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To: Bob Lawson who wrote (18)	10/1/1998 3:48:00 PM
From: Bob Lawson	Read Replies (1) \| Respond to of 28

THE BEST SO FAR .. with 24 more holes to come Naneco Minerals Ltd - Phenomenal assays Naneco Minerals Ltd NNE Shares issued 17,668,496 1998-09-30 close $0.36 Wednesday Sep 30 1998 Calgary, Alberta Phone (403) 232-6833 Fax (403) 232-6463 Toll free 1-877-2NANECO (1-877-262-6326) naneco.com mailto: miningco@ab.imag.net NANECO MINERALS ANNOUNCES PHENOMENAL ASSAYS Continued drilling on NANECO MINERALS LTD.'S Jiawula zinc-silver-lead-copper deposit in Nei Mongolia, China, has again intercepted HIGHLY SIGNIFICANT MASSIVE TO SEMI-MASSIVE SULPHIDE MINERALIZATION within Zone No. 2 in Core Holes J-98-4, J-98-5, J-98-6. Of particular significance in Hole J-98-4 is the 10.0 m (32.8 ft) interval from 188.0 m to 198.0 m with weighted averages 260.0 g/mt Silver, 1.05% Copper, and 19.58% combined Lead-Zinc. Additionally, an interval in Hole J-98-5 from 124.6 m to 132 m (24.3 ft) graded 160.52 g/mt Silver, 0.52% Copper, and 19.2% combined Lead-Zinc and a 3.8 m (12.5 ft) interval in Hole J-98-6 intercepted grades of 240.2 g/mt Silver, 1.07% Copper, and 22.07% combined Lead-Zinc. The full intercepts and noted intervals are listed below. Depth of Silver Copper Lead Zinc Intercept Values Values Values Values (metres) g/t % % % Hole J-98-4 155.95-156.8 224.9 0.37 3.97 17.69 171.60-172.6 6.8 0.01 1.13 1.23 172.60-173.8 14.9 0.07 1.37 1.85 174.20-175.5 38.0 0.06 2.16 4.24 179.10-180.1 9.3 0.02 1.05 0.82 180.10-181.1 22.4 0.08 1.23 2.05 181.10-181.7 6.0 0.02 0.72 0.81 181.70-182.6 124.8 0.11 5.29 7.59 185.25-186.25 128.9 0.36 2.06 5.13 186.25-187.25 79.0 0.35 0.65 4.96 187.25-188.00 4.0 0.03 0.25 0.29 188.00-189.00 194.0 0.47 0.95 20.92 189.00-190.00 110.7 0.39 2.65 12.51 190.00-191.21 320.9 0.57 11.56 27.09 191.21-191.50 24.7 0.04 1.22 1.01 191.50-192.00 115.4 0.42 0.24 21.49 192.00-193.00 117.7 0.58 0.16 20.15 193.00-194.00 248.8 1.49 0.44 16.22 194.00-195.00 479.9 2.55 0.99 7.68 195.00-196.00 462.2 2.20 1.14 10.25 196.00-197.00 349.8 0.97 0.66 19.62 197.00-198.00 183.7 0.95 0.77 22.39 From 188.00-189.00 = 10.00m 259.99 1.05 2.22 17.36 198.00-199.40 17.8 0.08 0.83 2.09 Weighted Average over 22.0m 147.67 0.55 1.94 10.04 Hole J-98-5 124.6 -125.6 159.8 0.69 16.51 11.52 125.6 -126.6 164.5 0.57 14.86 8.5 126.6 -127.6 98.4 0.25 7.16 5.83 127.6 -128.6 200.8 0.3 9.14 7.79 128.6 -129.6 192.1 0.57 3.12 17.99 129.6 -130.6 127.5 0.47 1.69 10.05 130.6 -132.0 174.8 0.71 2.66 17.02 From 124.6-132.0 = 7.4m 160.5 0.52 7.6 11.56 Hole J-98-5 Continued 190.00-191.21 320.9 0.57 11.56 27.09 163.70-164.1 50.3 0.10 0.73 3.07 165.60-166.6 78.6 0.08 0.96 6.0 166.60-167.6 44.0 0.21 