Should get heading north sooner or later-
I hear they are drilling in Sidace Lake with Goldcorp again-

Not! PXI 2yr chart...

PXI should find support here in the $1 range.

Planet Exploration to acquire interest in Wulanbulang

2004-03-26 07:10 ET - News Release

Mr. Ranjeet Sundher reports

PLANET SIGNS FORMAL CHINA CONTRACT; ADDS SECOND DRILL RIG TO THE SIDACE LAKE PROGRAM

Planet Exploration has signed the formal agreement to acquire an 80-per-cent interest in the Wulanbulang gold property, as well as an option to acquire three mining licences and a mill located within the property. The property is located in the Jiuyuan district of Baotou, 20 kilometres from the city of Baotou, which is 600 kilometres west-northwest of Beijing.

Ranjeet Sundher, president of Planet Exploration, has recently returned from Beijing, where he signed the formal agreement with Planet's Chinese partner, China National Gold Group Corporation, represented by its subsidiary Jinyou Geological Exploration Ltd.

Mr. Sundher comments: "The signing of the formal contract is a major milestone for Planet. Recent months have seen an influx of Canadian juniors into China signing preliminary deals but very few to my knowlege have reached a formal agreement. Planet began reviewing projects in China over one year ago, and after our field visit and due diligence, began negotiations and was ultimately successful in acquiring Wulanbulang." Mr. Sundher continued, "Given the abundance of mineralized and altered shear zones, including the several producing areas, the Wulanbulang property would appear to offer good potential to host larger-scale economic gold mineralization." For full project details see Planet's news in Stockwatch dated Nov. 24, 2003.

Planet's initial exploration program on the Wulanbulang project will commence within the next 10 days under the supervision of Planet's Canadian geologist. Initial work will focus on geological mapping and sampling in addition to providing a compilation of existing data.

Sidace Lake

Planet has commenced a new program of diamond drilling on the Sidace Lake project and has commissioned a second drill rig scheduled to begin drilling within the next 10 days in order to pursue the numerous targets identified.

Planet also wishes to clarify results reported for hole RL-04-37 (see news in Stockwatch dated March 8, 2004). The interval 579 metres to 587.10 metres reported 14.47 grams per tonne over 0.8 metre. The reported grade and width are accurate, however, the entire interval should have been reported as follows:

 
  
   From         To        Gold      Width 
      m          m         g/t          m 
  
 579.00     581.00        2.53       2.00 
 586.30     590.00        3.45       3.70 
 586.3      587.10       14.47       0.80 
 

Cannacord dumping.

Planet Exploration Gears Up in Mongolia
Thursday February 12, 7:02 am ET

CALGARY, ALBERTA--Planet Exploration Inc. (TSX-VEN:PXI) has begun preparations for exploration on it's 100% owned Ovoot property acquisition located in Zavkhan province, Mongolia.
Previous exploration (see news release dated November 7, 2003) identified three high grade copper/gold prospects on this property. The Ovoot prospect is the most important occurrence uncovered to date, and consists of fractures with malachite-azurite staining in andesite, skarnised gabbro and quartz-sulphide veins with significant values of copper. Assay results from surface samples have ranged from .77 g/ton to 11 g/ton Au and from 1.81% to 10.32% Cu.

Plans are being finalized for a spring program of more advanced exploration on the Ovoot property. The program will consist of geochemistry, geological mapping and a magnetics and IP survey. Efforts will be concentrated on a smaller area in the Ovoot mountains, where earlier reconnaissance has already identified gold and copper mineralization. The objective of the program is to refine targets for a diamond drill program later this year.

Planet holds two other exploration licences in the Gobi region of Mongolia and has established an office presence in Ulan Bator through Mine Info Ltd. to facilitate further exploration activities and acquisitions. Mine Info is an exploration and development company with several of Mongolia's leading geologists under its employ. Dr. Adrian Mann, Planet's VP of Exploration, will work with Mine Info to plan and oversee all impending work programs.

Planet has a diamond drill program currently underway on its Sidace Lake Property under Joint Venture with Goldcorp Inc. (GG: NYSE; G: TSX) and is in the exploration planning phase on its Copalquin, Mexico and Wulanbulang, China gold projects.

Planet is a junior mineral exploration company with active gold projects in Canada (Sidace Lake being funded by Goldcorp Inc.), Mongolia, Mexico and China.

