EXPLORATION 1999 – MEXICAN ROUNDUP — Valdez keeps faith at Altar

Junior Valdez Gold (VAZ-A) has renewed drilling at its Altar gold property in northwestern Sonora state, Mexico.

The 5,000-metre reverse-circulation program is following up the best holes from a generally unfruitful 1998 campaign, as well as a geophysical anomaly and untested areas of the Mohave-Sonora breccia. Previous drilling outlined two anomalous zones measuring 10.5 and 33.5 metres in thickness, within which gold values varied from nil to 21.2 grams gold.

Valdez is also assessing 450,000 ha in the neighbouring state of Chihuahua. That property will be reduced to 157,000 ha upon completion of prospecting, leaving the company with a total land package in Mexico of 457,000 ha.