Baron Gold Corp.(former Veto Res.) BXG.VSE Message Board

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Gold/Mining/Energy : Baron Gold Corp.(former Veto Res.) BXG.VSE

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To: Darryl Kadonaga who wrote (2)	6/24/1997 2:04:00 PM
From: Judy Ryon	of 30

Hi Darryl! Our focus for the summer will be on our 100% owned Strebe Gold property near Nakusp BC. The objective will be to increase the indicated resource from 75,000 ounces to 400,000 ounces of gold. (Mother Nature willing!) We are just completing the financing announced June 18 of $120,000 for that project. (We were over subscribed!) This gives a total working capital position of around $200,000. We are limiting the financing amounts at these low levels to reduce dilution, and will be doing incremental financing as needed. We did not proceed with the Indonesian project JV with Stirrup Creek. We are waiting on more info in the buffalo hills area before planning the work program and budget. In talking with Hugh Clark over at Levelland Resources, the JV partner, their people have collected random soil samples to check for indicator minerals. Judy Ryon BXG IR

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