Planet Exploration reviews 2003, looks at coming year

Planet Exploration Inc PXI
Shares issued 14,947,472 Dec 22 close $1.59
Tue 23 Dec 2003 News Release
Mr. Ranjeet Sundher reports
PLANET EXPLORATION INC.: PRESIDENT'S REVIEW AND OUTLOOOK
Planet Exploration has provided shareholders with a review of 2003 and
outlook for 2004.
"The past year represented a turning point in terms of Planet's exploration
success, acquisition efforts and capitalization plans. There were so many
positive developments that I believe it is worthwhile to summarize these
and to optimistically look forward to 2004."
Review of 2003
First quarter of 2003 -- strategic alliance with Goldcorp on Sidace Lake
project.
January to February -- completed diamond drilling program of eight holes
over 1,553 metres in which five holes successfully intersected the quartz
sericite schist zone with the best width being 102 metres averaging 1.687
grams per tonne. This section also included higher grade intersects of
21.589 grams per tonne over one metre, 8.6 grams per tonne over four
metres, 4.687 grams per tonne over 16.4 metres and 4.85 grams per tonne
over 10.6 metres.
Drill program increased Planet's interest from 30 per cent to 40 per cent.
March -- completed the acquisition of the remaining 60-per-cent in the
Sidace Lake properties to result in a 100-per-cent interest.
March -- formed a deal with Goldcorp Inc., the company's choice of
partners. Goldcorp is Canada's most progressive and innovative gold mining
company, and the undisputed leader in Red Lake exploration.
Goldcorp will spend $2.55-million over three years to earn a 50-per-cent
interest in the property and holds an option to increase its position to
60-per-cent.
March -- Goldcorp participated as to one-half of Planet's $1-million
financing (50 cents per unit). Goldcorp then held 8.78 per cent of Planet's
outstanding shares.
Second quarter of 2003 -- initial Planet/Goldcorp joint exploration program
commenced
April -- May -- Planet and Goldcorp increased their Red Lake mineral
property interests by jointly staking an additional 458 claim units (7,300
hectares) of contiguous lands representing an increase in landholdings of
more than 170 per cent. European investor relations coverage was initiated.
June -- initial Planet/Goldcorp diamond drilling joint exploration program
commenced including 2,500 metres over six holes, detailed magnetics and IP
survey.
Third quarter of 2003 -- most significant results released from Sidace Lake
and Mexico acquisition
July -- Sidace Lake drilling results announced, including a mineralized
zone of anomalous gold values over 200 metres. Within this section was 36.4
metres of 5.36 grams per tonne including 21.4 metres of 7.59 grams per
tonne and 8.5 metres of 11.29 grams per tonne.
August -- Mexico -- acquisition of 100-per-cent interest in the Copalquin
gold/silver project. Planet was attracted to this project for its
high-grade gold potential that was demonstrated in a previous 1998 drill
program.
Haywood Securities initiated analyst coverage on Planet.
September -- Planet participated at the New York Gold Show. This was the
first major conference for Planet.
Fourth quarter of 2003 -- $6.02-million financing and acquisitions in
Mongolia and China
October -- Mongolia -- acquisition of 100-per-cent interest in the Ovoot
gold-copper property, located in Zavkhan province, approximately 900
kilometres west of the capital, Ulaan Baator, covering 2,090 hectares. This
is an active exploration area, and the property is surrounded by other
mining companies. Initial surface sampling has shown gold grades of up to
11 grams per tonne and copper grades of up to 10 per cent.
November -- China -- acquisition of an 80-per-cent interest in the
Wulanbulang gold property as well as an option to acquire three mining
licences and a mill located within the property. An area of 52.57 square
kilometres, it is situated in the Jiuyuan district of Baotou, 600
kilometres west-northwest of Beijing. Previous work by the Chinese
government has indicated the occurrence of over 70 gold-bearing
veins/zones, 35 of which are described as being "strongly" mineralized.
December -- bought deal unit financing of $6.02-million ($1.40 per unit,
each unit consisting of one common share and one common share purchase
warrant). Goldcorp subscribed for $2.52-million, bringing its share
ownership in Planet to approximately 13.5 per cent.
December -- Sidace Lake -- second phase Planet/Goldcorp diamond drill
program commenced, comprising three holes totalling approximately 2,300
metres.
Outlook for 2004
Ranjeet Sundher, president of Planet, comments:
"The company views Mongolia and China as having the potential to host many
undiscovered mining districts. Over the past two years I have spent
considerable time in Mongolia and China looking for properties of
significant merit that made strategic sense for Planet. We view our two new
property acquisitions in these regions as very exciting prospects. Initial
exploration programs for both of these new projects are being planned for
the first quarter of 2004.
"Planet has received expressions of interest from a number of mining
companies to fund development of the Copalquin project in Mexico and leave
Planet with a free-carried interest. Discussions with prospective joint
venture partners are ongoing with a view to having an exploration team in
the field during the second quarter.
"The price of gold recently reached an eight-year high and the outlook for
gold prices in 2004, and for Planet in particular, is bright. We intend to
step up our corporate marketing activities during the next year, with an
aim to increase Planet's analyst coverage and institutional following, both
in North America and Europe based on the significant advancements on our
Sidace Lake gold project and our impressive suite of international gold
properties.
"Our corporate strategy is to continue to find properties of merit in areas
that are underexplored and overlooked by majors, with the objective of
moving the properties rapidly forward to the development stage either alone
or with joint venture partners.
"Planet is fortunate to have a long list of loyal shareholders many of whom
were with us during our first Sidace Lake exploration season back in 1998.
Since then, with your support we have come a long way. Our continued
success at Sidace Lake, our strategic alliance with Goldcorp and the new
projects in Mongolia, China and Mexico should make 2004 an exciting and
successful year. Thank you for your continued support."
WARNING: The company relies upon litigation protection for
"forward-looking" statements.

