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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: mimur who wrote (9322)	3/23/2005 10:37:43 AM
From: Rocket Red	Read Replies (1) \| Respond to of 18308

Srs.h keep on watch Mexico gold play by CKG as once deal closes it will pop Street Resources releases Reyna de Oro drill results 2005-01-11 22:04 ET - News Release Shares issued 20,214,011 SRS.H Close 2005-01-11 C$ 0.59 Mr. Jeffrey Dawson reports STREET RESOURCES ANNOUNCES RECEIPT OF EXMIN DRILL RESULTS; ONE HOLE INTERSECTS 60 FEET OF 0.18 OZ/T AND 20 FEET OF 0.40 OZ/T GOLD Street Resources Inc. has received drill results from Exmin Inc. regarding Exmin's Reyna de Oro property deliverable to it pursuant to the previously disclosed option agreement between Street Resources and Exmin dated Aug. 16, 2004. Under the option agreement, Street Resources now has 60 days to determine whether it wishes to exercise its option under the option agreement to effect a transaction with Exmin resulting in the acquisition of all of Exmin's interest in its properties. Exmin has advised Street Resources that the 11-hole reverse circulation drill program completed in December, 2004, at its Reyna de Oro project, located in Chihuahua state, Mexico, encountered significant gold mineralization on the property. Eight of the holes intersected significant widths and grades -- hole RDO-04-R6 intersected 1.5 metres (five feet) of 20.1 grams per tonne of gold (0.59 ounce per ton), within a 6.1-metre (20-foot) intersection of 13.56 g/t (0.40 ounce per ton). This hole had another intercept of 18.3 metres (60 feet) of 6.14 g/t (0.18 ounce per ton). Hole RDO-04-R3 intersected 10.7 metres (35 feet) of 7.17 g/t (0.21 ounce per ton). The holes intersected substantial widths of mineralization, and with these limited number of holes, the data indicate an extensive zone of mineralization. The drilling has confirmed a zone of mineralization along 250 metres of strike, approximately 100 metres down dip, with a width of about 20 to 30 metres. The zone remains open along strike in both directions and down dip. The attached table should be referred to for a detailed summary of the drill results. The Reyna de Oro property consists of approximately 14,275 hectares in the prospective Sierra Madre gold belt of Chihuahua state. Craig Gibson, Exmin's vice-president of exploration, reported: "This recent drill program confirmed previous surface and drill programs carried out on the property. Previous work had indicated the potential for a large tonnage deposit, but the recent drilling indicates the potential for higher grade zones as well as a large tonnage target." This news release has been reviewed by Geoffrey S. Carter, PEng, qualified person, who has been on site and is currently preparing a National Instrument 43-101 technical report on the Reyna de Oro property. The handling and preparation of the samples and assaying procedures all meet with industry standards. Hole Int Int Au (feet) (m) (g/t) RDO-04-R2 35-125 27.4 0.45 RDO-04-R3 0-85 25.9 4.02 incl 0-65 19.8 4.93 incl 0-35 10.7 7.17 140-255 35.1 0.91 RDO-04-R4 10-75 19.8 1.32 RDO-04-R5 60-165 32.0 2.17 incl 80-145 19.8 3.09 incl 105-140 10.7 4.87 RDO-04-R6 120-180 18.3 6.14 incl 125-130 1.5 11.90 incl 150-155 1.5 8.45 incl 155-160 1.5 12.15 incl 160-165 1.5 20.10 incl 165-170 1.5 13.55 incl in total 150-170 6.1 13.56 RDO-04-R7 70-130 18.3 1.37 incl 120-130 3.0 3.38 RDO-04-R8 100-260 48.8 1.61 incl 100-190 27.2 2.08 RDO-04-R9 0-25 7.6 2.35 185-265 24.4 0.93 incl 185-230 13.7 1.21 RDO-04-R10 70-180 33.5 2.03 incl 80-140 18.3 1.59 155-180 7.6 4.80 incl 160-165 1.5 14.45