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Gold/Mining/Energy : Holmer Gold Mines
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To: goldust who wrote (678)8/26/1999 5:54:00 PM
From: lorne  Read Replies (1) of 739
 
Hi Goldust. No I havn't been to Timmins since last drill program,
I understand PALL is doing some drilling on their property adjoining
Holmer on the southeast but have heard nothing yet.
Who knows , Holmer has been around since 1968 and they are not dead yet close but not dead. Holmer has done a fair bit of drilling on the Timmins property and have something like 500,000 oz reserve at something like .23 oz/ton there is a lot more exploration still to do
but even as it sits I think some major would grab it if there should be
any serious sustained rally in POG.
I sometime wonder if the Rare Earth Minerals found on this property
are of any value as a by-product of gold mining.
In any case gold has to go up for any action on the Timmins property.
Cuba is a different situation wonder what's going on there would be nice if Holmer updated every year or two.
Take care
Lorne
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