Thx tackler-

Goldcorp now owns 13.44% of outstanding PXI shares-

Planet Exploration closes $6.02-million bought deal

Planet Exploration Inc PXI
Shares issued 14,947,472 Dec 16 close $1.37
Wed 17 Dec 2003 News Release
Mr. Ranjeet Sundher reports
PLANET EXPLORATION INC.: $6MM FINANCING CLOSED- GOLDCORP INCREASES
INVESTMENT IN PLANET
Planet Exploration has closed its previously announced (see news in
Stockwatch dated Nov. 4, 2003) bought-deal financing of $6.02-million (4.3
million units). Goldcorp provided the lead order for the financing at
$2.52-million, representing 42 per cent of the total financing. Goldcorp
has increased its ownership of Planet from 6 per cent prior to the closing
of this financing to an ownership position of 13.44 per cent of Planet's
currently outstanding shares, and is Planet's partner in the Sidace Lake
gold project.
The units were sold at a price of $1.40 per unit, with each unit consisting
of one common share and one non-transferable common share purchase warrant.
Each warrant entitles the holder to purchase one common share at a price of
$2.00 for 24 months from closing. If at any time after six months, the
trading price of the company's shares close at a price equal to, or higher
than, $3 per share for a consecutive period of 20 trading days, the company
will be entitled to force conversion of the warrants.
Haywood Securities acted as underwriter and received a 6-per-cent cash
commission and warrants to purchase 215,000 units at a price of $1.40 per
unit exercisable for 24 months from closing. All of the securities will be
subject to a four-month hold period in Canada following closing.
Net proceeds will be used to finance exploration on the company's assets,
including the Sidace Lake gold project in Ontario, the company's Mongolian,
Mexican and China mineral properties, and for general working capital
purposes.

They are going deep!
Drilling 200 meters past the 400 meter holes from the before!

Remember Goldcorp is on the case, so I guess they learned about going deep in Red Lake from their previous successes-

They are going deep!

PXI: Sidace Lake Diamond Drill Program Commences

CALGARY, ALBERTA--Planet Exploration Inc. (TSX-VEN: PXI) Planet is please to announce the commencement of the next phase of diamond drilling on the Sidace Lake Property. The exploration is being funded by Goldcorp Inc. under an agreement whereby Goldcorp Inc. can earn an initial 50% interest in the property.
Diamond drilling will test the down dip and strike extensions of the principle gold bearing quartz sericite schist zone. The program will be comprised of three holes totalling approximately 2300 metres.

The diamond drill holes will target a depth 200 metres below RL-03-29. RL-03-29 drilled some of the best drill intercepts to date. These include:

-----------------------------------------------------------------------
Comments From To Width (metres) Grams Gold per Ton
-----------------------------------------------------------------------
North Upper Zone 236.0 276.60 40.60 3.13
-----------------------------------------------------------------------
Including 258.0 272.0 13.0 6.24
-----------------------------------------------------------------------
South Lower Zone 353.4 398.0 44.66 4.094
-----------------------------------------------------------------------
Including 366.0 394.0 28.0 5.41
-----------------------------------------------------------------------


A comprehensive property scale compilation of all the exploration results is being completed. The compilation will assist in delineating additional targets along strike of the main gold mineralized zone. Results from diamond drilling grid east have successfully extended the gold bearing horizon by greater than 900 metres. Re-logging of 1998 diamond drill core has indicated that gold bearing sericite schist is also present greater than 2 kilometres grid west.

Planet is a junior mineral exploration company with active gold projects in Canada (Sidace Lake, being funded by Goldcorp Inc.), Mongolia and Mexico.


--------------------------------------------------------------------------------
Contact:

Planet Exploration Inc.
Ranjeet Sundher
President
Phone: (403) 262-3238
Email: invest@planetexploration.info
Website: www.planetexploration.info
or
N C Fuller Associates Ltd
Nick Fuller/Samantha Fletcher
European Investor Relations
Phone: +44 207 256 5204
Email: sam@nickfuller.com

PLANET OPTIONS CHINA GOLD PROJECT

Planet Exploration has signed an agreement to acquire an 80-per-cent
interest in the Wulanbulang gold property, as well as an option to acquire
three mining licences and a mill located within the property. The property
is located in the Jiuyuan district of Baotou, 20 kilometres from the city
of Baotou, which is 600 kilometres west-northwest of Beijing.

Planet's agreement is with the China National Gold Group Corporation,
represented by its subsidiary Jinyou Geological Exploration Ltd. (the
CNGC). The CNGC was formed in 2003 as a result of a privatization
initiative of the Chinese government. The predecessor organization to the
CNGC was formed in 1979 as a professional gold mining company headquartered
in Beijing, owning eight provincial gold mines and controlling 15 operating
partnerships. CNGC controls 61 gold-mining-related subsidiary enterprises
throughout China. One of the subsidiary enterprises, Jinyou Geological
Exploration Ltd., is the vehicle through which CNGC forms and operates its
joint venture agreements.

The Wulanbulang property has an area of 52.57 square kilometres. Previous
work by the Chinese government has indicated the occurrence of over 70
gold-bearing veins/zones identified to date, 35 of which are described as
being "strongly" mineralized. The zones consist of varying degrees of
quartz veining, potassium feldspar alteration, silicification and sulphide
mineralization within east-west-trending shear zones. Toward the west of
the property, the zones trend more northwest-southeast. Where the main
east-west trend intersects with northeast-southwest and
northwest-southeast-trending structures, the gold mineralization is
described as being typical of Canadian Archean gold deposits and suggests
that the gold may be concentrated in linear "shoots." This will be
considered in any future exploration by Planet.

Within the area of the exploration licence are three mining licences and a
mill, which currently host small-scale operations -- these are known as
vein 12, vein 14 and vein 78. Each mining licence has an area of 0.5 square
kilometre, and is described as being narrow but long (veins 12, 14
reportedly cover seven kilometres of strike length of the same zone, with
vein 12 being the western extension and vein 14 being the eastern
extension). Grades are reported to average 5.5 grams per tonne. The vein
12, 14 and 78 licences, as well as the mill, are included in Planet's
option agreement as it represents excellent potential for early cash flow
with easy access.

Ranjeet Sundher, president of Planet, states, "Given the abundance of
mineralized and altered shear zones, including several producing areas, the
Wulanbulang property would appear to offer good potential to host
larger-scale economic gold mineralization."
Mr. Sundher adds, "Mining licences at vein 12, 78 and 14 being included
with the exploration licence, offers large upside, part of our exploration
program will involve diamond drilling of these zones to expand them both at
depth and along strike, as they are currently open in these directions."

Terms of the deal call for Planet to make cash payments totalling $600,000
(U.S.) over three years to earn an 80-per-cent interest in the Wulanbulang
project. Planet is required to finance a minimum $500,000 (U.S.)
exploration program over three years. Planet also has been granted a option
to purchase 80 per cent of the three mining licences and mill. The terms of
the option call for Planet to first earn its interest in the exploration
property, once this is done Planet can purchase the 80 per cent in the
mining licences and mill for $1.8-million (U.S.).

Goldcorp bought $2.5 million of the last PXI fundraising according to management-

They owned 8.7% of PXI prior to that-
Also Goldcorp is funding the exploration on the Sidace Lake property-

-they are earning 50% by spending $2.5 million-

Out PXI 1.60

I think they have had them for a while-
This company has been around as an exploration company for a long time- since the last mining boom ended, although it was called by a different name-

They had the Red Lake property for a long time as well-

PXI all the friendlies must have there shares

Press Release Source: Planet Exploration Inc.


