Eurasia Mining PLC
3 March 2000
Expanded Near Surface
Palladium-Gold Potential at Baronskoye
Eurasia Mining PLC announces that all results of the Geochemical Survey at the
Baronskoye Open Pit PGM Project have been received. Further results obtained
since the announcement of 4th February 2000, confirm continuity of the
Palladium/Platinum/Gold anomalous zone over a length exceeding 1.5 km. Step
out traverses show likely continuity over an additional strike of at least 800
metres, 2-3 km south of the discovery area.
The location of these anomalous zones are shown on maps displayed at the
company's web site - www.eurasia-mining.plc.uk.
The focus of work will now be directed at planning a forthcoming drilling
programme which is a preliminary to implementation of a start-up mining plan.
Eurasia will also evaluate toll ore treatment options as a means of further
accelerating commencement of production.
Andrew Counsell, Managing Director, said, 'The level of continuity of the near
surface Palladium/Platinum/Gold anomalous zones exceeds our expectations and
strengthens our confidence in the project as a potential large scale PGM
producer. Focus is now directed at accelerated start up of operations to
maximize the advantage of strong PGM prices, in conjunction with ongoing
exploration targeted at realizing the expanded potential of the project'.
Web Site: www.eurasia-mining.plc.uk
Email: info@eurasia-mining.plc.uk
For further information please contact:
Andrew Counsell, Managing Director Tel: +44 20 7976 1222
Paddy Manning, The Paddy Manning Company Tel: +44 20 7930 0777
DATED 3 MARCH 2000
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