AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange Message Board

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Gold/Mining/Energy : AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange

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To: John Leather who wrote (124)	4/2/1997 2:50:00 PM
From: Francois Plante	of 329

Very good news on AUi In the weekly paper LEs AFFAIRES,published in montreal,this week edition gives us a chance to smile ...Here is a translation of most of it. The article about auriginor is very positive. They mention the agreement signed about the acquisition of "Minera Remance" a mine situated in panama.The news as been officialized yesterday(Tuesday).AUI has obtained the control of the mine(51%).The article says that there is a strong possibility that the rest (49%) be also sell to AUI in a very near future. This mine as been operated from 1920 to 1980 quite artisanaly.A single family is operating the mine since 1987."it is not well managed and operated" says Diotte and "the value of the mine is around 500M.". The negotiation took 6 weeks. Diotte said;" Its like having a mercedes at the front door,10 km old,without having the money to buy gas.I arrive witn the gas.Seniors will join us". Overall,the article sounds great and is very positive.I honestly think that AUI will jump up at the reopenning of trading(no news on that ) An other article in the same journal is about WPC. En resume... The article repeat the fact that WPC is doing a strong job at Salomon islands.They insist on the fact that everything is done not to repeat the bre-x story. The have hired independant firm for analysis and drilling(Watts griffith and Radial drilling). Diotte said; "We are only the concert masters not the one who are doing the analysis. Nobody here is paid according to the amount of gold that is discovered.All those guys are independant of the cie." Diotte said also "I think that we will be a model to copy for other company operating in gold prospection." Once again,everything looks fine for us.Wpc has regain another $0.20 today(15h00est) Francois P.

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