Papua New Guinea Project
A
Falcon Drilling designed F2000 drill is shown on location
at Mt. Kare in Papua New Guinea where Falcon Drilling is
operating under instructions from Madison Enterprises
Corp.. Madison is a Vancouver, Canada based mineral
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exploration
company that is currently engaged in an aggressive
drilling and exploration program on the Mt. Kare
property. They are listed on the Vancouver Stock Exchange
(VSE:MNP) and NASD (OTC/BB as MDSEF). After an initial
independent resource calculation by the engineering firm
of Watts, Griffis & McQuat (4.0 million ounces - 1.0
g/t Au Cut-off, uncut grade), Mt Kare has the potential
to join the ranks of the other world class gold deposits
in PNG and Irian Jaya such as Grasberg (50+ million
ounces), Lihir (35+ million ounces) and Porgera (25+
million ounces). Two diamond drills are currently
operating with the objective of expanding the resource
base within known zones of mineralization and continuing
to test significant outside targets. Drill results
continue to confirm the similarities in the occurrence of
mineralization at Mt. Kare and at the Porgera mine. Mt
Kare is 15 kms. away from, and on strike with Porgera, a
26 million ounce mine operated by Placer Dome. For
further details of the Mt. Kare project; the Madison
management team which includes Neil Dragavon, Chet
Idziszek, Daniel Matthews, Catherine McLeod-Seltzer,
Abdullah Basodan, David Laudrum, Douglas Brown and
others; as well as news releases and quotes from various
analysts regarding Mt. Kare please visit Madison
Enterprises at