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A Joint Venture together with Silver Eagle in Mexico has been running since 1997 on a zinc property, San Felipe. Activities are suspended for the moment. In these difficult times the parent company is really more interested in things that are located within 100km radius of Stockholm. Re-domiciled Boliden Limited from Canada back to Sweden on Nov. 29, 2001.

Boliden AB               [BLS:TSE] (Re-domiciled back to Sweden as Boliden AB)

Works in Mexico through Boliden Mexico S.A. de C.V.

San Felipe Zn-Ag-Pb-Cu Project: near San Felipe de Jesus, Sonora. Optioned 51% from Silver Eagle resources on a 4-year exploration option. Reportedly has 300,000 tons of tailings at 0.007 opt Au, 1.45 opt Ag, 1.17% Pb, 2.3% Zn and 0.05% Cu, enough for a 3-yr mine life. San Felipe oxide project plans to work oxidized Ag-Pb ores. Phase I drill program concluded in 1998. Average grades of ore intercepts reported as 7.5m of 0.41% Cu, 3.66% Pb, 6.21%Zn, 53.1 gpt Ag and trace Au. and 20.9m of 0.1% Cu, 0.61% Pb, 7.48%Zn, 44.4 gpt Ag and trace Au. Phase II drill program completed in Spring of 1999 continued to extend good grade mineralization west along strike and down dip to the south. Phase II drilled up through SF99-15. presently operation is suspended.

Press Release 18Jun99 (with tabulated drill results for 10 best holes)
GCN #3 6Jan99 (with map and drill highlights)

Minera Serrana Project, Sonora. The mines and minerals sector of Trelleborg of Sweden has signed an agreement with Silver Eagle Resources to earn a 51% interest in the junior's Minera Serrana project and also fund a Mexican exploration program. Project is 57,189 acre package in Sonora which includes El Gachi, San Felipe and Moctezuma Zn-Pb-Ag mines. Dropped option on Tres Piedras and Oposura properties in October, 1998

GCN #194 8Oct98
NMN v83#6 04/07/97

Sacrificio Project, Durango. A copper-zinc-silver skarn target. Drilling in 1998 was likewise sufficiently encouraging that additional drilling and geophysical surveys will continue in 1999

WWWinfo 7Jul99