NEWS IN BRIEF — Parkside Ventures (PKV:VSE) has changed its

Junior Da Capo Resources (VSE) continues to work its Bolivian properties, with promising results.

Assays from diamond drilling on the Capa Circa property include 126.4 metres of 0.98 gram gold per tonne, with a number of higher-grade intervals assaying up to 4.01 grams over 7.6 metres for hole CC8. Hole CC9 returned 54.4 metres of 1.63 grams, including intervals of 10.7 metres of 2.54 grams and 3.2 metres of 9.6 grams. And hole CC10 intersected 97.2 metres of 0.77 gram, including 1.96 grams over 4.8 metres and 2.81 grams over 7 metres. Mineralization occurs in a swarm of quartz veins and veinlets within a shear fracture zone. Da Capo is examining the potential for a large, bulk-minable zone. It holds an option to acquire the property for US$4.8 million, due in early 1996. Negotiations are under way to convert the option to a 4-year, joint-venture agreement, thereby eliminating the purchase price. On the Amayapampa property, five holes have been drilled so far this year. Assay results are pending, but the holes are reported to have intersected intervals exceeding 50 metres of pyritized, quartz-veined rock. Amayapampa contains proven and probable reserves estimated at 4.3 million tonnes grading 2.8 grams, and drilling continues to define the zone’s bulk-tonnage potential. Da Capo expects four drill rigs to be operating in the Amayapampa area within the month. A reverse-circulation rig will be used for drilling shallow, stepout holes, and for testing the nearby La India deposit and two other gold-antimony properties.

Metallurgical tests by Lakefield Research, conducted on minus-10 mesh samples, indicate a 60-65% gold concentrate recovery by gravity methods for on-site dore production; 90% of the remaining gold, recovered in a concentrate by flotation methods, is to be exported. Total gold recovery is about 93%. The other half of the core from hole AP-2, which originally ran 2.64 grams over 106 metres, returned 3.77 grams over the interval, representing an increase of 40%. The nugget effect of coarse gold is attributed to the difference in values.

Last December, Da Capo advanced the owners of the Amayapampa property a loan of US$2.4 million. The loan matures on March 22, 1996. If the company elects to purchase a 51% interest for a price of US$3 million (as previously arranged), the loan will be forgiven and Da Capo will be deemed to have paid the exercise price in full. The company has working capital of $5.3 million and 10.5 million shares outstanding.