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Gold/Mining/Energy : Any Good Penny Resources Left?

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To: James N. Wilson who wrote (434)12/16/1997 12:27:00 PM
From: James N. Wilson   of 753
 
Commercial production to begin at Glimmer mine in January

Exploration efforts locate new anomaly, drilling underway to further expand the deposit. November cash cost weight in at US$202 per ounce.

N. Miner 11/17/1997 - Glimmer Resources (GME-V) poised to take over as operator at Glimmer mine. "According to GME Pres. Richard McCloskey Exall's position in the joint venture will be considered diluted to such a degree that Glimmer will have majority ownership and the right to take over as operator. Before that happens, however, several issues related to the court case must be decided."

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