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 : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: tiloup who wrote (2475)	6/4/1999 12:31:00 PM
From: jocko	Read Replies (1) \| Respond to of 2635

Hi Norman and all.....MIQ NR from Agora=THANKS Bulletin # JUN99-01 ONCE YOU'VE READ THE HEADLINES, COME TO AGORA FOR THE NEWS Good morning to you all. Please find enclosed the latest press release from Mirandor Explorations/Kinross Gold Corp regarding drill results at the joint ventured Railroad Project. The results are very significant and can be summarized in the following excerpts: 1] "The geologic setting and hosts rock are largely similar to those at the nearby Rain deposit where Newmont produced more than one million ounces of gold from an open pit and is currently developing an underground resource for production." 2] According to Kinross: "The NW trend suggests possible "deep" targets along an apparent W-NW trending structural feature. The feature is interpreted to be a fault and/or monoclinal fold axis and possibly the structural extension of POD" As usual and due to the technical nature of such press releases, MIQ President Gilles Laveridiere will be issuing commentary to further explain the significance of these results to MIQ shareholders. In the meantime, Mirandor management is very excited about these latest drill results and look forward to commencing drilling for 1999 in the very near future. Kinross has indicated to the Company that their 1999 drill season will begin as soon as field conditions permit, which will see a minimum expenditure of 1.5 million US. That is all for now and we look forward to sending you comments from Gilles Laverdiere over the next few days. Regards, AGORA Internet Relations Corp. agoracorp.com EXPLORATION MIRANDOR INC. PRESS RELEASE June 3, 1999 · NEW RESULTS FROM RAILROAD Exploration Mirandor Inc. (MIQ-ME), is pleased to report further results from the Kinross 1998 work program on the Railroad project in Nevada. Work carried out in the northeastern portion of the project returned significant results and new targets for the 1999 program. This portion of the project includes the POD, RC-Jasperoid, and the NW extension zones. In the POD zone, additional results are available. Hole K98-37 which was previously announced in December 1998 and which returned 105 feet of 0.121 oz/ton from 265-370 feet, also contains the following interval: Hole #Thickness feetDepth feetAssay Gold oz/ton K98-3735285-3200.267 includes 10 feet290-3000.545 · Other results from drilling in POD returned: Hole #Thickness feetDepth feetAssay Gold oz/ton K98-193075-1050.017 K98-4235305-3400.032 K98-5335255-2900.026 All assaying was carried out by Chemex Labs using the fire assay method. The results show the persistence and continuation of the mineralization at the POD. The geologic setting and hosts rock are largely similar to those at the nearby Rain deposit where Newmont produced more than one million ounces of gold from an open pit and is currently developing an underground resource for production. A sooty carbonaceous zone that yields grades of up to 0.75 oz/ton Au over 10 to 20 foot occurs in the footwall of the POD feeder structure. Located approximately 1,000 feet west of the POD, the East Jasperoid-RC zone is a 1,000 feet by 4,000 feet north trending feature. The area takes its name from two small Carlin type gold deposits (40,000 and 15,000 ounces resources) that occur here (Wesmont, 1994). · Drilling here returned the following: Hole #Thickness feetDepth feetAssay Gold oz/ton K98-30(prev. announced)6590-1550.053 K98-312590-1150.020 K98-3235205-2400.035 includes 5 feet at0.115 Finally, exploration in the NW trend area, some 1,000 feet NW of the POD zone also revealed interesting results. According to Kinross: "The NW trend suggests possible "deep" targets along an apparent W-NW trending structural feature. The feature is interpreted to be a fault and/or monoclinal fold axis and possibly the structural extension of POD" Drilling in the NW extension has confirmed the presence of a large normal fault or fold (called the Northwest Feature) dropping the Devils Gate limestone down to the northeast. Drilling confirmed this condition which mirrors the Rain mine graben to the north. If this structure forms the south margin of the Rain graben, deep drilling to the Devils Gate contact in proximity to the NW feature could produce a discovery. Kinross and Mirandor have an agreement whereby Kinross can earn a 55% interest in the Railroad project by expending $7 million US, and an additional 10% by expending a further $5 million US toward a positive feasibility study. The agreement calls for a minimum expenditure of 1.5 million US in 1999. Mirandor shares the POD and East Jasperoid zones with Exploration Brex inc. on an equal basis. The Railroad project, consisting of some 55 square miles, is centered on the southern end of the Carlin Trend, and lies at the intersection of the NW-SE Carlin Trend and the N-S Piñon anticline structure. It is located within a Carlin erosional "window" exposing at surface favorable lower plate sedimentary rocks. Kinross has indicated to the Company that their 1999 drill season will begin as soon as field conditions permit. For more information, please contact: Mr. Gilles Laverdière, president Montreal office Tel: (514) 285-8565 Fax: (514) 285-1617 Val-d'Or office Tel: (819) 825-9065 Fax: (819) 825-1199 DISCLOSURE STATEMENT AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc. for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in Mirandor Explorations Inc. AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals. AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in the company.