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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: Michael Brody who wrote (371)4/22/1997 2:15:00 AM
From: Ron Everest   of 588
 
Michael and Floj: My understanding is that they have 3 claims now, Posie, North Posie and Alaska. They are trying (and may already have succeeded) to acquire more ground "north of Alaska". Information in my file indicated that they did not want to set off an area play.

Indeed, there should be another release soon as this is their pattern. Interesting that they have now announced that they have finalized soil sampling "north of the Alaska prospect" which would infer that they have in fact acquired furher ground. This then would give them 4 areas if the assumption is correct. Peter Tambanis did state earlier that they were going to take more pick samples during the very wet conditions, appears he did that.

This is building to an exciting play Michael and Floj. Thank you McBrody for putting me onto this one! Pick samples, trench samples and drilling to come very soon. What would you estimate the time for assay results once they start drilling in 1 to 2+ weeks? 45 days seem reasonable?

Best regards,
Ron E
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