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

To: Walter Kraus who wrote (610)	1/28/1999 7:00:00 PM
From: Walter Kraus	Respond to of 673

Blue Desert acquires third property in Alaska Blue Desert Mining BDE Shares issued 7,648,072 Jan 27 close $0.22 Thu 28 Jan 99 News Release Mr. Brian Fairbank reports Blue Desert has completed staking of the Sahara property five miles east of Teck/Sumitomo's Pogo property in the Tintina gold belt, Alaska. The Sahara property consists of prospecting sites and mineral claims covering 17.5 square miles. Prospecting sites secure exploration rights that are convertible to mineral claims within a two-year period. In Alaska, claims can be recorded up to 90 days after finding the claim posts in the field; thus for a further period, Blue Desert's claims may be superseded by competing claims. At the time of staking of the Sahara block, there was no physical indication of any prior claims (such as claim posts). Recent industry interest in the Pogo region 140 kilometres southeast of Fairbanks, Alaska has been sparked by a gold discovery on the Pogo property. On Oct. 27, 1998 Teck, Sumitomo Metal Mining and Sumitomo Corporation announced an updated geological resource of 9,980,000 tons grading 0.52 of an ounce per ton or 5.2 million ounces of contained gold. The gold reserves are contained in two flat-lying, stacked quartz lodes in gneissic rock adjacent to an intrusive stock. To the southeast of the main deposit, a series of gold showings occur in quartz zones within gneiss along an eight-mile trend parallel to the intrusive contact. Further development by Teck/Sumitomo may increase the resource outlined to date. Blue Desert's Sahara property is in a favourable geological environment for the formation of a Pogo-style gold deposit. The company now has a 100 per cent interest in three large properties in the area (Gobi/Portal, Sahara and West Point) and will consider joint venture proposals on a portion of its holdings. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com