.

Last month, the company announced the appointment of three new board members to
complete the formation of its PGM exploration team. Appointments included
Michael Sharratt, former President and Vice-Chairman of Stillwater Mining
Company; Dr. Ishiung Wu, former Chevron exploration manager and PGM task force
leader who holds a PhD in Economic Geology from Harvard University; and Jeffrey
Christian, Managing Director of CPM Group, one of the world's leading metals
consulting firms. Christian also serves as President and Director of the
International Precious Metals Institute.

Trend Mining Company is a leading Platinum Group Metal Exploration company with
property holdings throughout North America at 13 separate sites covering over
92,000 acres (143.8 square miles).

This press release contains forward-looking statements involving substantial
risks and uncertainties, which cannot be predicted with accuracy. The Company's
forward-looking statements are to future events which the Company cannot
accurately predict or control.

CONTACT: For Trend Mining Company
Kurt Hoffman, 208/664-8095