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Gold/Mining/Energy : BLUE DESERT MINING, BDE-ASE -- Ignore unavailable to you. Want to Upgrade?

To: Walter Kraus who wrote (620)	5/11/1999 1:30:00 PM
From: Dale Schwartzenhauer	Read Replies (1) \| Respond to of 673

Blue Desert acquires Mojave property in Pogo area, Alaska Blue Desert Mining Inc BDE Shares issued 8,842,565 May 7 close $0.15 Tue 11 May 99 News Release Mr. Brian Fairbank reports Blue Desert Mining Inc. has acquired the Mojave property encompassing 16.5 square miles (10,560 acres) of prospective land immediately south of Blue Desert's Gobi joint venture with Camflo Resources and six miles southwest of the Pogo deposit, Alaska. Teck Corp. has recently started underground development at Pogo which has a geological resource of 9.98 million tons grading 0.52 ounces per ton or 5.2 million ounces of contained gold. The Mojave property covers a cretaceous intrusive complex and gneissic rocks that belong to the same geologic unit that hosts the Pogo deposit. The cretaceous intrusive complex and a NW-SE trending belt of magnetic lows mapped on the Mojave property mirror the intrusive complex and a parallel band of magnetic lows associated with the Pogo gold mineralization. The "Gobi" fault on the north, and the "Sonora" fault on the south, bracket the gold-bearing outcrops on the Pogo property, thus, the eight-mile wide corridor formed by these NE-SW trending faults is targeted for exploration on the Mojave property. In all, Blue Desert has a 100 per cent interest in four properties in the Pogo district: Project Features --------- --------- Gobi Contiguous with Pogo; (16,640 partially surrounds Piglet acres) property of Sumitomo; Gold and quartz veins are known to occur on the property. Mojave Intrusive complex southwest (10,560 of Pogo intrusive complex; acres) Magnetic features similar to Pogo; along NE-SW structural trend. Sahara Covers intrusive contact of (11,200 Goodpaster Batholith and acres) Paleozoic gneiss (gold showings at Pogo occur within a few miles of the contract. West Point Highly anomalous bismuth and (18,000 tungsten in stream sediments acres) indicate gold potential. The Gobi property is optioned to Camflo Resources who plan to commence exploration in late May. Several companies have expressed an interest in the other properties.

To: Walter Kraus who wrote (620)	8/12/1999 10:32:00 PM
From: Garry	Read Replies (1) \| Respond to of 673

Blue Desert to merge with Burin Fluorspar Blue Desert Mining Inc BDE Shares issued 8,847,565 1999-08-05 close $0.05 Thursday Aug 12 1999 Mr. Brian Fairbank reports Blue Desert Mining and Burin Fluorspar Ltd. propose to merge the two companies. Burin Fluorspar, an Alberta private company, holds a 100-per-cent interest in Canada's most important fluorspar mine at St. Lawrence, Nfld. The mine was operated continuously by Alcan Aluminium Ltd. between 1942 and 1977. Production by previous operators totalled 4.6 million tonnes of fluorspar (CaF2). Burin considers that the mine can be reopened profitably. Roscoe Postle Associates has calculated measured and indicated reserves for the Blue Beach North and Tarefare veins at 2,966,000 tonnes at 46.7 per cent CaF2 and 2,487,000 tonnes at 54.0 per cent CaF2, respectively. The ore zones at Blue Beach and Tarefare are steeply dipping vein deposits varying in width from 3.4 to 16 metres. A preliminary mining study by BLM Bharti Engineering Inc., based on a mineral reserve of 5,388,707 at 46.4 per cent CaF2, recommends a plan to mine the Blue Beach North vein over an initial seven-year period, switching to the Tarefare vein which would be mined over the subsequent five years producing 180,000 tonnes of 97.5 per cent fluorspar (CaF2) per year. Both operations would employ long hole, open stoping methods. It is anticipated that all the production can be sold at prices of $120 (U.S.) to $130 (U.S.) per tonne under medium and long-term contracts. The government of Newfoundland has committed $10-million of financial assistance toward the construction of a deep-water port facility at St. Lawrence contingent on the results of continuing feasibility studies and production financing. The Bharti report recommends additional drilling and metallurgy work to bring the project to final feasibility stage. Currently, a 7,000-metre drilling program is in progress which is designed to firm up reserves. Fifteen holes have been completed at Blue Beach with an additional 10 holes to be drilled at Tarefare. Drilling shows that the Blue Beach vein continues to greater depth than previously known suggesting that ore reserves will be increased. The development program calls for the capacity of the existing mill to be increased from 85,000 to 180,000 tonnes of concentrate per year. Metallurgical tests will be conducted on drill core to optimize the concentrator design. A heavy media separation circuit will be added to improve efficiency. Previous operations produced a high-quality concentrate on a consistent basis, therefore 97.5 per cent CaF2 concentrate grade will be attainable. Blue Desert Mining, a public company trading on the Alberta Stock Exchange, owns a 100-per-cent interest in the Gobi, Mojave, Sahara, and West Point gold projects in the Pogo area of Alaska, as well as other mineral exploration projects in Nevada and Chile. Recently, a stream geochemistry program was completed on the Alaska projects. Blue Desert expects to farm out the properties to prospective joint venture partners. To effect the merger, Blue Desert will consolidate its issued share capital on a 1 for 3 basis, and issue approximately 15.1 million postconsolidation shares on a 1 for 1 basis to the Burin shareholders as consideration for the purchase of all the issued and outstanding Burin shares. Allowances are made to settle up to $150,000 of Blue Desert indebtedness by issuing postconsolidated shares at a deemed price of 50 cents per share. The merged company will be named Burin Fluorspar Ltd., Canada Fluorspar Ltd., Burin Corp. or other such name to be decided. Gordon Stollery will be chairman of the board of directors and Brian D. Fairbank will be president and chief executive officer. Senior management in Newfoundland includes Alex Harris, chief operating officer, Phonce Cooper, mine manager and Norm Wilson, metallurgical engineer and mill superintendent. The merger agreement is subject to approval by the shareholders of Blue Desert Mining and Burin Fluorspar and by the appropriate regulatory authorities. Trading in Blue Desert stock was halted Aug. 9, 1999, at the request of the company and will remain halted until the transaction has been accepted by the Alberta Stock Exchange. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com ANY COMMENTS FROM ANYBODY OUT THERE ??