Metals Exploration Regulatory News (MTL)

2 Mar 2005 10:52

Metals Exploration PLC02 March 2005 INITIAL SAMPLING AT MASAPELID PROSPECT IDENTIFIES SIGNIFICANT GOLD AND SILVER MINERALISATION Metals Exploration is pleased to announce the first results since commencementof field work at our Masapelid Project in Surigao del Norte Province,Philippines. 11 rock chip samples were collected during a reconnaissance survey of thehistorical Layong Vein mining area. The samples were submitted to anindependent, certified laboratory (Intertech Testing Laboratories) in SurigaoCity, for multi-element analyses. Table 1. Gold and Silver results - Rock-chip sampling - Masapelid Project, Philippines Sample Gold Silver Description of Rock SampleNumber (g/t) (g/t) MSP001 0.12 0.1 altered diorite with minor quartz veinletsMSP002 0.92