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

To: Karl Zetmeir who wrote (2576)	2/4/1999 1:05:00 PM
From: Paunch	Read Replies (1) \| Respond to of 5143

Karl, Now biding 1.06 and asking 1.09, something happening? anyone?

To: Karl Zetmeir who wrote (2576)	2/4/1999 5:12:00 PM
From: Karl Zetmeir	Read Replies (1) \| Respond to of 5143

February 04, 1999 16:38 MG Natural Resources Corp. Reports Confirmation Recovery Assays on Bulk Test PHOENIX--(BUSINESS WIRE)--Feb. 4, 1999--MG Natural Resources Corp. (OTC BB:MGAU) has received the first confirmation recovery assays on the 500 pound Sinagua Cinder Cone. Following a chain of custody with only MG management in possession, a composite sample was taken from a one square kilometer area. The sixteen samples were at 250 meter spacings. The chain of custody began on Dec. 9, 1998 with MG management processing the ore utilizing Johnson/Lett technology. On Dec. 30, 1998 the five hundred pounds was gravity and centrifugally concentrated into 157.5 pounds of concentrate. On Jan. 12, 1999, those 157.5 pounds were further table concentrated into 34.846 pounds. Continuing with the chain of custody and J/L technology, one lab prepared the samples and another performed the assay. The following concentrate recovery assays have been received from a major, registered, certified analytical laboratory: Concentrate No. 1 0.576 opt/au Concentrate No. 2 0.605 opt/au Concentrate No. 3 0.252 opt/au Concentrate No. 4 0.679 opt/au Concentrate No. 5 0.705 opt/au These fire assay grades have been back calculated to an average head ore of 0.563 opt/au. The samples are in the process of refining. Based on these positive results, MG management has begun pilot plant planning with the goal of limited production by the end of this quarter. In keeping with the company's mission, by mid-year a positive cash flow from pilot plant production is anticipated.