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Gold/Mining/Energy : 20 cents or less a share , post it here ! -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (318)	7/31/1998 3:03:00 PM
From: GM	Read Replies (1) \| Respond to of 324

Mr. Metals, I thought you might want to see this. PANTHER RESOURCES ANNOUNCES: Mineralized Zone Continues Symbol: PTHR Exchange: OTC- BB Industry: Mining Subject: Assay Results Marshall Smith, Project Manager, reports that Mr. Chapin, Mine geologist, has reported on the latest results of the drifting (tunneling) on Level 3. Currently we are drifting along the bedded zone in Unit 2b, which has passed from lower grade conglomerate rich facies into the sulphide rich zone. The mineralization in the tunnel has a limestone contact to the southwest and is being slashed to the northeast wall to determine true width. This drift which was started on July 16 and to date is 12.1 meters in length has an average width of seven meters for the first 4 rounds. The last 4 are currently being drilled for slashing to about 5-7 meters in width. Grades in the first rounds range from 71 to 275 grams silver and 0.25 to 0.55 percent copper per tonne. Assays are pending for the other rounds in this drift. The last four blasts from the 23rd through the 26th of July, 1998, which average 1.2 meters in advance each, have intersected a very high-grade zone of mineralization. Tom Chapin has reported that this zone visually has massive areas of tetrahedrite and chalcopyrite. Mr. Chapin reports that "shots 6,7,8, and 50% of 9 are probably high grade, with lots of visible tetrahedrite and some chalcopyrite." Sr. Navarro (mine manager) has reported to Mr. Chapin that the muck assay of blast six ran 380 gt/Ag (13.4 oz/per tonne). Mr. Chapin further states that "visually blast 8 was excellent with honeycomb style chalcopyrite and tetrahedrite in the rock. The face of blast 9 was loaded with tetrahedrite 3-5% and the back of the blast had 50% of it in similar material." Marshall Smith states "this data from the drift clearly proves we were correct with our earlier predictions as to blocking vs drilling to prove up the reserves. If we had used diamond drilling we could have underestimated the entire ore body, as it would clearly have understated the true value of the 3 and possibly 4 new zones of mineralization. These newly discovered extensions of the previous zones of mineralization will be measured by bulk sampling both on drifts and raised to determine the average grade for reserve definition for the apparent strike length of 180 meters for these new extensions to the ore body. This method of proving up reserves will also defray the costs as we are drifting in mill grade ore." Panther Resources is an active mining and exploration company with over 100,000 ha of property including the La Verde Mine, which is a producing silver/copper mine in the state of Sinaloa, Mexico producing over 400,000 ounces of silver annually. For further information on our company, please contact our office at 604-689-5377 or Fax: 604-689-3744 or visit our web-site www.pthr.com. Certain statements in this News Release constitute "forward-looking" statements' within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. ------ Previous Respond

To: Mr Metals who wrote (318)	8/8/1998 10:25:00 PM
From: CLK	Read Replies (1) \| Respond to of 324

Nice post. I used to own 1% of the Idaho Maryland in a previous incarnation (when it was in another company in which I had a large position). I could not get the site to work though but would like to check it out. How long has Emgold had the property? Have they had it a long time? The water is a serious problem with this mine. The property itself is spectacular at higher prices. It is an underground mine and expensive to operate. Still they have great reserves. Due diligence is advised on this one. Could be a good one to run a promo on. On the other hand at some point it could have good economics too. Permits in California are sometimes difficult, and environmental issues can be a concern. Title must be clear. That having been said, I will get more information now that I know where it has gone. The last I had heard whoever had it was thinking of selling the artesian water to make money with it..was that this group or another? A lot of gold in the ground per share..on that I agree with you fully. That is why I bought into the prior (private) company years ago that owned it. Chow.