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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (511)	6/25/2002 2:53:16 AM
From: VAUGHN	Read Replies (1) \| Respond to of 613

Hello Valuepro The market would certainly appreciate it, but I, and I suspect Rio Tinto & DeBeers would be more interested to hear that ground crews had commenced drilling those other ten magnetic anomalies. I suspect the market would be more rewarding when hopefully intrigueing findings start flowing from the establishment of the potential of those other pipe targets (expanding the economic base of this deposit and possibly increasing the overall grade). What are the odds that FT, the first of over 15 known (probable) pipes to be sampled, had the highest grade, coarsest average grade and highest quality goods hence most valuable ore? Are the odds reasonably good that one or more of the other pipes has even more attractive numbers?! Regardless, if only 8 of the 15 prove to have similar numbers to FT's and it took 20 years to mine FT out, what would the life of a JI mine be with 4 more similarly sized and grade pipes and 4 of assorted sizes between 10 and 2 hectares? What is the acquisition potential and/or what would the multiple the market would assign a free market Canadian diamond mining company's stock with a mine life not of 20, but of well over 100 years, when all major pipes have ore depletion lives of less than 20 years, many within 12 years and almost all lying within 3rd world countries where assurance of tenure is less than predictable? Even new mines like Elendale, Ekati & Diavik will be depleted over the next 20 years. If TWG proves up interesting numbers for those other targets... Regards Vaughn

To: Valuepro who wrote (511)	7/2/2002 11:34:38 AM
From: VAUGHN	Respond to of 613

Hello Valuepro Another NR with some relevant data we can use to model possibilities at JI: Final approval received for the Camafuca Diamond Project TORONTO, July 2 /CNW/ - SouthernEra Resources Limited is pleased to report that the Council of Ministers of Angola has approved the operating agreement for Project Camafuca and authorized the formation of the operating company, Sociedade Mineira do Angola, Lda (SMC). Project Camafuca is located in the Lunda Norte province of northeastern Angola, approximately 20km southwest of the town of Lucapa. - MIDDLE OF NO WHERE!!! In April 1997 SouthernEra entered into a five-year joint venture prospecting agreement with Endiama, the Angolan state diamond mining company. In April 2000 Welox Limited, a member of the Leviev Group of companies, was introduced as a financial partner to fund the completion of the feasibility study and the capital development of Camafuca. Welox Limited will fund 100 percent of the capital required for the development of the Camafuca mine. In January 2001 it was reported that SouthernEra's joint venture partners had accepted the Camafuca feasibility study. This study indicated a total inferred mineral resource of 209.5 million cubic meters to a depth of 145 meters containing 23.24 million carats valued at $109 per carat. During the 60- month phase 1 period, mining operations will concentrate on the southeast corner of Camafuca where 6.13 million cubic meters of material will be dredged with an average grade of 0.18 carats per cubic meter and a value of $117 per carat. Total operating costs are expected to be $55 per carat. The independent competent person on the Messina Resources was E.M.W. Skinner. BSc. Hons. MGSSA, PR Sci Nat. At the commencement of negotiations for the operating agreement, SouthernEra's indicated gross interest was 32 percent, with two 7 percent net profit interests (NPI's) owing to third parties. SouthernEra has now been relieved of these NPI's, retaining an unchanged 18 percent net interest in Sociedade Mineira do Angola, Lda (SMC). This interest is held through SouthernEra's subsidiary company SouthernEra Angola Lda. All costs incurred by SouthernEra related to the feasibility will be recovered from SMC's operating profits. Following the incorporation of the operating company and the issuance of the necessary mining licenses it is anticipated that production at Camafuca could commence within 12 months. SouthernEra's President and CEO, Patrick Evans said: "The final approval of the Council of Ministers represents an important step forward for SouthernEra's interests. Since the signing of the peace agreement in Angola last April, the prospects for the successful development of Camafuca have improved considerably. Through our secured interest in Camafuca SouthernEra will participate in one of the world's largest, long-life diamond mines. We expect SouthernEra shareholders to benefit from the successful development of Camafuca for years to come." SouthernEra Resources Limited is an independent producer of platinum group metals and diamonds. The company also has an extensive PGM and diamond exploration program. The common shares of SouthernEra are traded under the symbol SUF on the Toronto Stock Exchange. Regards Vaughn

To: Valuepro who wrote (511)	7/10/2002 12:35:35 PM
From: VAUGHN	Read Replies (1) \| Respond to of 613

