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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (5377)	12/9/2003 12:41:03 PM
From: VAUGHN	Respond to of 5423

Hello kidl This out on the wire this A.M. Mill City proceeding with exploration on Pony Creek property Tuesday December 9, 11:46 am ET CALGARY, Dec. 9 /CNW/ - MILL CITY INTERNATIONAL CORPORATION ("MILL CITY") (TSX-VEN:MC) is pleased to announce that it is proceeding with exploration on its Pony Creek property in north central Nevada. With the recent financing completed the Company can now go forward with permit application preparation. The approval process will take approximately 2 months following which the Company will commence its Phase 1 drilling program. The Pony Creek property is comprised of 224 claims (approx. 1900 hectares) and is located in the southwest corner of Elko County, about 30 miles south of the town of Carlin and along the crest of the Pinon Range. The property is within the southern Carlin Trend and about 20 miles south of the deposits at Rain. It covers a portion of the Pinon graben, a regionally extensive structural feature that trends north-south for at least 20 miles and hosts several major gold deposits. The deposits associated with the graben are reported to contain more than 5 million ounces of gold. From north to south these are the Saddle, Rain, Emigrant Springs, Bullion, Dark Star, Trout Creek and Dixie Creek deposits. The graben at Pony Creek is more than a mile wide and bounded by a series of north-south trending structures. Northwest trending cross structures are also prominent within and on the margins of the graben. Tertiary felsic to mafic intrusives have been emplaced along the structural zones. The most prominent feature at Pony Creek is the north-south trending rhyolite porphyry which has intruded the sediments within the graben. The exposed intrusive dike-sill complex is approximately 2 miles long and 0.75 miles wide. Previous wide spaced drilling within and around the intrusive has demonstrated gold mineralization over a very large area. Closely spaced drilling by Newmont Gold in the mid 1980's defined a resource in one small portion of the intrusive. High grade is present as demonstrated by drill hole PC-20 drilling 25 feet (440'-465') at 0.45 opt gold. To date, the widespread gold mineralization has been demonstrated in Mississippian to Permian clastic rocks and the intrusives both within and peripheral to the graben. Excellent potential exists at Pony Creek to develop high grade along structures and especially at the Mississippian -Devonian contact. The siltstone/limestone contact, host to all of the economic deposits in the southern Carlin Trend (including the Rain open pit - 1.017 million ounces, average grade 0.066 opt gold, and the Saddle deposit - 1.475 million ounces, average grade 0.37 opt gold, Source: Nevada Bureau of Mines and Geology Bulletin 111, Page 173), has never been tested at Pony Creek. Mill City will focus its exploration toward structurally controlled high grade primarily at this stratigraphic contact. Regards Vaughn

To: kidl who wrote (5377)	12/10/2003 8:15:16 AM
From: VAUGHN	Read Replies (1) \| Respond to of 5423

Good Morning kidl This also out on PML: Panoro Signs Drill Contract for Peruvian Project, Commences Site Preparations Vancouver, B.C., December 9, 2003 - Helmut Wober, president of Panoro Minerals Ltd. (TSX-V:PML) is pleased to announce that the company has mobilized field crews on November 24th to commence with the preparation of access and drill sites at its El Rosal Project in Peru. The drill program will test both the El Rosal Target and the La Ramada Target. Both are porphyry copper targets, with La Ramada featuring an additional gold component. The Company is also carrying out soil geochemical sampling on the gold-copper La Ramada Target to further refine the targeting of the later drill holes. The Company has signed a drill contract with Condor Drilling S.A.C., a Peru based diamond drilling company, owned and operated by highly experienced Canadian drillers. The drilling equipment to be used is manportable with capacities in excess of 350m NQ sized drill core. Although more labour intensive, the use of this type of equipment is becoming increasingly popular in the industry because it does not require road access, uses smaller drill sites and greatly reduces the environmental impact of drilling. The method also provides more job opportunities for local labour. The start of drilling will be subject to receipt of the Environmental Permit from the Ministry of Energy and Mines of Peru. It is anticipated that actual drilling operations will commence at the beginning of January 2004. At the same time, the company is pleased to announce that, in addition to 200,000 prior warrants, 177,700 further warrants at an exercise price of $0.20 per share have been exercised recently and that the funds have been received. The company is also in the process of formalizing its option agreement with Mindoro Minerals Ltd. on the Surigao properties in north east Mindanao, the Republic of the Philippines. About Panoro Panoro Minerals Ltd. is a mining exploration company headquartered in Vancouver, Canada and traded on the TSX Venture Exchange. Panoro's strategic focus is on exploring for large-potential gold and gold/copper projects in countries with the corresponding geological potential and where the right political and economic conditions are present. For investor inquiries please call 604-629-0903, email info@panoro.com or visit the company’s website at www.panoro.com. On behalf of the board of Panoro Minerals Ltd. Helmut H. Wober, P.Eng., President and Director Regards Vaughn