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Gold/Mining/Energy : Alliance Pacific Gold Corp, V.APG (formerly Yukon Gold -V) -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (83)	2/5/1998 9:30:00 AM
From: ROY PHUNG	Read Replies (2) \| Respond to of 209

To all APG stockholders: Here's is a latest interesting NR. Drillings on the property will begin in mid-February. This stock is heading up to the next plateau which is 0.60. Alliance Pacific Gold Corp - Exploration continuing at Plata mine Alliance Pacific Gold Corp APGShares issued 125036271998-02-04 close $0.45Thursday Feb 5 1998Mr Brian Lueck reports As reported in previous news releases, the company is continuing exploration at the Plata mine, Yukon Territory. The Plata mine property is unique in Canadian mining history in that it was the only significant helicopter and fixed-wing transport operation for raw ore, made possible by its high grade silver ores (150-300 oz/t). A winter work program will consist of equipment mobilization to the property, followed by additional development on the Plata Thrust zone. The exploration program at Plata mine is under way and drilling should commence within a week. The exploration program will consist of trenching and shallow drilling of the Plata Thrust zone. The aims of the program are to delineate proven reserves of open pittable, direct shippable, high grade ore. Previous drilling, such as DDH No. 4 (0.8m interval) has indicated such high grades as 163.34 oz/t Ag and 0.143 oz/t Au, with previously mined ore from this zone grading 145 oz/t Ag and 0.155 oz/t Au. The company anticipates confirming reserves which would generate immediate cash flow through direct shipment to a smelter via a winter road. The Thrust zone, which has a strike length of more than 2km, is open in both directions. The program is designed specifically to bring the zone into the proven and probable reserves category. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)