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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Furry Otter who wrote (29620)	1/6/1998 1:12:00 PM
From: Karl Zetmeir	Read Replies (1) \| Respond to of 35569

* NEWS ALERT * program assay results International Precious Metals Corp IPMC Shares issued 17,758,280 Jan 5 close $1.50 Tue 6 Jan 98 News Release Mr Alan Doyle reports The company has received gold assay results from the testing of its Black Rock project west of Phoenix, Arizona. Multiple assay methods are being cross checked with previous gold and platinum values reported from the 1995/96 121 drill hole program on the 1 sq km grid. The prime objective of the gold assaying portion of the R&D programs is to compile the data on the 1 sq km drill grid leading to the company's first formal resource statement. Drill hole 111 from the grid was the first in the most recent comparisons with assaying carried out using 25 foot composite samples, a possible mining thickness for Black Rock. The independent laboratory results from wet chemical assays with atomic absorption finish are detailed below: Depth in Feet Oz per Ton 0 - 25 0.09 25 - 50 0.07 50 - 75 0.05 75 - 100 0.08 Average over 100 Ft 0.07 Previous average over 100 Ft Wet chemical (leach) assay from two labs 0.07 This recent assay testing has confirmed the previous results to within acceptable levels of assay variability. IPM operates a separate R&D program for the testing of platinum group metal assay procedures and the development of several precious metals recovery methods. These activities are being conducted with the support of experienced third party independent companies and consultants. The company has recently completed a small private placement that has carried it through a period of major expenses. In light of recent market conditions various additional financing packages arc currently being reviewed. IPM anticipates that the next financing will principally be used to continue with the resource definition program and enhance R&D work on PGM assaying and finalization of a commercial recovery technique for Black Rock mineralization.