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St. Elias receives Titan 24 survey data for Tesoro

2011-02-16 15:00 ET - News Release

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Ms. Lori McClenahan reports

ST. ELIAS MINES LTD. - 3D INFORMATION FOR THE TITAN 24 GEOPHYSICAL SURVEY RECEIVED FROM TESORO GOLD PROJECT IN PERU

St. Elias Mines Ltd. has received 3-D data and images generated from Quantec Geoscience Ltd. with respect to the stage 2 Titan 24 survey conducted at the Tesoro gold project in Peru.

Work is continuing by company consultants, an independent engineering firm and Quantec to interpret all data received from both phases of the Titan 24 surveys. This work includes, but is not limited to, stitching or splicing the 3-D images into a single image that covers the entire Tesoro project, and constraining (correlating) the 3-D geophysical data to known geological structure, gold mineralization, geology and alteration.

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