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   Gold/Mining/EnergyOlympus Pacific Minerals (OYM.V, OLYMF.BB)


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To: Francis R. Biscan Jr. who wrote (2)9/12/2000 1:48:35 AM
From: Francis R. Biscan Jr.
   of 8
 
News Releases - September 11, 2000


ASSAY RESULTS FROM PHUOC SON PROJECT

Olympus Pacific Minerals Inc. (“the Company) is pleased to announce further assay results from its ongoing
drilling program at the Phuoc Son gold project. The property is located approximately 140 kilometres (90 miles) by road, west of the coastal city of Danang in central Vietnam. Drilling is continuing on both the Bai Dat and Bai Go mineralized zones, which are located on a single fault/shear structure. Bai Go is on strike with Bai Dat, but located about 1 kilometre to the north.

Drill hole DSDH-45 was recently completed in the Bai Go area. As is normal procedure, the drill core was split and selected samples were sent for fire assay to Genalysis Laboratory Pty. Ltd. of Perth, Western Australia. In total, 17.0 metres of split core intercept were selected for assay in Australia.

The material selected for assay in Australia appeared to be unusually well mineralized. Hence, as a check procedure, 12.15 metres of the most mineralized section of drill core were re-split and sent to the Bondar Clegg laboratory in North Vancouver for check assay. The check assay results are now available. Selected results are shown below in Table I. (Found at website) The original split core that was sent to Australia is now being assayed. Results will be announced as soon as available.

Drill hole DSDH-45 is located 25 metres south of DSDH-40, which also demonstrates that a very high-grade core exists within the mineralized zone delineated to date at Bai Go.

The Bai Go mineralized zone has now been intersected in four drill holes as shown in Table II. (Found at website) From Table II it can be seen that the average mineralized intercept at Bai Go exceeds 5.00 metres (16.61 feet) and that the weighted average grade encountered to date at Bai Go is 22.01 g/t Au (0.64 oz/ton Au), 62.18 g/t Ag (1.81 oz/ton Ag), 5.41% Pb and 0.32% Zn.

The above assay results are regarded by the Company as very encouraging and indicate that the mineralization at Bai Go is locally of greater thickness and grade than that identified to date at Bai Dat.

Drilling will continue both at Bai Dat and Bai Go until the start of the monsoon season in early November.

Assay results from Genalysis Laboratory of Perth, Western Australia and check assay results from Bondar Clegg of North Vancouver will continue to be released as they become available.

On behalf of the Board of:
OLYMPUS PACIFIC MINERALS INC.

Arthur T. Fisher
President

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To: Francis R. Biscan Jr. who wrote (3)9/22/2000 9:15:20 AM
From: Ron Struthers
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Rich, this one seems pretty quiet, not very well known yet. It looks like huge potential on this system, but more drilling is needed on strike to increase size, so far some excellent intersects.

I see Haywood put out a buy yesterday, probably the 1st coverage on this one, expect more to follow

Ron

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To: Ron Struthers who wrote (4)9/22/2000 7:43:02 PM
From: Francis R. Biscan Jr.
   of 8
 
Hi Ron,

>> It looks like huge potential on this system, but more drilling is needed on strike to increase size, so far some excellent intersects.<<

Yep......We should get somemore holes soon. It will be interesting to see if they can pull some more holes like #45.

It is also interesting to note that after Ivanhoe first started to let their percentage drop off....now they are paying up.

Take care,

Rich

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To: Francis R. Biscan Jr. who wrote (5)9/26/2000 1:14:32 PM
From: Ron Struthers
   of 8
 
Rich, yes I noticed Ivanhoe is paying up again, I bet they wish they paid up earlier to keep a higher percentage

Ron

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To: Ron Struthers who wrote (6)9/27/2000 9:29:11 AM
From: Francis R. Biscan Jr.
   of 8
 
Morning Ron,

>>I bet they wish they paid up earlier to keep a higher percentage<<

Yep.....and it looks like it is going to feel more painful as this thing grows.

Looking forward to the stepouts from that last high grade hole :-)

Have a good day,

Rich

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From: canucklehead8010/19/2011 7:57:04 PM
   of 8
 
The Golden East
Olympus Pacific Expands in SE Asia

By Greg Klein

It was 1996. While struggling to revive an inactive Vancouver Stock Exchange-listed company, David Seton encountered two formidable forces—legendary mining promoter Robert Friedland and the Vietnamese government. Now Friedland is the billionaire CEO of Ivanhoe TSX:IVN, Vietnam has two additional gold mines, and the once-inactive company, Olympus Pacific Minerals Inc TSX:OYM, runs those mines as it advances another Southeast Asian project to feasibility.

“We bought the first property in central Vietnam from Robert Friedland when he was Indochina Goldfields,” says James Hamilton, VP of Investor Relations for Olympus Pacific. “When we took over, we didn’t realize what he’d been telling the Vietnamese. We walked in there and only had a small resource. But they expected a full gold factory to be built right away. We said, ‘You can’t do that, you have to do all this drilling and go into feasibility.’ They said, ‘We don’t care, Friedland told us we’re going to get a gold-processing plant.’ We were kind of coerced into building a plant. It was very premature to what we’d planned to do. But it did pay off because we got access to a second property where we’ve just commissioned a state-of-the-art facility. It’s a fairly high-grade deposit and it’s a real cracker of a plant. It’s been in commission since July and we’re already over 90% recoveries.”

Read the rest of this article.

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