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Gold/Mining/Energy : Canadian Gold Stocks under $5
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To: Donald McRobb who wrote (170)9/17/1996 12:12:00 AM
From: Dave R. Webb   of 198
 
I'm not sure if we should put you or Don on the payroll. You both seem to have a very good handle on what we're up to.

Trenching on the Glacier project started 10 days ago, and is nearly complete. The first samples are due out tommorrow, and should be rushed to a southern lab for processing. The results could be due out before the end of September. It would have been preferable to drill this target, but trenching could be accomplished much quicker. Drill permits have been applied for, but this is really a precautionary stance in case something spectacular comes out of it. A more conservative approach would be to drill in the spring when there is more daylight. We'll see what comes of it.

It is also worth noting that, although MGR didn't have abig budget for diamonds this year, our neighbours did. GMD has put about $1 million into a Chuck Fipke directed sampling program in the past 6 months. Results are due back soon. In addition, Stu Blusson, Chuck's alter ego and other half of the 20% retained interest in the Diamet BHP diamond project at Lac de Gras, also has claims in this area, largely surrounded by MGR's ground. It is to my knowledge, the only location where this dynamic duo are together again, albeit on opposite sides of the fence. We can afford to sit back and see what our neighbours are building.
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