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

To: Thomas M. Carroll who wrote (392)	4/13/1999 3:34:00 PM
From: Alastair	Read Replies (1) \| Respond to of 513

Worlds longest halt with worlds most incompetent management! la la la la! DO we get a penny increase of this one! Or maybe i was right back in January and they are afraid to put out news! Naaaaaaaaaaaaaaaaaaaaaaaaaaaa! Would not be good eh! Anyways Just blabbering, I actually do hope this stock goes up as i do own a lot of shares, but just dont beleive in management to bring me profits...but hey what the heck do i know!

To: Thomas M. Carroll who wrote (392)	4/13/1999 3:58:00 PM
From: Alastair	Read Replies (1) \| Respond to of 513

This just out on EMG: Canada Stockwatch - West Ed. Int'l News & Research Services Sequence Number : 90 Story Date : 99/04/13 1. 12:39 EMG EL MISTI GOLD LTD - V:EMG El Misti releases resource estimate at Santa Rosa El Misti Gold Ltd EMG Shares issued 40,590,777 Apr 12 close $0.15 Tue 13 Apr 99 V:EMG News Release Mr. John Huguet reports: The board of directors is releasing a resource estimate prepared by its chief geologist, Victor Jaramillo, for the "open pit" area of the Santa Rosa project in southeastern Peru. All resources currently are categorized as "inferred". Au Ag Type Tonnes g/t g/t Oxides 909,100 2.83 44.73 Mixed 445,300 3.74 75.40 Ripios 382,700 2.06 34.66 Sulphides 443,000 2.77 32.27 TOTAL 2,180,100 2.87 46.69 In March 1999, the company requested Mr. Jaramillo, to review all technical data and if warranted, to prepare a resource calculation for the Santa Rosa property. The calculations are based on the 143 reverse circulation (RC)drill holes completed on 50 metre by 25 metre grid. As can be seen from the above table, an important mixed zone exists between the oxides and the sulphides. This holds significant promise for lower operating costs through the possibility of heap leaching and could have major implications on both the process route and capital costs estimates. A senior metallurgist has been retained to design the heap leach test programs to reflect the makeup of this resource estimate. A field work program will be started this month to upgrade the quality of the Santa Rosa technical database and geological interpretation. This program will also specifically address the significance to be placed upon a number of near surface high-grade values which occur along the length of the mineralized zone. Drill From To Au Ag Hole No. (m) Metres g/t g/t RCR 34 48 54 6 43.97 663.8 RCR 37 26 30 4 16.58 97.8 RCR 80 40 50 10 22.16 102.6 RCR 69 14 24 10 30.18 64.9 RCR 77 46 52 6 11.83 142.2 The 10,840-hectare Santa Rosa property has excellent geological potential for locating additional mineralization similar to that found in the open pit area. The field program referred to above will include geological and structural mapping, relogging of old diamond core and selected RC chips on 15 to 20 of the 143 holes. In particular, geological prospecting and sampling of six areas with similar geology to the open pit area will be carried out. Some of the new areas show strong anomalous induced polarization results which may indicate disseminated or semi-massive mineralization. The open pit area (400 by 250 metres) is only one of a number of induced polarization anomalies, as seen by the following chart. Prospect area Length (m) Width (m) known as IP anomaly IP anomaly Carelo- Huayumpay 1,800 450 Titiminas 2,000 (open to 400 the north and south) Caripay 850 (open to 250 (open to the east the south) Miraflores 200 (open to 425 the north) Rio 375 250 Virundo 200 100 Open pit area 400 250 Lindsay Bottomer has been retained by the board to advise, audit and verify the proposed Santa Rosa field program and evaluate all available technical data. The Santa Rosa property is in southeastern Peru, approximately 550 kilometres southeast of Lima at an elevation of 3,900 metres above sea level. The property has an area of 10,840 hectares comprising 16 mining concessions. El Misti Gold holds a 100 per cent interest in the project through its wholly owned Peruvian subsidiary El Misti Gold S.A. Dir's: Fisher Arthur, Huguet John F, Jamal Al, MacLean John DOES THIS EQUAL 195,000 OUNCES OF GOLD????? WOW! not