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

To: DR. MEADE who wrote (3557)	5/27/1998 9:07:00 AM
From: DR. MEADE	Respond to of 34075

Look who else is interested in Chile, Bolivia area , also reread following 2nd repost below :Tuesday May 26, 5:43 pm Eastern Time Company Press Release SOURCE: Bema Gold Corporation Bema Gold Corporation Announces Positive Drilling Results Indicate Potential To Increase Gold Reserves At Verde Deposit, Refugio Property VANCOUVER, May 26 /CNW-PRN/ - Bema Gold Corporation (''the Company'') is pleased to report encouraging results from the remainder of the first phase of deep drilling beneath the Verde Deposit at the 50% owned Refugio Mine in Northern Chile. These new diamond drill assays combined with the first set of holes from this program confirms that the Verde Deposit has the potential to increase the amount of gold contained beyond the original 5.3 million ounces defined independently by Mineral Resource Developments Inc. (''MRDI'') of California. Hole Location From To Length Gold Depth below extended Number metres metres (gpt) base case (metres) VD-10 West Verde 20 262 242 0.93 In pit to 70 metres below pit 276 288 12 1.03 85 366 406 40 0.62 150 VD-12 East Verde 0 34 34 1.58 In pit 34 218 184 0.59 In pit to 30 metres below pit 444 506 62 1.41 250 520 536 16 0.94 280 VD-14 West Verde 0 238 238 1.13 In pit 250 254 4 3.60 In pit 304 390 86 0.59 110 VD-15 West Verde 4 216 212 1.00 In pit 216 252 36 0.60 In pit VD-17 East Verde 12 200 188 1.09 In pit to 60 metres below pit 200 254 54 0.62 110 VD-18 West Verde 0 40 40 0.70 In pit 64 74 10 1.10 In pit 140 190 50 1.10 In pit 218 290 72 1.12 40 296 306 10 0.77 60 328 336 8 0.72 90 The Verde Deposit extended base case pit as defined by MRDI in the Verde Feasibility Study contained a mineable reserve of 185 million tonnes grading 0.90 grams per tonne gold, containing 5.3 million ounces of gold. At surface, the dimensions of the deposit are 1.4 kilometres long by 0.7 kilometres wide. It is up to 280 metres deep in East Verde and 300 metres deep in West Verde. The Verde Deposit is currently being mined at the rate of approximately 30,000 tonnes per day and approximately 500,000 ounces of the reserve have been mined to date. In addition to testing the potential for additional reserves at depth, the current program will provide material for further metallurgical test work and bring some possible reserves in the extended base case pit (21% of the total reserve) into the proven and probable categories. The Bema exploration group, along with Amax Gold Inc. and the Compania Minera Maricunga mine staff are working together to update the reserves and geological resources based on the recent program. A decision on further drilling will be made when the reserve and resource update is completed. Bema Gold Corporation produces gold in Chile, and through its affiliates, explores for gold in Argentina, Canada, Chile, the United States, and Venezuela. The common shares of the Company are listed for trading in Canada on The Toronto Stock Exchange, and the Vancouver Stock Exchange and in the United States on the American Stock Exchange under the symbol ''BGO''. On Behalf of BEMA GOLD CORPORATION Clive T. Johnson Chairman, C.E.O. & President SOURCE: Bema Gold Corporation ------------------------------------------------------------------------ More Quotes and News:Bema Gold Corp (Vancouver:BGO.V - news; AMEX:BGO - news)Related News Categories: mining/metals, oil/energy ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments? \| Next \| Respond \| To: Chris Hauge (3555 ) From: DR. MEADE Tuesday, May 26 1998 11:36PM ET Reply # of 3599 Why I like MDIN, NPEC, and MINE , draw your own conclusions !*********** \| Next \| Respond \| To: Handshake (2885 ) From: Handshake Tuesday, May 26 1998 3:52PM ET Reply # of 2898 Get a load of this news release: Hmmmmm maybe we need to give them a tour of our properties.... PLACER DOME FORECASTS GOLD BOOM Bill Hayes, President of Placer Dome Latin America, yesterday predicted that Latin America could be enjoying a "gold boom" within two or three years because of its rich mineral deposits and political stability. Although gold prices are currently low, Placer Dome will be investing one third of its world-wide exploration budget in Chile, or about U$45 million, he said. Hayes also predicted that gold prices will eventually rise back to its traditional benchmark level of US$400 per ounce. In Chile Placer Dome owns a 51 percent interest in Cerro Cassal, as well as the Can Can and La Coipa deposits. It also owns a 50 percent interest in the Zaldivar mine. \| Previous \| Next \| Respond \| View 2 replies to this message Quotes - News - Discussion - Gold/MiningView SubjectMarksBookmark this Subject MEDINAH ENERGY INC NEW (OTC: MDIN)Time: 4:09PMLast Trade 0.285Change - 0.055 (-16.18%)Bid 0.280Ask 0.300Volume 0671,0000Prev.Close 0.340Open 0.340Day Rang