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Gold/Mining/Energy : Richland Mines Inc

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To: Robert D Curtis who wrote (44)4/15/1997 8:30:00 AM
From: Mike Campagna   of 62
 
To All:
Spoke with Kieth yesterday, and the following info came out.
1) As soon a s ground is firm, they will start drilling to prove up the size of the vermiculite find. Drilling will be done by Erena Mines, in Sudbury. Already funded.

2) There is only 5 to 20 feet of overburden in most places, so it should be easy to reach.

3) He is off to N. Bay, week of May10 to tie it all together.

4) The vermiculite is right next to the highway, so transportation from the sight will be easy.

5) They will transport from the site 10-15 miles to N. Bay, where a handling facility will be set up to process the vermiculite. All should be up and running by mid-late summer. The quality is very good, and the samples have recieved favorable response from the U.S customers that recieved them.

6) They OWN the property..no title disputes here.

7) They have had a fair bit of interest from drywall mfg customer in Montreal, for the processed vermiculite.

Sounding pretty good here, and the long end of the road appers nigh. I encourage you to call Kieth at 604-488-0796 and suggest that press releases get out so people know whats going on. This is looking to have better and better potential.

Best Regards
Mike
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