To: Mike Gold who wrote (9738 ) 3/8/1999 9:20:00 AM From: Handshake™ Read Replies (1) | Respond to of 25548
Yamana Strikes Bonanza Silver Pocket at Bacon SPOKANE, WASHINGTON--Yamana Resources is pleased to report that drilling has encountered an exceptionally rich pocket of silver mineralization in the top of the Veta Martha Silver Shoot on its 100 percent owned Bacon property in Santa Cruz, Argentina. Th ese results are the beginning of a 4,600-meter drill program now in progress. Twenty-six short vertical reverse-circulation holes (see drill hole map) tested a 40-meter-long section of vein in which previously reported trench sampling yielded 2 meters of 39,280 g/t Ag and 107.98 g/t Au (see Yamana release Dec. 8, 1998). The drill holes were between 7 and 13 meters deep (257 total meters) and were sampled on continuous half-meter intervals. Assays as high as 68,800 g/t Ag (6.88 percent or 2,212.2 oz/t) with 352.40 g/t Au (11.331 oz/t) and 117,900 g/t Ag (11.79 percent or 3,791.0 o z/t) and 37.00 g/t Au (1.190 oz/t) were obtained in two separate samples. The best assay interval is 4 meters of 44,558 g/t Ag with 33.75 g/t Au in drill hole 15 (see assay table attached and more detailed assay table on Yamana's Web site). Many of the h oles bottomed in high-grade silver mineralization. Yamana wishes to emphasize that the drill samples were assayed at Yamana's Bema lab facility in Santa Cruz and that these are not certified assays. A total of 114 high-grade samples forming the basis of the results reported in the attached table are bein g sent to Acme Analytical Laboratories Ltd. (Acme) for check assays, with the results expected in about one month. Still, Yamana has a high level of confidence that the silver assays are as correct as can be obtainable, considering the exceptionally high values. (When dealing with such high values, all assay laboratories encounter difficulties in reproducing exact numbers, both internally and against other laboratories.) The Bema lab is a full-service, fire assay laboratory, which began operating in 1996. It was initially established and operated on behalf of Yamana by SGS Chile Ltda. of Santiago, Chile. Yamana assumed management of the laboratory two years ago, employin g former SGS professional chemists. The Bema lab produced about 500 silver assays for Yamana's previous drilling campaigns at its Bacon and Lejano projects - including the trench sample noted above - that were checked by both Acme and ALS Geolabs S.A. (G eolabs) in Santiago. The results from all three labs fell within statistically acceptable standards for the minerals exploration industry. Richard Walters, President and COO of Yamana, noted, ''This looks like something that could be comparable to bonanza pockets of ores reported in many historical mining districts, such as Creede, Colorado, or Comstock, Nevada.'' ===== MIke, where is this at and how close to you know what? Also, in HOuse's reports I see Intertek Testing Servies & Acme Analytical Labs listed. Both of these are Vancouver companies I believe, is this who we are using or someone in Santiago?????