Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Ironyman who wrote (1936)	4/21/1998 9:00:00 PM
From: Bradley G. Fraser	Read Replies (1) \| Respond to of 34075

Reality check... "Performance" chart for the last year. Otherwise known as the "Chart of Failure" quote.yahoo.com For those of you who would like to bookmark an active quote URL; quote.yahoo.com

To: Ironyman who wrote (1936)	4/22/1998 1:43:00 PM
From: Ray Emery	Respond to of 34075

eric, What you say about MINE owning a drill may well be true, but with every other gold company that I have owned or looked at, there has ALWAYS been a detailed NR concerning a planned drilling program to determine depths of mineralization and the horizontal parameters of the area being drilled. With the size of the property that MINE controls that type of drilling program will take a substantial amount of time to determine PROVEN resources. If they do undertake a detailed drilling program with the ONLY drill that they own, the info will come out in dribs and drabs as the drilling progresses. Unless I misunderstand, the assay figures that you quoted concern grab samples that are ON the surface, not below it. That type of data cannot be extrapolated to what is beneath the surface without an EXTENSIVE, systematic, boring, tedious, drilling program. Ray Emery

To: Ironyman who wrote (1936)	4/22/1998 2:13:00 PM
From: Ray Emery	Read Replies (1) \| Respond to of 34075

Eric, Here's an example of a planned drilling program:::::: NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: MINERA ANDES INCORPORATED ASE SYMBOL: MAI OTC Bulletin Board SYMBOL: MNEAF APRIL 21, 1998 Minera Andes - Phase II Drilling Program Begins at Santa Cruz Province Silver/Gold Discovery; Additional 45,000 Hectares of Exploration Lands Acquired SPOKANE, WA--Minera Andes Inc. has begun a program of surface exploration and drilling at its 100 percent-owned El Pluma/Cerro Saavedra silver/gold discovery in Santa Cruz Province, Argentina. This follow-up program, scheduled to be completed in May, is designed to begin developing an estimate of the size potential of the Saavedra West epithermal silver/gold discovery and to test new drill targets. This program follows Minera Andes' recent drilling campaign which intersected high-grade silver/gold mineralization in three out of four holes at Saavedra West. The best hole intersected 115 feet of 4.05 g/t (0.118 oz/t) gold, and 617 g/t (18.00 oz/t) silver. The geometry of this mineralized zone has not yet been defined. Assay results from this follow-up program are expected to be completed in June. (If the geometry has not been defined then the size of the deposit cannot be determined..) The work plan includes detailed geologic mapping, rock sampling, trenching and additional soil sampling to fill in and extend the existing soil grid at Saavedra West. On April 20, 1998, Minera Andes started drilling its first hole in a planned 2,000 meter program; however with the Argentine winter approaching, the extent of this drilling campaign will depend on weather conditions. Minera Andes' dedicated reverse-circulation track drill is on site. It will be used to complete step-out drilling, and test for mineralization at depth with the aim of proving up the size and continuity of the mineralized zone. Brian Gavin, vice president of exploration, said "We are pleased to be back on site and doing as much surface work and drilling as we can before the winter weather arrives. We think the excellent drill results from the Saavedra West zone are only an indication of the full potential of the property. For example, during the last drill campaign our geologists discovered a previously unknown mineralized zone, where silicified rock assayed 4.66 g/t gold and 208 g/t silver, during construction of drill access roads. This fortunate discovery is located 1,500 meters away from any prior sampling, in an area that was previously fairly low on our priority list, and serves as an indication of what may be waiting for us once we get down to detailed exploration of the entire property." Other areas of Minera Andes' El Pluma/Cerro Saavedra land package also have excellent potential; only about 20 percent of a 15 km by 4 km trend of mineralization within the land package has been explored to date. An additional 45,000 hectares have been staked in the region, bringing the total Minera Andes' package of mineral rights applications to 77,000 hectares (190,000 acres). Helicopter and ground-based reconnaissance is planned to rapidly evaluate the new properties. Santa Cruz Province in southern Patagonia is emerging as the leading precious metals exploration region in Argentina. In addition to Minera Andes' discovery, another gold/silver discovery, Cerro Vanguardia, is currently being developed as a mine. Reportedly, it contains reserves of 3.5 million ounces of gold and 33 million ounces of silver. Other exploration activity includes, in part, drilling by MIM Holdings Ltd., at its Cerro Negro exploration project immediately south of Minera Andes' El Pluma/Cerro Saavedra discovery. In addition to ongoing exploration and development by larger companies, a number of junior exploration companies are also active in the Santa Cruz gold belt of Patagonia. Allen V. Ambrose, president, said "Because of the potential we found through our initial discovery, we want our Santa Cruz program moving along at a fast pace. The recent exercise of a portion of outstanding purchase warrants keeps us in a good financial position for our Argentina program. Our discovery has also attracted major companies interested in joint ventures. They see the same potential we do for more discoveries in this Santa Cruz silver/gold belt." Mr. Ambrose also reported that check assays of the significant intersections from the first round of drilling (see news release 98-7) have been completed by independent assay laboratories including Geolabs in Chile and Bondar Clegg in British Columbia. The independent checks have confirmed the assay results reported by N.A. Degerstrom, Inc. Minera Andes is a mining exploration corporation that controls approximately 25 properties on about 600,000 acres of mineral exploration land in Argentina. Most of the properties are located in the Andean Cordillera and primarily contain gold, copper and silver exploration targets. The Corporation is presently pursuing the further development of its epithermal silver/gold discovery in Santa Cruz Province. Selected opportunities in other countries are also under review. Although Minera Andes believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven and probable mineral reserves. There can be no assurance that such reserves will be identified on any property or that, if identified, any mineralization may be economically extracted. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Minera Andes Incorporated Arthur C. Johnson Director of Investor and Public Relations (509) 921-7322 ajohnson@thefuture.net or Minera Andes Incorporated Allen V. Ambrose President (509) 921-7322 or Minera Andes Incorporated Krister Kottmeier Investor Relations - Canada (604) 689-7017 mineracan@thefuture.net minandes.com I have not seen a news release from MINE with a plan similar to this one. Ray Emery