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Gold/Mining/Energy : BLUE DESERT MINING, BDE-ASE -- Ignore unavailable to you. Want to Upgrade?

To: Walter Kraus who wrote (591)	11/16/1998 9:45:00 AM
From: Walter Kraus	Read Replies (1) \| Respond to of 673

News Release South Midas project Summary Blue Desert Mining Inc BDE Shares issued 7,648,072 Nov 9 close $0.06 Mon 16 Nov 98 News Release Also Golden Glacier Resources Inc (GGA) Also Romarco Minerals Inc (R) Mr. Brian Fairbank reports The South Midas agreement between Romarco Minerals, Golden Glacier Resources and Blue Desert Mining has been renewed for further exploration in 1999. Drilling targets are high grade, epithermal gold veins such as those that occur at the Ken Snyder mine, under construction seven miles to the northeast. Gold deposition in the Midas district is vertically controlled with gold ore being deposited within a certain elevation range. Planned work at South Midas will test the hypotheses that gold horizon may be at the elevation of the gold showings at surface. Surface mapping and sampling will extend uphill northward and eastward from the area drilled earlier this year. Additional drill holes are planned at higher elevations along the extensions of the Maui fault and other gold structures. During 1998, Romarco completed a rock geochem program confirming previous high grade surface samples. Twelve of 32 Romarco samples were highly anomalous in gold with a high assay of 0.55 ounces/ton from a silicified shear zone with quartz stringers cutting basaltic andesite in the Kihei zone. This is the location of Newmont samples reported to assay 1.2 and 0.81 ounces/ton gold. A select chip sample of quartz stockwork cutting rhyolite within the Wailea zone assayed 0.164 ounces/ton gold and 4.35 ounces/ton silver. Silicified, brecciated rhyolite with narrow stockwork veining within the Maui fault is locally anomalous in gold and silver (0.03 ounces/ton gold, 4.14 ounces/ton silver). Four reverse circulation angle holes, drilled to depths of 420 to 800 feet below gold mineralization at surface indicated only weak and sporadic gold values. Two of the holes hit artesian water flows and one had to be completed before reaching its planned depth. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com