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Gold/Mining/Energy : PolyMet Mining Corp POM.V (was Fleck Resources) -- Ignore unavailable to you. Want to Upgrade?

To: geoffreycs who wrote (637)	4/28/1999 1:44:00 PM
From: geoffreycs	Respond to of 708

This play is very close to NorthMet www.altoro.com DRILL RESULTS AT BIRCH LAKE PLATINUM-PALLADIUM PROPERTY, MINNESOTA Altoro Gold Corp. (ATG-VSE) has completed a 1801 metre core drilling program, comprising two holes and two wedges (four pierce points into the mineralized zone) at its Birch Lake platinum group metals ("PGE") project in northwestern Minnesota. All core samples were analyzed for PGE's by fire assay at Chemex Laboratories in Vancouver. Prior to the 1999 drilling program, PGE mineralization has been discovered at Birch Lake over an area 500 metres wide and 640 metres long, based on nine holes and three wedges drilled between 1985 and 1998, of which five holes and two wedges gave PGE grades similar to those being mined at the world's largest PGE mines in South Africa, and over thicker intervals. Hole 99-1 and its wedge offset intersected a thick zone of PGE-copper-nickel mineralization which has expanded the area of known potentially economic PGE mineralization more than 300 metres southward. Hole 2 and its wedge offset intersected lower values of PGE-copper-nickel and are now interpreted as having been drilled into a "basement high" east of the main trend of PGE enrichment. Assay results are shown below. Hole 99-1 intercepted 14.4 metres grading 1.65 g/t Pt+Pd+Au, 0.77% Cu and 0.18% Ni, including 3.0 metres grading 2.4 g/t Pt+Pd+Au, 1.33% Cu and 0.26% Ni. Applying current metal prices and metallurgical recoveries obtained from previous drill holes, the hole's platinum-equivalent grade is 2.80 g/t over 14.4 metres ($33.28 recovered metal value) and 4.23 g/t over 3.0 metres ($50.55 recovered metal value). Although hole 99-2 returned uneconomic PGE results, hole 95-1, located 1200 metres north of hole 99-2, intersected 9.1 g/t Pt+Pd+Au over 0.3 metres indicating that the system is open to the north. Hole 99-1 approximately doubles the resource potential of the Birch Lake PGE system. Altoro has yet to receive assay results for rhodium which, based on previous results, may increase recoverable metal values by 15-20%. A follow-up drilling program is planned to be carried out as soon as possible and will focus on further extensions of the system to the south beyond hole 99-1 and to the north beyond hole 99-2. Metallurgical testwork and an independent mineral resource estimate will also be undertaken. Hole Interval Metres Width Metres Pt ppb Pd ppb Au ppb Pt+Pd+Au ppb Cu % Ni % Pt-Equivalent g/t RMV $US BL99-1 763.2 - 787.9 24.7 312 923 150 1385 0.66 0.16 2.37 28.26 incl. 767.1 - 781.5 14.4 352 1140 159 1650 0.77 0.18 2.80 33.28 incl. 771.9 - 774.8 2.9 361 1615 162 2138 1.00 0.19 3.51 41.71 and 777.1 - 780.1 3.0 460 1643 259 2362 1.33 0.26 4.23 50.55 799.2 - 801.1 1.9 445 1083 270 1798 0.68 0.23 2.94 34.92 BL99-1W 763.1 – 792.8 29.7 279 710 121 1110 0.53 0.13 1.90 22.64 BL99-1W 767.5 – 770.8 3.4 446 1103 187 1736 0.64 0.16 2.69 31.67 BL99-1W 777.0 – 779.4 2.4 395 989 133 1517 0.79 0.16 2.66 31.64 BL00-1W 789.3 – 792.8 3.4 366 1018 189 1573 0.70 0.16 2.60 30.88 BL99-2 710.7 - 712.1 1.4 217 549 62 828 0.57 0.16 1.76 21.40 BL99-2W 717.6 - 719.1 1.5 141 483 247 871 0.65 0.14 1.80 21.88 RMV – Recovered Metal Values Metal % Recovery PRICE $ US Pt 86.0 370.00 Pd 94.0 340.00 Au 90.0 290.00 Cu 97.0 0.65 Ni 72.0 2.00 On Behalf of the Board David O'Connor, President - Phone: (011-591) 277-0958 Steve Swatton - Phone: (604) 718-9079