Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

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

Basser , 2nd serving sur.v in the net at $1.03
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G'morning choad,
In case you haven't seen SUR.V's latest update......
The increasing emphasis on their copper potential is only bolstering my earlier belief that this would be a twenty bagger. The proof, however, will be in the drilling results.
Let us hope the orebodies have some decent depth to them. <GG>


Sur American Gold Corporation: Exploration and Corporate Update

Monday March 15, 10:54 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 15, 2004--Sur American Gold Corporation (TSX VENTURE:SUR - News) is very pleased to provide an update on exploration at its Comval project, Philippines and recently announced financing.
Highlights include:

* The exploration focus has moved to a potentially higher grade bulk mineability 800m by 500m area in the Tarale zone on the south-east flank of the Batoto intrusion as part of the selection process for the initial drilling program.

* The discovery of copper mineralization in the Tarale area may suggest a copper-gold porphyry target under Batoto gold system.

* Alteration/mineralized zone at Batoto has now been extended to more than 2km by 2km which is consistent with size of regional copper-gold porphyry systems in Eastern Mindanao Mineral Belt.

* 134 line km geophysical survey commences.

* Excellent response in Europe and Canada to financing.

* People employed by the Company and related companies now exceeds 100.

COMVAL GOLD PROJECT

As part of the area selection process for the initial drilling program a major trenching, mapping and sampling program over a 800metre wide area in the Tarale zone on the southeast flank of the Batoto intrusion has commenced. This area contains more than 20 larger high grade veins including the high grade Amy structure in addition to countless gold bearing smaller veins, veinlets and microveinlets between the major structures. This large area, based on work conducted to date appears to be one of the higher grade zones of Batoto and is being considered as one of the initial drilling targets.

Of potential significance is the discovery of copper mineralization in veinlets within the Tarale #56 vein and other veins in the Batoto system. This discovery lends weight to what several Company personnel and consultants believe may be a copper-gold porphyry target under Batoto. This possibility will be tested by the on-going geophysical program which detects disseminated sulphides typical of porphyry copper-gold systems.

Recent mapping has increased the area of observed alteration/mineralization to more than 2km by 2km.

GEOPHYSICAL SURVEY

An extensive gradient array induced polarization geophysical survey has commenced. Approximately 134 line kms will be surveyed over all the known gold and copper-gold mineralized areas. To date 3km has been surveyed. The rate of progress is expected to be about 800m per day.

DRILLING PLANS

Based on work completed to date, on-going exploration and the geophysical results targets will be selected and progressively drilled. The Company does not plan to wait for all of the geophysical to come to hand prior to drilling but will drill targets as they are defined. The Company anticipates that more than 70,000 metres will be required to adequately test the known targets in the Comval Project area.

FINANCING

An excellent response to the Company's proposed financing has been received from institutional fund managers, analysts and brokers in Europe and Canada. The completion of the financing is about 1-2 weeks behind schedule as a result of the unavailability of some of the key financing managers who have been attending mining conferences in South Africa, Florida and Toronto. Financing documentation is expected to be forwarded to the TSX Venture Exchange in about three weeks.

All sampling practices are approved by Mr Rennie Blair, Company President who is the qualified person as required by National Policy 43-101.

Sur American Gold Corporation trades on the TSX Venture Exchange (Canada) with trading symbol SUR-V.

http://biz.yahoo.com/bw/040315/155640_1.html