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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Donald F. DeKold who wrote (1665)	12/2/1997 1:33:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 4718

Here you go guys. NEWS RELEASE..... AGC Americas Gold Corp - Major gold and base metal intersection discovered AGC Americas Gold Corp AGA Shares issued 12055417 1997-12-01 close $0.86 Tuesday Dec 2 1997 Mr Henry Meyer reports A major gold and base metal intersection in semi-massive sulfides on the newly discovered creek zone of the Toodoggone property in north central BC has been reported by the company. Recently recieved metallic assay verification results, using a 300 gram sample from the high grade intersection, yielded a grade of 3.32 ounces (103.3 grams) of gold per tonne over 4 metres ( 13.2 feet). With silver, copper, lead and zinc credits, the intersection had a gross metal value of approximately US$1,100 per tonne. Metallic assays were conducted in order to determine the impact on the fire assay results of the presence of coarse gold. An earlier fire assay had reported 1.97 ounces (61.1 grams) gold per tonne, 2.97 ounces (92.4 grams) silver per tonne, 1.34% copper, 0.46% lead and 11.7% zinc uncut over the 4 metre interval from 91 to 95 metres depth. As a further verification of the grade of the intersection, core rejects have been sent to another laboratory. A mineralogical and petrographical study of selected core samples from this hole is underway. The Toodoggone property is 40 miles north of Royal Oak's Kemess mine and is accessible by road. The creek zone discovery is the first known discovery of significant mineralization on the Toodoggone property below the tree line. Identification of the Creek Zone This zone was re-examined in early September 1997 as a result of panning carried out on a stream in a creek in the area which yielded elevated gold grades. Determining the source of the anomaly involved the synthesis of considerable aerial and ground based geophysical and soil geochemistry data, together with helicopter home reconnaissance of the surrounding area. This culminated in the discovery of the zone believed to be the source of the elevated stream values. The zone appears to be about 2,500 metres (8,202 ft) in length. Description of the Creek Zone The creek zone is situated on the rim of a six kilometre wide intrusive ring complex at the point of intersection of two large fault corridors. Anomalous gold, silver and polymetallic base metal mineralization on this zone has been traced over a strike length of at least 700 metres (2,296 feet) in the vicinity of the stream panning. The average gold grade for the entire 12 - 98 metre interval of hole CZ97-09 approximated 0.12 ounces (3.66 grams) of gold per tonne plus silver and base metals, thereby underlining the bulk mining potential of the creek zone. The zone occurs in altered andesite flow breccia of the Jurassic Toodoggone volcanics. Mineralization consists of pyrite, sphalerite, chalcopyfite and galena. Low grade mineralization occurs within an apparently structurally controlled extensive quartz carbonate stockwork. High grade mineralization occurs as a replacement zone associated with faulting. Mineralization likely represents a transition zone between high level epithermal to lower level porphyry style mineralization. Eight holes were drilled on the creek zone. Of the previous seven, six gave encouraging values, however CZ97-08 was positioned 50 metres south of the previous hole and drilled at an inclination of 50 degrees east. It is believed that this hole could have intersected the main structure of the zone. Furthermore, this zone could be open in all directions. Description of Work Completed The discovery of the creek zone arose from a comprehensive exploration program conducted during the 1997 season on the Toodoggone property, including helicopter borne aeromagnetic, radiometric, and multiphase electromagnetic surveys. In addition ground geophysical induced polarization surveys and ground prospecting were completed. Throughout the Toodoggone property, approximately 10,627 metres (34,865 ft) of core drilling were completed in 1997. Of the total, 1,477 metres (4,845 ft) related to the creek zone utilizing NQ wireline equipment. Current Activity on the Project A major research project is under way during the closed winter season to integrate into a unified exploration scenario all known geological, geophysical, geochemical and mineral occurrence data for the entire Toodoggone property, including work completed by previous operators in the area. It is expected that a resource estimate and further drill targets for the summer 1998 drill season will be generated on completion of this project. Maps of the drilling programs on the various Toodoggone zones, together with complete drill results will be available upon request. Strathcona Mineral Services of Toronto, consulting geologists have been retained by Antares to audit drill results from Antares exploration properties on an annual basis and report to the company's board. AGC'S joint venture partner, Antares Mining and Exploration company can earn up to 55% interest in the 23,500 hectare (105 sq mile) Toodoggone property by spending up to $5 million over four years of which approximately $3 million has been spent to date to earn an approximate 33% Antares interest in the property. Following the spending of the first $1.5 million on the property, Antares assumed operatorship of the project. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com