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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: JED who wrote (50)9/26/1996 2:56:00 PM
From: John Fairchild   of 14627
 
Just got off the phone with the Gerald Phillips (PFG Presedent & CEO)

He was interested in my last post regarding rumours and the elements of truth. He says they expect to recieve the assay's today and it will take two days to prepare the news release and get Barrick's approval to publish the release.

Gerry also shared with me some very good news regarding the 'La Colorada'. They are negotiating the outright sale of this property to an outside country interest. They will know in 21 days. The sale is expected to result in some very nice gains for PFG shareholders.

Other news that I did not report from my previous conversations with IR yesterday was that they expect to enter into a joint venture on thier Indo property.

Can you feel the excitment?

John.
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