Battle Mountain Gold Announces Continuing Exploration Success at Phoenix, Vera-Nancy.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 4, 2000 Battle Mountain Gold Co. (NYSE NYSE See: New York Stock Exchange :BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. ) today said that development drilling during the summer at its Phoenix development project in Nevada Nevada (nəvăd`ə, –vä–), far western state of the United States. It is bordered by Utah (E), Arizona (SE), California (SW, W), and Oregon and Idaho (N). continued to yield good results. A table incorporating these results follows. These results are not included in the current reserve calculation, which now stands at 6.1 million ounces. An updated reserve calculation will be reported at year end. At the Pajingo Complex in Australia Australia (ôstrāl`yə), smallest continent, between the Indian and Pacific oceans. With the island state of Tasmania to the south, the continent makes up the Commonwealth of Australia, a federal parliamentary state (2005 est. pop. , where Battle Mountain has a 50 percent interest, recent drilling has focused on extending the limits of the Vera-Nancy ore horizon. Drilling along the northerly extension returned positive results from the Anne Anne, British princess Anne (Anne Elizabeth Alice Louise), 1950–, British princess, only daughter of Queen Elizabeth II and Prince Philip, duke of Edinburgh. She was educated at Benenden School. structure, 1,500 feet north of the Cindy pit, including 0.34 opt Au/12.5 ft. and 0.43 opt Au/20 ft. Drilling along the southern extension has continued to expand Vera South and a significant new structure called Jandam has been identified 1,200 feet south of Vera South. Battle Mountain believes that the results are very favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. . Recent drill holes include 1.12 opt Au/27 ft., 0.68 opt Au/48 ft. and 0.59 opt Au over 110 feet. Additionally, new drilling 2,200 feet further south has intersected a second new zone, the Zed structure, returning 0.53 opt Au/113 ft.
Selected Drill Intercepts, July 15-Sept. 25, 2000
Drill hole Target Intercept (in feet) Au Ag Cu
no. type Area From To Width (opt) (opt) (%)