0.72 1.12 167.60-168.6 25.4 0.04 1.71 3.67 168.60-169.8 8.0 0.01 0.64 0.86 Weighted average over 12m 113.8 0.35 5.05 8.21 Hole J-98-6 190.00-191.21 320.9 0.57 11.56 27.09 127.50-128.5 68.7 0.10 5.60 2.02 128.50-129.5 32.1 0.13 1.15 1.92 129.50-130.5 165.4 0.21 8.91 10.85 130.50-131.5 78.5 0.13 5.24 9.74 131.50-132.5 20.4 0.05 2.22 1.81 132.50-133.5 22.4 0.10 2.29 2.65 133.50-134.5 101.2 0.17 7.59 4.32 134.50-135.5 118.3 0.16 7.03 5.09 135.50-136.5 70.7 0.09 5.44 3.93 136.50-137.1 100.5 0.20 7.58 6.75 137.1 -138.1 379.2 1.28 2.63 18.58 138.1 -138.55 255.4 1.33 8.16 24.10 138.55-138.9 171.7 0.74 1.67 32.66 138.9 -139.9 260.5 1.22 7.42 12.83 139.9 -140.9 97.9 0.72 1.90 13.98 From 137.1-138.1 = 3.8 m 240.2 1.07 4.26 17.81 140.90-141.9 84.6 0.83 1.25 6.26 141.90-142.9 95.2 0.22 3.98 4.50 142.90-143.9 19.8 0.08 0.70 1.86 143.90-144.6 73.7 0.23 0.95 4.36 Weighted average over 17.1m 111.22 0.39 4.3 7.59 Earlier results from Holes J-98-1, J-98-2, and J-98-3 were as follows: J-98-1 intercepted a 17.1 meter interval (56.1 ft) grading 171.6 g/mt Silver, 0.21% Cu, 6.91% Pb, and 4.14% Zn which contained a 3.5m (11.5 ft) interval grading 439.3 g/mt Silver, 0.64% Cu, and 25.0% combined Pb-Zn. J-98-2 intercepted 2.5 meters (8.2 ft) grading 313.04 g/mt Silver, 0.5% Copper, 15.53% Lead, and 11.56% Zinc. J-98-3 intercepted 3.0 meters (9.8 ft) grading 191.87 g/mt Silver, 0.34% Copper, 11.82% Lead, and 10.95% Zinc. Naneco's technical staff continues to be encouraged by both the substantial thickness and extremely high grades encountered in the confirmation and exploratory drilling. Naneco's staff further believes these data support the tremendous potential of the Jiawula district where Naneco holds a 700 sq. km. Area of Interest. The Jiawula deposit Zone No. 2 currently being tested is only one of forty identified outcropping zones of silver-copper-lead-zinc mineralization in Naneco's Area of Interest. Naneco has completed a total of 30 confirmation and exploration core holes to-date on Jiawula No. 2 Zone with sample cutting completed on-site and one-half core samples being shipped to ITS in Vancouver for assaying. The remaining one-half core is stored at the Jiawula mine site. Assays will be reported as available. Drilling will continue through 1998 to explore further along the trend of Zone No. 2 and to expand on the known mining resource. For further information please contact: Archie J. Nesbitt, President or Raju Wani, Corporate Development Phone (403) 232-6833/ Fax (403) 232-6463 Toll Free 1-877-2NANECO (1-877-262-6326) Email: miningco@ab.imag.net Visit Our Website: www.naneco.com Investor Relations please contact: Dan Patience of Noble House Investments Inc. Phone: (403) 262-7111 Toll Free 1-800-499-2388