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Gold/Mining/Energy : LEADER MINING INTERNATIONAL - LMN:ASE -- Ignore unavailable to you. Want to Upgrade?

To: gmweber who wrote (17)	8/13/1998 11:31:00 AM
From: 1king	Read Replies (1) \| Respond to of 94

CALGARY, Aug. 12 /CNW/ - Leader Mining International Inc's systematic well organized exploration of the Knife Lake camp is yielding highly encouraging results. A gold - in - soil geochem anomaly has been discovered at the Company's Knife Lake Project Area, northeastern Saskatchewan, Canada. Gold values of up to 4.3 g/t Au have been discovered in soil samples. This strong gold anomaly has the following characteristics: Anomaly Size: 800 meters x 200 meters - Open along strike and to depth Geochem results from 65 soil samples are as follows: 4 Samples yielding greater than 1000 ppb (up to 4,300 ppb Au or 4.3 g/t Au) 16 Samples yielding greater than 100 ppb 45 Samples yielding greater than 10 ppb (Background is 5 ppb Au) (x) All samples assayed by TSL Laboratories of Saskatoon, Saskatchewan, Canada. The gold anomaly is located along a 1.5 km long NW - SE trending fault, sub-parallel to the silver bearing fault, located 300 m to the northeast. The previously announced silver mineralization ( 1998 - Drill Hole No.308 intersected 71 m at 49.07 g/t Ag including 3 m at 320 g/t Ag) has been discovered along a 5 km long fault. Native silver as wires is noted in a petrographic study. To follow-up these gold and silver discoveries an IP Survey over approximately 25 sq. km is planned to outline drill targets. The Knife Lake Project is located approximately 60 km northeast of the currently producing Seabee Gold Mine. ------------------------------------------------------------------------ Due to other personal commitments Mr. Frank S. Miller has stepped down as Director of Leader Mining. The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. -30- For further information: Mr. Jasi Nikhanj, (403) 234-7501, Fax: (403) 234-7504, E-mail: gen-info@leadermining.com, Website: www.leadermining.com, or Mr. Michel Paquet, Hedlin/Lauder Associates Inc., (403) 266-1312, Toll Free: (888) 820-5511, Fax: (403) 269-7566, E-mail: investing@leadermining.com