Iron Canyon Development
9141 RC Wing Fault 225 270 45 0.119 1.81 0.14
9142 RC Wing Fault 215 235 20 0.058 1.50 0.05
Phoenix Pit Development
8977 RC North Fortitude 485 505 20 0.076 0.29 0.06
8980 RC North Fortitude 505 525 20 0.106 2.12 0.42
9154 RC So. Battle
Formation 925 1010 85 0.062 0.18 0.14
9155 RC So. Battle
Formation 295 315 20 0.659 0.19 0.01
" " So. Battle
Formation 410 450 40 0.203 0.39 0.23
" " So. Battle
Formation 735 785 50 0.044 0.23 0.14
" " So. Battle
Formation 1095 1135 40 0.046 0.39 0.41
9156 RC So. Battle
Formation 280 385 105 0.030 0.21 0.29
" " So. Battle
Formation 410 460 50 0.099 0.08 0.06
" " So. Battle
Formation 960 1025 65 0.062 0.51 0.50
9158 RC So. Battle
Formation 750 790 40 0.097 0.23 0.08
8981 RC East Pit 140 160 20 0.003 0.37 0.65
" " East Pit 280 380 100 0.005 0.13 1.08
9163 RC East Pit 45 215 170 0.003 0.15 0.57
9164 RC East Pit 5 90 85 0.003 0.27 0.47
Greater Midas Development
9129 RC Tomboy-Superior
Hill 485 525 40 0.051 0.18 0.16
9134 RC Tomboy-Superior
Hill 180 295 115 0.045 0.20 0.09
9185 RC Tomboy-Superior
Hill 200 250 50 0.080 0.12 0.07
9186 RC Tomboy-Superior
Hill 0 20 20 0.138 0.23 0.14
9187 RC Tomboy-Superior
Hill 205 250 45 0.054 0.01 0.04
" " Tomboy-Superior
Hill 265 285 20 0.030 0.06 0.06
9188 RC Tomboy-Superior
Hill 350 395 45 0.044 1.27 0.61
9189 RC Tomboy-Superior
Hill 360 395 35 0.077 0.20 0.15
9190 RC Tomboy-Superior
Hill 300 365 65 0.070 0.34 0.13
9399 RC Tomboy-Superior
Hill 235 255 20 0.126 0.08 0.03
9130 DDH North Midas 243 275 32 0.075 1.33 0.88
9304 RC North Midas 90 190 100 0.019 0.43 0.14
" " North Midas 275 420 145 0.119 1.78 0.78
9506 RC North Midas 125 190 65 0.019 0.20 0.33
9507 RC North Midas 0 35 35 0.026 0.12 0.17
" " North Midas 70 125 55 0.060 0.87 0.11
9505 RC Box Canyon 10 45 35 0.088 1.49 0.04
" " Box Canyon 65 145 80 0.070 0.19 0.03
" " Box Canyon 185 230 45 0.046 0.11 0.02
Copper Basin Exploration
4407 RC Empire-No.
Lights 35 70 35 0.060 0.11 0.10
" " Empire-No.
Lights 220 260 40 0.042 0.65 0.09
" " Empire-No.
Lights 320 350 30 0.061 0.35 0.05
" " Empire-No.
Lights 380 400 20 0.096 0.78 0.05
4413 RC Empire-No.
Lights 40 150 110 0.045 0.29 0.23
" " Empire-No.
Lights 110 320 210 0.014 0.07 0.40
4415 RC Empire-No.
Lights 290 320 30 0.086 0.11 0.10
" " Empire-No.
Lights 470 505 35 0.001 0.05 1.95
" " Empire-No.
Lights 540 590 50 0.009 0.06 0.83
4419 RC Empire-No.
Lights 310 470 160 0.055 0.08 0.10
4420 RC Empire-No.
Lights 220 245 25 0.088 0.21 0.02
" " Empire-No.
Lights 255 295 40 0.030 0.07 0.21
4421 RC Empire-No.
Lights 160 200 40 0.005 0.10 0.23
" " Empire-No.
Lights 435 490 55 0.074 0.47 0.05
4425 RC Empire-No.
Lights 150 205 55 0.009 0.05 0.50
" " Empire-No.
Lights 320 390 70 0.051 0.10 0.08
" " Empire-No.
Lights 440 500 60 0.049 0.03 0.05
Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release includes forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. information and statements about Battle Mountain Gold Co. that are intended to be covered by the safe harbor for "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipates," "believes," "intends," "estimates" and similar expressions. The forward-looking information and statements in this news release are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Battle Mountain, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public filings with the U.S. Securities and Exchange Commission (SEC) made by Battle Mountain; risks and uncertainties with respect to the effect of gold price and foreign exchange rate fluctuations and general economic conditions such as changes in interest rates and the performance of the financial markets, changes in domestic and foreign laws, regulations and taxes, changes in competition and pricing environments, the occurrence of significant natural disasters, civil unrest Unrest is a sociological phenomenon, for instance:
Additional Information Information regarding the identity of the persons who may, under SEC rules, be deemed to be participants in the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of stockholders of Battle Mountain in connection with its proposed merger with a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Newmont Mining Newmont Mining Corporation NYSE: NEM, based in Denver, Colorado, USA, is one of the world's largest producers of gold, with active mines in, Nevada, Indonesia, Australia/New Zealand, Ghana, and Peru. Some smaller operations include Bolivia, Mexico, and Canada. Corp. and their interests in the solicitation, are set forth in a Schedule 14A filed by Battle Mountain on June June: see month. 21, 2000, with the SEC. Newmont and Battle Mountain will be filing a definitive proxy statement/prospectus and other relevant documents concerning the proposed transaction with the SEC. Battle Mountain filed preliminary proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other with the SEC on Sept. 22, 2000. Investors are urged to read the preliminary proxy materials that are available now and any other relevant documents including the definitive proxy statement/prospectus that are filed with the SEC because they contain important information on the proposed merger transaction. Investors are able to obtain the documents free of charge at the SEC's Web site (www.sec.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. ). In addition, documents filed with the SEC by Newmont may be obtained free of charge by contacting Newmont Mining Corp., 1700 Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. St., Denver Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. , Colo. 80203; telephone 303/863-7414. Documents filed with the SEC by Battle Mountain will be available free of charge by contacting Battle Mountain Gold Co., 333 Clay St., 42nd Floor, Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the 77002; telephone 713/650-6400. Investors should read the definitive proxy statement/prospectus carefully when it becomes available before making any voting or investment decision. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion