Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Gold related post (SUR.V) ***

Hi ml,
Are you at all familiar with SUR American Gold? I've posted a couple of things about them in the fairly recent past so please do a search under SUR.V to get a better idea of what they seem to have going for them. I'm blown away by the high grade test results they've shown so far and today's release doesn't diminish my enthusiasm in the least.

Even though they have a pink sheet listing (as do most new companies) I've been buying them on the Toronto Stock Exchange to avail myself of the probable 20% gain in the conversion rate when the Canadian Dollar gains parity with the USD. At today's conversion rate they're selling for $0.54CAD which is $0.413USD.

I think SUR's upside potential in % terms is infinitely better than any other mining stock that has caught my attention up to now.

Kindly let me know what you think.
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Sur American Gold Corporation: Continuing Exploration Success At Comval Gold Project, Philippines

Tuesday December 9, 9:09 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 9, 2003--Sur American Gold Corporation (TSX Venture:SUR - News) is very pleased to advise that it has received further excellent results from the Batoto and Tarale areas of its Comval Gold Project, Mindanao, Philippines.

The latest results continue to support the model of large quartz stockwork gold deposits cut by medium to high grade veins.

As indicated in the Company's news release dated November 7, 2003 the exploration/development strategy calls for a dual program of mapping, sampling and assaying of the more than 60 gold bearing vein systems leading to underground development and bulk metallurgical testing and secondly in order to ascertain bulk mineability by undertaking a comprehensive sampling program of fresh rock from existing and new exploration and production adits in the Batoto and Tarale stockwork zones.

Recent highlights:

*High grade bulk samples taken from the 2-10 metre wide Batoto St Rafael vein of 9.6 g/t and 11.9 g/t gold. This vein is being developed in order to provide samples for bulk metallurgical testing and will also enable the development of a long cross cut to ascertain the grade of the deposit over an interval of approximately 200 metres wide in fresh rock under the base of a previous (1980-1981) open cut operation. To date about 3.5 tonnes have been removed.

*High grade bulk samples from the 1-2 metres wide St John Batoto vein of 8.7 g/t and 21 g/t gold as well as lower grade wall rock of 4.7 g/t and 3.5 g/t gold. To date 11.6 tonnes have been removed.

* Pervasive mineralization grading approximately 0.8 g/t gold over the entire 50 metre length of a recently discovered tunnel in relatively fresh rock near the Batoto St John area. Sampling was undertaken in 4 metre sections and every second sample interval was assayed using bulk leaching in 8 kg capacity leach tanks. This result is highly encouraging and when taken together with the known higher grade veins strongly indicates the potential bulk mineability of large areas within the Batoto deposit. This crosscut is planned to be extended further to join up with the St John vein some 30 metres to the west and may be developed well beyond the St John vein.

* The discovery of a further 6 veins in the Tarale zone. To date only two have been sampled and assayed. Tarale 48 is a 3 metre wide structure which assayed 7.1 g/t gold and Tarale 49 is a 1.9 metre wide structure which returned 14.4 g/t gold. To date more than 52 structures have been discovered in this zone. Considerable work remains to be done in this area as all the intervening areas exhibit intense quartz veining and stockworking.

* Commencement of development of four high grade Tarale veins viz Tarale 7 (148.3 g/t), Tarale 8 (42.6 g/t), Tarale 12 (34.8 g/t) and Tarale 15 (16.5 g/t gold). The purpose of this development is to obtain samples for bulk metallurgical testing and also to enable the development of a major cross cut across the 200 metre wide Tarale zone in order to determine the bulk mineability of this large area.

All sampling is personally undertaken by experienced technical personnel who each have more than 15 years experience in correct sampling practices. Sampling practices are personally approved by Mr Rennie Blair Msc, FAusIMM, the President of Sur American Gold Corporation who is a qualified person as defined by National Policy 43-101. The latest assaying was performed at the JBMM Laboratory at Monkayo, Compostela Valley Province.

Sur American Gold Corporation trades on the TSX Venture Exchange under the symbol "SUR". The Company's directors, management and technical team are very experienced in all facets of the mineral resource industry and are focused on increasing shareholder value by exploring in the high potential magmatic arc of the western Pacific.

http://biz.yahoo.com/bw/031209/95377_1.html
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Do you still own PMU?

http://biz.yahoo.com/bw/031208/85466_1.html