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Gold/Mining/Energy : Any Good Penny Resources Left? -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (750)	2/10/1999 8:12:00 AM
From: Ken Sammut	Respond to of 753

NPEC and MDIN moving up nicely with news expected on NPEC as early as today and news regarding MDIN's drilling of one of their properties next week. Visit the NPEC and MDIN threads for more information. Ken

To: CIMA who wrote (750)	2/10/1999 1:59:00 PM
From: keith schaefer	Respond to of 753

For Release: February 10, 1999 TRADING SYMBOL “EGD-V” LONGYEAR DRILLING UPDATE EXTRA HOLES PLANNED ENERGOLD MINING LTD. (EGD-V) announces that as of Friday, February 5th, 1999, the fourteenth of an originally planned 17 diamond drill holes was in progress. A total of 785.66 meters of drilling has been completed in the first 13 holes with excellent overall recoveries in an oxide cap over an underlying zone of sulphide mineralization. The 13 holes were drilled within a 350 by 500 meter area at an azimuth of 060 degrees and inclinations ranging from –60 to –80 degrees. The average hole depth is 60.43 meters with the shortest hole drilled to 33.2 meters and the longest to 108.54 meters. True depth from surface to the base of the oxide cap ranges from 14.39 meters to greater than 82.8 meters and averages 35.48 meters. Four holes bottom in oxides, the remainder intersect and bottom in the underlying sulphide zone and/or associated strong sericite-silica alteration over intervals of up to 93.64 meters downhole. The oxide cap contains variable amounts of iron oxides ranging from lenses of massive limonite to boxworks (after pyrite?) which make up from 2% to 15% of the rock. Malachite, azurite and manganese oxides, as well as graphite locally, are noted. The unoxidized portion of the holes show locally intensely deformed quartz-sericite schist. The schist is variably to intensely clay-silica-sericite altered, locally graphitic, with meter to tens of meter intervals of massive, semi-massive and disseminated sulphides (mainly pyrite with minor amounts of chalcopyrite and sphalerite) throughout. The drill program has been extended to include an additional 200 meters of drilling in three extra holes to better define and extend zones of potential interest. The additional drilling should be completed by February 15th, 1999. Preliminary logging of the core is complete for the holes drilled. Preparation of the core is underway prior to shipment of samples to Canada for analysis. Results are expected to be received by Energold in early March, 1999. On behalf of the Board of Directors For more information please contact: Keith Schaefer 604-681-9501 (signed) H. Walter Sellmer The Vancouver Stock Exchange has neither approved nor disapproved this release. 900-543 Granville St. Phone: 604-681-9501 Vancouver BC V6C 1X8 Fax: 604 681-6813 energold.com keith@energold.com