Eurasia Mining PLC
8 December 1999
Eurasia Mining Plc announces Positive Regional Exploration Results
at Baronskoye
Sampling at Baronskoye, the Eurasia Mining PLC open cut PGM project in the
Urals Mountains has indicated much greater high grade potential than had been
expected.
Stream sediment sampling conducted during the summer well beyond the discovery
area at the Baronskoye Platinum Group Metals and Gold Project indicates the
potential for additional mineralised zones within the licensed area which
totals 35 square kilometres.
Samples from the Orulikha River returned values up to 1.22 g/t Platinum and
1.48 g/t Gold. The Orulikha River drains across the highly prospective
northerly extension of the Baronskoye Zone nearly 2.0 km north of the
discovery area which returned values up to 21.6 g/t PGM + 4.6 g/t Au from
surface trenching. The precious metal values in Orulikha sediments downstream
from the projected Baronskoye Zone clearly indicate the potential for good
grade surface mineralisation well north of the discovery area.
The stream sediment sampling was conducted in parallel with an extensive
surface sampling and mapping programme undertaken during the summer.
Surface sampling, totalling almost 1000 samples, has been undertaken
systematically over an area measuring 6.0 km in length and 1 km in width.
The purpose is to define extensions and repetitions of the previously defined
ore zone as a preliminary to the next stage of drilling. The samples are now
in the process of preparation for export and analysis. Results are expected
early in the new year.
The target of planned drilling at Baronskoye is to block out near surface
reserves to underpin rapid establishment of Platinum Group Metal and Gold
production.
Listing: Alternative Investment Market, London Stock Exchange
Code: EUA
Web Site: www.eurasia-mining.plc.uk
Email: eurasiamining@compuserve.com
For further information please contact:
Andrew Counsell, Managing Director Tel: +44 171 976 1222
Paddy Manning, The Paddy Manning Company Tel: +44 171 930 0777
14-16 REGENT STREET, LONDON SW1Y 4PH
TEL: 44 171 976 1222 FAX: 44 171 976 1422
HEAD OFFICE AND REGISTERED OFFICE COMPANY NO: 3010091