Replies to post #11 on Planet Exploration (fka PXI.V)

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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.