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Gold/Mining/Energy : Prospectors Alliance Corp. (PALL- CDN) -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (161)	1/9/2001 5:09:54 PM
From: Midas	Respond to of 187

Hello Just G: It looks like the company has made some news on the Ni-Cu-PGE play, as well as raised some money and making more news. Midas Explorers To Launch Exploration On High Potential Bescheffer Property Toronto, Ontario - Tuesday, January 9, 2001, 4:00 PM EST Explorers Alliance Corporation (currently trading under its previous name of Prospectors Alliance Corporation, YRP-CDNX Toronto 20,466,121 outstanding shares) plans to conduct a diamond drill program on its 100% owned property in Bescheffer Township Quebec. The initial program of four (4) holes for a minimum of 1000 meters will focus on two sections of the property. The Bescheffer property, located approximately 7 kilometers southeast of Selbaie Mine, is underlain by a hydrothermally altered sequence of felsic volcanics compositionally similar to those hosting the Selbaie deposits. Geophysical surveys, previously completed, have found several induced polarization anomalies within the altered felsic rocks. Soquem Inc. reported in 2000 that they had located two mineralized zones within 800 and 200 meters west of the property boundary. These zones have been estimated by Soquem Inc. in March and May, 2000 respectively to contain 600,000 tons grading 2.80% Cu, 2.80 g/t Au and 750,000 tons grading 2.00% Cu and 0.35 g/t Au. A drill hole collared 25 meters west of the property boundary intersected considerable mineralization with reported assay values of 1.03% Zn, 1.82 g/t Ag over 7.4 meters and 2.41 % Cu, 9.59 g/t Ag over 3.3 meters. There are also several other intercepts over a wide (>100m) thickness of altered felsic volcanics. A PEM survey completed on this hole indicated a wide zone of mineralization to the east. This wide zone would be located on Explorers property where induced polarization anomalies confirm the pulse survey results. Explorers plans to complete two holes in this area. Approximately 7 kilometers to the northeast Soquem Inc. has also reported a gold zone near the north boundary of Explorers property. This zone of unknown size contains intercepts of 6.14 g/t Au over 2.3 meters; 4.37 g/t over 12 meters and 6.38 g/t over 8.0 meters as well as several shorter intercepts including 29.7 g/t over 0.5 meters. The zone is south dipping into the Explorers property where induced polarization anomalies are located. Explorers plans to complete two holes in this area. Explorers is very encouraged by the Soquem results and intends to aggressively explore this high priority target. -30- For further information, please contact: Jean-Claude Bonhomme, President and CEO or Garry R. Stein, Vice- President, Chief Financial Officer and Secretary, Explorers Alliance Corporation at (416) 360-5333 * The map is available on the BCE Emergis website at www.e-newsservices.com .

To: Just G who wrote (161)	1/9/2001 5:18:10 PM
From: Midas	Read Replies (2) \| Respond to of 187