Planet Exploration Inc. - Gold and Copper Mineralization Discovered in Mongolia
Friday November 7, 8:30 am ET


CALGARY, Nov. 7 /CNW/ - Planet Exploration Inc. (TSX-VEN: PXI) is pleased to announce the results of the initial reconnaissance exploration of its previously announced (October 28, 2003) Ovoot Property acquisition located in Zavkhan province, Mongolia. The 100% owned property is located approximately 900 kilometers west of the capital, Ulaan Baator.
The initial reconnaissance survey included geological mapping and a limited sampling program designed to "ground truth" information originally provided by the vendor of the property. A total of 54 grab rock samples were taken during this program. The Company is very pleased to report that the general geological descriptions provided from the previous exploration activities have been confirmed and grab rock samples from Planet's recent program have confirmed the occurrence of high-grade gold and copper mineralization, as reported below.



-----------------------------------
Sample No. Au g/t Cu %
-----------------------------------
AM5 0.77 1.81
-----------------------------------
AM14 4.95 5.24
-----------------------------------
AM19 0.44 1.03
-----------------------------------
AK8 0.04 1.74
-----------------------------------
ZAB9 0.02 2.36
-----------------------------------
ZAB12 9.11 1.86
-----------------------------------
ZAB13 2.28 4.71
-----------------------------------
ZAB14 1.58 3.28
-----------------------------------

Planet regards the Ovoot Property as a very exciting prospect based on its recent geological mapping and sampling program, and is presently compiling all of the information collected as the first stage in the preparation of an aggressive exploration program.
Planet holds three other exploration licenses in the Gobi region of Mongolia and has established an office presence in Ulaan Baator to facilitate further exploration activities and acquisitions. Robert Weicker, of Kleinebar Resources Ltd., a Canadian geologist and qualified person under NI 43-101, will work with Planet to plan and oversee all upcoming work programs.

The Company is currently reviewing several other prospective gold projects in Mongolia and elsewhere.

Planet is a well-funded junior mineral exploration company with active gold projects in Canada (Sidace Lake being funded by Goldcorp Inc.), Mongolia and Mexico.


The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

For further information

Ranjeet Sundher, President, (403) 262-3238, Email: Investor@planetexploration.info, Website: www.planetexploration.info
European Investor Relations: Nick Fuller/Samantha Fletcher, N C Fuller Associates Ltd, Tel: +44 207 256 5204, Email: sam@nickfuller.com

Sounds good to me!

That was fast already oversubscribed good news indeed. Ok let's get this done and move this thing.

Planet Exploration increases financing to $6.02-million

Planet Exploration Inc PXI
Shares issued 14,885,445 Nov 3 close $1.45
Tue 4 Nov 2003 News Release
Mr. Ranjeet Sundher reports
PLANET INCREASES BOUGHT DEAL FINANCING
Planet Exploration has agreed, subject to regulatory approval, to increase
its bought-deal financing reported in Stockwatch on Nov. 4, 2003, of
$5.04-million (3.6 million units) to $6.02-million (4.3 million units). All
other terms and conditions of the bought-deal financing remain the same as
previously announced.
The units will be sold at a price of $1.40 per unit. Each unit comprises
one common share and one non-transferable common share purchase warrant.
Each warrant will entitle the holder to purchase one common share at a
price of $2 for 24 months from closing. If at any time after six months the
trading price of the company's shares close at a price equal to, or higher
than, $3 per share for a consecutive period of 20 trading days, the company
will be entitled to force conversion of the warrants.
Haywood Securities will act as underwriter and will be entitled to receive
a 6-per-cent cash commission and compensation options equal to 5 per cent
of the number of units sold in the offering, entitling Haywood to subscribe
for units at a price of $1.40 per unit exercisable for 24 months from
closing. All of the securities will be subject to a four-month hold period
in Canada following closing.
Net proceeds will be used to finance exploration on the company's assets,
including the Sidace Lake gold project in Ontario, the company's Mongolian
and Mexican mineral properties, and for general working capital purposes.
The private placement is subject to acceptance for filing by the TSX
Venture Exchange.

Excellent news release IMO-
A bought deal seems to work good these days-

PXI financing

Press Release Source: Planet Exploration Inc.


Planet Arranges $5,040,000 Bought Deal Financing
Tuesday November 4, 12:56 pm ET


(TSX-VEN: PXI)
CALGARY, Nov. 4 /CNW/ - Planet Exploration Inc. (TSX-VEN: PXI) has agreed to sell 3,600,000 units on a bought-deal basis for gross proceeds of $5,040,000.
The units will be sold at a price of $1.40 per unit and each unit comprises one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $2.00 for 24 months from closing. If at any time after six months the trading price of the company's shares close at a price equal to, or higher than, $3 per share for a consecutive period of 20 trading days, the Company will be entitled to force conversion of the warrants.

