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Gold/Mining/Energy : MILL CITY MIY-V -- Ignore unavailable to you. Want to Upgrade?

To: Dennis (Hijacked) who wrote (444)	4/5/1999 5:24:00 PM
From: maxed	Respond to of 707

MacDonald Mines Exploration Ltd - MacDonald Mines receives approval for Cuban drilling plan MacDonald Mines Exploration Ltd MMP.A Shares issued 75,700,000 1999-04-01 close $0.09 Monday Apr 5 1999 Mr. Mario Miranda reports MacDonald Mines this morning received notification by GeoMinera S.A. of the approval of Cuba's Ministry of Basic Industries for its plan to begin preparation for the drilling of a number of its mineralized gold target areas in Cuba. The company identified 36 individual target areas in its 2,000-square-kilometre concession in the heart of Cuba's cretaceous gold belt, from a recently completed regional program extending over four years. Subscriptions received from a current private placement will enable the most promising of these targets to be further tested immediately. MacDonald is also engaged in negotiations for a proposed merger that could provide exploration financing of up to $10-million or more. MacDonald's mineral rights in Cuba are held through an agreement with GeoMinera S.A. None of the target areas are the subject of any claims that might be brought under the U.S. Helms-Burton legislation. Results of the current program will be released as they become available. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com I like the little teaser about the proposed $10 million. Anyone care to make a guess who it could be.

To: Dennis (Hijacked) who wrote (444)	4/5/1999 8:35:00 PM
From: VAUGHN	Read Replies (2) \| Respond to of 707

Hello Marty & Dennis No, not in the biz but a very interested close observer in YK. Short of the Balkan War growing beyond its borders which its does not show signs of doing, I do not see anything on the horizon suggesting an immanent change in the world Au price. I appreciate consumption is outstripping supply, but that demand has been and continues to be artificially met through central bank, producer forward and short sales. Until Japan shows serious signs of recovery, the Fed raises the bank rate due to inflationary pressures and/or a wider European war (unlikely) I do not see the market rewarding any exploration plays unless Barrick, Placer or Homestake makes a buy out bid. This does not seem likely based on what little I know about the Cuban and Mexican properties. On the other hand, if the Mexican property was to come back to the market with some serious implied Zn,Ag tonnage at attractive grades with some Au credits, then perhaps one of the other base metal players may show some interest. Since none of that appears to be in the cards (short term), I suggest that shareholders pin their hopes on what SUF finds at Yamba Lake. That should be more than sufficient to put a smile on everyone's face as long as management doesn't dilute. Sorry, but I call it the way I see it. Bottom line is, the Yamba Lake story will NOT be over this spring, or this year. There is plenty of time and opportunity for the market to fall in love with MIY simply for the Yamba Lake play alone. By the time the story matures, all the trading opportunities are done, and the pipes are under development, Cuba may be free trading with the US and Mexico may be democracy. By then, you and your fellow shareholders will be stoned on Margaritas and worrying about your girl friend's tan lines anyway. Regards