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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: Mike Paulin who wrote (2324)	12/11/1998 11:13:00 AM
From: Mike Paulin	Read Replies (1) \| Respond to of 2635

BX November 17 PR As a reminder, this is BX last month PR, and it may have something to do with the present move. Also, something that I did not put attention before; it said that Kinross can earn a 50% interest in the property by spending US$7 millions, This contrary to mi first thinking will mean that Kinross can just get out of this agreement by not spending the money and walking out. They not appear to be binded to spend any more money if they want out. Any comments? Sincerely, Michel EXPLORATION BREX INC. PRESS RELEASE , NOVEMBER 17, 1998 Exploration Brex Inc. today announces that it has completed its acquisitions process of the POD group of claims by signing an agreement that purchases all its advance production royalties. Brex owns 50% of the POD group allocated by Exploration Mirandor Inc. Brex will issue, subject to regulatory approval, 3.5 million shares to a private Nevada company, to complete the agreement and purchase the royalties on the POD claims. The property is in the Railroad district of the southeastern part of the Carlin Trend, 7 kilometers south of Newmont Gold's operating Rain underground gold mine and 8 kilometers southwest of Newmont's soon-to-be-opened Emigrant open-pit gold mine. Geologically, the POD property has lower plate Devonian rocks exposed on surface. The rocks are intensely altered and silicified with large areas of exposed jasperoid. These are the rock types that host the major gold deposits in the Carlin Trend. All showings, including the surface POD deposit, are bounded by high-angle northwest-trending faults. The geological resources as at July 1997 stood at 1.4 million tons @ 0.085 oz/ton gold. (D. Gaudreault, July 1997) The POD claims are subject to the Kinross joint venture agreement whereby Kinross can earn a 50% interest in the Railroad project by expenditures of $ 7 million US in exploration and an additional 10% by spending another $ 5 million dollars US on a positive feasibility study. For more information, please contact; Andrew J. McQuire, president Tel: (416) 594-9381 Fax: (416) 594-3446 --

To: Mike Paulin who wrote (2324)	12/11/1998 11:25:00 AM
From: Mike Paulin	Respond to of 2635

MIQ PR NEWS Railway project results Mirandor Exploration Inc MIQ Shares issued 18,630,406 Dec 10 close $0.30 Fri 11 Dec 98 News Release Also Kinross Gold Corp (K) Mr. James Speros reports Exploration Mirandor has received the following information from Kinross Gold concerning the Railroad project in Nevada. The drilling program continues at the Railroad project, where Kinross is earning a 60 per cent joint venture interest in a large Carlin Trend land position with Exploration Mirandor. Work to date has provided encouragement at several near-surface targets. Stepout drilling in one area has cut promising mineralization. A fence of three holes had the following mineralized intersections: Hole Thick- Depth Au ness ft ft oz/t K98-26 35 45 - 80 0.2374 K98-27 85 75- 160 0.0819 includes 20 0.227 K98-36 100 145-245 0.0392 includes 20 0.102 In the near vicinity drilling has also hit: Hole Thick- Depth Au ness ft ft oz/t K98-18 30 15- 45 0.036 K98-30 80 90-170 0.046 K98-37 105 265-370 0.121 K98-49 70 855-925 0.110 K98-55 85 375-455 0.072 The geologic setting and host rocks are largely similar to those at the nearby Rain deposit where Newmont produced more than one million ounces of gold from an open pit and is currently developing an underground resource for production Holes 26, 27, 36 were drilled on section and was a stepout fence designed to discover the possible continuation of the surface POO deposit (geologic resources as at July 1997 of 1.4 million ton at 0.085 oz/ton gold), (D. Gaudreault, July 1997). These stepout holes now further extend the known strike length of the POO deposit to the east. Holes 18, 37 and 55 were drilled in the vicinity, while hole No. 30 was drilled approximately 1,400 feet east of the POO deposit. Hole No. 49 is a new discovery hole and is approximately 2,900 feet south southeast of the POO deposit towards the Bunker Hill zone which was discovered in 1997 by Mirandor. Bunker Hill is feet southeast of hole 49. Kinross and Mirandor have an agreement whereby Kinross can earn a 50 per cent interest in the Railroad project by expending approximately $10-million on an additional 10 per cent by expending a further $7.5-million on a positive feasibility study. The Railroad project, consisting of 55 square miles, is centred on the southern end of the Carlin Trend and lies at the intersection of the NW-SE Carlin Trend and the N-S Pinon anticline structure. It is within a Carlin erosional "window" exposing at surface favourable lower plate sedimentary rocks. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com