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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (2094)	8/6/1998 6:28:00 PM
From: AGORA	Read Replies (1) \| Respond to of 2635

Good afternoon to you all. Please find enclosed the latest press release from Mirandor Explorations, announcing the latest set of results form their joint venture project with Kinross Gold Corp. We are again pleased to see that the results found significant mineralization and anticipate that this project will continue to yield similar numbers as the project progresses. We had an opportunity to speak with Mr. James Speros very early this morning, who was very pleased with this latest set of results. He stated that the Railroad Project is far advanced from last year, with the involvement of Kinross Gold Corp, both from a due diligence standpoint and the systems that have been made available with the involvement of Kinross Gold Corp. In response to shareholder's concern over the results being a couple of days late, he asked us to advise that this was due to the logistics with all parties involved. Meaning, their contract with Kinross precludes MIQ from releasing results until all parties agree on the information to be released and are aware of the contents of such releases. with this framework sometimes timing is an issue. Mr. Speros advised that the drilling is continuing on the property and additional results will be forthcoming, possibly in early September. Their relationship with Kinross is going extremely well and both parties are excited about the progress to date and today's results. They fully expect to continue to obtain Carlin Trend type results and continued releases between now and the year end. The commitment of both MIQ and Kinross continues to be the firming up of a mine on the Railroad Property. In response to MIQ shareholder concern's with the recent announcement of Mr. Speros being named President and Chief Operating Officer for Sideware System's (SYD.V) U.S Operations, he has asked for us to pass along the following quote: "Rest assured I am still the President of Mirandor Explorations and nothing will pull me away from my responsibilities to MIQ, it's valued shareholders and the continued success of the company. I have a responsibility to our shareholders and a tremendous amount invested in this venture, I am looking forward to developing a long term relationship with Kinross and a continuation of our success to date". That is all for now. Have a great day. Regards, Agora Internet Relations Corp. --------------------------------- Kinross drilling confirms gold potential on Elliot High Ranch Mirandor Exploration Inc MIQ Shares issued 17,282,926 Aug 5 close $0.28 Thu 6 Aug 98 News Release Mr. James Speros reports Exploration Mirandor has released initial results from the first six holes drilled by Kinross Gold on Mirandor's Railroad project in the Carlin trend of Nevada. The first six holes drilled in the Elliot High Ranch area of the project (SE corner) all interested significant gold mineralization across impressive widths at shallow depths. The results are as follows: Hole Depth Length Au No. ft ft oz/t ----- --------- ------ ----- K98-1 250 - 360 110 0.022 K98-2 295 - 430 135 0.018 K98-3 325 - 450 125 0.016 K98-4 370 - 385 15 0.052 K98-5 200 - 215 15 0.046 K98-5 565 - 625 60 0.031 K98-6 275 - 280 5 0.043 The assays were done using fire assay by Bondar-Clegg. It must be emphasized that these are only preliminary results from the start up of the drill program which is expected to continue until the winter. Drilling continues and further results are expected shortly on a continual basis. In 1997, drilling by Mirandor at the Elliot High Ranch revealed the following results: Depth Length Au Hole No. ft ft oz/t -------- --------- ------ ----- Elliot High Ranch EHR 9707 225 - 560 335 0.023 330 - 560 230 0.047 EHR 9708 290 - 475 185 0.02 EHR 9709 250 - 275 25 0.024 320 - 345 25 0.032 EHR 9710 175 - 200 25 0.062 330 - 380 50 0.021 The gold mineralization encountered this year within the Elliot High Ranch structure implies an increase in the overall resource. The Railroad project (55 sq miles) is on the Carlin Trend and lies at the intersection of the Carlin Trend and the Pinon anticline structure. The project is adjacent to the producing Rain and soon to be operational Emigrant Spring gold mines. During 1997, Mirandor carried out an initial reconnaissance type drill program consisting of shallow holes in favorable areas. This short program resulted in the discovery of three new gold zones (Elliot High Ranch, Lt East and Bunker Hill) and enhanced the potential at the surface POD zone where probable reserves of 1.4 million tons at a grade of 0.085 are presently known. Kinross and Mirandor formalized an agreement in March of this year whereby Kinross may earn a 50 per cent interest in the project by expending $10-million and an additional 10 per cent by expending $7.5-million on a positive feasibility study. Upon completion of the positive feasibility and Kinross will furnish, if necessary, the completion guarantee on Mirandor's behalf. Based on these initial results received at the start up of a major drilling program on a high potential property, Mirandor is awaiting results from the next holes. (c) Copyright 1998 Canjex Publishing Ltd. -------------------------------------- DISCLOSURE STATEMENT AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc. for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in Mirandor Explorations Inc. AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals. AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in the company.