Hello Valupro *OFF THE WIRE* Twin Mining's Jackson Inlet Core Drilling Program Establishes Depth Extension of Freightrain and Cargo1 Pipes TORONTO, July 10 /CNW/ - Twin Mining Corporation ("Twin Mining") (TWG - TSX) today announced that it has received micro-diamond results from the Cargo1 and Freightrain kimberlites located at its Jackson Inlet property. Diamond extraction and analysis from NQ drill core (47mm diameter) indicated continuity and reproducibility of diamond grade comparing pit sample results with drill core data of up to 206 meters (676 feet) vertical depth at Freightrain and 150 meters (492 feet) vertical depth at Cargo1. These are the deepest sampled kimberlite intersections in the respective pipes (see press releases of October 15, 2001 and October 31, 2001 respectively). Important conclusions of the analysis conducted by AMEC E&C Services ("AMEC") are: - The Freightrain drill hole and mini-bulk sample results are consistent with one another and support the previously modeled grade of 0.4 ct/tonne obtained from the fall 2001 mini-bulk samples. - Micro-diamond data obtained to date from both the Freightrain and Cargo1 pipes indicate that both are low in micro-diamond content which limits the ability to use micro-diamond data from small samples to reliably predict macro-diamond grades. - The results therefore should be considered as indicative, rather than conclusive. A numerical comparison of diamond counts per unit mass between Jackson Inlet and other Canadian diamond plays is not meaningful - Such data should primarily be used to prioritize targets for larger scale follow-up sampling. AMEC recommended: - The extraction and processing of a 20 tonne sample from the Cargo1 pipe for a preliminary estimate of the macro-diamond grade. - More detailed follow-up sampling program be carried out on the Freightrain pipe to more fully understand the geology of the kimberlite body and to investigate the potential for higher grade areas using micro-diamond analysis. This investigation should include an assessment of the extent of the floating limestone reefs within the kimberlite. Twin Mining's field team has now arrived at Jackson Inlet to continue its exploration effort on the additional 12 anomalies previously identified through airborne magnetic surveys. The program calls for a ground magnetometer survey, gravity survey, soil sampling and drilling of these anomalies with the objective of defining large tonnages of highly diamondiferous kimberlite. Results: Diamond extraction and analysis from each kimberlite was performed by Lakefield Research Limited ("Lakefield") with the following results: << Cargo1 : -------- The core holes CG1-01 and CG1-02 recovered 924.72kg of kimberlite core (see press releases of August 12, October 15 and December 13, 2001). The two holes are believed to have penetrated the southwest and northeast edge of the kimberlite body. Both holes crossed two distinct facies within the kimberlite pipe: a coarse olivine macrocrystic autolithic rim, and a dark weakly ashy core zone that appears to be distinctly crater facies. It is encouraging to note that there are higher-grade sections, similar to the one reported in the press release of December 13, 2001, along the length of the holes. Cargo1 - Diamond Summary ------------------------------------------------------------------------ Hole Number Sample weight Number of Diamonds (kg) ----------------------------------- Micro Macro() (-0.5mm) (greater than 0.5mm) ------------------------------------------------------------------------ JI-CG1-01 336.31 65 9 JI-CG1-02 588.41 115 34 ------------------------------------------------------------------------ Total 924.72 180 43 ------------------------------------------------------------------------ () A macro-diamond is defined as exceeding 0.5mm in at least one dimension Notes: 1. Six macro-diamonds measure greater than 0.5mm in two dimensions 2. The two largest stones measure 2.05x1.48x1.12mm and 1.14x0.80x0.22mm Freightrain: ------------ Micro diamond results from the 15 drill samples appear to be consistent with the diamond grade obtained from the mini-bulk samples taken in late 2001. As a preliminary assessment of the potential for higher-grade zones within the Freightrain pipe, sample results from the 15 drill holes (see press release October 31, 2001) were aggregated by location as shown in the table below. Aggregated results indicate that the central and northern parts of the pipe surface appear to be the highest-grade areas. Freightrain - Diamond Summary ------------------------------------------------------------------------- Sample Samples Sample weight Number of Diamonds Grouping Aggregated Kg total --------------------- Micro Macro() (-0.5mm) (greater than 0.5mm) ------------------------------------------------------------------------- Center FT-01, FT-04, FT-16 573.90 220 32 ------------------------------------------------------------------------- North Zone FT-09, FT-10, FT-11, FT-12, FT-13, FT-14, FT-15 378.09 190 19 ------------------------------------------------------------------------- West Zone FT-06, FT-07, FT-08 11.73 13 0 ------------------------------------------------------------------------- South Zone FT-02, FT-17 140.85 62 2 ------------------------------------------------------------------------- Total 1,104.57 485 53 ------------------------------------------------------------------------- () A macro-diamond is defined as exceeding 0.5mm in at least one dimension Notes: 1. 15 macro-diamonds measure greater than 0.5mm in two dimensions 2. 8 macro-diamonds measure greater than 1.0mm in two dimensions 3. The four largest stones measure: 2.08x1.43x0.94, 2.05x1.43x0.21, 2.02x1.31x0.96 and 1.71x1.57x1.27mm >> Mini-bulk samples from the Freightrain pipe have yielded to date resorbed diamonds of high quality without boarts, rejection, coated and cubes (see press release of April 3, 2002). Diamond Trading N.V. of Antwerp, Belgium stated that "the diamonds" of up to 1.557 carats "are similar to high quality South African diamonds ...". The mini-bulk results, together with the latest results and conclusions, are very encouraging with regard to the economic potential of the Jackson Inlet property. Mr. John Lindsay, P.Eng., AMEC's Principal Metallurgist, is Twin Mining's "Qualified Person" as defined by National Instrument 43-101. Twin Mining, in addition to exploring the Jackson Inlet diamond project on Baffin Island and the TORNGAT diamond project on the east side of Ungava Bay in northern Québec, also holds a gold mining project in Idaho, United States of America. More positive news. Regards Vaughn

To: Valuepro who wrote (511)	7/15/2002 11:27:05 AM
From: VAUGHN	Respond to of 613

Hello Valuepro *OFF THE WIRE* At least this is out of the way: Twin Mining announces $4 million financing /NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, July 15 /CNW/ - Twin Mining Corporation ("Twin Mining") (TWG - TSX) today announced that Kingsdale Capital Partners Inc. has been appointed as its agent to offer, by way of private placement, up to 4,000,000 flow- through units and 4,000,000 common share units, in each case at a price of $0.50 per unit. Each flow-through unit will consist of one common share and one-half common share purchase warrant. Each common share unit will consist of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $1.00 for two years. The closing date is expected to be on or about July 31, 2002. The Company stated that the proceeds will be utilized primarily to advance exploration of its Jackson Inlet diamond property and the feasibility study on its Atlanta Gold Project. Twin Mining, in addition to exploring the Jackson Inlet diamond project on Baffin Island and the TORNGAT diamond project on the east side of Ungava Bay in northern Québec, also holds a gold mining project in Idaho, United States of America. Regards Vaughn