To: tanoose who wrote (56 ) 2/17/1998 11:35:00 AM From: Simon D. Yates Read Replies (1) | Respond to of 153
X-From_: newsout@canada-stockwatch.com Tue Feb 17 11:33:46 1998 Date: Tue, 17 Feb 1998 08:31:12 -0800 From: newsout@canada-stockwatch.com Subject: Stockwatch: Columbia Metals Corp Ltd - News Release To: syates@inforamp.net X-Mailer: <WinNT's Blat ver 1.5> Los Nidos sampling results Columbia Metals Corp Ltd COML Shares issued 15,821,679 Feb 6 close $0.35 Tue 17 Feb 98 News Release Mr Carl Di Placido reports A multiple of parallel silver-gold bearing quartz veins within a large monzonite intrusive were discovered by company geologists. The recently staked 15,000 hectare property, referred to as the Los Nidos property, is 100km northwest of the city of Hermosillo, Sonora, Mexico. The property consists of numerous, widespread pits, trenches, adits and underground workings over an area of about 1km by 1km with many of the veins striking in a general northerly direction. Outcrops are scarce but widespread gossanous areas with an abundance of precious metal-bearing quartz floats suggest the area to have an excellent potential for the discovery of high grade silver-gold deposits. No exploration is known to have taken place in the area over the past 50 years. Chip samples taken from old trenches and workings with each sample representing one vein structure assay as follows: Sample Ag Au Pb Width g/t g/t % m 102 106 0.22 - 0.40 106 280 4.80 0.84 1.10 108 86 0.16 0.63 1.00 109 188 2.00 0.11 0.65 113 320 0.32 3.58 1.15 129 103 0.15 0.74 1.40 131 170 0.18 0.58 0.40 133 186 0.68 0.26 0.70 136 107 0.06 0.26 float 139 1080 1.50 4.94 1.00 141 117 2.30 0.37 dump 142 144 4.95 0.31 0.30 144 129 2.70 0.57 0.40 145 440 1.70 0.59 dump 161 102 0.04 0.20 1.00 164 131 0.27 0.57 0.40 Bulldozer work, additional sampling and mapping of the area are in progress. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com