Haywood Securities will act as underwriter and will be entitled to receive a 6-per-cent cash commission and compensation options equal to 5-per-cent of the number of units sold in the offering, entitling Haywood to subscribe for units at a price of $1.40 per unit exercisable for 24 months from closing. All of the securities will be subject to a four-month hold period in Canada following closing.

Net proceeds will be used to finance exploration on the Company's assets, including the Sidace Lake gold project in Ontario, the Company's Mongolian and Mexican mineral properties and for general working capital purposes. The private placement is subject to acceptance for filing by the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy and of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

Planet is a junior mineral exploration company with active gold projects in Canada (Sidace Lake being funded by Goldcorp Inc.), Mongolia and Mexico.


Ranjeet Sundher
President
(403) 262-3238


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information

Email: Investor@planetexploration.info, Website: www.planetexploration.info
European Investor Relations: Nick Fuller/Samantha Fletcher, N C Fuller Associates Ltd, Tel: +44 207 256 5204, Email: sam@nickfuller.com

I see that- wonder what is going on there?

PXI halted

Ranjeet has done a lot of staking in Mongolia-
He got some land for BCP last year I believe-

he seems to know what id going on over there, so I am thinking the Planet Mongolia ground is good stuff -

PXI Mongolia news

Press Release Source: Planet Exploration Inc.

Planet Acquires Ovoot Gold-Copper Property, Mongolia
Tuesday October 28, 8:30 am ET

(TSX-VEN: PXI)
CALGARY, Oct. 28 /CNW/ - Planet Exploration Inc. is pleased to announce the acquisition of a 100% interest in the Ovoot Property, located in Zavkhan province, Mongolia. The property is located approximately 900 kilometers west of the capital, Ulaan Baator.
The Ovoot Property comprises Mineral License 4732X covering 2,090 hectares, located in the southeastern portion of the Bayan-Airag gold-copper region of the Urgamal-Zavkhanmandeal metallogenic belt. This is an active exploration area, and the property is surrounded by other mining companies. The property is underlain by volcanogenic-sedimenatry rocks and volcano- plutonic rocks of Permian age.

Previous preliminary exploration by the vendor of the property has reportedly uncovered three copper prospects on the property. The Ovoot Prospect is the most important occurrence uncovered to date, and comprises fractures with malachite-azurite staining in andesite, skarnised gabbro and quartz-sulphide veins with significant values of copper, silver and gold. Mineralization was observed over a 50 by 100 meter area with sampling (August 2000) by the vendor reporting the following results:

Sample No. Au g/t Cu % Sample No. Au g/t Cu %
------------------------------------------------------------------
OV 02 11.20 0.51 OV 22 10.10 2.01
OV 03 0.32 6.52 OV 31 6.80 0.66%
OV 04 0.24 10.32 OV 36 0.03 1.28
OV 10 6.00 0.19 OV 37 3.50 4.62
OV 15 3.25 3.46 OV 38 5.60 1.65
OV 20 3.65 3.85 OV 41 1.09 1.49

These samples are reported to represent selected grab rock samples. In total 47 samples were taken with 15 samples returning values of 1.11 to 11.2 g/t gold (Au), and 18 samples returning 1.02 to 10.32 % copper (Cu). The assays were performed by Analabs Pty. Ltd. Of Ulaan Baator. All information regarding the nature of sampling and the assay results obtained were provided to Planet by the vendor of the property and have not yet been verified by Planet.
The Ovoot Property was acquired through a direct cash purchase from a private Mongolian company, Orgil Munkh Trade Co. Ltd. Planet has recently mobilized a field crew of 4 geologists to visit the property and complete initial geological mapping and sampling to confirm the information provided by the vendor and to initiate Planet's further exploration.

Planet holds three other exploration licenses in the Gobi region of Mongolia and has established an office presence in Ulaan Baator through Mine Info Ltd. to facilitate further exploration activities and acquisitions. Mine Info is an exploration and development company with several of Mongolia's leading geologists under its employ. Robert Weicker, a Canadian geologist and qualified person under NI 43-101, will work with Planet and Mine Info to plan and oversee all upcoming work programs.

The Company is currently reviewing several other prospective gold projects in Mongolia and elsewhere.

Planet is a well-funded junior mineral exploration company with active gold projects in Canada (Sidace Lake being funded by Goldcorp Inc.), Mongolia and Mexico.


