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Gold/Mining/Energy : Free for all as quebec nickel-copper rush is on
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To: nammir chucri who wrote (33)11/1/1996 1:41:00 PM
From: go4it   of 138
 
Nammir - I spoke with IR at Virginia today and was told they would send me out the info on the company. When I asked about what was going on at Sept-iles I was told this:

They have 2000 claims in and around the reserve area and that staking was pretty much completed in the area.

She also said geophysical analysis would probably be the first thing done and drilling would be done next year. Also stated that it was snowing in Quebec today and that snow was alraedy on the ground there.

Also, she mentioned that Inco has found something very interesting but due to the nature of what is going on at Sept-iles they are not saying what it is.

Spoke with Altavista yesterday (416)368-5115 and asked about the apparent silence of everyone surrounding this play and was told that it was a VERY HIGH stakes poker game that was going on and everyone is trying to ensure that no mistakes are made but everything was going extremely well for Altavista in his opinion. IR also stated that due to the time of year, drilling would most likely occur around late summer of next year. After geophysical analysis and trench sampling.

Everything that I hear and the people that I talk to say that this is not as rich as the Voisey bay deposit but something in their voice tells me that this is big. Call it a gut feeling.

Chuck
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