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Gold/Mining/Energy : MIRANDA--MAD ON VSE -- Ignore unavailable to you. Want to Upgrade?


To: Sean Hurd who wrote (338)5/19/1998 8:27:00 PM
From: Blake  Read Replies (2) | Respond to of 462
 
Miranda Industries Inc -

Kaiser says world-class potential makes it a buy

Miranda Industries Inc
MAD
Shares issued 8213100
1998-05-15 close $0.44
Tuesday May 19 1998
John Kaiser, writing in the April 28 issue of his Bottom-Fishing Report, says
Miranda Industries is a strong buy at 45 cents. The letter writer tipped Miranda a
buy in December 1996 at around 49 cents, and again in December 1997 at 29
cents. Mr. Kaiser's current enthusiasm is based on prospects for Miranda's Las
Catalinas property in Mexico. According to Mr. Kaiser, when Miranda's sombre
director, Steve Ristorcelli, checked out the property, he "could not resist a bout of
irrational exuberance." Mr. Ristorcelli could not believe that the altered and
mineralized intrusive complex bore no evidence of serious exploration. "According
to Ristorcelli, Las Catalinas has world-class potential," Mr. Kaiser says. The
company wants to bring in a discovery hole on its own, but it will need some fresh
capital, Mr. Kaiser notes. He adds the project has already attracted interest from
the majors.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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To: Sean Hurd who wrote (338)7/16/1998 2:04:00 PM
From: Sean Hurd  Read Replies (1) | Respond to of 462
 


July 16, 1998 Las Catalinas Title Received Symbol: MAD.V
Form 20F: 0-27760

The Company is pleased to announce that its Mexican subsidiary, Minas Miranda, S.A. de C.V. has been granted title to the Las Catalinas concession.

The Las Catalinas project is located 10 kilometres southwest of Rosario de Tesopaco and 70 kilometres east of Ciudad Obregon, in south central Sonora, Mexico. The Las Catalinas concession comprises 1971.4 hectares (19.7 square kilometres) and was acquired by staking. Two additional adjacent concessions totalling 16,000 hectares have since been staked, thereby increasing the size of the project to approximately 18,000 hectares.

The majority of the exploration effort to date has been concentrated on this Las Catalinas concession. The Company completed a first phase exploration program during February and March, 1998 consisting of detailed geological mapping, soil and rock sampling, and a magnetometer survey. The geologic environment has been mapped as an intrusive complex composed of granodiorite, porphyritic quartz monzonite, latite porphyry and intrusive breccias. Numerous grab and channel samples returned values of up to 30 grams gold per tonne and over 500 grams silver per tonne. The program identified four discrete zones of mineralization on the Las Catalinas concession. Three of the targets have bulk tonnage potential and the fourth area has potential to host a high-grade vein structure.

Miranda is having the project area flown for the preparation of detailed air photos and is currently in the permit process for a planned trenching and reverse-circulation drill program.

The Las Catalinas project is 100% owned by Miranda.

ON BEHALF OF THE BOARD

Dennis L. Higgs, B. Comm
President

The Vancouver Stock Exchange neither agrees nor disagrees with the information contained herein.