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Gold/Mining/Energy : Holmer Gold Mines

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To: Ken O'Connor who wrote (12)	9/27/1996 9:49:00 AM
From: Bruce A. Anderson	of 739

Ken: Received a reply yesterday from HGM rep on my query about progress on exploration programs. Drilling is said to have been underway for two weeks in the Timmins camp and the budget for the initial drilling program has been increased to $480,000. A news release concerning the first four holes is expected in a week or so. Exploration is also proceeding on Cuban projects, in addition to the silver prospect which I understand is in the feasibility study phase. No word on when that study will be concluded. -ba

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