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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: rabbi who wrote (218)	5/5/1997 10:30:00 AM
From: denis J	of 440

rabbi/ stockjock/et all NEWS re: annual report I now have a copy three main items. 1.page 4 "a decision may shortly be made on an all season acces to the zone and a shaft entry. Barrick has publicly stated that michaud should provide future mill feed for their mill". "the property is well advanced towards becoming a multi-million ounce resource". 2.finaly acknowledgement of fripp page 9 "work to date includes ground geophysics and diamond drilling totalling 1727m on the hollinger copper zone geological modeling and a resource calculation are in progress copper mineralization is rich and sharply defined with intersection grades of up to 8.95% copper giving a weigthed average of 4.40%cu and 10.6g/tag" 3.perlite project is going ahead in Idaho and U.S interest will be spun off ( I think this is good because the value of these properties where never a major consideration in the stock price and we will all benefit form it being spun off) 3.A recent nighthawk drilling report also included in the annual report looking forward to the agm june 9 97 @ 104 pine st so Timmins Ont 10;00 A.M. feeeeeeling good all the best denis j

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