Ranjeet Sundher
President
(403) 262-3238


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information

Paul McKenzie, Tel: (604) 681-9897, Toll Free 1-866-733-5253, Email: Investor@planetexploration.info, Website: www.planetexploration.info
European Investor Relations: Nick Fuller/Samantha Fletcher, N C Fuller Associates Ltd, Tel: +44 207 256 5204, Email: sam@nickfuller.com



--------------------------------------------------------------------------------
Source: Planet Exploration Inc.

Thx tackler- that is more good news for Planet-
19 gms over 2 meters is not too shabby!

PXI - 19 grams over 2 meters

Planet releases Sidace Lake drill results

Planet Exploration Inc PXI
Shares issued 14,885,445 Oct 21 close $1.43
Wed 22 Oct 2003 News Release
Mr. Ranjeet Sundher reports
PLANET EXPLORATION INC. - DRILLING INTERSECTS NEW HIGH GRADE GOLD
MINERALIZATION
Planet Exploration is continuing the successful exploration of its Sidace
Lake project in the Red Lake area. The exploration program is being
financed by Goldcorp Inc. under an agreement whereby Goldcorp can earn an
initial 50-per-cent interest in the property. A total of six additional
diamond drill holes have been completed (RL-03-31 to 36) comprising 2,915
metres. The last six holes were designed to test for the quartz sericite
schist along strike and to step out from the main gold zone up to 900
metres east. Holes RL-03-31, 34, 35 and 36 encountered the quartz sericite
schist zone with highly anomalous gold (0.5 to 2.7 grams) over intervals up
to 45 metres. Hole RL-03-33 encountered 19.34 grams gold over two metres in
mafic volcanics at a vertical depth of 140 metres. This represents a new
style of high-grade mineralization compared with the initial gold discovery
zone. Further work will determine if this represents a new target type on
the Sidace Lake project.
A detailed airborne magnetic survey has been completed and the preliminary
data are being reviewed. The results of the airborne magnetics coupled with
the 2002-2003 diamond drill programs and relogging of the 1998 and 1999
diamond drill holes have resulted in the determination that the original
gold-bearing quartz sericite schist zone is now interpreted by Planet to
extend for more than three kilometres.
The next diamond drill program will commence once Planet and Goldcorp have
reviewed and compiled all the available exploration data. The program will
comprise an EM survey which will be used in conjunction with the
high-resolution airborne magnetics data and mineral element analysis to
refine new drill targets. The quality of the available data has allowed the
interpretation of numerous structures that will be prioritized for drilling
once the compilation is complete. The program will also include diamond
drill holes to test the main gold zone at depth.
Garry Clark, PGeo, of Clark Exploration Consulting, Thunder Bay, is the
qualified person for this project.

Good action today- looks like it has bottomed and going up?

PXI price is going up again- Supposed to have a meeting with Goldcorp going on I read on another chatboard-

I would think Planet CEO Ranjeet Sundher went all the way to Mongolia to get something done!

Not sure when he gets back-

In the meantime i am having lots of fun playing currencies!

I agree, here is the Mongolia properties map off the Planet website.

You might want to take a look at Bell Coast Capital. http://www.investorshub.com/boards/board.asp?board_id=1984
They have the properties in red, quite substantial. For some reason they are not promoting but insiders have been accumulating the stock.

That is usually a good sign, when the CEO is buying-

I know that Ranjeet was just over in Mongolia, so maybe we will hear something about this property soon-

I think it is in one of the hottest mining areas around with Friedland making that HUGE disocvery, and the Mongolian government is gung-ho to get their mining going so that is all very favourable IMO-

244.65 g/t GOLD over 4m:

Press Release Source: Planet Exploration Inc.


Copalquin, Mexico property exploration program
Monday October 6, 8:30 am ET


(TSX-VEN: PXI)
CALGARY, Oct. 6 /CNW/ - Planet Exploration Inc. (TSX-VEN: PXI) announces the completion of its initial on-site geological review of the previously announced (August 28, 2003) property acquisition in the Copalquin Mining District located in the State of Durango, Mexico. The Copalquin property comprises 7,005 hectares. Planet has the option to earn up to a 100% interest.
The Copalquin Mining District is reputed to have produced at least 250,000 ounces Au and 11 million ounces Ag from 336,000 tonnes mined prior to 1985. Much of this production was before the revolution (pre-1910), and the majority came from only 5 mines: San Manuel, Los Reyes, El Refugio, La Soledad and El Cometa, all of which are located within the Copalquin property. The mines exploited narrow (0.5-1.5m thickness) quartz veins with high gold and silver grades in Tertiary andesites, which overlie intrusive Tertiary quartz monzonites.

