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Gold/Mining/Energy : ENERGOLD (EGD.V) -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (105)	3/11/1999 9:45:00 AM
From: keith schaefer	Read Replies (2) \| Respond to of 130

Things to remember when reading this press release 1. Although the numbers didn't show economic grade, the holes were spaced far apart - 200 m. We've always known the background mineralization was not economic, and that we needed to intersect the higher grade zones we saw in the trenching, which were 20m - 30 m wide. This particular time, we didn't hit those zones. 2. The holes indicate there is mineralization from surface down to 100 m true depth, and is open at depth. Again, if this deposit is to be economic, those higher grade zones will have to be found, but the tonnage potential is still excellent. 3. These 7 holes came from the top of the hill at Longyear, where the oxides were shallowest. These first 7 holes would represent a very small portion of the oxide orebody. The longer oxide intercepts were in the last 14 holes. 4. At Pueblo Viejo, they didn't know what they had until they were at 25 m drill spacings. 5. We don't know what controls mineralization. These were prospecting holes, our first, and the type of rock we thought would run, didn't run consistently. 6. Atna is coming out with drill results on the first two holes for San Antonio later this week. 7. The second 7 holes from Longyear should be available within a week, the last 6 within 2 weeks

To: CIMA who wrote (105)	4/20/1999 10:50:00 AM
From: keith schaefer	Read Replies (1) \| Respond to of 130

Impact and Energold consolidate properties in Dominican Republic Impact Minerals Inc IPT Shares issued 15,866,781 1999-04-16 close $0.03 Monday Apr 19 1999 Mr. Richard Mazer reports The board of directors of Impact and Energold Mining have reached an agreement for the consolidation of property interests in the Dominican Republic. Energold will release Impact of all of its obligations and relinquish its back-in rights under an agreement dated Oct. 15, 1996, and subsequent amendments on the Los Ranchos project (including the El Brujo concession) for consideration in shares. Impact will also acquire the Baritina gold property in the Dominican Republic for consideration in shares. The value of both transactions will be determined by an independent valuation and is subject to regulatory and board approvals. Impact will seek shareholder approval for a consolidation of its share capital on a one new share for five old shares basis and approval of an overall reorganization. Energold has committed to a $200,000 private placement into the postconsolidated company and, with the planned property transactions, will emerge as the largest holder of the reorganized Impact (Newco). Energold's commitments to financing and the property transactions into Newco are conditional upon a further $300,000 financing to be arranged for Newco for a total financing of $500,000 by July 15, 1999. Impact is currently seeking financing for exploration of the El Brujo and Baritina gold properties, which will be 100 per cent controlled by Newco. Initial exploration of the El Brujo concession, a prominent gold-copper soil geochemical anomaly measuring 1,000 metres by 1,000 metres, commenced in March. Geological mapping and rock geochemical analysis indicate a prolific hydrothermal complex with significant epithermal gold mineralization. Limited sampling of outcrop, float and highly weathered soil and rock has returned values of up to 1,650 parts per billion gold, 1.8 ppm silver, 4,800 ppm copper, 5,700 ppm zinc and 4,800 ppm lead with strongly anomalous arsenic, antimony and mercury. The Baritina gold property, approximately 10 kilometres south of El Brujo, exhibits four mineralized zones within a 1,000 by 1,000 metre area. Limited exploration work has delineated a 150 metre by 300 metre gold-in-soil anomaly with up to 5.59 grams of gold per tonne over two metres in a trench in North Caracol Creek. In South Caracol Creek, a trench yielded 1.8 g/t gold, 36.4 g/t silver and 7,195 ppm zinc over 32 metres. With the acquisition of the Baritina property, Newco will have a total contiguous land package of 10,484 hectares in the El Brujo/Baritina area.