Sur American Gold Corporation: Tarale 56 Vein Returns 65.1 g/t Gold-Trial Mine Development Progress at T'Boli and Batoto/Tarale.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 5, 2004 Sur American Gold American Gold is a syndicated weekly, four-hour, hit-packed, oldies countdown program which is written, produced and hosted by Radio Hall-of-Fame broadcaster Dick Bartley. Concept The concept of American Gold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SUR) is very pleased to provide an update on development and exploration progress at its T'Boli and Comval gold projects, Philippines. COMVAL GOLD PROJECT - Consistently high grades averaging about 15g/t gold have been obtained from more than 55 tonnes of a planned 300 tonne trial bulk metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. processing operation. Information from this test will be used in the design and construction of the Company's own plant. - Recoveries from the initial test exceeded 90%. - Channel sample across current face of Tarale 56 vein development heading increases from 20g/t to 65.1 g/t gold over 1 metre width. - New vein discovery called Calapagan averages 15.1g/t gold over 0.75 metres. T'BOLI GOLD PROJECT - Rehabilitation rehabilitation: see physical therapy. of the 300m long principal access tunnel to the north and south veins making rapid progress with repairs to timber sets and upgrading of mine rail and track ties. - Clearing of mine operations and processing area in progress. - Arrival in Davao City The City of Davao: De Facto Capital of Mindanao (Tagalog: Lungsod ng Dabaw; Cebuano: Dakbayan sa Dabaw) is one of the most important cities in the Philippines and the chief city of the island of Mindanao. of compressors, generators and trucks and other mining equipment. - Mapping and samples of the western sector of T'Boli is on-going after the confirmation of wide areas of potentially economic 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. either side of the high grade veins. SUMMARY The Company continues to be on schedule towards commencing initial trial mining and processing at its T'Boli gold-silver and Batoto gold projects by the end of 2004. These operations will be steadily expanded in size as exploration continues to define the extent of the high grade veins. Concurrently with the trial mining developments the Company continues to define initial drilling targets for the much larger potentially bulk mineable Batoto/Tarale gold deposit and the Tagpura copper-gold deposit by geophysics, systematic mapping and sampling of trenches and tunnels. The Company is now in the closing phase of its planned financing. Documentation is expected to be forwarded to the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. shortly. The Exchange will notify the public when it has accepted the financing. No further comment will be made by the Company until this occurs. All sampling practices are approved by Mr Rennie Blair, Company President who is the qualified person as required by National Policy 43-101. Sur American Gold Corporation trades on the TSX Venture Exchange (Canada) with trading symbol Trading symbol See: Ticker symbol SUR-V. On behalf of the board of directors J. Rennie Blair President The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. |
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