To: jocko who wrote (2094)	8/6/1998 6:35:00 PM
From: Bob Tate	Read Replies (2) \| Respond to of 2635

Since we all wait for results , here is my observation. I do not mind reading all that may effect MIQ value directly or indirectly. Since politics already played out and MIQ has solid partner there is no much difference what Mr. James L. Speros does. I met him in 97 and he is energetic man capable to manage several outfits. In fact I'm not sure if it was him that MIQ had deal with Kinross but very possible. I always like to compare what MIQ shown to date with other properties in North America. This is easy way to estimate potential of their find in Nevada. Here is latest report on similar type of mineralization and grades being developed by Placer Dome in Donlin Creek , Alaska. "Placer is caring out an aggressive helicopter supported drill program on its Donlin Creek project, with three rigs turning. Placer expects to be ready to advance the potentially open-pit prospect to poissibility stage by January 1999. A measured and indicated resources is estimated at 53 million tons grading 0.07 oz gold, equivalent to 3.7 mil oz total. Total resource stands at 62 mil tons grading 0.1 oz, based on a cutoff grade of 0.058 oz. This is equivalent to 6.7 mill oz. The shallower, higher grade portion of the mineralized system, Acme lies 800 meters south of the existing resource and has the potential to serve as a starter pit." October 22, 1997 Mirandor press release stated. The present program had been designed to test for Carlin type surface bulk minable deposits (i.e. Goldstrike, Maggie Creek), however the high grade results to date at such shallow depths has surprised us, and clearly demonstrates the project's potential not only for lower grade Carlin type surface deposits (as evidenced by our results to date in LT East, EHR and POD) but for higher grade deposits (i.e. Rain, Meikle). Least likely Kinross will change that policy unless they find something totally different. Based on fact that any type exploration, development and mining in Alaska is much more expensive than Carling trend, we can assume that cutoff grade of 0.058 oz used by Placer in Alaska can be cut to 0.015 (about 0.5 g/t) oz/ton for carlin bulk type. Now if you look at all assay grades reported by MIQ on Railroad, most of them fall above 0.015 ( see reports daisy.lino.com and potentially could be counted as minable resources. Pod and Bunker Hill shown high grades from 0.12 to 0.6 oz of Gold with Copper present in some samples, and in Bunker Hill case right at the surface (just covered enough so nobody before MIQ was able to see it). If MIQ can prove economy of scale for bulk type open pit resource the whole thing will explode. I know for fact that investors who have been in it from first drill results produced in 1997 are there for same reason, in fact some of them participated in Baricks rise to glory that started from Carlin Trend too. As i said politics do not mater any more, just drill results and price of gold. Relax and keep your shares tight. Just as I was ready to post here are first results from 98 drilling . Hole #5 intersecting to mineralized zones. All six holes for a total 10 drilled to date in the Elliot High Ranch area of the project intersected gold mineralization starting at 200 feet deep. Length of intersections are impressive, indicating substantial resource may be present. Hole Depth Length Au No. ft ft oz/t ----- --------- ------ ----- K98-1 250 - 360 110 0.022 K98-2 295 - 430 135 0.018 K98-3 325 - 450 125 0.016 K98-4 370 - 385 15 0.052 K98-5 200 - 215 15 0.046 K98-5 565 - 625 60 0.031 K98-6 275 - 280 5 0.043 After reading last postings i tend to disagree these are bad results. Results simply confirm continuity of previously identified zone. Low cost gold production is not based on mining widely dispersed 10 inch wide veins graded at 1 oz /ton. It is based on open pit bulk mining with consistent ore grades and continuity at average grade often under 0.1 oz /t with up to 0.015 oz/t cut of grade. It is a numbers game. If you noticed they do not report anything bellow 0.015. Providing there is more and enough of it is positive. As reported in late issue of Northern Miner on POG: - From … release issued by the Geneva- based World Gold Council The rise of gold swaps The launch of the European Central Bank in July and the approach of European monetary union raise a number of interesting possibilities for gold in the official sector. At the same the, the lack of transparency in the activities of central banks in the gold market may be misleading traders, analysts and investors In the past few years an increasing number of central banks have been managing their gold reserves in such … way as to improve the return on their holdings These banks have been especially active in the gold leasing and swaps markets In the past two years alone Gold Fields Mineral Services estimates that the official sector has mobilized another 1,000 tones bringing the amount of central bank gold to the market to more than 3,700 tonnes The lack of transparency in these arrangements has created the impression that more gold has been sold than is actually the case. Statistics from the Internahona1 Monetary Fund (IMF) show that total gold holdings in the official sector have declined by only 921 tonnes or 2.6%, over the past three years from 34,781 tonnes at the end of 1994 to 33,860 tonnes at the end of 1997. This contrasts sharply with the perception that there has been a wave of central bank selling There have been a number off high-profile sales from countries such as Argentina and Australia, and earlier this year the Belgians disclosed having sold 299 tonnes But this latter sale was conducted through five other central banks and IMF statistics would seem to indicate that gold from several other central bank "sales" has ended up in other official holdings. The Bank of Portugal is one central bank that has admitted to using gold swaps as part of its po1icy to secure the maximum possible yield from its reserves but it has not sold any gold. Likewise, the Austrian central bank makes no secret of its use of gold swaps and recently revealed that its holdings had "fallen" by 83.2 tonnes Yet this decrease was not represented by outright sales; rather, it reflects an increase of 69.7 tonnes in gold swaps (which will return to reserves on maturity). Gold swaps and deposits by the of6cia1 sector have risen significantly in recent years to meet an increase in the demand for liquidity in the market. These swaps and sales may have been misinterpreted as out-right sales, thereby contributing to the negative market sentiment for gold, - From … release issued by the Geneva- based World Gold Council