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Gold/Mining/Energy : Alta Gold

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To: RWILL who wrote (71)	3/23/1997 10:56:00 AM
From: hoopsville	of 749

I like these statements from press release--earnings to triple: "The Company is presently completing the permitting process at both Olinghouse and Griffon. In addition, the Company is completing a feasibility study for the initial mine at Olinghouse, as well as continuing its drilling program on this property. Site development and mining at both Olinghouse and Griffon are scheduled to commence early in the second half of this year. On March 13, 1997, the Company reported that its year-end 1996 proven and probable gold reserves had been independently confirmed by Pincock Allen & Holt and contained 1,045,074 ounces of gold. This not only represents a 34% increase in gold reserves over the prior year but also represents a significant milestone in the Company's efforts to expand its future earnings base. All primary efforts have been focused on bringing Olinghouse and Griffon into production in 1997. Once the permitting of these properties is completed, and the properties go into production later this year, we expect annualized gold production to triple to over 150,000 ounces and our revenues and earnings to increase accordingly."

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