Just G: Here are the Loveland Township Cu-Ni-PGE results. Midas Prospectors Alliance Corporation - Prospectors provides Loveland results Prospectors Alliance Corporation YRP Shares issued 20,466,121 Dec 28 2000 close $.090 Jan 4 2001 10:52:41 Mr. Jean-Claude Bonhomme reports Explorers Alliance (currently trading under its previous name of Prospectors Alliance) has completed three additional holes on its Loveland township property, northeast of Timmins, Ont., held through Explorers' option and joint venture agreement with Falconbridge Ltd. Under the terms of this agreement, Explorers can earn up to a 50-per-cent interest by meeting future expenditure commitments. These holes, EL25-08, EL25-09 and EL25-10, bring the total number of drill holes to seven. Based on these seven holes and drilling completed by previous operators, Explorers has also calculated a tonnage and grade, based on exploration information, of approximately 1.1 million tons grading 0.28 per cent Cu, 0.54 per cent Ni and 0.3 grams per tonne (g/t) platinum group metals (PGE). The three holes completed in December intersected pyrrhotite, chalcopyrite mineralization in disseminated zones within the previously reported gabbroic complex. Drilling has shown the mineralized zones ranging from 2 per cent to 3 per cent sulphides to massive sulphides contain significant copper, nickel and appreciable PGM, including platinum, palladium, and rhodium, with concentrations of cobalt. The following table summarizes the significant assays in holes El25-08, El25-09, and El25-10. Drill hole El25-09 was drilled 260 metres north of previously reported drilling in El25-05 with the intercept approximately 350 metres north. SIGNIFICANT ASSAYS From To Length Cu Ni Co (m) (m) (m) ppm ppm ppm El25-08 130.8 136.0 5.2 2,139 1,154 87 143.8 146.5 2.7 1,946 1,293 91 El25-09 243.6 245.6 2.0 2,245 1,795 131 247.8 251.7 3.9 2,754 2,204 146 El25-10 49.7 63.6 13.9 2,238 1,284 109 incl. 56.8 63.6 6.8 2,326 1,393 105 72.8 74.9 2.1 6,013 3,295 235 From To Length Pt Pd Au (m) (m) (m) ppb ppb ppb El25-08 130.8 136.0 5.2 28 115 28 143.8 146.5 2.7 28 148 19 El25-09 243.6 245.6 2.0 42 233 14 247.8 251.7 3.9 32 185 49 El25-10 49.7 63.6 13.9 27 149 16 incl. 56.8 63.6 6.8 33 233 15 72.8 74.9 2.1 32 213 253 These drill holes have expanded the mineralized horizon to approximately 600 metres along strike. Explorers' continuing compilation of historical data related to this project has revealed that there are several mineralized floats located to the southeast of the present drill area. These floats have returned assays of 3 per cent to 4 per cent Ni and range in size from 0.9 of a metre to 2.4 metres in diameter. The source of the floats is not known at the present time. Based on the seven holes completed by Explorers and approximately 25 holes completed by previous operators, an attempt was made to estimate tonnage and grade to date. The calculation, based on exploration information, was completed using drilled widths, grade/thickness parameters and several informed assumptions. One such assumption is that the PGE from previous work (no reported assays) would be similar to the grades from the recent drilling relative to the copper/nickel assays. The mineralization occurs in two semi-distinct zones which are separated by a few to possible tens of metres of weakly mineralized gabbro and the tonnages shown below are reported separately for each zone. These zones are referred to as the Disseminated zone and the Contact zone. Although the Disseminated zone has been intersected to vertical depths exceeding 220 metres, a vertical depth of 150 metres was used for calculating tonnages. This zone extends for 250 metres along strike and has variable widths of one to nine metres. A total of 518,000 tons grading 0.42 per cent Cu, 0.41 per cent Ni and 0.4 g/t PGE have been estimated for this zone. A gross metal value of $51.00 (U.S.) per ton has been calculated for this zone. The Contact zone intersected by several more drill holes than the Disseminated zone extends over 600 metres in strike length, to a vertical depth of 200 metres. The Contact zone ranges from 0.45 of a metre to 4.5 metres averaging approximately two meters in width. A total of 574,000 tons grading 0.15 per cent Cu, 0.65 per cent Ni and 0.3 g/t PGE have been estimated. A gross metal value of $60.00 (U.S.) per ton has been calculated for this zone. Previous and present drilling have investigated only about 650 metres of the mineralized gabbro and contact zone. The area presently under investigation is associated with a TEM conductor located by Quantec Inc. Previous geophysical surveys and the remainder of the Quantec survey have located several untested anomalies along the projected contact between the gabbro and its host rocks. These anomalies represent high priority drilling targets and a TEM conductor on the north boundary of the gabbro on a group of claims optioned from Moneta Porcupine Mines Inc. is scheduled to be drill tested in January, 2001. Further drilling in the immediate vicinity of the two mineralized zones could at least double the present size estimates. Given that the Enid Creek property as a whole is largely undrilled, it represents a high priority exploration area, and has the potential to contain a Cu-Ni-PGE resource of several million tons. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com