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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dydo who wrote (206)	5/27/1998 8:00:00 PM
From: Abner Hosmer	Respond to of 3282

Thanks for sharing your thoughts, Robert. Mine run similar to your's. These results compare very favorably so far with the early drilling at Pascua. If some of the remaining holes come back looking good, I think it will be very impressive. 68 extended the mineralization eastward from 55 along the northern border of the diatreme, good intercepts. There are several holes further along strike to the east, if I recall correctly. If they show similar results, that would be outstanding. The best trenching results came from the eastern border of the diatreme, which has not yet been drilled. We may see better grades trending towards this area. The second diatreme, Cerro Pelado, has not yet even been drilled, which means further potential. They have shown a better indicated resource than the first one calculated for Pascua, which was done on deeper holes. This does not include the new zone being tested in the SE, 3 holes along a 1 km strike length. Hole 63 was also promising, being drilled to the east from a higher altitude in from the center of the diatreme. This shows that mineralization extends to the center of the diatreme and beneath the ridge. Hole 74 testing for an extension to the NW target adds further potential. I'm struck with the similarities to Pascua, where mineralization is also widespread and interspersed with high grade zones. There was nothing that I can see that was dramatic about Pascua at a similar stage in comparison to these results. Pascua has continually been extended at depth and they are now boring a tunnel under the Argentine border from which to conduct further drilling. I'm pretty hopeful that this project will become more attractive as development progresses. The potential is clearly there to delineate further zones as the scope of exploration expands. Next season should offer an opportunity to go deeper on the deposit. Let's hope they can start as early in the season as they plan, September. All in all, I think this one may be a sleeper. best regards - Tom

To: Robert Dydo who wrote (206)	5/29/1998 4:07:00 PM
From: Abner Hosmer	Respond to of 3282

Robert, I think this one is about to get very interesting ;o] best regards - Tom

To: Robert Dydo who wrote (206)	6/3/1998 1:01:00 PM
From: Abner Hosmer	Read Replies (2) \| Respond to of 3282

Argentina Gold Corp - News Release Veladero project drill results Argentina Gold Corp ARP Shares issued 33,113,389 Jun 2 close $0.60 Wed 3 Jun 98 News Release Mr. J. Patricio Jones reports The company has received the results from hole 72 drilled at the company's Veladero project in San Juan, Argentina. Assays are pending on 11m. Inter- Au val From-To Au Ag Eqv. Depth (m) (m) g/t g/t g/t Hole 72 345 30 4- 34 0.723 1.400 0.751 28 34- 62 0.174 2.614 0.226 12 62- 74 0.728 2.216 0.770 11 74- 85 pend- pend- pend- ing ing ing 36 85-121 4.704 18.070 5.066 27 121-148 0.520 11.770 0.764 21 148-169 1.047 16.810 1.384 23 169-192 0.494 16.730 0.829 153 193-345 0.208 5.427 0.317 Hole 72 shows that the top 192m of the hole are ore grade with no overburden and that a 36m sector of higher grade (greater than 5 g/t Au equivalent) is available. Pending assays on the 11m interval are expected soon. The higher grades in hole 72 show a correlation with the NW target. This possibility will be investigated in the next drilling season which is expected to commence in September/October. Hole 72 expands the company's preliminary inferred resource which remains open in all directions. Further assay results on the remaining holes are expected shortly. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com