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Gold/Mining/Energy : Etruscan Enterprises Ltd
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To: Doc who wrote (55)3/18/1997 9:47:00 AM
From: Andrew London   of 235
 
Doc, Approximately 600 people stopped by the booth at the PDAC, and the reception was very favorable. The Placer Dome drilling results are very impressive, expecially at depth where we have grades in excess of 30 grams over a meter.

We had core samples at the PDAC for people to view. Placer is still drilling within the option area and I believe the drills are currently at the Eastern Entension.

With respect to the share price drop, this is an area that can be hard to figure out. I know there are a number of our warrants which have been exercised at $3.65 & $4.25, which could have been sold into the market. Also I have found when a stock moves quickly some investors like to take their quick gain.

Everything is looking very good for the company both within the Placer Dome option area and outside the option area where Etruscan has a number of exploration efforts underway.

Thanks for your inquiry, sorry for the delay in responding.

Andrew
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