Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: bistineau_la who wrote (2144)	11/16/1998 11:15:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 5143

Julius- It was..psst..water as I remember: KEY word Tonnage and if they have this much we have 35 % more, ha- because we are drilling 35 % more feet - a THOUSAND vs their 650 feet! Get this<<<..estimated resource of 890,000 tons at a cut grade of 0.53 oz/ton....>> Not sucessfull, goodnight folks...get out the La Paz Maps... Your upload was successful! The URL for this file is: : H NO work try twottp://homepages.infoseek.com/~mgaugold/LaPazmaybes.wps homepages.infoseek.com Here is what I named this LaPaz Drill Program....Imitation Bonanza: ( Only MGAU is the real Bonanza) Your upload was successful! The URL for this file is: ( first try) :: homepages.infoseek.com in La Paz-maybe basis.wps Chuca : homepages.infoseek.com rom: list@canada-stockwatch.com Date: Mon, 16 Nov 1998 19:59:58 -0800 Subject: Stockwatch: Asia Minerals To: bondee@ma.ultranet.com X-Mailer: <WinNT's Blat ver 1.5> New High Grade Gold Drill Intersections on the Copperstone Property, Arizona Asia Minerals Corp AMP Shares issued 27,815,129 Nov 12 close $0.19 Mon 16 Nov 98 A 14 hole surface drilling program to confirm and extend the Northwest High Grade Zone was completed on 5 November. Assay results have been received for the first four holes. Two of these holes intersected high grade gold mineralization. A 'bonanza' grade intercept in hole A98-3 assayed 4.90 oz/ton (168 g/t) over 13.3 ft and hole A98-2 intersected 0.45 oz/ton (15.5 g/t) over 20.2 ft. All four holes intersected the mineralized zone. Holes A98-3 and A98-2 establish the continuity of high grade gold mineralization in the core of the Northwest High Grade Zone. This zone currently contains 474,000 oz. of gold in an estimated resource of 890,000 tons at a cut grade of 0.53 oz/ton. The zone remains open on strike and down dip. Further drill results will be reported when assay data is available. A pre-feasibility study of an underground mine to develop the Northwest High Grade Zone is being conducted by MRDI Canada. A copy of the Company's latest News Release is attached. A visit to our website at asia-minerals.com ( It require a registration..honest so I deadened it) will provide detailed information on the Copperstone project and the Company. COPPERSTONE DRILLING PROGRAM NEW RESULTS EXTEND HIGH GRADE GOLD DEPOSIT 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; Angle Hole (degrees) Zone Section ----- ------- ---- ------- >From To Length Gold Gold (ft) (ft) (ft) (oz/t) (g/t) ----- ----- ------ ------ ----- A98-1 90 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 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 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 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. David C. Owens President For Further Information Contact: Lucy Liu or visit Asia Minerals at asia-minerals.com 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.