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Gold/Mining/Energy : Intrepid Minerals Resources (IAU a)

IAU 83.59

+2.3%

Dec 22 4:00 PM EST

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To: Frankly Speaking who wrote (25)	1/19/2000 1:10:00 PM
From: Claude Cormier	Read Replies (2) of 96

Well the Zapote property, where the Cerro Colorado discovery is located, will see a $300-$400K exploration program in the next 4 weeks. They are drilling the down plunge extension of a silver breccia discover last year by 3 drill holes. If they hit similar values, it should automatically confirm a tonnage that could well be 2-3 millions tons initially. That means 20-40 millions ounces of high grade silver... which would be a good start. There are so many occurence of high grade silver on that property that I can't see how they will fail to develop some interesting tonnage. News will probably start to come out in 3 to 5 weeks. The other property, San Cristobal, will not be drilled before the 2nd quarter by IAU's partner Montana Gold. CC

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