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El Misti Gold - San Nicolas Drill Results -- Part 1 of 2 - Drilling Charts to Follow.



VANCOUVER, British Columbia--(BUSINESS WIRE)--June 30, 1997--El Misti Gold Limited (VSE See DOS/VSE.

VSE - Virtual Storage Extended
:EMG EMG
abbr.
electromyogram


Electromyography (EMG)
A diagnostic test that records the electrical activity of muscles.
) The Board of Directors is pleased to announce the reserve definition program has continued to produce strong economical grade gold/silver mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 at the San Nicolas San Nicolas or San Nicolás ("Saint Nicholas") may refer to:
  • Argentina
  • San Nicolás, Buenos Aires Province
  • San Nicolás, inside Buenos Aires City
 mine in the Cajamarca district, northern Peru.

The zones are associated with high sulphidation epithermal massive sulphide mineralization hosted within Cretaceous limestones associated with a high level intrusive system.

Please note surface sampling results are to in fill the 25 meter spacing. Underground sampling of the Don Eloy and Prosperity adits were to fill in the open at depth holes previously reported.

103 holes have been completed on the 25 meter spaced cross sections totaling 10,553 meters, average depth 102 meters. These results for the underground samplings are the first results the company has published below 140 meters true depth.

The company has an option to acquire 100 percent interest in the San Nicolas mine, containing an estimated geological resource of 6.2 million tonnes, with an average grade of 3.4g/t (0.1oz/ton) Au and 6oz/mt (5.4oz/ton) Ag or 1.1 million ounces of gold equivalent. The deposit has a strike length of 600 meters and widths of 10 to 80 meters to a depth of 300 meters. Roscoe Postle has been retained to do an independent reserve calculation on San Nicolas.

San Nicolas produced 100,000 ounces of gold and 1.1 million ounces of silver up to 1996.

ON BEHALF OF THE BOARD JOHN F. HUGUET, Executive Chairman ROBIN A. SLAUGHTER, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  

"El Misti El Misti, volcano, Peru: see Misti, El.  Gold is focused on growth in shareholder value through its land position, management team and industry expertise." -0-

Note to Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE)

A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.


Vancouver Stock Exchange

See Canadian Venture Exchange (CDNX).
 has neither approved nor disapproved the information contained in this news release.

CONTACT: El Misti Gold Limited

John F. Huguet, 604/681-6186

Robin A. Slaughter, 604/681-6186

888-El-Misti (356-4784) Toll Free

http://www.info-mine.com/el_misti/

mist@info-mine.com
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 30, 1997
Words:329
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