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


To: saul mikaliukas who wrote (3499)3/19/1998 8:23:00 PM
From: Dusty  Read Replies (1) | Respond to of 4057
 
Saul,

Thanks for sharing your ray of hope.

I was not crying just commenting. I NEVER spend more than I can afford to lose in any stock! Especially, Canadian Mining stock.

You are right you don't loose unless you sell.

I am long for as long as it takes...

Dusty



To: saul mikaliukas who wrote (3499)3/31/1998 5:26:00 PM
From: Steve Stakiw  Read Replies (2) | Respond to of 4057
 
Fairmile Reports Positive Results From Expanded Data Evaluation at Highland Project

FAIRMILE GOLD CORPORATION

March 31, 1998
ASE: FLA

Fairmile Reports Positive Results From Expanded Data Evaluation at
Highland Project

Vancouver, BC - Fairmile Gold Corp. (Fairmile) reported today that
evaluation of additional data on Fairmile's Highland Project, located
along the Walker Lane Gold Trend in west-central Nevada, has resulted
in the identification of a large area of potential near-surface gold
mineralization. In addition, a new claim block, the BUZ, has been
acquired by staking. The BUZ claim block lies approximately one mile
north of the Highland claim block, in a similar geologic setting.

Highland Target: Fairmile has evaluated in detail an extensive
database, recently expanded by the results of work done by the
previous landowner. This work includes numerous surface trenches and
13 shallow drill holes. This data, combined with Fairmile's mapping
and sampling, has identified a prospective area approximately 4,500
feet long and as much as 1,200 feet wide. The previous drilling was
limited to a small portion of the prospective area, with none of the
holes testing veins below 200 feet of the surface. Drilling
intersected numerous veins and stockwork zones, with the best
intercept encountered being 19 feet averaging 0.13 troy ounces of gold
per ton in a core hole. The intercept lies approximately 300 feet west
of the Farnsworth Vein Zone, which reportedly produced up to 10,000
troy ounces of high-grade gold. Other outcrops identified by surface
grab and trench samples, but untested by drilling, indicate the
potential for economic concentrations of gold beneath very shallow
gravel cover. Additional mapping and geophysics are being planned to
help further define drill targets.

Deb Target: A trenching program is being permitted to evaluate
structural controls of the poorly exposed mineralization identified at
this target. Numerous grab samples from the area contain 0.01 to 0.085
troy ounces of gold per ton; however, the target has never been
trenched or drilled. The structural information gained from trenching
will help to further define drill targets

Buz Claim Block: This new area consists of a 3-mile-long zone with
scattered exposures of quartz veins, breccias, dikes, and small
intrusions. Limited sampling of old prospect dumps reveal gold values
as much as 0.20 troy ounces per ton, with trace element geochemistry
similar to the other Highland targets. Additional mapping and sampling
will be necessary to further evaluate this area.

Fairmile's work continues to indicate that the geologic setting at
Highland is similar to other low-sulfidation, volcanic dome-related
gold systems such as Sleeper (Nevada) and Midas (Nevada). The Highland
Project has the potential to host high-grade, bonanza-type gold/silver
veins and disseminated, fracture-controlled mineralization.

For further information visit Fairmile's web site at
fairmile.com or contact Investor Relations at 1-888-599-6777.

"Thomas R. Kelly"
Thomas R. Kelly, President

The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.

Telephone: (604) 257-4262 or 1-888-599-6777 Toll Free
Fax: (604) 683-2540