The district is in a remote rugged area in the northwest of the state of Durango, accessible only on foot or by light STOL aircraft. Because there is no road into the area logistics will be relatively difficult however this restricted access has kept other explorers at bay and has preserved the potential of this area for further discovery and exploitation.

Observed in outcrop and the sidewalls of the old stopes during Planet's on-site inspection and as reported from previous mapping and drilling, are vein breccia and quartz stockwork deposits that are gold and silver bearing. These breccia-stockwork bodies could have economic potential as moderate tonnage, low grade gold and silver open pit targets. In addition, in the Bell Coast Capital Corp. ("BCP") 1997/1998 drill program, significant values were returned and publicly reported (June 30 and August 17, 1998) from several holes on El Cometa, specifically:


HOLE No. FROM TO INTERVAL GOLD SILVER
m m m g/t g/t
EC-02 35.75 39.75 4.00 244.65 2250
EC-08 44.50 46.00 1.50 10.60 301
EC-09 28.80 47.00 18.20 8.55 144
EC-10 32.50 39.40 6.90 17.03 352
EC-11 32.00 32.80 7.50 1.33 55
EC-12 20.00 24.00 4.00 18.19 369
38.40 39.40 1.00 35.19 609
EC-13 19.50 22.50 3.00 77.57 733
32.50 34.50 2.00 7.73 106

Although these values are confined to a relatively short strike length, Planet regards them as very exciting. The best exploration-evaluation technique for such deposits is methodical pattern diamond drilling. Two potential bodies, which can be readily defined, have been earmarked for such work by Planet. On El Cometa, from which BCCC returned some exceptional grades in their 1997/8 drilling program, 1500m of drilling is proposed over 16 holes. On El Refugio, 3000m is proposed over 25 holes.
As a part of the effective ground truthing nature of Planet's site investigation, a limited number of samples were taken which confirmed the previously reported mined grades.

The proposed Planet exploration program will be helicopter supported and will be spread over three phases. The program is designed to evaluate the known high grade mineralization and to explore the inferred lower grade mineralization targets, both highlighted by previous work. There is potential for further high grade pay shoots to be discovered in quartz veins. An ancillary program will also explore for new targets of a similar nature by grassroots exploration. Most of this other prospecting will be by trenching, supported by geological mapping, and perhaps ground-based electromagnetic geophysics, if it proves applicable. There is provision in the proposed program for an additional 1,000m of drilling in 6 holes on such high grade targets

Because of the favourable geological environment, Planet is investigating additional acquisition opportunities in the State of Durango.

Dr. Adrian G. Mann, P. Geo is the Qualified Person (QP) for the project.

Planet is a junior mineral exploration company with active gold projects in Canada (Sidace Lake, which is being funded by Goldcorp. Inc.), Mexico and Mongolia.


Ranjeet Sundher
President
(403) 262-3238


The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

For further information

Paul McKenzie, Tel: (604) 681-9897, Toll Free 1-866-733-5253, Email: investor@planetexploration.info, Website: www.planetexploration.info
European Investor Relations: Nick Fuller/Samantha Fletcher, N C Fuller Associates Ltd, Tel: +44 207 256 5204, Email: sam@nickfuller.com



--------------------------------------------------------------------------------
Source: Planet Exploration Inc.

Ranjeet Sundher, he does alot of trading but from 08-20 to 09-11 has increased his holdings by 26.5k shares at a cost of $40,000.00.

What do you think of Planet's Mongolian holdings?

What insiders have been buying PXI?
That is always a good sign for sure-

Bonds rallying sharply. Another refi blow off coming?

And there's no inflation. And lots of jobs.

Picked some PXI today @ 1.40 there has been some insider buying on it I like to see. Here is a chart.

Here are the 4 latest news releases:

Latest drill results-
Thursday September 11, 8:30 am ET
http://biz.yahoo.com/cnw/030911/planet_drill_results_1.html

Property acquisition in Mexico-
Thursday August 28, 8:30 am ET
http://biz.yahoo.com/cnw/030828/planet_project_mexico_1.html

Planet Goldcorp Joint Exploration-
Friday August 15, 6:58 pm ET
http://biz.yahoo.com/cnw/030815/planet_gldcrp_jnt_exp_2.html

The most significant results to date from Planet/Goldcorp Sidace Lake Project
Tuesday July 22, 8:30 am ET
http://biz.yahoo.com/cnw/030722/planet_goldcorp_reslt_1.html