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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: LaFayette555 who wrote (3196)	3/23/1999 11:39:00 AM
From: Mr. Oil	Read Replies (1) \| Respond to of 3282

Off Topic but related play. Seems a good one to watch for this Aug/September. Check out the web site. Opawica Explorations Inc. - New Discovery In Valle del Cura, Argentina TORONTO, ONTARIO-- /T/ Stock Options: 220,000 at $0.75 Non-Transferable Wts.: 1,500,000 at $1.25 Shares Issued: 10,848,933 Restricted / Non-Transferable Shares: 3,375,000 /T/ Opawica Explorations Inc. ("Opawica" / the "Company") is pleased to announce a potential new discovery on its Cura Este property in the Valle del Cura district, Argentina, based on the latest results from an on-going field program. Attention has been focused on this general area as a result of developments on the Veladero Project of Argentina Gold/Barrick (greater than 5 million contained oz Au) and the Pascua-Lama Project of Barrick (greater than 20 million contained oz Au). The new discovery is located between 4,000 and 4,800 metres elevation and constitutes a suite of porphyries, tourmaline-barite breccias, silicified breccias, quartz stockworks, polymetallic veins and surrounding alteration zones occurring in an area in excess of 20 km in diameter. There are no previous reports of mineralization from this area. To date, results for 200 out of approximately 500 samples are available. The exposed porphyries at surface returned values in the 0.2-0.7 g/t Au and 30-50 ppm Mo range based on an initial 16 grab samples. Grab samples from silicified breccias, tourmaline-barite breccias, quartz stockworks and pyrite-rich polymetallic veins returned values between 0.5-5.5 g/t Au and silver content in some narrow polymetallic veins ranged up to 1,320 g/t based on selective grab sampling. The system is still open to the north, south and west. Several stream sediment values in the 0.1-0.2 g/t Au range indicate that the mineralization may extend further than the actual areas where rock samples were collected. The samples were analyzed by American Assay Laboratories in Mendoza, Argentina, by standard atomic absorption techniques, with checks by Australian Laboratories System in the same city; a second check on selected samples is being carried out by Lakefield Research in Canada. This discovery, although still in its infancy, underscores management's belief in the geological prospectivity of this area. Final results for the current field season are expected by mid-May. The current field program is oriented towards defining drill targets for the next field season that starts in the fourth quarter of this year. Furthermore, drilling continues on the joint venture properties with Falconbridge Limited in Kidd and Carnegie Townships, Ontario and results will be released as they become available. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Opawica Explorations Inc. Dan M. Clark President (416) 597-1480 (416) 597-1479 (FAX) or Opawica Explorations Inc. Prentice W. Durbin Comptroller (416) 597-1480 (416) 597-1479 (FAX) Email: info@opawica.com Website: www.opawica.com fin-info.com