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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)
GMO 0.01210.0%Jan 21 4:00 PM EST

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To: Harold W. Davis who wrote (338)4/11/1997 8:28:00 PM
From: Daytek77   of 588
 
Harold

The reason for the excitement about the anonomly noted 230 meters down is very simple. When you are searching for gold you want to find the source. For example Kalimantan has thousands of people panning gold in the rivers. There is a source of this gold and that is what every company wants to find. Goldminco believes this may be the source of the surface enrichment. Queensland, where Goldminco's property is located has numerous mines in production, there are some high-grade mines also. I am not aware of any adits on the property as it has not been drilled to my knowledge expect for one or two exploratory holes.

The intial trench results if proven at depth cannot be ignored by any market.

All the best

Tony
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