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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: waldo who wrote (1131)	11/5/1998 10:29:00 PM
From: waldo	Respond to of 3282

From ABX's 9 month report: (Thnx Frank :>) >>"The Pierina mine is on track to become Barrick's lowest cost mine in the fourth quarter. In addition, drilling at the Pascua project continues to expand reserves and drilling has recently been resumed to test the promising exploration targets on the Lama property in Argentina, across the border from Pascua. And: Pascua Project, Chile/Argentina The primary objective for 1998 for this project is to expand the reserve base and to determine the potential of the Lama property on the Argentinean side of the border, adjacent to Pascua. The underground drill program undertaken in the second and third quarters extended the Brecha Frontera and Pascua ore bodies into Argentina on the Lama property. A surface drill program of approximately 14,000 metres has begun to further delineate the extensions into Argentina. At Penelope, on the Lama property in Argentina two kilometres from Pascua, a 14,000-metre drill program has begun. The objective of the program is to expand the zone identified in the second quarter before drilling ceased for the winter season. The first two drill holes intersected a zone of high-grade mineralization, which was confirmed by surface sampling. Pilot tests on Pascua ore were completed in the third quarter. The pilot plant was the final test required to confirm recovery rates and cost assumptions for the proposed plant. Based on the results the final plant specifications are being completed. << W