Golden Hemlock(GHE) Message Board

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Gold/Mining/Energy : Golden Hemlock(GHE)

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To: Steve Johnston who wrote (811)	9/3/1998 6:23:00 PM
From: Ronald Tammekand	Read Replies (2) of 909

C$2 million financing has been accepted by the board of directors and all the cash goes into Mexico keeping overhead to a minimum. Sounds good to me and if West Coast can come up with the cash we could all do OK as there is gold all over the place in SJG. West Coast has taken up an additional private placement to keep the company trading and is paying for the routine audit that is necessary to lift the cease trading order. Accountant is not coming to Mexico until 20th Sept. so don't expect anything soon. West Coast plans to put existing mill into production to stop dilution of GHE stock and use profits for exploration. Reserves in Tres Amigos have been calculated and I have been waiting for Robin to release the results for ages. Drill hole 63 turned out to be the best hole from last round of drilling and new program will continue here to look for a 1.5km outcropping breccia zone (Palo Chino) that is 30-40m wide and running about 3g/t Au, with a possible connection with the Gossan cap which should average about 4g/t Au. cheers, Ron

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