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.

Gold/Mining/Energy : NANECO - NNE-A - The Big Time -- Ignore unavailable to you. Want to Upgrade?

To: Bob Lawson who wrote (83)	2/18/1999 10:35:00 AM
From: Gord Bolton	Respond to of 106

Easier to read NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: NANECO MINERALS LTD. ASE SYMBOL: NNE FEBRUARY 18, 1999 Naneco Intersects Very Significant Mineralization at its Jiawula Project, China CALGARY, ALBERTA--Recently received drill results from NANECO MINERALS LTD.'S Jiawula silver-copper-lead-zinc Zone No. 2 deposit in Nei Mongolia, China, continue to confirm mineable grades and thickness of massive to semi-massive sulfide mineralization. Of particular note was Core Hole J-98-22 intersected 4.75 meters (15.6 ft) which graded 400.74 g/mt Ag, 0.19 percent Cu and 16.63 percent combined Pb-Zn and contained a 1.98 meter (6.5 ft) interval grading 926.14 g/mt Ag, 0.41 percent Cu, and 36.06 percent Pb-Zn. In addition, Core Hole J-98-24 intersected a 10.75 meter (35.3 ft) interval grading 281.9 g/mt Ag, 0.37 percent Cu, and 22.86 percent combined Pb-Zn which contained a 8.40 meter (27.56 ft) interval grading 308.15 g/mt Ag, 0.41 percent Cu, and 21.48 percent combined Pb-Zn. Additional assays from intersects in J-98-22 and J-98-24 are listed below. /T/ Silver Copper Lead Zinc Depth of Values Values Values Values Intercept grams in in in Hole # in Meters per tonne Percent Percent Percent -------------------------------------------------------------- J-98-22 140.60-141.95 22.2 0.03 1.28 1.83 141.95-142.40 5.4 0.02 0.51 0.71 142.40-143.37 38.5 0.04 1.35 1.59 ------------------------------------------------------ 143.37-144.30 1062.8 0.21 23.20 8.26 144.30-145.35 805.1 0.59 27.19 12.93 1.98 meters 926.14 g/mt 0.41 25.32 10.74 percent percent percent ------------------------------------------------------ 4.75 meters 400.74 g/mt 0.19 Cu 11.24 Pb 5.39 Zn Ag percent percent percent ----------------------------------------------------- J-98-24 220.20-220.70 282.3 0.25 20.5 9.36 220.70-221.95 160.7 0.3 16.97 11.08 1.75 meters 195.44 g/mt 0.29 17.98 10.59 percent percent percent ------------------------------------------------------ 245.65-246.25 166.0 0.17 13.06 12.48 ------------------------------------------------------ 268.05-268.60 91.5 0.05 2.29 5.31 268.60-269.55 640.6 0.32 31.87 11.09 269.55-270.33 277.7 0.24 11.28 21.25 270.33-271.40 208.7 0.17 12.6 4.68 271.40-272.40 541.9 0.56 23.48 4.20 272.40-273.40 170.1 0.2 8.96 10.40 273.40-274.40 460.3 0.39 12.94 9.01 274.40-275.40 297.7 1.51 8.39 12.00 275.40-276.45 18.7 0.05 1.01 1.15 8.40 meters 308.15 g/mt 0.41 12.93 8.55 percent percent percent ----------------------------------------------------- Composite Width/Grade 10.75 281.9 g/mt Ag 0.37 Cu 13.76 Pb 9.10 Zn meters percent percent percent /T/ Results from Naneco's earlier drilling (combined mineralized intervals) include the following: /T/ (percent)(percent) J-98-1 17.10 m(56.10 ft) 171.60 g/mt Ag 0.21 Cu 11.05 combined Pb-Zn J-98-2 2.50 m (8.20 ft) 313.04 g/mt Ag 0.50 Cu 27.10 combined Pb-Zn J-98-3 3.00 m (9.80 ft) 191.87 g/mt Ag 0.34 Cu 22.77 combined Pb-Zn J-98-4 22.00 m(72.20 ft) 147.67 g/mt Ag 0.55 Cu 11.98 combined Pb-Zn J-98-5 12.00 m(39.40 ft) 113.80 g/mt Ag 0.35 Cu 13.26 combined Pb-Zn J-98-6 17.10 m(56.00 ft) 111.22 g/mt Ag 0.39 Cu 11.89 combined Pb-Zn J-98-7 6.00 m (19.70 ft) 112.60 g/mt Ag 0.24 Cu 10.84 combined Pb-Zn J-98-8 12.80 m(42.00 ft) 97.45 g/mt Ag 0.24 Cu 12.68 combined Pb-Zn J-98-9 23.40 m(76.78 ft) 67.62 g/mt Ag 0.29 Cu 12.06 combined Pb-Zn J-98-10 3.65 m (11.98 ft) 286.70 g/mt Ag 0.62 Cu 12.26 combined Pb-Zn J-98-11 10.50 m(34.45 ft) 220.74 g/mt Ag 1.36 Cu 16.48 combined Pb-Zn J-98-12 3.80 m (12.50 ft) 409.94 g/mt Ag 0.97 Cu 20.89 combined Pb-Zn J-98-13 3.95 m (12.90 ft) 136.80 g/mt Ag 0.23 Cu 19.46 combined Pb-Zn J-98-14 16.98 m(55.00 ft) 72.68 g/mt Ag 0.26 Cu 6.49 combined Pb-Zn J-98-15 7.35 m (24.10 ft) 163.49 g/mt Ag 0.55 Cu 10.12 combined Pb-Zn J-98-16 2.64 m (8.70 ft) 224.49 g/mt Ag 1.28 Cu 17.20 combined Pb-Zn J-98-17 0.88 m (2.89 ft) 199.04 g/mt Ag 0.42 Cu 12.43 combined Pb-Zn J-98-18 2.30 m (7.55 ft) 124.17 g/mt Ag 0.31 Cu 8.68 combined Pb-Zn J-98-19 3.35 m (11.00 ft) 299.21 g/mt Ag 0.52 Cu 25.36 combined Pb-Zn J-98-21 2.50 m (8.20 ft) 112.40 g/mt Ag 0.09 Cu 16.08 combined Pb-Zn /T/ Exploration of the Jiawula district will continue in conjunction with the development of the Zone No. 2 ore body with a goal of increasing production rates and reserves. Immediate plans call for the completion of a pre-feasibility study, additional metallurgical studies and mining and processing design to culminate in mine production in 1999. The Jiawula project is a joint venture between Naneco and Hulunbeir, a Chinese mining corporation. Naneco holds a 75 percent interest prior to payout and a 70 percent interest after payout from its investment in the project. -30-

To: Bob Lawson who wrote (83)	2/18/1999 11:56:00 AM
From: Gord Bolton	Respond to of 106

Daily zinc cash price metalprices.com Daily lead spot price metalprices.com Daily copper cash price metalprices.com real time silver, gold, platinum, palladium quoteline.com Market Depth-delayed albertastockexchange.com next to nothing on the ask up to .44 we may see that again soon. Bids--------------------ask 1---10,000----.29------4,000----.33 1---10,000----.28------5,000----.35 1---10,000----.27------10,000---.39 1---20,000----.26------10,000---.44