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 : El Misti Gold Limited (EMG V) -- Ignore unavailable to you. Want to Upgrade?

To: Alastair who wrote (377)	4/2/1999 12:16:00 PM
From: burner	Read Replies (1) \| Respond to of 513

El Misti exploration results from Sinchao project in Peru El Misti Gold Ltd EMG Shares issued 40,590,777 Mar 31 close $0.12 Thu 1 Apr 99 News Release Mr. John Huguet reports The company has released the following update for the Sinchao project in Northern Peru. The company has completed ICP analysis, performed by Intertek Testing Services - Bondar Clegg, of the three most significant potentially economic styles of mineralization at Sinchao. This work shows from more than 3,000 metres of drill core, arsenic values average 278 parts per million (or less than 0.03 per cent). The results from SDH-02, drilled within the Volare concession, high-sulphidation epithermal mineralization, average 438 parts per million (or 0.04 per cent) over the entire length of the 629.7-metre hole. While some results showed high enargite and the corresponding arsenic value, the overall averages are well within acceptable limits. Preliminary metallurgical work undertaken by the Independent Engineering University in Lima, Peru, and initial petrographic work performed by PetraScience Consultants Inc. of Vancouver, B.C., (which includes SDH-02, 05, 06, 07 and 10, plus 1997 holes SRC-07 and 11) have confirmed that the logged moderate levels of enargite in parts of the skarn and breccia hosted intersections were incorrect. The dominant copper mineral (with the exception of SDH-02 above) encountered to date is chalcopyrite with lesser bornite and only trace enargite and copper oxides. Further to its news release in Stockwatch, March 29, 1999, the company has now released the drill results from SRC-13, drilled on El Misti Gold's Cleopatra mining concession, 750 metres south of the previously reported mineralization. This represents a new exploration target within the Sinchao project area. The 150-metre hole intersected 58 metres of interpreted skarn and massive sulphide mineralization grading 0.42 per cent Cu, 0.26 grams per tonne gold, 1.20 per cent zinc and 19.97 grams per tonne silver from 56 to 114 metres. As a result of the company's more complete understanding of the different styles of mineralization at Sinchao, all of the reverse circulation chips and drill core from previous drilling programs at Sinchao will be relogged during this quarter.