CES Energy Solutions Corp T.CEU

Platinum Group Metals too

[BigRichard]

Oppie, PMZ has had a nice climb no doubt fuelled by its most recent NR (below)focused on a PGM property in Yunnan Province. The stock is very thinly traded and hence could be volatile. The JBS property (initials after a nearby Buddist temple) will shortly be drill-tested although no idea when the results will be released. I know the chief geologist who is Canadian but originally from China and so no problems with language or culture. He is a very hard working and intelligent with lots of Canadian exploration experience and so the project is in good hands. Also watch METALLICA RESOURCES (MR on TSE) which will shortly be releasing drill results from its El Morro copper-gold porphyry deposit in Chile joint-ventured with Noranda (anomalous volume yesterday). It was proclaimed as the 2001 Discovery of the Year with 410 million tonnes of 0.61% copper (=4.5 billion pounds) and 0.55 grams of gold (=5 million ounces). I have a position in MR but unwittingly missed the boat on PMZ and will wait for a pull-back. This company also in Nesbitt Burns model junior portfolio: "We added four new names to the portfolio this month. In the gold sector, we added Metallica Resources to our holding of Repadre. Metallica is an emerging gold producer whose primary assets are the Cerro San Pedro heap leach gold-silver project (50%) in Mexico and the promising La Fortuna prospect (30%), part of the El Morro copper-gold exploration project in Chile. Craig Miller rates Metallica Outperform (Speculative). Cerro San Pedro is awaiting financing; Glamis is the operator and has included 781,000 ounces in its 2001 reserve estimates for its 50% stake in the project. La Fortuna is still in the resource definition stage, with Noranda the operator. The deposit is open and far from being drilled off, while a preliminary scoping study suggests that Fortuna has a good chance of being a large mine." The PMZ bullboard is even deader than the CEU one with an absence of pumpers over there. May as well make this site a substitute as nothing ever happens here!!! Best of luck and hope you don't mind all this info. BR PACIFIC MINERALS INC ("PMZ-V;PFMEF-0") - Underground PGM Assays for JBS Pacific Minerals Inc. is pleased to announce that it has concluded the first phase of underground sampling at the JBS palladium-platinum-nickel-copper deposit located in the Yunnan Province of southern China. This program was designed to assess the continuity and grade of the K1 and K2 ore bodies intermittently exposed in an extensive network of underground workings located in the Northern Mineralized Zone (NMZ) of the JBS deposit. The sampling program involved the collection of 1,245, one-meter channel samples from adit PD-1339 and eight associated crosscuts. Samples were crushed, split, and pulverized in a nationally certified Chinese laboratory in Dali, Yunnan Province. The pulps were then shipped to Genalysis Laboratory Services Pty Ltd. Perth, Australia for final analysis. The samples were fire assayed for gold, platinum and palladium with a second split analyzed for copper, nickel, cobalt and chrome using Atomic Absorption Spectrometry. Genalysis is presently completing assaying for additional PGM's including Ir, Os, Ru, Rh and Re. The final assay results will be reported in a separate news release at the end of March, 2002. Genalysis is a certified laboratory (#3244) with the NATA (National Association of Testing Authorities of Australia) and is widely used by mining and exploration companies operating throughout Australasia. The JBS deposit is comprised of two mineralized zones (Northern and Southern) with a combined strike length of 3400 meters and a width varying from 200-600 meters. Previous drilling and underground work by the Chinese Government concentrated on the Northern mineralized zone ("NMZ") where a drill-indicated resource of 9,439,653 tonnes averaging 0.90 g/t Pt, 1.77 g/t Pd, 0.20% Cu and 0.21% Ni, has been defined. The NMZ is defined by the K1 and K2 ore bodies that form a series of sub-horizontal lenses which exhibit an undulating and bifurcating pattern on the mine-scale. Due to the irregular nature of the ore bodies, only seven mineralized intervals were cut by existing underground access - five intersections in the K1 and two intersections in the K2 orebodies. The mineralized intervals have been defined over a horizontal distance of 398 meters which returned an average grade of 2.25 g/t Pt + Pd + Au plus 0.110 % Cu, 0.188 % Ni and 0.014 % Co. A total of 801, one meter long, channel samples were collected along adit PD-1339. The significant assay intervals are summarized in Table 1. Table 1: Significant Channel Sampling Results for Adit PD-1339 Interval Width Au Pt Pd Total Cu Ni Co Ore From To (m) g/t g/t g/t PGE % % % Lens 0 32.0 25.0 0.216 0.761 1.224 2.201 0.285 0.286 0.0166 K1 96 147 51.0 0.082 0.383 0.603 1.069 0.096 0.159 0.0153 K2 282 349 66.0 0.097 0.702 1.152 1.951 0.062 0.116 0.0142 K2 Incl. 284 293 9.0 0.404 3.310 5.503 9.217 0.284 0.327 0.0186 K2 327 349 22.0 0.073 0.539 0.872 1.484 0.047 0.143 0.0135 K2 392 566 174.0 0.121 0.884 1.333 2.338 0.123 0.189 0.0144 K1+K2 Incl. 464 525 61.0 0.120 0.901 1.327 2.349 0.139 0.187 0.0136 K1 Incl. 544 566 22.0 0.396 3.037 4.762 8.195 0.347 0.334 0.0167 K2 593 599 6.0 0.126 0.901 1.327 2.349 0.139 0.187 0.0136 K2 683 767 84.0 0.229 1.271 1.914 3.415 0.127 0.214 0.145 K2 Incl. 754 766 12.0 0.555 3.141 4.543 8.240 0.320 0.335 0.0166 K2 Channel sampling was also undertaken in eight crosscuts where underground access was easily facilitated. The majority of the Chinese crosscuts were poorly positioned in the footwall of K1 or K2 ore zones. Furthermore, the crosscuts were not driven far enough in an east-west direction to effectively test the entire width of NMZ, estimated at 350 meters. The average length of the crosscuts was 55 meters. PD-320 and 324 were the only crosscuts correctly positioned in the ore zones. (Please visit our website for the Portal PD 1339 plus cross-cuts plan map). A total of 443 channel samples were collected from crosscuts PD-312, 313, 315, 320, 322, 324, 325 and 326 and the significant assay intervals are summarized in Table 2. Table 2: Significant Channel Sampling Results for Crosscuts Interval Width Au Pt Pd Total Cu Ni Co Ore From To (m) g/t g/t g/t PGE % % % Lens PD312E 4 25 21.0 0.082 0.383 0.603 1.069 0.096 0.159 0.0153 *K1 PD320E 2 79.1 77.1 0.149 1.020 1.737 2.906 0.233 0.232 0.0166 K1 Incl. 11 22 11.0 0.485 3.207 5.083 8.775 0.293 0.336 0.0163 K1 Incl. 5 21.7 16.7 0.359 2.418 3.816 6.594 0.224 0.288 0.0158 K1 PD322W 29.8 32.8 3.0 0.234 1.159 2.177 3.570 0.172 0.189 0.0142 **K1 PD322W 43 60 17.0 0.077 0.389 0.741 1.206 0.113 0.160 0.0155 **K1 PD-324 E12 19W 30.5 0.157 0.045 1.585 2.788 0.126 0.198 0.0141 K1 * Intersection mainly in Footwall of K1 Ore Lens ** Intersection mainly in Hangingwall of K1 Ore Lens Based on the assay results obtained from underground sampling program, the following conclusions can be made with respect to JBS deposit: Pacific Minerals' analytical results not only confirm the precious metal assays reported by the Chinese and but also show a modest 4.9 % increase in the overall platinum + palladium grades, suggesting that reserve estimates calculated from drill hole data understate the overall grade of the deposit. The Company's sampling results indicate that the 100 x 100 meters drilling grid employed by the Chinese is adequate to accurately define the boundaries of the high grade K1 and K2 ore zones. The 100 x 100 meters grid extends from Lines 307 to 327, covering a distance of only 850 meters, which contains the majority of the high-grade reserves. Wide-spaced drilling completed on a 200 x 400 m grid consistently reported economic PGE intersections over a combined strike length of 2600 m extending to the north and south of adit PD-1339. If we assume these intercepts are geologically related to the K1 and K2 ore zones observed in adit PD-1339, the peripheral areas offer tremendous potential to substantially increase the current reserves between Lines 327 to 347 (1000 meters) in the North Mineralized Zone and Lines 107 to 147 (1600 meters) in the South Mineralized Zone, where minimal reserves have been assigned. The northern limit to the NMZ is unknown. The last surface drill hole in that area (hole 132K42, line 347) cut 39m, grading 2.03g/t inducing 12.5 meters of 3.63 g/t Pt+Pd. A coincident Ni soil geochemical anomaly and magnetic anomaly extends for an additional 1000 meters suggesting that the NMZ has good potential to grow in that direction. During the next 4 to 6 weeks, Pacific Minerals plans to rehabilitate adit PD-1309 in order gain access to the K2 ore zone for channel sampling and underground drilling. Once the adit is reopened, channel sampling will be carried to provide important geological information about the K2 zone prior to initiating the drilling program. PD-1309 extends in a northwesterly direction for approximately 900 m and is located 40 m to the east and 40 m vertically below PD-1339. Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of the Company. Actual results may differ materially from those currently anticipated in such statements. TEL: [phone] Pacific Minerals Inc., Rui Feng FAX: [phone] Email: [e-mail] INET : www.pacific-minerals.com ______________________________________