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Gold/Mining/Energy : GLS GLOBAL ASSETS

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To: DON who wrote (27)4/21/1997 9:15:00 PM
From: Howard   of 135
 
Don, called Thor today to see what's up. The drill rig is not on site, and there is no committed date. I guess this means it could be several weeks, but I appreciated Thor being straight forward rather that making up dates as others do.

Moving equipment in and out of South American countries is difficult, to say the least.

They have hired Bol-Inca Resources Limited to handle the geological chores. Marcello Zapata will be the General Manager, and Kelley Paulis, who is the niece of the CEO of Miranda, is the Managing Geologist.

Assay results are not yet received back. The ore samples had to travel to LaPaz for processing.

All in all, a good report. Surface mining is still being worked by the natives with excellent results.....high gold content.

This one will be worth the wait. A couple of weeks plus or minus means nothing. These properties are hand picked, unmined properties, and the wait will be rewarding.

Regards,

Howard
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