CVR: V Consolidated Viscount Resources - Ringer??? Message Board

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Gold/Mining/Energy : CVR: V Consolidated Viscount Resources - Ringer???

CVR 9.068

+0.8%

Nov 10 3:57 PM EST

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To: Mike Campagna who wrote (211)	4/10/1997 1:11:00 PM
From: Tom Byrne	of 409

Hello CVR investors! I have been extremely busy over the past two weeks and haven't had a chance to write an update. Here then is a brief update. Len and Richard Garnett and Ed McCrossen are at the mine site now. They arrived there Tuesday morning. Garnett will assess the work done to date and make his reccomendations to the board as to when the mine will begin production. We are all anxious to begin cash flo asap. The team will also be assessing the drill program that kennecott is currently conducting on one of our new properties. Gerncor is on another one exploring. The 18 properties that we recently acquired 50% of are considered to be the cream of the entire region. One of the crew from a recent 3 million oz gold dicovery just north of us said everyone has been trying to make a deal for these properties but "the German" wouldn't deal with anyone but majors.(hence Gencor& Kennecott) These wre staked well before NAFTA allowed any foreigners into Mexico. We have had a number of companies enquire about jv opportunities already. This would entail work commitments and property payments to us in return for percentage ownership. Mexico is going to be the focus of alot of attention since the Indonesian deals have soured and Africa and South America are still looking risky. That's it for now, I will try to be in touch more often!

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