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Gold/Mining/Energy : ARMISTICE

ACI 17.31

+0.8%

Jan 2 9:30 AM EST

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To: Mark L. who wrote (23)	6/16/1997 10:52:00 PM
From: Mark L.	of 94

Is anyone out there? Talked with Brian Davidson, Pres. ACI this morning. Should be a Press release by end of June on further drill results. Asked him about 4700 ton bulk sample sent to Macassa Mill (Kinross) and he said it was done but was waiting on the report which could be several weeks. He didn't expect anything significant though. I asked him about the possibility of a resource estimate, which he thought might be possible by fall but noted 75,000' of drilling was still left to do in this phase. He did tell me a report was done by somebody from the USA and basically was indicating 750,000-800,000 tons grading .212 oz/ton. I'll be able to comment more after receiving this report that he is sending to me. Bye for now,Mark

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