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Gold/Mining/Energy : AMP.C Asia Minerals - About to take off: -- Ignore unavailable to you. Want to Upgrade?

To: Jim P who wrote (108)	11/8/1998 10:21:00 PM
From: Dan P	Respond to of 135

Jim and others: Any news on this company? Regards Dan

To: Jim P who wrote (108)	11/10/1998 7:08:00 AM
From: Dan P	Read Replies (1) \| Respond to of 135

Jim: News release on Arizona property: Regards Dan Asia Minerals Corp. - Copperstone Drilling Program New results extend high >grade gold deposit > > > VANCOUVER, Nov. 9 /CNW/ - ASIA MINERALS CORP. > Trading Symbol: ASE - AMP > > Asia Minerals Corp. (ASE: AMP) is pleased to report the results of the >first four holes drilled to test the Northwest High Grade Zone on the >Copperstone gold property located in La Paz County, Arizona. The four holes >are part of a 14 hole surface drilling program to confirm and extend the >Northwest High Grade Zone that contains 474,000 oz. of gold within an >estimated resource of 890,000 tons at a cut grade of 0.53 oz/ton. > Gold mineralization in the Northwest High Grade Zone is associated with >the Copperstone detachment fault and occurs within a sequence of brecciated >and silicified limestones and siltstones. This sequence typically includes >massive specularite, chlorite, manganese oxide, gold and copper oxide >mineralization. Drill holes A98-1, A98-2, A98-3 and A98-11 all intersected the >mineralized sequence. Hole A98-3 intersected 'bonanza' grade mineralization >grading 4.90 oz/ton gold over 13.3 ft. An intercept in A98-2 grades 0.45 oz/t >gold over 20.2 ft. The detailed results are reported below; > > > Hole Angle Zone Section From To Length Gold Gold > (ft) (ft) (ft) (oz/t) (g/t) > ------------------------------------------------------------------------- > > A98-1 90 deg. D 156 550.5 552.6 2.1 0.04 1.25 > A98-1 552.6 554.0 1.4 0.01 0.53 > > Summary 550.5 554.0 3.5 0.03 0.96 > ------------------------------------------------------------------------- > > A98-2 90 deg. D 155 592.8 596.4 3.6 0.90 31.01 > A98-2 596.4 602.0 5.6 0.47 16.21 > A98-2 602.0 606.3 4.3 0.01 0.46 > A98-2 606.3 609.6 3.3 0.68 23.19 > A98-2 609.6 613.0 3.4 0.28 9.50 > > Summary 592.8 613.0 20.2 0.45 15.51 > ------------------------------------------------------------------------- > > A98-3 90 deg. D 157 623.7 628.7 5.0 1.04 35.52 > A98-3 628.7 632.0 3.3 0.00 0.11 > A98-3 632.0 637.0 5.0 12.01 411.72 > > Summary 623.7 637.0 13.3 4.90 168.16 > ------------------------------------------------------------------------- > > A98-11 90 deg. D 156 651.3 655.3 4.0 0.04 1.45 > A98-11 655.3 658.1 2.8 0.12 3.96 > > Summary 651.3 658.1 6.8 0.07 2.48 > ------------------------------------------------------------------------- > > > Holes A98-1, A98-2, A98-3 and A98-11 were drilled to test the strike and >dip continuity of high grade mineralization in hole C97-24 (1.60 oz/t gold >over 25.0 ft from 570.0 ft to 595.0 ft.), drilled in 1997 on Section 156. The >high grade intersection in hole A98-3 (4.90 oz/t over 13.3 ft.) is 100 ft. on >strike to the northwest of C97-24 and the intersection in A98-2 (0.45 oz/t >over 20.2 ft.) is 70 ft. on strike to the southeast of C97-24. The gold >mineralization in this zone is open to depth and on strike. > The initial drilling results confirm that the Northwest High Grade Zone >has the geological potential to host a 1 million ounce gold deposit. Holes >A98-1, A98-2, A98-3 and A98-11 establish the strong continuity of the >mineralized zone and the host stratigraphy. The intersections in holes A98-2 >and A98-3 illustrate the frequent occurrence of 'bonanza' grade gold within >the zone of mineralization. > The Copperstone drilling program has been conducted according to a >rigorous Quality Assurance /Quality Control (QA/QC) program established >jointly by Asia Minerals and MRDI Canada - a division of H.A. Simons Ltd. The >QA/QC program includes best practice procedures for geological and >geotechnical logging, sample collection, chain of custody control for drill >core and samples, sample preparation and analytical protocols. MRDI Canada >staff have made two visits to the Copperstone property during the drilling >program. > Boart Longyear is the contractor for the drilling program. All holes are >HQ diameter core drilled through the mineralized zone. Down hole lengths are >approximately equal to true thickness. The primary assay laboratory is >Intertek Testing Services (Bondar Clegg). Samples are prepared in Sparks, >Nevada and assayed in Vancouver using a 2 assay ton pulp sample. A fire assay >protocol with an AA finish is used on all samples. Coarse blanks, reject >duplicates, core shed reference samples and Standard Reference Material (SRM) >have been inserted 'blind' into the sample stream to demonstrate and quantify >the reliability of the assay data. > The 14 hole drilling program in the Northwest High Grade Zone was >completed on 5 November. Further results will be announced as soon as the >assay data is available. An independent pre-feasibility study of an >underground mine to develop the Northwest High Grade Zone is being conducted >by MRDI Canada. > Asia Minerals owns a 25% interest in the Copperstone property and has an >option to earn up to an 80% interest by spending US$3 million on the property >and making a further US$1 million option payment to Arctic Precious Metals >Inc., a subsidiary of Royal Oak Mines Inc. > > Dated at Vancouver, British Columbia the 9th day of November 1998. > > ON BEHALF OF THE BOARD OF DIRECTORS OF ASIA MINERALS CORP. > > (signed) > ----------------- > David C. Owens > President > > The Alberta Stock Exchange has neither approved nor disapproved the >information contained herein. > > Certain statements in this News Release constitute ''forward-looking >statements'' within the meaning of the Private Securities Litigation's Reform >Act of 1995. 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 >of achievements expressed or implied by such forward looking statements. > -0- 11/09/1998 > >For further information: Lucy Liu (604) 669-5728, fax (604) 669-4793 or >visit Asia Minerals at asia-minerals.com > >-------------------------------------------------------------------------- >Release sent courtesy of Canada NewsWire Portfolio Email. > >To update your email portfolio, point your web browser here: > > portfolio.newswire.ca > >