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Gold/Mining/Energy : Starpoint Gold -- Ignore unavailable to you. Want to Upgrade?

To: Bohdan who wrote (1758)	11/7/1997 4:31:00 PM
From: D. Wei	Read Replies (2) \| Respond to of 2378

Starpoint Goldfields Incÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ STS Shares issued 10,176,910ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Nov 6 close $0.20 Fri 7 Nov 97ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ STARPOINT GOLDFIELDS INC. LISTED: VSE:STS Dear Investor,ÿÿÿÿÿÿÿÿÿÿÿÿÿ November 1997 Re:ÿ Tele, Panga & Ngayu West concessions - Northeast Democratic Republic ÿÿÿÿ of Congo The mining data and maps that Starpoint obtained from theÿ Centralÿ African Museumÿ inÿ Belgiumÿ lastÿ monthÿ confirms earlier data and has enabled the Company to advance quickly on development on the above Concession. Canadian geologist, Gordon Richards, P.Eng. leaves this week for the properties with an identified target. Richards' report on the above data and map indicating goldÿ minedÿ onÿ this concession,ÿ includingÿ 10ÿ tonsÿ of alluvial gold alone, is available. The Institute of Geology in Belgium is also preparing detailed reportsÿ onÿ all threeÿ concessionsÿ fromÿ theÿ volumesÿ of data of Belgian mining companies active in the area prior to the Congo achieving independence. Geologists have been on the property recentlyÿ andÿ reportÿ miningÿ byÿ the locals on all three of Starpoint's northeast concessions. It is hoped that the patternÿ ofÿ goldÿ miningÿ atÿ Mambatiÿ onÿ theÿ Ngayu Concessionÿ by the Belgians in the late 1940's and '50's i.e., near surface decomposed bedrock over a length of 7 kilometers and width of 300 meters is indicatingÿ aÿ structureÿ hostingÿ zonesÿ ofÿ ore grade gold mineralization possibly containing several million ounces. Similar geological environments aroundÿ theÿ worldÿ areÿ knownÿ toÿ hostÿ just such deposits. Starpoint has information that Barrick Gold is working in this region and quoted below is the report over the Dow-Jones Wire services November 6, 1997: "Barrick Gold to Invest $300M in Congo Mining Site Symbol:ÿÿÿÿÿÿ ABX C/ABX Industry:ÿÿÿÿÿ PCS Subject:ÿÿÿÿÿ DJN DJWT PCS WEI Market Sector:ÿ BSC Geographic Region: AF CG CN NME ONT Product/Service: DAF DAS DMM KINSHASA, Congo (Dow Jones) -- A Canadian mining firmÿ hasÿ saidÿ itÿ would investÿ $300ÿ million in a mining concession in the Kilo-Moto mining region in eastern Congo, national radio has announced. The broadcast this week said Barrick Gold Corp. (ABX) oneÿ ofÿ theÿ world's largest gold companies, had already sent more than 220 tons of equipment to the site, where it hopes to produce 200 tonsÿ ofÿ goldÿ overÿ theÿ nextÿ 10 years. A local newspaper hailed the announcement saying it would bring many benefits to Congo's cash-strapped economy. Le Potential said more thanÿ $24 million of Barrick's investment would be used for the development of roads, energy and communication infrastructure." See Starpoint's Website:ÿ www.starpoint.comÿ forÿ Gordonÿ Richards,ÿ P.Eng. "Goldÿ Explorationÿ Report"ÿ andÿ Figureÿ 2ÿ specificallyÿ for proximity of Starpoint's Ngayu, Panga, and Tele Concessions to Barrick's Kiloÿ andÿ Moto Concessions. Starpoint's Tele and Panga concessions have similar geology. For more information: Investorÿ Relations:ÿ Tollÿ Freeÿ 1-800-852-8885ÿ <P> E-Mail: sts@starpoint.com Vancouver, Canada 604-688-6838 (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com